The financial year 2023-24 has started. In such a situation, every income taxpayer must fill out their Income Tax Return (ITR). The last income tax return filing date is July 31, 2023 (ITR filing Last Date). You must have a PAN card, Aadhaar card, Form 16, bank account details and other income proofs to file ITR on the e-filing portal. Not only this, but it is also necessary to have a link to PAN and Aadhaar to file an ITR. Your e-mail ID should also be registered with the Income Tax Department. But, you might be surprised to know that in some cases, a salaried individual can file ITR without Form 16.
Form 16 is the document through which the employee gets the account of the entire taxable income. The salary of some employees does not come under the purview of income tax. In such a situation, the company does not issue Form 16 for them. In such a situation, if those employees want to file ITR, they can do so without Form 16.
What is Form 16?
Form 16 is an important document for filing income tax. In this document, there is an accounting of the person’s entire income. From this, it is known how much money the person has spent. How much tax has been deducted? The information about TDS deducted in the financial year is also recorded, and there is also investment information. Income tax rules say if a company deducts TDS from an employee’s salary, it is required to issue a TDS certificate.
Form 26AS will come in handy
if you do not have Form 16, you can easily file ITR with the help of Form 26AS. Form 26AS contains information about TDS and TCS. The details of the person’s advance tax and high-value transactions are also there. Along with the details given in this, your salary slip, HRA slip, and proof of investment made under Section 80C and 80D of Income Tax will also be required. If you have taken a home loan, proof of the same will also have to be given when filing the ITR. With the help of all these, you can file an income tax returns even without Form 16.
Download Form 26AS like this
If your salary does not come under income tax, but you want to file ITR, you can download Form 26AS from the Income Tax website.