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ITR filing 2024: The process of filing income tax returns has started, but due to non-availability of Form 16, many salaried taxpayers are not able to file this form. Form 16 tells about your income, how much salary did you get and how much tax was deducted? In such a situation, this form becomes even more important for filing ITR. Similarly, Form 16A and 27D are also important for ITR.
If you are also going to file ITR and you do not have Form 16 or you need Form 16A and 27D, then let us know how to get them easily. Employers or companies often release the form by the end of May 16 or before June 15.
What is Form 16,16A and 27D?
Form 16 is a document that contains all the details required to submit income tax returns. It is mandatory for employers to disclose this form to their employees at the end of each financial year. Employers usually provide Form 16 to their employees before the end of May or mid-June every year.
Form 16A contains details of TDS deducted and quarterly statement of PAN and TAN of the employer and other information. 27D is a form in which details of three months are given. It tells whether the taxpayers have paid tax to the government or not. Therefore, these documents are required while filing ITR.
Where can you download this form?
Salaried employees can obtain Form 16 from the employer on or before June 15 of the next year, immediately after tax deduction in the financial year. Form 16 can be downloaded from the TRACES website, but not in full form. TRACES stands for TDS Reconciliation Analysis and Correction Enabled System.
How to download Form 16, 16A and 27D?
1. Visit TRACES website www.tdscpc.gov.in/en/home.html.
2. Now go to the 'Login' section and select 'Taxpayer' from the dropdown menu
3. Log in with User ID, Password and PAN.
4. Go to the 'View or Verify Tax Credit' section.
5. Select Provisional TDS Certificate 16/16A/27D.
6. A page will open, here you have to enter the TAN, financial year, quarter of the employer.
7. Select the form to download from Form 16, 16A, 27D option under the dropdown of 'Provisional Certificate Type'.