If you are a salaried person, I am sure you would have received your Form 16 by now. This document is issued by the employers every year. It is very important to understand the details given in Form 16. Understanding the content of Form-16 helps you file your I-T returns easily.
So, what is Form 16?
It is a certificate under section 203 of the Income-Tax Act, 1961, which gives information on the tax deducted at source (TDS) from income chargeable under the head “salaries”. It gives details of the tax deducted by your employer. In layman terms, Form 16 is the ‘Salary / Income Certificate’ that is issued by your employer.
In this post let us understand – What the various sections in Form 16? What is the difference between Form 16 & Form 16A? What is the link between Form 16 & Form 26 AS? How to verify if TDS is deposited or not? How to use Form 16 to file your Income Tax Returns? What you need to do if you have multiple Form16s?
Form 16 – Details & Sections
Form 16 is a user-friendly document. It has two sections, ‘PART A’ & ‘PART B’.
Part A of form 16 has details like –
- Employee’s name & address
- Employer’s name & address
- PAN no and TAN no (Tax deduction account number) of your employer (the Deductor)
- PAN details of employee
- Assessment Year (the year in which your tax liability is calculated for the income earned in the previous year. If financial Year or previous year is 2014-15, assessment year would be 2015-16)
- Part A provides the summary of TDS deductions. (This summary can be quarterly / monthly basis or on the periodicity of how your employer deducts TDS and credits the tax to the IT department)
- This section also gives you details about the ‘period of employment’. (If you have worked for two or more companies in a financial year, you will have multiple form 16s)
Part B of Form no 16 has below details;
- Income Chargeable under the head of ‘Salary’ . (Includes salary – Allowances and deductions (like LTA /HRA / Professional tax etc)
- Gross Income is Salary income + any other income reported by you. (Other income can be negative income ie loss from your house property or capital gains etc.,)
- Next, deductions Under Sections 80c / 80 ccc / 80 ccd are provided. (The maximum limit is Rs 1.5 Lakh)
- Then the deductions under other sections such as 80D (health insurance premium), 80E (interest on education loan), 80G (donations), and others are provided. (You would have submitted investment proofs for claiming tax deductions to your employer, these tax deductions are listed here)
- The totals of qualifying deductions (Aggregate of deductible amounts under Chapter VI A : Point no 10) are reduced from your Gross Income (Point no 8) to arrive at the ‘Taxable Income’ (point no 11). Tax is calculated (Point no 12) on this amount based on your tax slab.
- If TDS is deducted by your employer, this amount is subtracted from your total tax liability. The net tax amount can be nil (or) some tax amount payable (or) refund. (The balance, if negative, is your refund amount)
If your income from Salary is more than the basic exemption limit (Rs 2.5 Lakh for FY 2014-15), your employer is required to deduct TDS from your Salary and deposit it with the Government.
If you have also disclosed your income from other heads to your employer, they will consider your total income for TDS deduction. If your income is below the minimum exemption limit your employer will not deduct any TDS and may not issue you this form. If you have worked with more than one employer during the year, you will have more than one Form 16.
Form 16 Vs Form 16A
Form 16 is your Salary Certificate or TDS certificate issued by your employer. Form 16 A is also a TDS certificate which is generally issued on quarterly basis. While Form 16 is for only salary income, Form 16A is applicable for TDS on Income Other than Salary. (Form 16A is a statement containing all details of TDS Deducted on all Payments except Salary)
Form-16A also has details of name & address of deductor/deductee, PAN/TAN details, challan details of TDS deposited. It also has details of income that you have earned and the TDS deducted and deposited on such income.
Example – Form 16A is issued by banks when they deduct TDS on interest income earned on your Fixed Deposits / Recurring Deposits.
Let me provide you with a sample Form 16A. I have received the below Form 16 A from Standard Chartered Bank. On one of my FDs, I got a credit Rs 1,188 as interest income and on it Rs 118.80 has been deducted as TDS (@10%). (Remember, if you are in a different income tax slab rate say @ 20%, you need to include this interest income and pay the balance taxes accordingly)
What is Form 26AS?
(How to check or verify if TDS deductions are deposited with IT dept?)
As discussed above, TDS is deducted on Salary and other income, and deposited with Income Tax Department. So, how to check if these TDS amounts are actually deposited with the department or not?
Form-26AS gives you all the details of Tax credits. It is a form which indicates that the tax that has been deducted has also been deposited with the Govt.
Latest article : “All you need to know about New Form 26AS | Annual Information Statement”
The Form 26AS contains details of tax deducted on behalf of the taxpayer (you) by deductors (employer, bank etc.). So, TDS deductions that are given in Form 16 / Form 16 A can be cross checked using Form 26AS. The TDS amounts reflected in Form 26AS and Form 16/16A should always be the same.
(If there are discrepancies, the IT dept will consider the TDS figures as per Form 26AS only. You need to contact the TDS deductor to rectify any errors. For example– If your employer has updated your PAN wrongly, TDS deduction will not get reflected in your From 26AS. In this case, you need to get this error rectified by your employer.)
To access your Form 26 AS, you need to visit Income Tax website and click on View Form 26AS. You need to provide your login credentials to access this form. You can then download relevant financial year’s form-26AS statement. (Form 26AS is provided by TRACES – TDS Reconciliation Analysis and Correction Enabling System)
Below is a sample Form-26AS. In the below image you can view TDS on EPF withdrawal and TDS details from the employer (Tata Consultancy Services Ltd).
You can also find details of your tax payments (self assessment tax/ regular assessment tax/ advance tax) in Form 26 AS. Details of tax refund received during the financial year are also available in this form.
Form-16 & ITR (Income Tax Returns)
Form16, Form 16A (if you have income from other sources) and Form 26AS documents will come handy while filing your ITR. As discussed above, you have most of the details in your form 16 with which you can easily file your Tax Returns. Cross check your Form 16/16A TDS amounts with Form 26AS and then key in TDS details in ITR accordingly.
Based on Form 16, you can fill ‘Income’ and ‘TDS’ details. Based on Form 16 A, you can fill ‘income from other sources’ and ‘TDS’ details in ITR sheet.
Based on Form26 AS, you can cross check the above TDS payments and also fill in details of ‘Advance or self assessment tax’ payments (if any) in your ITR sheet.
Multiple Form 16s
If you have changed your jobs during the financial year, it is advisable to submit your income from previous employment to your new employer. In addition to this, submit all your investments, house rent etc., details to your current employer.
If you do so, the form 16 which is released by your new employer can have all the required details and TDS will be deducted accordingly. Do note that you need to enter the TDS deducted by your current as well as previous employer in your ITR, and pay taxes (if any) accordingly.
In case if you have not shared the details, you can file your Tax returns online based on multiple Form 16s. You need to consider both the incomes together and pay taxes accordingly. (Remember, do not consider tax exemptions twice while calculating the tax liability)
(It is advisable to save a copy of all your form-16s. As soon as you receive form-16 from your employer, email and save it in your personal mailbox. These forms are useful not only for filing Tax Returns but also for applying for home loans / term insurance etc.,)
Continue reading :
- All you need to know about New Form 26AS | Annual Information Statement
- TDS deducted by Employer but not Deposited? How to check TDS details online?
- Do I need to file my Income Tax Return?
- 5 Practical ways to increase your Take Home Salary (Pay)!
I hope you find this article informative. Kindly share your comments. Cheers!
(Image courtesy of Stuart Miles at FreeDigitalPhotos.net)
Hello, Srikant Ji
I was paid extra salary from my previous employer in Feb 2020 and Mar 2020, erroneously,which was already recovered by my current employer. Can my current employer reduce this years gross salary he reducing the recovered salary in Form 16 ? If yes , then can you please refer the IT rule under which it is possible ? I have already filed ITR for 13 month’s salary although the amount is alreadt recovered. can you please help me ?
They can correct the Form 16 entry and the same can be reflected in Form 26AS.
You may request the deductor (employer) to rectify the TDS/TCS statement using prescribed correction statement.
Based on this, you can file revised ITR, provided it is still under process.
Advisable to take help of a CA.
Thanks a lot for your quick response. i ll ask my employer to correct it. I may ask further here for any further clarification, if required.
In a short time, understood very clearly what are these forms and how they are different to each other. Thank You Sreekanth for such clear explanation with screenshots.
Where a depositor has multiple deposits with a Bank, Form 16A does not give break up of deposits along with the period for which interest paid/credited by the deductor. It is therefore not possible to check the correctness of deduction by the Bank or deductor.
Dear VAIDYANATHAN ..Yes, agree with you. Thank you for sharing this info!
Form 26AS as well as form 16A (as down loaded rom traces) are both showing tds deduction, but cpc financial accounting system is not showing the same and hence credit not allowed by cpc. How to resolve the issue
Form 26AS report itself is from the IT dept’s data..
You may submit your grievance to them via e-Nivaran portal..
There is mismatching of income from interest as shown in 26AS and form 16A as issued by the Bank. Interest income is higher in 26AS. While filing ITR online, the figure of Form 16A is autopopulated. should I change the figure manually while filing ITR. What should I do?
Kindly first check with your banker about the discrepancy in Interest income??
WELL ADVISED BY YOUR SELF TO FILLING ITR. NOW MY QUESTION IS THAT I AM GOING TO RETIRE ON 31ST AUGUST 2018.GETTING CPF APP.RS.3500000/-PLUS RS.1500000/- TOTAL RS FIFTY LAKH. NO REGULAR PENSION IN MY DEPARTMENT ,WHERE TO INVEST THIS AMOUNT TO GET REGULAR INCOME PER MONTH .I THINK YOUR CONSULTATION/ GUIDANCE BE REWARDING ME BEFORE INVESTING.
Dear VIPAN ji,
You may kindly go through below articles ;
* Retirement Planning in 3 Easy steps
* Lump sum Investment options for Retirees/Senior Citizens | Where to invest my Retiral benefits to get Regular Income?
In my case Total amount paid/credited in Form 26AS match with gross/total salary of Form 16 (point 1) which is more then my income chargeable on head salaries in Form 16(point 6 which after HRA exempted).
Which one shall I consider as my taxable income, Total amount paid/credited in Form 26AS OR income chargeable on head salaries of Form 16
If I consider income chargeable on head salaries of Form 16, then it would mismatch from Form 26AS.
Please suggest me.
Part A amount paid/credited is higher than part B. Shall I change the amount as per part B in sch 1 column while filing. Shall I edit the column or not please tell me.
Part A amount paid/credited is higher than part B. Shall I change the amount as per part B in sch 1 column while filing. Shall I edit the column or not please tell me.
I just observed that in Form 16 received from my employer, Total Amount Paid/credited shown in Part A of Form No. 16 is less than PART B (Annexure) Gross Salary. What could be the reasons for this difference? and Which income sholud I consider while filing IT returns? TDS is deducted based on Income shown in PART B (Annexure).
Gross Salary includes allowances. Where as ‘income from salary’ is after deducting allowances..
I was working with Company1 till March10, then shifted to Company2 but absconded it on 2nd day. I didn’t take/receive any salary from Company2. But the Company2 has generated Form16 for 1 month salary(tax = 0), which is updated in my Form26AS.
Now while doing my ITR, should I consider the 26AS and upload both Form16s? or Should I ignore the Company2 Form16 as I didn’t take their money?
Please suggest me what to do, if I don’t include Company2 Form16 will I be penalized by IT dept?
Many thanks in advance,
Did Company2 credit you with 1 month salary?
i hv to file return for fy 2017-18 but in 26as there are 3 entries done by PNB which are wrong & not related with me. total amt 329 is shown in amt. paid and 0 TDS on it. when i fill itr from efiling site this amount is automatically added from 26AS. if i modify it to zero instead of 329. it will not match with 26as and my itr will not be cleared by CPC. my bank said that it is not done by them it is done by centrally. i lodged complaint on site to pnb but custcare forwarded my mail to my branch. no action is taken. then i filed complaint on e-nivaran but there was not such option so i fill in “other” option. i got ref no. it is forwarded to concern as shown in status. but still 26as not rectified. what i should do?
If you believe that data (pertaining to your banker) in Form 26AS is wrong then your bank has to get the details corrected. Kindly follow it up with your banker.
My Form 16 and 26AS are in agreement. I am filling my return online. The auto updated (as per e-filing) details of TDS in Sch TDS 1 are different than that shown in the Form 16/26AS. Both the Income Chargeable under Salary Col 3 and Total Tax Deducted Col 4 are less than those indicated in Form 16.
Kindly advise on further action. I have intimated IT department through online grievance portal.
Thanks for your time and help
I believe you can provide/edit TDS details as per your Form26AS/10. You may kindly wait for the IT dept to revert to you and then can go ahead with IT filing.
In case, they provide more information, you may kindly share it here, can be useful to all of us!
