Things to check After getting Form-16

Hello Friends, 

My this blog is related to tell you about Important Things to remember after getting Form 16. 


Every job seeker is familiar with this form as the job seekers get Form 16 from their employer which contains the tax deductible and income statement of the entire financial year. 

  • Form 16 is most important for a job when filing an income tax return and if your employer has not given it, ask for it rightly as it is his responsibility. 
  • Without it, it can be extremely difficult for you to file an income tax return. 
  • Yes, some employers do not provide Form 16 as an exception, so this is the advice for the employees to use the pay in slip you get contains the details of tax deducted every month.
  • If you are a salaried employee then you must have got FORM-16 from your office. 
  • Before filing an income tax return, make sure that your tax liability and other related information in FORM-16 is correct. Find out what you will check.

Whether the PAN is correct or not ?

You need to check that your PAN is entered correctly in your FORM-16. If PAN is incorrect then the tax deducted from your salary will not appear in FORM-26AS and you will not get tax credit claim while filing ITR. FORM-26AS is your tax passbook. It shows tax deducted from you, advance tax or self tax assessment tax you pay.

Check Part A of FORM-16

It contains a brief description of the tax deducted on behalf of your employer. It contains your name, address and PAN and TAN of the employer. Your PAN has quarterly details of how much tax the government has accumulated. It also says how much tax is deducted from your salary.

Check Part B of FORM-16

It contains the detailed information of the income you received from your employer in the format in which you have to fill in the details in ITR. 

If you changed the Job in the Financial Year

In the financial year, if you have changed the Job then you have to collect Form 16 from all the employers whether new as well as from old employer.

I hope it will be helpful to you. 

Thanks and Regards


Kulvinder Kaur

B.Com(H), MBA(Finance)

9871580806,8826566751

rightsteptoinvest@gmail.com


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