The season has come to file income tax return (ITR). People working are waiting for Form 16 issue. Form 16 is necessary to file the returns of salary taxpayers. Employers issue Form 16 to their employees. There are many important information in this, your income is very important for tax profile. Now employees are going to release digital form 16 to their employees.
This is how digital form 16 is downloaded
Digital Form 16 It is very easy to use. With its use, income tax return can be filed without any mistake. Like the old Form 16, it also has complete information about your salary, TDS and Didles. The question is, where will you get Form 16? For this, the official of employees https://www.tdscpc.gov.in Traces Can go on the portal. Employees Tax Deduction Account Nabar on this portal (Tan), You can log in with password and captcha code. After logging in, you have to go to the ‘Download’ tab. Then select ‘Form 16’.
Employees have to give this information
After selecting Form 16 on Traces, the financial year has to be selected. After that, PAN and other necessary information will have to be added to the employee. After that TDS receipt number, deduction date and total deducted amount will have to be entered. After this, you have to click on submit and download request. You will download Form 16. It can be used according to your need.
Employees will have to release Form 16 by June 15
There are two parts of Form 16-Part A and Part B. Part A contains information about employees and employees. There is also a summary of taxed tax. The government is also aware of the tax deposited. Part B contains salary components, exhalations, deeds and total tax or refundable details. It is easy for employees to release Form 16 Employees by June 15. After this, the process of filing the Income Tax Returme can be started.
This is how to use Form 16
Generally, employees generate Form 16 using traces. They then send it to all the employees. The use of digital form 16 has made it very easy to file income tax returns. The platform of the Income Tax Department automatically imports information related to the salary of the employee. He also imports the information of TDS and exhalations. With the help of these agents, after filing income tax returns, the use of Aadhaar OTP has to be completed with e-verification process. This process can be completed from the Netbanking or signed an ITR-5 and sent to the Centralized Processing Center.