My father is a retired person with income only from interest on bank deposits. Since he had submitted form 15H, NO tax is deducted by the banks. (They refused to provide proper Form 16A since there is no tax deducted and have only provided bank interest certificate on their letterhead). However, Form 26AS shows that they have provided partial information to Income tax department. For example, one bank has paid total interest of Rs 1.2 lacs (as per the bank interest certificate), however, the Form 26AS shows that they have paid Rs 28450 as interest with “Tax Deducted” zero. We understand we have to compute tax as per the amount shown on bank interest certificate.
My question is with respect to filling section TDS2 of ITR-1. In this section, column “Amount which is subject to tax deduction” shows Rs.28450 (which is fetched from Form 26AS). Do I need to change this amount to actual interest paid i.e. Rs. 1.2 lacs? or should I keep it as it is? We don’t want to answer IT Department queries for mismatching the numbers what they have in their system and what we put up there. Please advise, so accordingly we will file ITR.
I had already posted this query last week, but since there is no response, I am posting it again. Thank you very much for your support.
I believe that you need to contact your banker and check the reason for providing incorrect details.
If required, they may have to reissue the Form 16A.
The IT dept goes by the details as in Form 26AS.
Thank you Srikanth. Unfortunately the bank refused to issue Form 16A since they didn’t deduct any tax. The branch manager himself don’t know why the there is discrepancy is their between their interest certificate and on Form 26AS since it is processed by central system. In all I feel we need to calculate the tax as per Bank interest certificate, BUT keep the numbers on schedule TDS2 as per Form 26AS. Thanks again.
Suggest you to keep bank statements related to this deposit with you, for future reference.
You may declare the correct interest income received in your ITR and the TDS details.
My father is a retired person with income only from interest on bank deposits. Since he had submitted form 15H, NO tax is deducted by the banks. (They refused to provided proper Form 16A since there is no tax deducted and have only provided bank interest certificate on their letterhead). However, Form 26AS shows that they have provided partial information on Income tax department. For example, one bank has paid total interest of Rs 1.2 lacs (as per the bank interest certificate), however, the Form 26AS shows that they have paid Rs 28450 as interest with “Tax Deducted” zero. We understand we have to compute tax as per the amount shown on bank interest certificate.
My question is with respect to filling section TDS2 of ITR-1 (under TDS tab). In this section, column “Amount which is subject to tax deduction” shows Rs.28450 (matching with Form 26AS). Do I need to change this amount to actual interest paid i.e. Rs. 1.2 lacs? or should I keep it as it is? We don’t want to answer IT Department queries for mismatching the numbers what they have in their system and what we put up there. Please advise. Thank you very much for your support.
Hi Srikanth, any response to this query would be appreciated. Thank You.
I am an Insurance Agent. I joined this job in last F.Y. 2017-18 & received commissions from my employer. I have no other income from any other source, except interest on fixed deposits & saving bank deposits.
I have 2 queries.
1. Which ITR Form should I use to file my tax returns ?
2. As per Form 26AS My Employer has shown the March,2018 commission
as paid & TDS deducted and deposited subsequently in March,2018.
Whereas I have received March commission in April,2018 in my bank
accounts. Should I file my ITR for A.Y. 2018-2019 as per form 26AS or
report this income in next year ITR.
1 – You can file ITR 3 Form.
2 – You may include April commission in FY 2017-18 itself as TDS has already been deducted in Mar 2018.
You may kindly consult a CA as well.
Which part of the Salary (in Form 16) does “Income Chargeable under Salaries (Col. 3)” in Form 26AS refer to? Gross Salary or Gross Salary – deduction u/s 10 or Gross Salary – deductions u/s 10 & 16?
Dear Mr Sarma,
Please use income numbers from form 16. ‘Income under the head salaries’ will be specifically mentioned in the form 16. Please use that number. ‘Total income’ is a term different from ‘Income under the head salaries’.
Income shown in point 6 of part b of form 16 should be taken in ITR to avoid any notice u/s 143(1).
Form 16 part b which is calculative part of your salary i.e which shows how your salary derived .In point no 6 which come from Gross Salary less allowance and HRA actually allowed to you .
Which income should i consider while filling IT return Form 16 or 26AS
Kindly note that the Tax dept goes by Form 26AS.
But if the details in Form 26AS are wrong or needs to be corrected then you need to contact respective employer/institution.
my company started in august 2017 i was joinng company from the begining of startup now i need form no 16 so my question is that company able to give form 16 to me or not because company not completed even one year of their started?
They can issue Form 16 irrespective of the duration..
sir, kindly make a topic to fill the ITR 2018-19 from form-16.
Dear Mr Reddy,
Please tell me where in the ITR form 2 I should show income from the 60% of the total corpus withdrawn (as per the present rule for FY 2016-17) – and also, how to calculate tax on this amount. I fall in the 10% tax bracket.
Looking forward to hearing from you at your earliest convenience.
Thanking you, in anticipation
Sanjay k srivastava
May I know about which Corpus are you referring to??
I have query regarding my IT return file
1. FORM 16 A and Form 26 AS salery “Total Amount Paid /Credited” is same but the gross Income shows in FORM 16 part B is different which income should be taken for ITR file.
2. I did return file last year for assesment year 2016-17 with gross income as per FORM 16 Part B in sept 2016. let me know it would be possible to rectify ITR return file as per Form 26AS “Total Amount Paid /Credited” income.
Thanks and Regards,
Dear Anil ..You need to consider the amount which is under ‘income from/chargeable from Salary / Pension’.
HI EVERYONE ,
I AM APPLYING FOR BELGIUM VISA REQUIRED 3 YEAR ITR , BUT MY PREVIOUS ORGANISATION NOT SUPPORTING ME FOR GIVING FORM 16 , SHOULD I DOWNLOAD FORM 26AS FROM TDS SITE ,,
IS IT ACCEPTABLE 26AS FORM FOR VISA OR NOT pls reply asap ..
Tuesday is last day for applying
Dear Tushar .. There is no need to attach any document (form 16 or 26AS) with your ITR.
Yes, you may first cross check the TDS details related to your salary between Form 26AS and your payslips. You can then file your ITR based on Form 26AS.
Sir my question is I don’t have my form 16 & Itr ,it’s misplaced , m salaried person , now co pant denied for giving me form 16 ,,can I download form 26AS PAST 3 year & submit for Belgium visa ???
Sir I just want to know about can I uSe form 26AS for Belgium visa or not ..Pls reply asap
Dear Tushar ..I am not aware of Visa rules applicable for Belgium country.
My father got a letter from income tax dept for the FY 2014-15. He has not filed ITR as he do not have a substantial source of income. He is now 69 and the information received on CIB-410 and TDS-194A.
Do we need to file ITR to respond to the letter? if yes any penalty? How to proceed further, please help us.
How the taxable income will be calculated? only with 26AS?
CIB 410 is about : Cash deposit aggregating of Rs 200000 on a day.
You can respond to the notice with appropriate option.
Kindly read: How to reply to notice of non-filing of Income tax return?
I am a senior citizen (66 yrs). NHAI credited certain interest amount on my bonds with my bank on 03.04.2017 i.e., interest earned for the year ending 31.03.2017. This is not reflected in Form 26AS. Since the interest income got credited during FY 2017-18 (though related to FY 2016-17) should I declare this in my current IT return to be filed now or show it as income earned in the next return strictly based on date on which the amount was credited ?
Dear Shan Ji,
Kindly note that Form 26AS will have information about your interest income, only when TDS is deducted on your income.
You may disclose this income in your FY 2016-17 ITR itself, as this interest is accrued for FY 2016-17.
Dear sir we have a small company so for 2 employees need to issue the Form 16 ..so as per the instructions i calculated in Excel sheet so there is No TAX Liable to both the persons .. Now what are the mandatory things to issue to FORM 16 to employee .. what is the complete procedure to make it DONE ,, kindly do the needful sir ..
Dear Kapil ..I am not well aware of Employer side procedures / guidelines. Suggest you to take services of a CA / CS.
Thanks for sharing the informative blog.
The company called Ablaze Info Solutions Pvt. Ltd.- have deducted TDS for 2016-17 via Company Pan No:AAJCA6364R and TAN number : DELA28801D, i am able to see the TDS deposited in 26AS site but the company did not issued the 16A and now the company has got the RAIDED by Income tax Department there are no answer and there wed site is also blocked.
1. is that can we take the credit of TDS deposited in 26AS with out from16A ?
2. how to know the from 16A number that is serial number do we any source since company has been free zed ?
1 – You can take the TDS credit, as it is reflected in your Form 26AS.
2 – I am not sure about this. But, may I know why do you require the Sl no of Form 16A??
I believe we have to fill the details in ITR -2 in tab called TDS in 18c , Unique TDS Certificate Number
do not know is it required or can we leave it blank ?
Then in such a case Form 16A is required.
Is this non-salary income?
Thank you for the reply yea it is non Salary income and sad with out Form 16A we cannot claim ? is there is any way to find out the from 16A number ?
I believe that Unique certificate number is not mandatory in ITR.
Read this article..but its 2015 article..
wow…Thanks a ton sir…you are awesome one stop shop for all Indian Laws .
Thank you dear Dilip ..Keep visiting ReLakhs 🙂
Kindly share the articles with your friends.
Just wanted to understand if we can claim the amount deducted as TDS mentioned on form 26AS for salaried individuals while doing the IT returns for the respective financial year? I mean can that be refunded through TDS claim?
If yes, can you advice on how this has to be done?
Yes, you can claim.
For ex:In case, your declared amount is less than your actual investments, your company might have deducted higher TDS. So, you can claim this as ‘refund‘ while filing your taxes by disclosing the actual investments and re-calculate your tax liability.
Is it true that PAN Card details should be submitted before 26 Jan 2017 for withdrawing EPF of 2016?
Kindly note that EPFO has been asking for a copy of PAN card to process the withdrawal applications for quite sometime..but there is deadline or timeline as such.
Kindly read: EPF withdrawals & new TDS rules.
Could you please guide /share the link related to 24Q & form 27 .
I have wrongly submitted IT returns for AY 2015-16 instead of 2016-17. In 2015-16, I was not working hence there was no income, so I had not filed ITR. Now because of my mistake a demand has been raised by the IT dept. asking me to pay additional tax for 2015-16. Is it possible for me to just change the assessment year from 2015-16 to 2016-17 keeping all other details the same?
How do I go about correcting this? Pls help.
You can RECTIFY your ITR as per the notice. Suggest you to kindly take help of a CA.
FORM 16 SHOWIMG GROSS SALARY 667800 BUT 26AS SHOWING AMOUNT PAID/CREDITED 606000 WHICH ONE I TAKE IN ITR
As indicated in my queries dtd. 05.08.2016 and your reply dtd.06.08.2016,the Bank has indeed accepted their mistake about excess Interest shown in original FORM 16 A and has furnished REVISED FORM 16 A dtd. 10.09.2016 to me on 15.09.2016 with corresponding updation(i.e. correction) in 26AS Form as well.Meanwhile however I submitted my ITR on 20.07.2016 for A.Y. 2016-17 showing the details as furnished by the Bank in original FORM 16A with claim of REFUND.This has since been processed and due REFUND of TAX has been credited to my savings account ,also on 15.09.2016.
My queries are :
(a) Is assessment of my return for A.Y. 2016-17 can be called to be OVER as necessary REFUND has already been made ?
(b)As per Section 139(5),one can submit revised ITR only if (i) he has submitted original ITR within schedule time and (ii) his ITR so submitted is NOT assessed.Now what happens in my case as the submission of REVISED Form 16 A and REFUND by IT appear to almost simultaneous .
(c) The mistake of INFLATING my income is done by the Bank indicating my excess tax liability How can I submit revised ATR if the IT authority claims that my orginal ITR is already assessed and hence I cannot submit revised OTR to claim FURTHER REFUND on the basis of ACTUAL INTEREST INCOME now accepted by the BAnk.
Kindly respond and guide.
Thanking you in earnest anticipaton
Dear dipankar ..You may submit RECTIFIED Return. But suggest you to consult a CA for this.
One small query I have regarding FORM 16, as I have been working in USA on Temporary visa from 2015 Jan, though my salary is generated in INDIA, but it is zero payable, however PF deduction and 80 C is marked in FORM 16 which was provided by my company.
I have not received the actual FORM 16 from government. Should I still fill the returns for assessment year 2015-16.
Kindly note that Form 16 is issue by your employer and not by the Govt.
What is ‘zero payable’?
Is your Residential Status is NRI?
FORM NO. 16
[See rule 31(1)(a)]
Certificate under section 203 of the Income-tax Act, 1961 for tax deducted at source
from income chargeable under the head “Salaries”
*Qualifying amount is mandatory to mention in form 16 or not
9. deduction under Chapter VIA
Gross amount | Deductible amount |Qualifying amount
Qualifying amount mandatory to mention like 1,50,000.My company gave me form 16 but there qualifying amount not mention please guide me ASP.I have to submit this form.
