income tax return
If you want to file ITR for the financial year 2023-24, then complete this work soon. Because now there are only 15 days left to complete this work. Your last date is July 31. If you have not yet received Form-16 in your office and due to this you are unable to file your ITR, then today we are going to tell you the solution to this problem. After knowing this method, you will be able to file your income tax return easily without using Form-16.
You can file the ITR without Form-16
Let us tell you that your Income Tax Return (ITR) can be filed even without Form-16. As per the Income Tax law, this is not a mandatory document. If you do not have Form-16, you can still fill your ITR. If your employer does not issue Form 16, you can still calculate your tax by obtaining Form 26AS, AIS or TIS certificate from the Income Tax Department website.
How to fill ITR without Form-16?
If you want to file your ITR without Form-16, you will need some documents with you.
- You need your payslips, bank statement, a TDS certificate from the bank, proof of house rent and LTA, proof of investment and Form-26AS or AIS or TIS.
- Just like Form 16 contains details of your taxable income. Similarly, you need to calculate your taxable income. You calculate it manually or with the help of many online tools.
- By downloading Form-26AS or AIS from Income Tax website, you will get the details of your TDS. If it is cut off, you can count it.
- You can figure your 80C, 80D, and other investments and subtract them from total income to arrive at your taxable income.
- If you have earned income from any other source, you can also calculate it.
- Once your tax base is calculated, you can file your tax return as a normal ITR.
