Sunday , November 24 2024

ITR Filing 2024: Now Form 16 will be downloaded in minutes, no need to wait, know the complete process

Form 16 Download: 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 you have received and how much tax has been deducted? In such a situation, this form becomes even more important for filling ITR. Similarly, Form 16A and 27D are also important for ITR.

If you are also going to fill ITR and you do not have Form 16 or you need Form 16A and 27D, then let us know how you can get it easily. Employers or companies often release the form as late as May 16 or before June 15. Let us know how it can be downloaded easily.

What is Form 16,16A and 27D?

Form 16 is a document that contains all the necessary details required to submit income tax returns. It is mandatory for employers to issue this form to their employees on completion 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 taxpayer has paid tax to the government or not. Due to which these documents are required while filling ITR.

Where can you download this form

Salaried employees can collect Form 16 from the employer on or before 15th June of the next year immediately following the financial year in which tax is deducted. 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 of the employer, financial year, quarter for which the request is made

7. Under the dropdown of 'Provisional Certificate Type' select the form to be downloaded from the option Form 16, 16A, 27D.