Dear Gaurav ..Not compulsory for Section 80c.
Let me know few things pls..
1) In my previous company I worked for 4months only, And at settlement I got Leave Encashment Rs.5500/- .. Is this taxable or should be exempted??
2) Also got LTA of Rs. 6800/-,and I travelled after leaving the company , I have the FLIGHT TCKTs too.. Should it come into taxable income or exempted?
3) Got medical Allowance Rs.5150/- for 4 months working in their company. If the current employer+last employer’s 5150/- do not cross yearly MEDICAL ALLOWANCE Rs.15,000/-..should it come into my taxable income or exempted?? (Medical bill also provided to current employer while submitting tax)
Kindly help with your tax knowledge..
1 – Kindly read : Leave encashment & income tax implications.
2 – Check with your current employer if you can claim LTA. It is a tax exempt income.
3 – Kindly read : Medical allowance & Medical insurance premium – tax benefits.
My gross pension and interest income from SBIN 0001370 is Rs. 1189743/-
Saving under 80C ( Tax saving MFs + Insurance ) Rs 150000/-
Taxable income from the SBI worksout to be Rs 1039743/-
The form 26AS shows Amount paid/Credited as Rs 1168965/- *
* this amount happens to be mismatch between Form 266AS and From 16 + TDS . Therefore I took up matter with the manager. Since last two months he failed to respond. So I sent Email to SBI authorities as grievances against the bank. I was advised to see manager again informing that the problem was resolved. I gave a copy of the letter dated 01 Aug 16 to the manager . But so far there is no response from him. The last date for e filing IT return has gone. Please advice.
Dear Shabbirhusain ..You could have filed your ITR before due date with whatever information you have. The IT dept goes by your Form 26AS. Kindly file your ITR at the earliest.
Good morning, Please clarify my doubt
1).where to fill the “total amount paid/credited” by the bank (PART-A of 26AS) into the ITR-1 form.
2)How the amount differ from “total amount paid/credited” of (PART-A of 26AS) and ITR-1 form’s ” income from salary(B1)”.
1 – Under the head ‘income from other sources’.
2 – The income can be after deduction of allowances.
thank you sreekanth
Many many Thanks.It is indeed amazing how you manage to attend such huge queries so PROMPTLY.Hats off to you.
Now again thanks for your to the point replies.I am actually concerned to know about the correctness of the total interest said to have been paid by the BANK in F.Y. 2015-16.The amount declared by them vide Form 16A ( which tallies Form 26AS also)is a SUSPECT only because they have given me THREE different figures after 31.03.2016 i.e. after expiry of F.Y. 2015-16.All these different figures must have followed some sort of software.Is it not ?As I am pretty sure about my self-calculation (barring marginal difference between simple and compound interest against deposits in FLEXI account as detailed in my 1st letter),can I not ask the Bank to satisfy me about their own calculation ? Once this total amount is really INFLATED as I strongly feel,Bannk will have to issue REVISED Form 16A a,d then I can file REVISED ITR(as I have filed original ITR already within time) to claim further refund.AM I CORRECT ? KINDLY ADVISE
NOW MAY I HAVE YOUR e-mail ADDRESS as I WANT TO HAVE THE PRIVILEGE OF REQUESTING YOU TO GIDE IN INVESTMENT OF MY DISPOSABLE FUND
Thanking you once again
Please accept my heart-felt thanks for all the trouble you are taking for attending people’s queries.Simply superb and unbelievable !
My query can be understood from following details :
1.I am a retired Central Govt employee and Interest of Bank Deposits are my only ,repeat ONLY,source of income -No pension from the employer,no rental income etc, etc.
2.My BANK has furnished me with FORM 16A (all 4 quaters) in May,2016 indicating Rs. 477391.37 as INTEREST paid and TDS amount as Rs. 42882.00 for the F.Y.2015-16.These figures tally with Form 26AS also and accordingly I have filed my IT Return for AY 2016-17 last month indicating this Rs.477391.37 (plus other income like saving account interest and interest income FD of another Bank,Post Office Deposit interest etc) as my income.After allowing rebate U/S 80 C,87A etc.,I claimed a refund of about Rs. 25000.00
3.Now INTEREST on my deposit with the Bank (in one bank and one branch only where all my deposits are kept)includes interest on FDs,RDs and one FLEXI A/c(where deposits are automatically taken as FIXED while allowing withdrawal if required).My calculation on interest on all such instruments comes to Rs. 420204.81 only.So there is a huge EXCESS interest (=Rs.477391.37-420204.81=Rs.57186.56)claimed to have been paid by the BANK.As the interest on FDs and RDs are easily calculable,the same is not that easy for the FLEXI account.In fact I have calculated the interest on FLEXI account taking simple interest only ,ignoring compounding effect.So my self-calculation of accruable interest of Rs. 420204.81 as mentioned above may be marginally lower but not to the extent of Rs. 57186.56 ! I religiously paid income-tax on all accrued interest on FDs and RDs in the past years as I have developed my own method of calculating yearly interest on such instruments and which exactly tallies with the Bank’s values.Only interest part of FLEXI account leaves some scope for difference to occur between my self-calculation and the Bank’s.But not to the extent of Rs. 57186.81.
When approached, the Bank has given different statements showing different amount of INTEREST PAID.Statement dtd. 29.03.2016 and 22.04.2016 show that the total interest paid as Rs.384059.99,the statement dtd. 26.05.2016 indicates the same as Rs. 405772.41 WHILE FORM 16A ( issued during the same time i.e. May,2016)indicates the same as Rs. 477391.37 !Total interest paid as shown in these statements include interest paid against ALL DEPOSITS(FDs+RDs +FLEXI Deposits) and it is found that my self-calculation of interest on FDs and RDs almost tally with those shown by the bank.
My queries now are:
(a) BANKs must have their own software to calculate the accrued TAX on all sorts of deposits including the FLEXI account .What happens if there is a mistake ?.Are not they liable to issue revised 16A Form ?
(b) Do such issue of revised 16A Form automatically get reflected in 26AS. Otherewise how FORM 26AS will stand rectified ?
(c) Once I get such revised FORM 16 A from the Bank,can I submit revised ITR for claiming FURTHER REFUND ?
(d) Is there any different way to solve my problem of excess credit of INTEREST shown by the BANK as this have increased my TAX liability?
Thanking you in earnest anticipation AND WISHING YOU A VERY VERY HAPPY PROSPEROUS LIFE
DIPANKAR ROY CHOWDHURY
Dear dipankar Ji,
Thank you so much for your kind words and wishes.
a – Banks are liable to correct TDS details (if any discrepancies).
b – Yes.
c – Yes. If you have filed your original ITR within due date.
d – It depends on who is correct in calculation 🙂 But I believe we can trust their software.
1) I am filing my FY201415 returns now. I note that I have not claimed any HRA exemption as per Form 16. When I claim it now, I am getting a returns of 12000/-. Will II department reimburse this differential or will I have to forego it since it is delayed filing?
2) In my FY201516 Form 16, the HRA exemption is shown less than actuals (5 out of 12 months) as I did not submit all rent receipts to company. Can I claim the remaining months also now?
Also, if I claim entries like this which are not shown in Form 16, do I have to attach the receipts while submitting to IT department?
1 – Have to forego.
2 – Yes.
3 – No, not required.
First of all let me appreciate you for the time you are spending in clearing all the queries and comments. Coming to my query I have received the Form 16 and 16 A from my employer and I have seen that the income chargeable under the head salaries is 321595 for the 4 months period. But in the 26 AS I saw that under Part A “Amount Paid/Credited” is Rs 76730 only. I am really confused how this 76730 figure comes. Can you please comment on this. My second question is During IT return I should consider this 76730 or the income under the head salaries.
Form 26AS has salary income which is after the deduction of applicable allowances u/s 10 (HRA/Medical allowances etc).
You need to consider ‘income chargeable from salary’.
during filling ITR for 2016-2017, one of the column of TDS deducted year showing year list upto 2015 but TDS deducted from bank as interest credit on 31st march 2016. weather i should select option OF deducted year 2015 ?
Dear MUKESH ..Yes, it is applicable for FY 2015-16.
Dear srikanth sir,
I am working as a govt teacher in andhra pradesh. My tax is deducted in my salary in feb-2016. But the deducted tasx is not displayed in FORM -26. How can I submit my EFIILING through online. What is the solution? How it is rectified? and my friend payed advance tax in JAN-16. But his deducted advance taqx amount are also not displayed in FORM-26. what we do …pl reply
If your employer has deducted TDS and if it is not reflected in your Form 26AS then kindly contact your employer for rectification.
I work for a company as a software consultant and i received From 16A from the company and Total amount paid is
Rs 1060000; in this 10% TDS is deducted 106000
my question is now i have only Form 16A – which ITR form i need to fill
Will get tax exemption for my house rent , travel expenses , mobile bills , medical expenses ? under which section?
should i need all receipts for these?
i have a investment under section 80c around 150000 (Insurance, ELSS, ULIP)
i have a NPS account where i invested 25000. – so here can i claim 150000(Insurance) + 25000 (NPS) = 175000
by showing all these expenses and investment can i claim re-fund for the TDS deducted?
It’s Form-16 and form 16A.
Have you already submitted the investment/expenses proofs to your employer during the previous FY (2015-16)?
Are these been already accounted for in your Form 16?
NPS can be claimed under section 80CCD (1b).
List of income tax deductions FY 2016-16.
Income tax declaration & investment proofs.
I am a consultant / freelancer i received only Form 16A where TDS of Rs 106000 is deducted.
is a individual i have done investments . i am not a salaried employee.
All my investments and expenses are not accounted anywhere. Now while filing my returns in which ITR form do i fill and add these investments and expenses details and will i get re-fund.
You can deduct certain amount of expenses and investments (tax deductions) from your revenues.
You have to prepare Profit & Loss statement.
Kindly consider filing ITR 4 form. Suggest you to consult a CA.
In 2009 I worked for two companies and I filed the tax also accordingly but that time I didn’t check my form 26AS. I had filed the tax based on the Form 16 from both employers.
Now I got the notification from Income Tax department that there is outstanding demand against AY 2009-10. When I checked I got to know that one of the employer tax deposited to IT Dept is not reflecting in Form 26AS. However, same tax is mentioned in Form 16 with all dates and challen numbers. Which means that tax was deposited from my employer to IT Dept.
How to handle such case?
Thanks in advance.
You need to contact your employer and find out if they have actually deposited the amount or not.
Suggest you to respond to the notice by submitting your salary statement (Form-16). That statement is proof in itself that you are not liable for your tax liability upto the amount deducted by your employer.
You can also write to your jurisdictional Assessing officer (AO) with the details of the matter.
My bank has deducted the TDS for my joint RD account (with my father) this year and shown my PAN number instead of my father’s PAN. Bank has also accepted this error and now planning to file revised TDS for my account.
Bank says that once they will release new form 16A for my account it will automatically reflect in my form 26A and TDS2 section will automatically deleted from my ITR.
My question to you is that do you know how much time it takes generally for a bank to file revised TDS and after revision how much time it will take to reflect in my 26A?
These days, TDS returns are filed online and this process should not take very long.
You may request your banker to do this online.
My bank has corrected the TDS via online and they issued updated form 16A and now same is reflecting in my form 26AS as well, as I can see the reversed corrected entries.
But as old entry in TDS-2 section is still showing in my ITR, Should I wait for IT department to correct it (may in a day or two) or should I manually delete the TDS-2 entry from my ITR?
ITR has to be corrected/revised by you and the IT dept will not correct your assessment.
You can file revised return (if you have already filed ITR AY 2016-17) and claim refund (if any).
Hi Srikanth, Nitin,
I am facing a similar problem, with the Bank filing my wife’s TDS under my PAN instead of her PAN. My Wife is primary account holder and I am joint holder. The FD is registered in her name against my PAN. The Bank manager says he is not aware of the procedure for revised TDS submission. Can you let me know the detailed procedure which Bank should follow to submit revised TDS with PAN correction.
Thanks & Best Regards,
Dear Sudeendra ..Suggest you to ask your banker to do online revision of TDS, if they do not know the procedure they have to make an effort to know and provide the service to the customers.
If they do not respond, you may escalate the issue.
Hi Sreekanth, when I looked at last few years Form 26AS, a bank FD related tax deduction (10%) is shown along with TDS from Salary. How can I correct all these years submitted returns as I fall under 30% tax bracket? I am not sure from when TRACES system came into place as so far I was using help of a consultant to pay taxes. Are there any implications if I ignore all the previous submissions from 2009. Also, I did not file returns for few years before that as I did not need to pay any additional tax than TDS. Should I dig those and file in some way?
Dear Ravi ..Suggest you to kindly take help of a CA and get this sorted out ASAP.
