ITR filing 2024: Form 16 details not matching with Form 26AS? Do THIS to avoid income tax dept’s notice
Income tax return (ITR) filing deadline is approaching, with 31st July as the last date. Already in June 3rd week, most salaried taxpayers may have received Form 16 from their employers and those who have not received can expect it before the end of this month.
If you are a salaried taxpayer and have just received Form 16 from your employer, you should first do an important task before embarking on filing income tax return for FY 2023-24 (Assessment Year 2024-25). The very first thing you should do is compare your Form 16 with 26AS.
Form 26AS provides details of all taxes paid by a taxpayer. The document contains TDS deducted by employers, banks, or other deductors. Once Form 16 is received, it’s important to cross-check the income and tax details in Form 26AS. Form 16, a certificate provided by employers to salaried individuals, gives details like salary income, TDS deducted by the employer and various allowances.
Also read: Income Tax Return Filing: Don’t have Form 16? Use these alternatives to file ITR
Form 26AS, a consolidated Annual Information Statement for a particular Financial Year (FY), has these following details:
On the other hand, Form 16 is a confirmation that the taxes have been deducted from the salary of an employee. Put simply, it is a certificate that tax has not only been deducted but also deposited with the income tax department.
Step 1: Visit the income tax department’s e-filing portal
Step 2: Enter User ID (Your PAN). If your ser ID is invalid, you will see an error message. Enter valid user ID details.
Step 3: If you remember the password, enter the password and continue. Else, you can follow certain steps to recover your password.
Step 4: Once the step is completed, go to ‘e-file’.
Step 5:
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