ITR: A Guide to E-File Tax Return Without Form 16 for AY 25-26
April 4, 2025 at 3:15 pm,
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The process of filing the income tax return (ITR) for the assessment year 2025-26 has started with the beginning of the new financial year. The taxpayers from 1st April every year can submit their ITR for the previous fiscal year. But most employers furnish Form 16 to their employees merely after mid-May, after which most people delay filing the returns.
You must note that ITR can be furnished even without Form 16. The same form furnishes the data of your salary and TDS (tax deduction), which makes the filing simpler. If you do not secure that, then with the assistance of certain documents, you are enabled to fill out the ITR without any issues.
What is The Method To Fill Out ITR Without Form 16?
If you want to know the procedure of filing an online income tax return(ITR) with Form 16, you can check below:-
Download Form 26AS
From the Income Tax Department website, download Form 26AS. It maintains a record of all the tax deductions and deposits linked to your PAN. Match the same with your income and TDS information. Contact the employer or bank if you discover any difference.
Taxable Income Calculate
Compute your total income by extracting the data from salary slips. Comprised in it your basic salary, allowances (HRA, LTA, special allowance), and bonus & other perks.
Now discover your taxable income by deducting deductions like the standard deduction (Rs 50,000), HRA, and professional tax from this.
Learn that all the deductions and exemptions are permitted only in the old tax regime. Standard Deduction of Rs 75,000 has been permitted only under the new tax regime.
Also Read: Some Income Tax Deductions Still Available Under the NTR
Bank Statement
Verify your bank statement and see if you hold any additional income (interest, dividend, etc.) beyond your salary. Also, add the same to your total income.
Salary Slips
The salary slips of your whole fiscal year furnish you with the data of your salary, allowances, and deductions. The same would assist you in furnishing the precise information about your income.
Importance of TDS Form 16
Form 16 is a significant document issued by the employer to certify that the TDS deducted from your salary has been deposited with the government.
Form 16 included two parts:
- Part A- It includes the data of your employer and employee, PAN, TAN, and TDS information.
- Part B: It includes the information on the salary breakup, taxable income, deductions (80C, 80D), and taxable income.
Form 16 Advantages
Form 16 makes the filing of the ITR simpler and acts as income proof for taking bank loans. The TDS Form 16 assists in claiming the tax refund if excess TDS is deducted.
If you do not secure Form 16, then just relax. You can easily fill the ITR via salary slips, bank statements, and Form 26AS. Validate your income and tax information, and contact your employer or bank in the case of any discrepancy.