Hi, I worked for two companies in the last financial year. My first employer has deducted the required TDS, while my second employer has not deducted any as the income was less than 250000 for that period. Now while filing ITR, should I consider this too? How will I file ITR if I have two forms 16s. How will i do the consolidation of two form 16s? When I simply add both incomes and deductions and since there was no tax deduction during my second employoment, my tax liability comes to about Rs. 55000 for an income of rs. 247000. I am not sure how to validate this. Could you help me out in this?
Yes, you need to add both salary incomes and claim tax deductions. Also, provide your TDS details (Company 1) in ‘taxes paid & verification’ sheet and then re-calculate your tax liability.
I am a central govt retired employee receiving pension from state bank of India which amounts to less than 250000 for a year.i m trying to file IT returns but confused with the details of the TAN number to be provided whether it has to be the employer from where I retired or should it be the SBI bank branch from where I am receiving pension?
Thanks in advance .
Dear Divya Ji ..Any TDS been deducted by SBI? If yes, then you can provide the details of SBI’s.
You can find this information in your Form 26AS too.
I quit my job in 2013, and am living on interest income from some coop societies, which do not deduct tax at source. However, when i put 0 in schedule TDS2 of ITR1 , it wants some TAN number, and i am unable to submit. Kindly guide me on how to proceed. Also i ha, ve damaged my phone. so unable to do via netbanking, since the other option is thru’ EVC,(using email id), i thought i’d use that option. Kindly guide me on how to do that after submitting, incase i am able to do it. (Fist time e-filer-earlier a TRP did it)
thanx in adv
IF there is no TDS, do not key in any figure.
Kindly note that interest income is taxable, you need to include it under the head ‘ income from other sources’.
If you are unable to avail e-verification provision, you can still send ITR V-physical copy to CPC Bangalore address.
My employer has included transfer grant and cash medical benefit in my income which is reflecting in form 6AS. Since both of these are non taxable, both have been deducted from my income in Form 16 . Hence, my income in form 6AS is more than my form 16 income. Should I request my employer to file revised return or is it ok for me to show income as per form 16 in my TDS return.
Dear Kirti ..I am unable to understand your query, kindly rephrase your query.
My employer wrongly increase my salary in form 16, can i get the revised form 16.
Dear Harry ..Yes you can request your employer to rectify and re-issue the Form-16. Also, get the TDS (if any) details corrected and make sure correct figures are reflected in your Form 26AS also.
My current employer deducted tax amount from my salary but it is not showing in Form 26AS.
Both fiscal year 2014/15 & 2015/16.
I have the TAN number of the Deductor.
What to do ?
Dear Aman ..Kindly check with your employer immediately and request them to rectify it.
My name is Anshul Aggarwal and I work as a professional, I was giving my professional services(music) in a trust with bill. they paid me my amount after deducting TDS.
now a year has been completed and I want to file ITR to get my deducted amount back.
I tried it on e filling portal but not able to get Form 4. what should I do. If i doing this with upload return then it is asking to upload ITR XML file. and i don’t know from where to get it.
please help me.
You first have to download the ITR -4 excel utility, prepare your tax return and then upload the XML file.
If you are not comfortable doing it for yourself or this is the first time experience then suggest you to get this done through a CA/tax expert.
I worked in my company till 3rd March and my form 16 shows the same. However, income earned in Form 16 and deductions are till month of January.
Now I got my full and final settlement in form of arrears in April last week, with TDS being shown as deducted for last FY. This full and final settlement also has leave encashment which is tax deductible . So wanted to understand if I file my tax returns as per form 16 and 26AS which are similar and file returns for arrears in this FY ie 2016-17
Yes, you may do so.
Read: Leave encashment & tax implications.
I have been deducted TDS @10% already deducted from my bank towards fd. my income comes in 30% slab. if I enter total income from interest (in the income from other sources) while efiling ,it automatically calculates tax @ 30% +cess @3%, while 10% is already deducted. where to adjust this 10% and cess on that.
You can provide the already deducted TDS details in ‘taxes paid & verification’ sheet to account for this 10%, so effectively you will pay for the balance tax dues.
I am an H.P. Govt. employee. Can I obtain Form 16 online? If yes, how?
Dear Raj Dhar..Kindly check with your employer.
Hi, my income shown in Form 26AS is less than the Gross Salary reported in Form 16. Can you please let me know if I can edit the pre-filled “Income Under Salary” (under Sch TDS1) while filing IT return to match the salary reported in Form 16?
It is just a warning you can submit your ITR. This is because your employer might have reported your gross salary in the TDS section which is higher than what you have filled in the Income from Salaries. To fix this , just modify the TDS sheet column 4 and change the amount to what is there in the Income chargeable under the head salaries in Form 16(pt 6) .
Is it legal to do change manually in TDS1?
There is a warning message that Income chargeable under head salaries cannot be less than 90% of Salary shown in AS-26 form.
Dear Gagan..Suggest you to kindly go through this article, click here..
I really appreciate your commitment and patience in answering the queries posted in the blog. Great job!
While going through form 26AS, I saw that there is an entry of Rs. 1703/- paid by my bank. I had started 3 RDs in 2014 which matured in February,2016. I generated my Form 16A from my bank which had the below mentioned details:
Q4-Amount of Tax Deposited/Remitted in respect of Deductee -Rs.684/-
Tax is deducted on Rs.17026 at applicable rates which includes interest paid in the previous quarters amounting to Rs. 10182.
1. Do I need to enter Rs. 17026 as income from other sources while filing ITR or not? (I do not have any other data to cross check the amount of Rs. 17026 given by my bank)
2. I am unable to find form 16A for other quarters for which the bank has mentioned that I have accrued an interest of Rs. 10182/-. Is that how it is done or do I need to request the bank to give me any other forms pertaining to this amount of Rs 10182?
3. I had my RDs from Oct 2014 to Feb 201 (15 months). Since there are 2 financial years involved, is it okay for the bank to cut tax on my total interest accrued over the past 2 years?
Your help would be greatly appreciated. This is the first time I am dealing with this scenario, hence some questions may seem trivial. Thank you for your patience.
1 – Yes.
2 – You can request form 16A (if required) for the entire Financial Year. If you can not get it then you have to manually look for interest transactions bank statements to find out about interest payments.
3 – Yes. Kindly read: RDs/FDs & tax implications.
Thanks Sreekanth for your valuable time and help. Another query I have is as below:
While adding 17026 as income from other sources, my Rebate u/s 87A is becoming zero (initially this was 2000). Could you please help me understand why?
You are eligible to take credit under section 87A if your total income after chapter VIA tax deductions do not exceeded 5 lakhs, in such you can get tax rebate up to Rs.2000 (this has been increased to Rs 5,000 from AY 2017-18).
So, your taxable income might have crossed Rs 5 Lakh and hence no rebate u/s 87A is not allowed.
WHAT IS THE SIGNIFICANCE OF PART A2 OF 26 AS.
I HAVE BOOKED ONE FLAT IN SUBVENTION SCHEME. COST OF THE FLAT IS 60 LAKH.
I PAID 10% AND 80% FINANCED BY FINANCIAL INSTITUTION.
THEY PAID THEM 49 LAKH. WHETHER I HAVE TO DEDUCT ANY TAX AS PER 26AS PART A2 AND TO BE DEPOSITED TO INCOME TAX DEPTT.
Dear S Kumar..Are you referring to Form 26QB ?
In case of sale of property of more than Rs 50 lakh, the purchaser deducts TDS at the rate of 1 per cent from the payment made to the seller. After deducting the TDS, the purchaser files Form 26QB with Income Tax Department in which the purchaser informs the amount of sales considerations & TDS deducted along with the names & PAN of the parties involved in the transaction.
my question is related to this query only. For Flat above Rs. 50 lacs, I am filling form 26QB each time when builder is raising a demand (total 7 times for 2015-2016), and submitting Govt. 1% of BSP. Then I am downloading form 16B from TRACES and giving to my builder for record. My form 26AS shows those all those 7 times tax submitted to govt. I have form 16B for all instances. Now query is How to file or Show them while fillinf ITR? as the form 26AS is showing all those entries in partF (detailes of tax deducted at source on sale of immovable property (for buyer of property). Please help how to file ITR for this?
Dear Rakesh.. The Seller will show the TDS not the buyer.
But then why it’s showing under my 26AS form…
Also I have another query – I donated 1 day of my salary to Nepal victims last year and same is shown in deductions in my form 16 . Now while I am putting that in 80G it’s asking for details of the scheme,TAN etc which I don’t have and I have changed my company earlier this year. How to put that in ITR 1?
Dear jaspreet ..You have to get the TAN details from the organization that you have made the donation.
1. Is Gratuity money received post retirement taxable?
2.Is Leave encashment amount taxable?
1 – In case of Government Employees the entire gratuity amount that he/she receives on retirement or on death is exempted from paying any Income tax.
Kindly read: Gratuity benefit amount & income tax implications.
2 – Read: Leave encashment & income tax implications.
tax is being deduction on rent being paid by tenant. this tds is not being correctly posted by the tenant and hence form 26as is not showing correct tds. tenant is not cooperating in correcting 26as. what is the remedy.
Dear bnkhanna ..Kindly consult a Chartered accountant.
I have joined new company in Feb. My 2nd company has not deducted any TDS for 2 months (Feb and Mar) as the income is under limit. I’ve downloaded 26AS from TRACES where its showing only my 1st company TDS. My question is if my 26AS is showing only company-1 (10 months) then do we need to consider company-2 while ITR?How it get reflected in 26AS.Why it is neccessary to add the 2month income while filling ITR.what benefit i get by doing so…
what is harm to not additing the 2 month salary income while filling ITR return and how can be it get trace.Please some one resolve my Query
It is your responsibility (legally) to add your income and pay the taxes (if any).
I have some doubt,
Below is the details and doubt.
9. Details of Tax
a) Tax Deducted from Salary of Employee u/s 192(1) : 19,532.00
b) Tax Paid by Employer on behalf of Employee u/s 192(1A) : 0.00
c) Total Tax Paid : 19,532.00
INCOME CHARGEABLE UNDER THE HEAD ‘SALARIES’ ( 3-5 ): 611,112.07
Aggregate of deductible amounts under chapter VI-A: 151,490.45
Total income (8-10 ): 459,620.00
Tax on total income:20,962.00
Rebate u/s 87A (for income upto Rs 5,00,000/-): 2,000.00
Tax Payable after rebate u/s 87A : 18,962.00
Surcharge (@ 12% on tax at S. No. 14 : 0
Education Cess @ 3% (on tax computed at S.No. 14+15): 569.00
Tax Payable (14+15+16) : 19,532.00
Based on above details.. The total amt
missed question : Based on above details .. what is the tax amt I have to pay while filing return….
Dear salman ..Your tax liability is Rs 19,532. But if your employer has already deducted it then your tax dues are NIL.
I am filling my return ITR1
Can you pls let me know which figure to be entered in TDS under ” Income under Salary” ?
As per Part A of form 16 (Amount paid/credited)
Gross Total Income from PartB
Dear Sanjay ..’income chargeable under the head salaries’ has to be considered.
I had a fixed deposit which gave me an interest NOT exceeding 10K.But in the form 26AS it has got reported under section “PART A – Details of Tax Deducted at Source” where the total amount paid/credicted shows the interest amount (which is less than 10K) and total tax deducted as zero.
Now I have been advised by my auditor to pay tax for the interest amount as it had been reported in Form 26as eventhough no TDS deducted.
I would like to understand why was this entry found in the first place when NO TDS was necessary to be deduced.
Kindly note that interest income on FDs/RDs is taxable even if TDS is not deducted. It has to be added to your taxable income and you have to calculate the tax liability accordingly. No TDS does not mean no TAXES.
TDS & Misconceptions..
As a retired person, I have interest income from FD’s. But as Form 15H is submitted no tax is deducted. Now while filling IT returns, I have mentioned the income from other sources. But what would come in TDS-2 as I have no Form 16A issued by my bank? The TDS2 section has some default TAN and bank details. Should I remove it and then proceed ahead?
In this case, TDS details are not required. But you have to add your FD interest income as ‘income from other sources’ which you have rightly done. Kindly proceed.
Thanks very much for your clarification.I am fully aware of the details you have shared.
My queries are
1.I believe Form26AS contains details only when TDS is deducted.All my earlier 26AS looks so.Please confirm my understanding.
2.Having had deposits in four banks, where the TDS does not exceed 10K for a financial year, surprisingly only one bank details for the interest credited was mentioned that too under PART A “Details of Tax deducted at source”,when no TDS was deducted. So is there any change in process, to have details listed on interest credit too (irrespective of TDS deducted or not).If at all, all bank interest credit details were found, I would not have asked this query.
Please kindly clarify.
I have joined new company in Feb. My 2nd company has not deducted any TDS for 2 months (Feb and Mar) as the income is under limit. I’ve downloaded 26AS from TRACES where its showing only my 1st company TDS. My question is if my 26AS is showing only company-1 (10 months) then do we need to consider company-2 while ITR?
