Find out these things about Form 16 before filing your income tax return

Wage employees across India are waiting for ‘Form 16’, which is a major document from his employer, which is to file his Income Tax Return (ITR). In this article, why do employees need Form 16? You will find the most important details in it.

TDS certificate

Form 16 is a very important document for employees. This includes details of the tax (TDS) excluded by the owner at the source. According to the Income Tax Regulations, the owners should release Form 16 by June 15, 2025. It also includes other details such as 80C, 80D, home rent allowance (HRA) and others including others under various sections of the Income Tax Act.

If the farm is 16 late.

Form 16 controls the process of filing income tax returns, especially when using pre -field form in income tax portfolio. However, if there is a delay from the owner, individuals can file their returns using wage slip, Form 26AS, Annual Information Description (AIS).

By June 15 ..

The last date for issuing the last date for employers for issuing Form 16 to its employees for the financial year 2025 is the last date. Tax Arram India founder Mayank Mohanka said that the provision of 500 fine is also in the Income Tax Act. Even after receiving Form 16, it is appropriate to verify the details in the platform to prevent the difference from the Income Tax Department.

Does everyone get Form 16?

Employees who have not been covered by TDS do not have to pay Form 16. For example, the old tax system is up to Rs 5 lakh and the new tax system is Rs 7 lakh. For example, after receiving a discount under Section 87A of the old tax system, there is no tax on income up to Rs 5 lakh. In the new tax system, there will be no tax on income up to Rs 7 lakh per financial year 2025. The tax limit under Section 87A has been increased to Rs 12 lakh since the financial year 2026.

Part A, Part in Form 16 Part Bee

Form 16 is divided into two parts. These include details except for Part-A, Part A, Part-A owner, employee’s name, owner permanent account number (PAN), tax deduction and collection account number (TAN), employee PAN, employment duration, TDS. Part paid in part bee salary, other income, exception made by claims, tax being paid.

If you change the job then you need two form 16

If the wage employee has changed the job in the financial year, then two forms can be 16S in the same financial year. In this case, the person will have to get Form 16 from the previous company, the current company. The last date for filing it was extended from 31 July to 15 September 2025.