If you want to file ITR for the financial year 2023-24 then you have only 15 days left. Its last date is 31st July. If your office has not received Form-16 yet, then with the help of this method you can easily file your income tax return without using Form-16. So know the process of easy steps and file IT returns quickly.
You can file ITR even without Form-16
You can file Income Tax Return (ITR) even without Form-16. It is not a mandatory document as per the Income Tax Act. You can file your ITR even if you do not have Form-16. Even if your employer does not issue Form-16, you can calculate your tax by obtaining Form-26AS, AIS or TIS certificate from the Income Tax Department site.
How to file ITR without Form-16?
- If you want to file your ITR without Form-16 then you will need some documents.
- You need your salary slip, bank statement, TDS certificate from bank, house rent proof and LTA, investment proof and Form-26AS or AIS or TIS.
- You will need to calculate your taxable income. You can calculate it either manually or with the help of several online tools.
- You will get your TDS details by downloading Form-26AS or AIS from the income tax website. If it is deducted then you can count it.
- You can calculate 80C, 80D and other investments and deduct them from the total income to arrive at your taxable income.
- If you have earned income from any other source you can count that too.
- Once the taxable income is calculated, you can file your income tax return like normal ITR.