Dear Satya ..Of course YES. You have to include the Salary of Feb & Mar along with the earlier months and calculate your Tax liability.
I joined my previous employer in June 2014. There was a joining bonus of 3 lakhs subject to staying in the company for 2 years. I received 240,000 after deduction of tax.
I left my previous employer on Feb,2015 and they recovered the full amount of 3 lakhs from me upon my exit.
In my form 16 for the FY 2014-15, they did not reflect the bonus amounts since they only began my processing in April, 2015.
Now for FY 2015-16, they have given me a form 16, which has Rs 3 lakh under the head “Salary as per provisions contained in sec.17(1)” and negative (-3 lakhs) under the head of “Profits in lieu of salary under section 17(3) ( as per Form No.12BA wherever applicable )”
Kindly help me how can I file this along with the normal Form 16 from my current employer to receive that 60,000 that was deducted as tax from the joining bonus
As the bonus amount has been returned to them in the same financial year, the TDS amount that has been deducted can be claimed as REFUND (if any) or adjusted with tax liability (if any).
While filing your Income Tax Return you can show this TDS transaction details in the ‘taxes paid & verification’ sheet/section and calculate your tax liability accordingly.
Thanks for the reply.
Do you mean to say that I can claim the same under the Tax Details under SC TD S2-Details of tax deducted at source from income other than salary
In here I would have to put in the TAN and name of the deducter (My ex-employer) and the unique TDS certificate number (which I can get it from the form 16)
Is this correct? What additional documents do i need to submit with it ?
It is under the head ‘income from salary’ only (Kindly check your Form 16).
There is no additional documents to submit along with ITR.
In my Form 26AS, it shows multiple deductions from a company under section 194IB & 194H. However, I am neither aware of this company nor I have any income from there. While filing my ITR(1), on Tax Details tab it shows this company under Sch TDS 2. Even if I do not select this option, it says I’l be entitled for some refund! What should I do in this case?
These are related to TDS for renting out ‘Plant & machinery’ & ‘Land & building’.
Probably by mistake the entries would have reflected in your Form 26AS.
In case there are unknown TDS/TCS credits, one should intimate the tax deductor / collector for necessary rectification.
We have Received from Kotak Mahindra Bank Form 16 A ,Regarding the interest other than interest on Securities . How to enter the Entry In Tally 9
There is mismatch in my form 16 and 26AS.
TDS shown in form 16 amounts to Rs. 4655/-(for all 4 quarters). Details of this have been shown in it in appendix 2 of form 16 and Bank Challan number, receipt number and BSR code etc.) is also given
in Form 16 (TRACES) only tax of 4th quarter is shown.
Also in my form 26AS TDS of only 4th quarter is shown and not of all the 4 quarters.
How do I get it rectified or should I file my e return and mention the bank challan number and other details as shown in appendix 2 of form 16?
Dear piyush..Kindly first check with your employer. If the fault is from your employer side then they may have to issue revised/rectified Form -1 6.
Else you can file your ITR based on Form 26As details.
I got pension as school teacher. My pension is 237920 arrears from previous job is 17136 total of these two is 255056 And interest on F.D is 110210 as other income. Hence my total income is 365266 My saving under is 80C is 110424. My taxable income remains 254842. Which is not taxable as i am a senior citizen. Now my query is My pension amount is 237920 and bank has not issued any form 16 and also not reflected in Form 26AS. In ITR1 i have to show income under B1 pension as 237920. But while filling Sch TDS1 it does not show any such income. How can i show my pension income in Sch TDS1. If i write manually i have not any TAN number of employer. Because i draw pension from the Bank not from any department. My second query is my employer is Govt or Public Sector, private or N.A
Dear Sudesh..Kindly take help of a CA and file your income tax return.
I have received my Form 16 from the employer however I do have FD interest in 2015. I don’t have any details of bank to fill in TDS2. Where can I get these details to show the interest income and tax deducted?
And where I can get my form 26A.
If TDS has been deducted by you bank then you can find TDS related details in your Form 26AS.
IF TDS has not been deducted, you can just show the interest income under the head ‘income from other sources’.
I got pension as school teacher. My pension is 237920 arrears from previous job is 17136 total of these two is 255056 And interest on F.D is 110210 as other income. Hence my total income is 365266 My saving under is 80C is 110424. My taxable income remains 254842. Which is not taxable as i am a senior citizen. Now my query is My pension amount is 237920 and bank has not issued any form 16 and also not reflected in Form 26AS. In ITR1 i have to show income under B1 pension as 237920. But while filling Sch TDS1 it does not show any such income. If i write manually i have not any TAN number of employer. Because i draw pension from the Bank not from any department. My second query is my employer is Govt or Public Sector, private or N.A
Which figure should be filled in ITR against “Salary” if Form 16 Part A gives “amount paid/credited” is different than what is shown in Form16PartB? Form26AS indicates the amount paid same as that shown in Form16PartA, but not as given in Form16PqrtB. This type of discrepancy has been noted in certificates being issued to employees those who retired during the financial year against their leave encashment , a seri e that now most Govt Undertaking has outsourced to LIC . Please respond as early as possible.
I am facing one problem in filling ITR 1. As per Form 16 total tax deducted is 52700 and as per form 26AS the same amount is submitted as income tax. But when I open ITR 1 it shows only Rs 22107 as tax deposited. How to get it rectified.
Dear Amit..Have you entered all the TDS entries in your ITR1?
I haven’t entered any TDS entry in ITR1, its coming there automatically. Rs 22107 is the tax of the first three quarters. the tax submitted in the last quarter is not getting reflected in ITR1 while it is there in form 26AS.
In 26AS amount reflected under Income Credited is similar to amount Gross Salary in Form-16.
However as an employee we get some benefits of perquisites u/s 17 and allowances u/s 10, so employer deduct those benefits form our Gross Salary and then we get Net Salary.
From that Net Salary Employer deduct Professional Tax of Rs.2500.
Then we get Income from Salary or Income chargeable under head Salary.
And we calculate tax liability on this amount. (assume there is no other income, IFHP,IFCG)
So while filing ITR1 we have to take figure Income chargeable under head Salary. instead of figure from 26AS.
If we take figure from 26AS always individual has to pay Tax Liability.
Please Correct if I am wrong.
Dear Nilesh..Yes, we have to consider ‘income chargeable under Salary head’.
Question – Form 16A is only for interest income from FDs and RDs right? Interest earned on S/B and current account does not reflect in form 16A. Kindly confirm. The reason I’m asking this question is because I find some form 16A from certain banks showing interest paid with nil TDS. Since there was no 15G submitted I expected all entries in form 16A to have TDS
Kindly note that Interest from bank savings account is taxable, even though there is no tax deduction at source (TDS). One has to include this income under the head ‘income from other sources’ while calculation the tax liability.
Also, note that Interest on savings bank account is not taxable to the extent of Rs 10,000. Beyond that the balance amount is taxable.
Thanks Sreekanth for your prompt response.
So, to understand this right.. Form 16A only involves income for which TDS is deducted hence income from savings account will not be reflected in Form 16A. Is my understanding correct?
To calculate income from savings account the only source in the monthly/quarterly bank statements?
Dear Vani..Yes, your understanding is correct.
Hi Srikanth sir my salary was 2,450000 on fin yr 15-16 so no form 16.Previous year I had 1 rip and 1 VRD w/o pan card.so TDs on deposit on March 31 was debited 1698 and 698 in my rip and vrd not from my salary.i asked my abm and BM they said by form 16 u can reverse.but sofar I didn’t get form 16.i asked salary site in phone they said form 16 only for TDs in salary not in deposit.i asked them about 16a.if I get form 16a means,can I recover that TDs by using form 16a?By siva
If you are referring to REFUND of TDS, you can disclose tds paid details in income tax return and claim REFUND amount.
The article has been very helpful in understanding the Form 16. I am having a problem with the total income values mentioned in Part A and Part B of form 16. Form 26as also has the same amount as mentioned in part A. But amount mentioned in Part B is less than amount mentioned in Part A and the actual tax deducted (as per 26as and Part A) are more than the tax which should have been deducted for the amount mentioned in Part B.
When I am filing the ITR1, which amount should be mentioned in the income filed? The amount from Part A or Part B? When I prefill the form from PAN details, the amount mentioned in Part A appears in the tab. Should I change this also if I am filling the value from part B? Or should I just use the amount mentioned in Part A?
Thanks and Regards,
Dear Subin ..The difference is due to deduction of eligible allowances (like HRA etc.,). You may kindly refer to form 26AS and accordingly fill the ITR and calculate the tax liability.
My Form 26as contains Cumulative TDS as -6000, What does this means?
MY CLIENT , SHE IS WORK IN THE SCHOOL AND TAX IS DEDUCTED HER NET SALARY IS RS. 506230(FROM SCHOOL) ON WHICH 27033/- TAX IS DEDUCTED NO REFUND . BUT WHEN I CHECKED THE 26AS FORM, BANK INT IS BEING SHOWN RS.82830/- ON WHICH 9278/- TAX IS DEDUCTED , BUT WHILE FILLING THE RETURN I NEED TO SHOW BOTH THE INCOMES (INCOME FROM SALARY +IN COME FROM OTHER SOURCES )THEN THE NET SALARY INCREASES TO 589060/- (506230+82830), ON WHICH SHE IS GETTING TAX OF RS 44096/- OUT WHICH 36311/- IS ALREADY DEDUCTED (27033+9278) .SO SHE IS LIABLE TO PAY THE REMAINING BALANCE 7785/-(44096-36311). WHAT IF I DONT SHOW THE INCOME FROM OTHER SOURCES ?, AND IF IS SHOW THAT BALANCE OF 7785/- HAS TO BE PAID AS SELF ASSESSMENT?
Dear VIOLET ..Kindly do not suggest so. She has to show the income from other sources (it is already reflected on Form 26AS) and file the the tax return accordingly.
i have some descripency in Form 26AS and TDS (Form 16). what details i have to fill in return form. please help me
Dear vasavadatta..If that discrepancy is due to your employer’s mistake then you have to contact your Employer and request for rectified/revised Form 16.
Thanks for your useful information and guidance . I had one query can you please clarify .
I received two quarterly Form 16A from my bank ,one for NOV-DEC and JAN-MAR for my FD with TDS 590 and 700
Now while e-filing IT, under Unique TDS Certificate No which number to put against total TDS amount 1290.
Thanks in advance.
Dear SaiChandra..You can enter two separate entries in TDS Schedule.
Hi Sreekanth thank you very much for clarification.
Can you please also let me know what amount to be filled under Sch TDS1 for “Income Under Salary” field whether it should be Gross Salary or INCOME CHARGEABLE UNDER THE HEAD “SALARIES”(3-5) which I filled in B1 – Income from Salary/Pension i.e after deductions .
Dear SaiChandra..It is ‘income chargeable under salary’.
Ok means Salary after deductions correct? But in my case that field is auto populated with amount in Form 16 (i.e Gross Salary without any deductions).
Please help me how to proceed further ….
Also thanks for your advices ,I learnt many things from your site 🙂 which helping me in financial aspects though i am not CA.
Dear SaiChandra..I believe that whatever amount mentioned in cell B1 is to be provided in TDS schedule.
Thanks Sreekanth for clarification.
Please continue the posts which helps others for understanding financial topics and all the best .
I work in an state university and take regular and part time classes. I have received form 16 for my regular salary and form 16A for the part time class remuneration. The form 16A shows the entire TDS deposited by the university. How will my TAX of form 16 A match with entire amount. I am unable to file the returns for this. please guide me.
What do you mean by ‘ How will my TAX of form 16 A match with entire amount?’.
You can provide entire TDS details while filing your ITR and you can also claim Refund (if any).
My bank has given me wrong Form 16 which was showing higher interest paid to me and higher TDS as compared to what was shown in 26AS. I filed the return on the basis of Form 16 and filed the return by paying the Tax. Had I filed the return on the basis of 26AS, I would have paid less tax because by taking into account 26AS I was in 10% slab only but since I filed the return on the basis of Form 16 provided by the Bank, my slab has gone up to 20%. Though I have paid higher tax, shall I still get a notice from IT Deptt OR do you suggest any remedial action to this. I am not keen to take refund of higher tax paid by me.
Believe it is Form 16A.
You may not get any notice. However you may ask your banker to issue revised Form 16A and accordingly you can file ‘Revised return’ and get the refund (if you want it so).
I am salaried Employee My Employer deduct my tax at actual based on salary. Now I have no any due.
Another one Form 16A Received from Bank It Deducts TDS On 1322 on the Interest Amount 13216.
Now My Question Is Shall I Have to show Form 16A Amount In E Filing Under The Income From Other Source.
If Yes Then There is 40 Rs Tax Due On Me Because On 13216 @10% 1322 & On 3% Cess On 1322 is 40.
