Thursday, September 28, 2023

Hot Wo Check Form 16 Online For Filing Income Tax Return TRACES Portal…

More than two months have passed since the new financial year started, but so far many people have not received Form-16. Form-16 is a very important document for filing Income Tax Return. There are many such information in it, which are necessary for filing income tax return. Information about how much Income Tax Refund you can get from Income Tax for the last financial year is also available from Form-16.

when will your wait end

Generally, companies, especially private sector employers, provide Form-16 to their employees on time. Many taxpayers must have already received Form-16 from their office. However, there are also a large number of people who have not yet received Form-16. If you are also looking to file income tax return quickly and are waiting for Form-16, then this article can be helpful for you.

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This information is in Form-16

We are going to tell you how you can check your Form-16 online. Before that some important things. Form-16 and Form-16A are given to the employees by the companies. It contains information about the tax deducted at source (TDS) deducted by the employers. By looking at this form, you can find out how much tax has been deducted from your salary during the last financial year. If TDS has been deducted more than your liability, then you can claim refund.

Form-16 is available till June 15

It is mandatory for all companies to file TDS returns. This time the deadline for filing TDS returns was 31 May. This means that your employer i.e. the company must have filed the TDS return by now. After filing TDS return, companies issue Form-16 within a week or two and send it to their employees. Normally it takes 15 days. Means you are very likely to get Form-16 by 15th June.

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This is the deadline for filing returns

Experts suggest that taxpayers should not delay in filing income tax return after receiving Form-16. The last date for filing income tax return for the financial year 2022-23 i.e. assessment year 2023-24 is 31 July. One should not wait for the deadline to come closer to file the income tax return, because there is no guarantee of extension of the deadline and in such a situation you will have to pay penalty without any reason.

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Check Form-16 online like this:

  • First of all go to the official website of Income Tax Department
  • Open the ‘Forms/Download’ section.
  • There you will see the option of Income Tax Forms ‘Income Tax Forms’. Click on that.
  • On scrolling down, Form-16 will appear in the Frequently Used Forms option.
  • After clicking it PDF and Fillable Form options will appear.

Select according to your convenience. By doing this Form-16 will be downloaded. By opening the file, you can see that your office has not updated your Form-16 yet. If Form-16 is updated, then with its help you can file income tax return immediately.

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