This Is Shown In The ITR Utility Which I have filed .
How I Pay 40 Rs Or not Necessary
Waiting for Your Valuable Reply.
Dear Suryakant..Besides this, what is your tax liability (total TDS for the FY)?
All dues are paid. but at time of filing itr it shows 40 tax paybale. what to do.
is it necessary fo pay 40 rs if yes then how
Dear Suryakant..If all dues are paid, ideally it should not show the balance Rs 40.
Mr. Patil Obtain a Form no 16 from your employer . The income from salary is the amount after considering all sorts of allowances (exempted/taxable). Now this above stated amount should be disclosed in efiling u/h Income From Salary. Disclose your Interest Income u/h Income from Other Sources. Now claim all the deductions like Pmt to PF etc under chapter VI and now see what is your tax liability.
what is to be done with arrear of last year given in form 16
Dear Pankaj..Kindly use this calculator ..click here..
I left company A and joined another company B. Company A overpaid me amount X and later they recovered amount X in 4th quarter. In Form 16 issued by A, the GROSS salary is reduced by X but in 26AS or in Form16 PART-A (Traces) the Amount paid/credited still shows the original salary paid i.e. in 26As, X is not deducted. Company X says that they cannot show negative income for 4th quarter and hence 26As is not updated. So, in this case how do I claim tax refund for recovery amount X. Should I fill the Gross salary mentioned in Form16 in my IT return s or should I show recovered amount X as loss (negative income). Your reply will be highly appreciated. Thanks.
Tricky one. Your employer (deductor) has to rectify the entry so that the same can be reflected in Form 26AS. If they are not doing so you may call the customer care of TRACES and inform about the same.
Address: TIN Call Centre, National Securities Depository Limited, 3rd Floor, Sapphire Chambers, Near Baner Telephone Exchange, Baner, Pune – 411 045.
Tel: 020 – 2721 8080.
Fax: 020 – 2721 8081.
Thanks a lot for your answer. I will again check with my old company X. However, they said that the quarterly income cannot be negative and hence the recovered amount was not updated in 26As. Is this explanation correct/true ? They asked me to use Part-B of Form-16 to correct my income while filing IT returns. I will also check with TIN Call centre to see if they can update my income as per Part-B of Form-16.
One last question: I should file the recovery amount as income loss or I just decrease my actual income by recovery amount while filing IT returns. Thanks a lot for your help.
The ITD goes by Form 26AS. In case if you lower your income and file ITR, your returns might be processed. But there are chances to get ‘compliance notice’ etc from the ITD. If you get it you have to show the documentary proof and justify yourself.
Hi Sreekanth, RJ,
I have the exact problem where the “Total Amount Paid/Credited” in Form 26 AS is X+Y where the employer recovered Y back. So, effectively my income is only X.
Now, if I reduce my income and show it in ITR, I will have a mismatch in “Intimation U/S 143(1)”. This will have higher income.
Is there anyway I can file a rectification to inform the IT Dept that my salary was lesser ? I do not want to get a ‘Compliance Notice’, rather submit the documents upfront ?
Can you please answer what RJ has asked if I can file the Y amount as “income loss ” ?
If your employer has not yet rectified the Form-16 and if your Form 26AS is still not reflecting correct TDS, suggest you to file the ITR as per the X+Y figure and you may then REVISE your ITR once you have corrected Form 26AS.
Kindly save all the available documents for your future reference.
Thank a lot Sreekanth!
My company has given me Form 16 and I also checked Form 26 AS – both are containing my income as X+Y. My income whereas is only X. Y was the Joining Bonus which was returned back. My employer mentioned that as they cannot show negative income because of the deduction of the Joining Bonus, they will NOT rectify Form 16.
How do I get my Form26AS revised ? Please help!!
Dear PD..I believe that your Employer has to rectify your Form 16 by posting correct transaction entry (opposite entry).
Thank you very much!
I have contacted my employer several times, their answer is no they CANNOT rectify in Form 16! This means my Form 26AS will NEVER be corrected. How do I correct the Form 26 AS without employer’s help.
Is it possible to get it rectified by the ITD showing my case ?
I believe that the only option that is left is – You can write to your jurisdictional Income Tax Assessing officer (AO) with the details of the matter. They will surely take action against your employer (if found guilty).
Yes, I was referring to Children education allowanc.
My employer has not given the revised form 16 but are insisting that the residual tax( because of the dual payment of CEA )has to paid at any of the banks and the related challan copy has to be submitted to the bank. They have already intimated that the same has occurred due to a technical error and the same has to be rectified.
They are stating that revised form 16 cannot be issued because the said amount has not been deducted from the employee for the concerned financial year(15-16) and the remittance to tax to the bank is the only option.
Also,Wat if I dont pay the taxable amount shown in form 16 and claim a refund by showing any additional savings while filing of my returns, as I have saved additionally after the employers cut off date for submitting declarations
Kindly check Form 16 details with your Form 26AS, the tax dept goes by what is there in your Form 26AS. So, you have to take decision accordingly.
First of all, congrats on the 2nd anniversary of your blog. Your updated articles and financial advice go a long way in understanding various financial concepts. Thank you, n
Now, w.r.t form 16,
I have a small query with regard to same,
My employer had paid C.E.A twice in a year due to which there is tax paid being shown in my form 16 for the present A.Y. The said issue has arose due to technical issues with the software being used to calculate income tax and during the initial processing of IT, the tax exemption for the 2nd payment of C.E.A was not considering which was later rectified.
So though my tax payable in form 16 is negligble,(Approx Rs 500) I had a couple of queries which you can hopefully englighten me on :
1) As the said error has arose due to the employer’s oversight, will the employer be held accountable.
2) From the employer’s point of view, can a form 16 be issued with tax payable for the F.Y, as he has paid xyz allowance without recovering IT for the same. But the employers contention is that since they have already intimated me about the residual tax amount to be paid, I can pay the residual tax amount to the nearest bank and account for the same when filing returns OR provide proofs of any additional savings that I wouldn’t have provided so that I can claim a refund(if applicable) while filing my returns.
Your help in needed on this as I am not the only one in my org with the said issue.
Is CEA stands for Children Education allowance?
1 – Yes, can be held accountable.
2 – Yes, you can claim the refund. But did your employer issue rectified Form-16 reflecting correcting figures?
Thank you for the wishes 🙂
I have invested Rs.50000/- in NPS -All citizen model on 29.3.2016. My employer is not ready to show this amount in Form 16. Is it not complulsory on the part of employer to show deduction in Form 16 if I have given him proof of investment after 1.4.2016. Can I claim deduction while filing e-returns & how?
I have earned interest on my FDs on the last day of the FY (31/03/2016) and the TDS was deducted in the next FY (Date of booking – 20/05/2016). This does not show up in my Form 16A for Q4 of FY2015-16 but is shown in Form 26AS. Do I have to show this income/ TDS for FY2015-16 filing or FY2016-17 filing?
Dear Anand..I believe that you can show the interest income & respective TDS details in FY 2015-16 filing.
I am a pensioner(Retired on 31.10.2013) TDS for the FY2013-14 is Rs. 40000/- In form 26AS it is only 20000/- I request for Form 16 for several times to my employer. After 2 years he isued it but TDS is only 20000/- As per the pay drawn details issued by him TDS is 40000/- So I asked him to rectify this but he refused it. What should I do?
Dear Unnikrishnan..Your employer has to rectify the details in Form-16.
The employee however has no other legal remedy against his employer in case he refuses to issue the certificate except that the employee may intimate about such default to concerned Assessing Officer, who may take appropriate action or initiate penalty proceedings against the employer.
I am Deb Working in a E learning company in Hyderabad . 1 year before I left my previous company & jointed this company . Now i am planing for a home lone but I forgot to get my form 16 from my previous company . They (previous company) is not responding me regarding that form 16. Is there any other way to get form 16 ? Will 26AS work as a IT information instead of form 16 in banking sector ?
I think banks do accept Payslips, final settlement document, Form 26AS, Income Tax Return (ITR) etc along with your Credit report to assess your loan repaying capacity.
I was working in Private School as a teacher. I was getting salary of Rs. 7ooo/- . I had open a RD for the amount of RS. 5000/- p.m. for the period of 3 years in OBC Bank . My RD was matured on 21st may 2016. At the time of maturity bank deducted tds for RS 2000/- . I am not in the range of tax slab. I am jobless for last one year. How can I refund my TDS claim. Please guide me and I have already a PAN number but I never fill Income tax return.
Dear Sapna..You have to file your Income Tax Return and provide the TDS details in ITR, you can then claim it as Refund. As the TDS is deducted in Financial Year 2016-17, you have to file ITR during April to July 2017.
What is the difference between Tax deducted date month and Tax deposited month in Form 16
Tax deducted date: The date on which the TDS is deducted by the deductor (employer) and Tax deposited date: The date on which the TDS is deposited in the Govt account.
Sir how to get my tax return form 16 A please tell me
Dear Rahul..unable to understand your query..
I am working in private company my salary be 30000 pre month ,every month my TDS dedication 10%(3000).
know one year be done then how can I Return file be done. Also how can I check my TDS amount be dedication or not.
You may file returns by online by creating your Login account at e-Filing website, click here to visit efiling website...
Click here to calculate your tax liability.
You can check the TDS details by accessing your Form 26AS. Kindly note that you can visit Form 26As link through Income Tax e-filing account itself.
My Form 16 part A (traces) is not generated by my company for the year 2014-15 ,when i asked them ..HR said that Part A will not get generated as the tax is not paid. ( I had submitted enough income tax exemption proof that my tax for that year was zero)……is it correct?
Just wanted to confirm that is Form 26 AS can be used in place of Form 16 as i am planning to buy a Car.They require last Form 16 of last 3 years.I Lost my documents and my employer is not issuing them now again.
Dear Abhishek..Form 26AS may not give them a clear picture of your salary details. You may check with your car financier for more details.
Dear Srikanth, I am an NRI staying out of India for last 1 year. I am yet to file my taxes for FY14 15. My problem is that I have certain income not coming from my employer but other sources for which the tds has been paid. When I try going to traces website, it automatically takes me to the NRI page and I am asked to provide my details to register. Ive tried many times but the registration fails even after providing correct information. In short I am not able to generate my traces 2AS form. Can you advice what can I do?
Suggest you to kindly contact their customer care @
Email : Contactus@tdscpc.gov.in
Toll Free : 1800 103 0344
Phone : 0120 4814600
I am a employ of private steel plant as a sr electrical engineer i got 40000 salary /month but my company not provide me form 16 or salary certificate, my company provide me only 15000 with form 16 but i want to pay tax fully amount, Plz suggest me what can i do.
Dear rajat..Kindly demand Form 16 for full salary (Rs 40k) with TDS details.
I have not filed IT returns from FY 2011 to till date but i have received form 16 from my employer for FY 2011-12, 2012-13. But, the salary shown in Form 16 is different from the 26AS for both the years. I have other source of income and the tax is reflecting in 26AS. ” Can i file IT returns for FY2011-12, 2012-13″ and for for FY 2013-14, 2014-15 ( dont have form 16)? I am not looking for any tax refund from the government.
Belated returns can be filed on or before two years from the end of the relevant tax year.
For Example : Even those who missed filing their returns for income earned in FY12-13 or assessment year 2013-14 can do so by March 31, 2015. However, no belated returns can be filed for years prior to assessment year 2013-14.
Suggest you to take help of a CA and get this sorted out.
There is a difference in the amount reflected under ‘Gross Salary’ in Form 16 and ‘Total Amount Paid/Credited’ in Form 26AS. Could you tell me why this is so? Asking since I need to file a return for a year that got missed and I don’t have a Form 16 for that year. So how do I go about computing the ‘taxable income’?
The amount given in the Form 26AS can be your salary after deducting the allowances (section 10).
sir my friend is getting a salary of rs. 15000/- per month and will he get a form 16 from his employer for availing a home loan from bank ???
Dear Vimal..Kindly check with the employer.
sir my friend is getting a salary of rs. 15000/- per month and the tell employer not eligible form 16 how to get
home loan from bank ???
Dear uzair..Check with your banker if they accept Salary slips/Payslips..
I have been Working on Contract basis for one year and every month my employer deducts 10% of my salary.
I am also getting commission as an insurance agent in which also 10% deducting from my earning.
Could you help me whether I should fill up Form-1 or Form 4s while filling refund.
I believe that you can file either ITR form4 or ITR form 4S.
Kindly read: Which ITR form to file?
Sir, Our company has deducted TDS for FY 2014-15 but not yet released form16 to employees, how can we file ITR without details of TDS challan numbers?
Dear gitprakash..You can find those details in your Form 26AS also.
when i try to register my pan with e filling income tax site, then it show its already register and i talk in customer care they give 3-4 way for reset my password, but i surprise ,how to registered my pan on it?? and when i select reset option with new number and id, their are show other number and unknown e mail id, so now how can i reset and login in it???? they told me last option of net banking option but its not working, so please help me…how is possible without registration its registered on others mail and numbers..please help
Dear sir, l am a gov teacher and gets rs 18658 salary per month. I have not filled itr now. My employer has also not told me to file it. Now l needs home loan and bank demands form 16. My salary is not taxable and I don’t know how i gets form 16. Please suggest me. Is form 16 is necessary for home loan ? What are other options ?
Project Electricals says
We have changed our company from PARTNERSHIP FIRM TO PROPRIETORSHIP FIRM. So the Pan No also changed for the Ass.year 2011-12. but we forget to share our pan no changes to our clients. So the clients pay the TDS the old Pan no. Now the IT people says that need to changed the Pan No correction from our clients. but our clients says not possible to do the correction. Please say suitable suggestion.
Dear USHA..Kindly consult a CA.
I have a small query. I have worked in a govt org for around 6 months ( Feb to August 2010) and had not provided my PAN during that time. I have requested my employer to provide form 16 but they are stating that the officer during that period has retired and the signed copy of the same is not available.
Is there any rule that the Form 16 for the said period should be signed by the same officer?
Dear Charan..May I know the reason for requesting Form 16 of 20010-11. I am not sure about the ‘same officer’ rule..
Dear Sir, I’m a army pers my income tax has been deducted 55000 (@20% due to updation on PAN) in 2013-14. Now I’ve updated my PAN details with my PAO, but my deducted amt not revised in form AS 26S till now. In Mar 16 my time limit will be barred, if my amt not revised/uploaded in AS 26, is any procedure to refund my itr after two yr. Plz help and suggest for fruitful action bcuz time is too short.
I am unable to understand your query. Do you mean to say that you have provided wrong PAN in 2013-14 ITR?
My problem is that my PAN details sended by my coy office to my PAO Office.
My Coy office Clk send my PAN detail as DEVPS1343R (which incorrect).
My correct PAN Details is DTVPS1343R.
Resulting my PAO (Pay Acct Office) has deducted income tax from my salary @ 20% Rs 55000/- (approx) in assessment yr 2014-15.
I’ve done a lot of documentation & repeated reminders in connection of correction of PAN, but my PAN not amended till now.
And deducted AMT is also not revised/uploaded with form AS 26 till now.
I’m not able to file my itr until amt revised with AS 26. After Mar 2016, time limit of assessment yr 2014-15 will be barred.
What can I do plz help.
You can request your employer to revise his TDS return. You may kindly contact the TDS ward of your employer and request them to take action against the faulty employer and you can seek rectification. There is not other way.
For the time being you can contact your Assessing Officer (AO) and seek an extension of Time stating your in-capabilities to file your Return of Income for the said Assessment Year. As by doing this you may get the extension without any technical fault on our side.
Sir i have submitted itr 1 for AY 2014-15. Itr prossed and refund issue through cheque by cpc banglore. But cheque is not delivered to my address due to i had transffered from there. Now i submit grivence about this and re-issue
Suggest you to apply for ‘Refund re-issue’. You can do this by logging into e-Filing website.
Click here to know the entire procedure to apply for the re-issue.
Sir i have got form16 from employer for AY 2015-16 but my PAN No not updated with PAO. Now i had updated it with PAO. TDS not reflect in Form 26 AS. Can i fill my itr on the basis of form 16.
Dear Praveen..You may have to ask your employer to revise your Form-16 and update the TDS details linked to your PAN. Your TDS details have to be reflected in Form 26AS.
Is it must to have certificate number on form 16? My employer has not given me form 16 with Certificate number tho they have mentioned their PAN and TAN number. Also, My salary is not under taxable income.
Form 16A (non salary TDS) and Form 16 (Part-A)(salary TDS) to be issued mandatory through download from TDSCPC website wef fy 2012-13.
If You have received Form 16A/16 without bearing Unique TDS certificate Number then request deductor to issue Form Downloaded from TDS CPS (traces).
My Form 26AS for FY 2015-16 shows an amount of 51,000 paid to me with TDS as 0.00 filled against this amount. But the amount was not credited to my A/c. I have left the Company in Sept’2015. On enquiring from my Ex-employer about not crediting of this amount into my A/c, he now says it was wrongly filled and would be withdrawn from Form 26AS. This amount might be part of my variable salary which was not paid to me by my ex-employer. Can he legally withdraw this amount from Form 26AS to avoid me paying this amount? Plz advise how can I get this amount paid to me now by my ex-employer?
Yes, your employer can pass the reversal and issue fresh Form 16 to you (revised one). Suggest you to follow up with them and get new Form 16 so that you can file your ITR with correct data.
In my case i have not received my Form 16 and had to leave the job.Now in Form 26AS the salary amount has been shown as 7.5 Lakhs but as per me after claiming deduction of HRA, medical reimbursement, telephone and internet reimbursement the salary amounts to Rs. 6.25 Lakhs. Now on Filing ITR 1, salary shown by me is 6.25 Lakhs but in TDS column it is coming as 7.5 Lakhs. What is the solution for the same:
a) Should i fill the Salary in TDS column details as 6.25 Lakhs manually while claiming full TDS amount
b) Should i file return with the differences in salary as is appearing.
Rs 7.5 lakh can be your gross income which is shown in From 26AS.
You can enter all the applicable allowances & deductions in ITR’s respective columns and also enter correct TDS figure in TDS sheet (taxes paid sheet). Then calculate the tax liability. It should be fine.
Thank you for clearing the above doubt.
There is one more thing i need to ask. while filling ITR 1, salary amount is prefilled in Form 16 TDS column as 7.5 Lakhs and as per Salary Column it is coming to be 6.25 Lakhs.
Should i Correct that 7.5 Lakhs as appearing in TDS column manually by replacing it with 6.25 Lakhs or should i file the return as it is wherein difference is appearing in both salary columns.
Kindly follow as below;
Fill the details of salary as given in TDS certificate (Form 16) issued by your employer. However, if the income has not been computed correctly in Form No. 16, please make the correct computation and fill the same.
If your Form 16 has Rs 6.25 Lakh as ‘income from your salary’ , kindly key in the same in ITR.
SUBHAS CHANDRA RAHA
Branch of Nationalised bank failed to issue 16A and also nothing is appearing in Form-26AS assistant year 2015-16.What option is available to me?I have written several letters and mails.No result i got till date..Please help me with necessary information regarding this problem.
Who is punishable?How to do? and what is the judgement given by Honorable Supreme Court Of India.
Please reply early as possible.
The Reserve bank of India has clearly directed banks to issue form 16A on time to the customers.
Failure to issue TDS certificate within the time allowed, attracts penalty of Rs. 100/- per day of default.
You may contact;
Please contact TRACES for this issue.
Toll Free: 1800 103 0344
Phone: 0120 4814600
Is it necessary to share information related income from other sources with our employer in form 16? I used to give only the salary information in form 16 and rest i discloses when i file online income tax return. But last time our DDO, forced us to give all the information in form 16. Kindly let me what rules say and also mention the rule no. as per income tax department.
With best regards
Dear Mr Singh,
Form 16 is issued by the employer. If you provide all the required information abut your income (other sources) & investments related then your employer can deduct the correct TDS amount and can also calculate your tax liability. Sometimes based on your income, you may have to pay ADVANCE TAX too, so it is better to dislcose all the possible sources of income to your employer before they issue you Form 16. In case if you miss any info, you can mention it in your ITR and pay taxes accordingly.
Sir, I am a Govt. employee. Form 16 is not issued to me by the employer for 2015-16. Rs. 11,000/- deducted from my salary as Income Tax. kindly clarify that it is such rules to form 16 issued by the employer to the employee prior to deduct income tax from salary.
Dear Bhaskar..Your employer has to issue you Form-16 if TDS is deducted by them. Kindly follow up with your employer and try to get Form 16. Mostly your employer might issue form-16 between April to june period.
I asked CA. Says he filled manually. It isn’t necessary to send it to Bangalore. On my account there is no entry of that AY (2013-14).
May I know. Can I fill it again, pl answer.
Dear vijay..I guess that your CA is misguiding you. Suggest you to file now at the earliest. You may take help of a diff CA and file it online (e-file) this time.
Thanks 4 such fast reply
I have filled it by a CA, who came 2my office (receipt dated 19 Mar 14). I have asked him also. He says ask to IT Department. Dept says assessing officer not send it 2 banker. I have only ack slip.
How I can take refund of assessment year 13-14?
Shuld I fill revised or anything else?
Dear Vijay..You have not replied to my earlier question. Did you / your CA send ITR V to bangalore CPO? What is your ITR status on IT e-filing website?
I have filled my returns manually for FY 2013-14. I got the receipt but the amount has not been crefited. I could not file request electronically because it dose not support ack slip No.
Dear vijay..When did you file your returns? Did you send ITR V to bangalore address?
I have a form 16 and below is the scenario of that,
In which the employer name and address section it is mentioned only with the proprietor name and address.
Can we consider this as a form 16 as a valid one.
I am not very sure about this one. Has any TDS been deducted from your salary?
My employer ignoring my requests to update 26 AS but has given 16A. What can i do?
I AM A PENSIONER AND RECEIVE PENSION FROM STATE TREASUREY OFFICE. TDS WAS DEDUCTED DURING AY 2012-2013 AND FORM 16 ALSO ISSUED TO ME. BUT THIS IS NOT REFLECTED IN FORM 26AS. I HAVE INTIMATED THE STATE TREASUREY OFFICE TO UPLOAD THE SAME. BUT THEY HAVE NOT DONE TILL NOW.
I HAVE RECEIVED AN INTIMATION U/S 143(1) FROM ASSESSING OFFICER TO PAY THE AMOUNT WITH INTEREST AND REPLIED TO THEM EXPLAINING THE ABOVE FACTS WITH A COPY OF FORM 16. WHAT SHOULD BE MY NEXT STEP?
Kindly wait for their feedback/response. Meanwhile, you keep following up this with your ex-employer too.
I just have a small question. I do not have Form 16 with me ( for some reason my employer did not provide me one) so I filed my ITR on the basis of Form 26AS and I have a Refund. Is it necessary that to provide Form 16 to the IT Deptt.? Does IT Deptt correct justified in not processing my Refund just because I do not possess Form 16. I believe the TDS information available in Form 26AS should satisfy IT Deptt. Am I right? Please advice.
It is not required to submit a copy of Form16 to the IT Dept.
They go by your ITR & Form 26AS.
Thanks Shreekanth for your quick response. It appears that the IT Deptt is unnecessarily delaying the processing of my Refund. Actually my case is of Condonation of non-filing of ITR as I did not file my ITR for some previous 2 years and I have a refund for those Assessment Years.
I do however also have specific questions as I am in some doubts after having visited the IT deptt and the way I was handled. Is it possible to have a phone conversation with you?
Dear Rahul..Suggest you to kindly consult and take help of a Chartered Accountant.
I did hire a CA who prepared the ITR but he has his own limitations as he can not influence how the IT Deptt operates. This is the reason I was interested to know your opinion on my specific questions if you are open to talk to me over a phone. Please let me know if we can talk on phone.
Dear Rahul..I do not like to share my contact no. I prefer to provide assistance through online mode on my blog only.
Ok, never mind. Would you be able to let me know your thoughts based on your experience you might have in the past on whether the application for Condonation for Non-filing of ITR are usually approved in favour of the applicant. Just to provide you some background I have filed the application for the Condonation for non filing of ITR. I have also attached along with my application copy of the circular issued by the Ministry of Finance/CBDT on Condonation of delay in filing refund claim dated 09th June 2015.
As such I am not lacking on any documents except Form 16 which you have already confirmed that is not necessary and Form 26AS should suffice the purpose. Please provide your best opinion.
Please suggest me what I can do ? In my Form 16 total taxable income in 72262/- but in Form 26 Gross salary and taxable amount is mismatching (In form 26 statement of only two quarter is reflected)
Dear Pankaj..Gross salary & taxable amount should be different right? (or) am i missing something here??
i worked at a company for a month in july 2015. I was supposed to get the salary, but since I resigned and left without serving the notice period, they adjusted my salary against my notice period shortfall. Now I see an entry in form 26AS as salary credit by the employer (without any TDS deducted). I contacted them stating this discrepancy about it and they say “Only the payment part gets reflected under the PAN data not the deduction.”
What do you think- Even if I have not received this amount but it is reflected in 26AS, do I have to voluntarily pay tax for this while filing my returns next year?
You may have to get it corrected by contacting your ex-employer. Else, you have to pay taxes accordingly.
I had made a payment of Rs.40,000/- towards ULIP in March 2015. However, my employer did not include this amount under 80C deductions, in the Form 16 for the FY 2014-15. I recently realized this, after I filed the tax. Could you please let me know if I can still avail the tax benefit for the Rs.40,000/- amount paid towards ULIP? If yes, how should I go about it?
Dear Subhra..You can file ‘revised return’.
I am a Govt employee. Due to Non availability of PAN ,TDS have been deducted from salary @20% and form 16 also issued .Now I have provided the PAN and same is also updated in the salary statement.Now how can I file return for FY 13-14 as well as FY 14-15 as the TDS details are not showing in form 26AS. Pl suggest.
Dear Sushant..You can ask your company/employer to revise Form 16 for the respective FYs. Did you receive any tax notice from the IT dept. Keep a copy of your PAN allotment letter, you may require it for future use. Suggest you take help of a CA and file your previous years ITRs.
there is a difference between the amount shown in form 16 and form 26AS. out of the four entries mentioned in form 16, for rs 12000,8500,1600,1500,the first entry does not reflect (the entry of rs 12000) in form no 26as whereas it shows it in 16. i am an employee of a college..what should i do? can i correct it myself? plz guide
Dear Dhiraj..Unless I see the documents it is tough to advise on this..
In one of my family member’s bank deposit account,the interest earned is only Rs 3000last year as there is only one deposit but in the form 26AS ,an entry has been made showing this as income but TDS is shown zero!! When TDS is zero,Why Form 26AS should reflect such incomes,as Form 26AS is ,by definition,only a statement of tax deducted by the employer and to prove that such TDSamounts involved are promptly remitted to the IT dept? In this case,there is no TDS
involved even!!The damage don to the customer is that he did not know the interest earned in that Fin year ans as such he omitted mentioning it in the return,as form 16A was also not also sent to him after making entry in form 26AS’?? The auditor then said that he can pay extra interest due seperately thro bank and raise the issue with the bank as to why form 26AS included income alone ,with out intimating such income to the customerin trime to the customer? The bank is not giving satisfactory answers!! So ,I want to know what is the banks’expected policy to show figures in form 26AS?Some say that form 26AS should reflect incomes even if TDS is zero,if and only if, Form 15G 0r 15H is submitted in advance. Some others argue that RBI has instructed all banks to show income in all cases irrespective of 15G or 15 H . Which is correct??? How can investors plan their deposits when such confusion is prevailing even with bank managers as already the interst rates have fallen so much, even for senior citizens!!!!!
Now most of the private Banks forward system generated form 15 G/H to the depositors with full details of interest income and tax deducted there on and digitally upload to form as 26AS. Unfortunately other banks do not carry out this exercise.
But, don’t you think that it is the customer’s (tax assessee) responsibility to report income from all sources?? Interest income earned from FDs is taxable.
Kindly note that ‘ignorance of law is not an excuse’.
I believe that most of the banks are passing on the information on ‘income earned’ even if there is no TDS.
Sir i am an army person & mujhe kuch itr ke baare mein jyaada nahun patan hain.mujhe form 16 manual mila hain jis par mera pan no. Mention nahin hain as that time i have no pan no.ab mein tds ko kaise refund lecsakta hoon.please help me sir.
Dear parveen..Kindly consult a Chartered Accountant and get the assistance. Without your PAN no how can your employer deduct TDS on your name?
my bank has deducted TDS from my recurring deposite , could you please tell me the reason .
RDs & TDS new rule.
Taxes on FDs & RDs, how do they work?
My salarie is 22kk/month but I haven’t got any from-16 I think I have exception in this.can u explain how.
Kindly check with your employer..
Sir, i’m to receive a payment of Rs.10,000 for the month of Oct as per contract, and October is the first month of our work. Now, the payer is saying he will deduct 1% TDS saying that payment of more than Rs.75000 in a financial year attracts TDS. But I’m sure the amount for 15-16 won’t exceed Rs.75000. What to do now? In case he deducts TDS, should I ask him for a TDS certificate to confirm that he has deposited that money to credit of govt?
Yes you can ask for TDS certificate. Also, you can cross check this by logging into IT e-filing website and by accessing From 26AS statement.
my bank has deducted TDS from fixed deposits & submit the same to govt. account in AY 2014-15. But since my PAN was not updated with bank, the TDS doesnot reflect in form 26AS. I have filled my ITR based on form 16A issued by bank, but i recived demand notice from IT Dept. please note that I had filed these TDS details in Sch-TDS2 in my ITR. Please suggest where i get wrong & where should i fill the TDS details which are not shown in 26AS. what should i do now? should i file the revised return 7 fill the details in SCH IT.
Thanks in advance.
Kindly get your PAN details udpated with your banker at the earliest.
You may kindly contact IT helpdesk or AO and represent your case. You may submit your Form 16A as proofs.
If the outstanding demand amount is huge, you may consult a CA and sort this issue out.
My Wife joined as a contract consultant. She is getting 30000 in a month. And the company deducting flat 10% of tax. But she doesn’t have any other income. Could you please explain how it is calculated. Does she can’t eligible for tax slab. which currently we have. like up to2.5lakh nil and then till 5 lakh 10%. like that.
She is eligible and general income tax rules are applicable in her case.
As her expected total income for FY 2015-16 falls in 10% , her company is deducting 10% as TDS. She can make investments in tax savings instruments or can take term insurance policy and can claim tax deductions. Also, she can claim refund of TDS amount (if any). For this, she has to file income tax returns after March 2016.
Income Tax deductions list 2015-16Income Tax rates & slabs 2015-16.
my actul salary is 550000 as per form 16 but in 26as my salary is 300000 which salary i will show in my itr-1 and what are the reasons for that difference please tell me sir
Rs 3 Lakh is the one after deducting allowances under section 10.
we have filed Form 16 A & Form 16 Total salary – 100000 inclusive of other income of Rs.10000/-
now as per form 16 the total Expenses after deduction must be (90000-expenses) but it is wrongly made as (100000-expense) and form 16 shows that 10000 as income from other soures whether this calculation is wrong or correct.
Please guide me Guys…….
Dear saranya..Why is it Rs 10k treated as expenses? I am unable to understand your query.
My employer has deducted my TDS and is reflecting in FORM 16. The form 16 also indicates the deposit challan number, BSR Code and amount. However, this is not reflecting in my FORM 26AS.
I have taken it with the employer, however, there is no action for my repeated requests. The IT A.O is asking me to sort it out with the employer itself.
Kindly confirm how to proceed as i am getting IT notices for failure of TDS deposit.
Yes, you may have to sort this out with your employer only. If they do not assist you in this matter, consider approaching a lawyer and take legal opinion on this.
Also, have a re-check about your personal details, PAN no etc on Form 16.
ONE OF THE CONSULTANT IN OUR COMPANY IS ALREADY WORKING WITH OTHER COMPANY WHERE IN SHE IS BEING ISSUED FORM 16 FOR T.D.S BUT IN OUR COMPANY ALSO WE DEDUCT 10% T.D.S FROM HER CONSULTANCY FEES SO IS SHE ELIGIBLE TO FILE FORM 16A FOR AVAILING T.D.S BENIFIT UNDER CONSULTANCY FEES.
Form 16A is a statement containing all details of TDS Deducted on all Payments except Salary.
I am unable to understand ‘what do you mean by TDS Benefit?’. Kindly make it clear.
sir i want to know if i have recieved form 16 tht show tds but 26 as doesnot show my refund then show if i advance efile my return before amt credited through 26 as certificate then i have to revise my return for refund or priror file return is ok
Dear Somesh..I am unable to understand your query. Kindly rephrase it and make it clear.
The Hindu dt 28/9/15 says banks are deductingTDS respecting srcitizens if the total interest exceeds Rs3lakhs.Is this correct?
Kindly note that up to Rs 3,00,000 for senior citizen residents of India who are between the age of 60-79 years can submit Form 15H to seek non-deduction of TDS, else banks will levy TDS.
Go through my articles;
TDS & Misconceptions
New From 15G/15H.
HOW TI ITR FILL MY 26 AS NOT UPDATED
My form 16 shows income of 530000 and 26as shows around 650000 now what to do and my employer didn’t issued my form 16 till last date of filing itr. Please suggest what to do.
Employer has deducted tax and paid through book entry. and another part payment of TDS is paid by cash through challan to Bank.
Both the payment reflected in form 16 part A downloaded by traces.
But the part payment which made to bank by challan is not reflected in 26AS.
What to do now.
Dear Suresh..Kindly check with your employer .
Bank deducted some amount (u/s 194A, FY 2014-15) which is reflected in 26AS… But bank didn’t send us any form 16A… During ITR-1 filling – they are asking unique number for 16A and year – where we’ll get those values?
Dear Adhya..I believe that column is an optional one.
Thanks Sreekanth – the column was indeed optional – ITR filled and submitted without any issue… Your article was a great help – for you I saved some bucks.
You are welcome dear Adhya..Keep visiting, cheers 🙂
Can I get form 16 from my employer if my TDS is not deducted from my salary.
My salary is more than the basic exemption limit but I have provided the deductions under 80C and 80D.
My employer says if tds is nil then there will not be Form 16 issued.
Ideally, your employer has to issue Form-16 eventhough no TDS has been deducted.
Do note that ‘ no tds has been deducted by you as stated above so it is not compulsory for your employer to issue the same, however if employee (you) demands it for filing your IT Return then they have to issue.
I get Form 16A for the FY 2014-15, so in what form i should file my return?
can i file my return in ITR-1?
Dear Mahek ..it depends on the sources of your income. Kindly go through my article : Which ITR form to file?
But sir if i file my return other than Form applicable i.e . Form ITR 1 insted of ITR 4 or else, then is it terme into no refund?
I just want to know that in column Amount paid/credited of Part A of form 26AS, it is salary before tds deduction or salary after tds deduction. thank u in advance.
Dear Mr Jaiswal..Part A has details about TDS amounts and not about salary.
My form 26A shows interest at around 3200 and TDS deducted at around 10%. As per wherever i read it is mentioned that banks would deduct TDS only if interest goes above 10k, then why did bank deduct TDS? Do i need to show this amount in income from other sources?
If not, how do i get 10% TDS back which is already deducted by bank.
Is this interest on Savings account or on a Fixed deposit?
Anyways, you have to include this under the head ‘income from other sources’. If your income is below the basic exemption limit, you can show the TDS amount in ITR and claim the refund.
Sir if one by mistake file his return in different ITR Form then is it term in to no refund?
I also have a query same as other readers. My form 16 and 26AS values mis-match. Accorinding to Accounts department I should go ahead with form16 values but the tax deducted in Form 26AS is more than mentioned in form 16.
I have filed my retrun with form26AS values. Is it correct or do I need to change, please guide.
Dear Sandeep, IT dept considers Form 26AS values only. Do you have any other TDS amounts?
I want a info or a suggestion. My employer is not giving form 16 as they are not deducting my tax. But to file IT returns i need a form 16 and whomever i approach they are saying form 16 is mandatory and without it you can file IT returns. So i’m stuck with it, i dono what to do now..? Can u give me some idea like how to do without form 16 or can i demand in my office. Sir plz kindly revwet back asap…
Dear Prashanth..Yes, you can demand so (or) you may ask them to issue a ‘Salary certificate’.
I want to change my address in Form 16. Can you please provide me with a URL from which I’ll be able to change my address.
Dear Hemant..You can contact your employer and get this done.
in form 26as part A amt paid/credited column what it this.whether This is gross income or what.kindly clearify this.
and one more thing if suppose form 16 provided by employer is not matching with form 26as then what to do. I have requested my employer so many time to rectify the mistake but they are not doing that .in form 16 they are showing more income and income tax amount but in form 26as it is less income and less tds.
so in this case what shall i do???? please guide me.
Generally, it is after deducting any allowances.
Form 16 gross income may not match with the ‘Income credited’ amount column in Form 26AS.
But, if you believe there are genuine discrepancies then your employer has to rectify the form-16 and reissue it.
i have two queries
1) I am retired Bank Employee as i am retired my bank does not issue form 16 also the bank through which pension is received refused to give form 16 saying as tds is not deducted they do not issue it ,SO what should i enter in SCH TDS 1 where TAN of deductor and name of employee is asked.
2) Also sir on interest on FD no TDS is deducted as i have submitted Form 15 H with bank do i have to fill SCH TDS2 as My total income is non taxable
1 & 2 – If you do not have any TDS to be shown, no need to enter any details.
Sir I changed job in the relevant year and have got 2 form 16,now the problem is in one of the form 16 amt paid /credited is 244980 and in same form gross salary shown is 442544,when i checked in 26AS there also amt paid /credited is 244980. Which amt i should use for filing and what is reason for difference? pls reply soon
Rs 244980 can be after deducting Section (10) allowances. You can show this amount itself in ITR.
In form 26AS the interest paid by bank is shown and tax deducted by bank on interest is also shown, when I enter the interest in income from other sources Should I show the total interest earned or differential amount of tax deducted by banker.
you Should Show the total interest earned from the Bank
Dear Krishna..You need to show ‘total income earned’ and also TDS details in respective sections.
Sir 150000 ki exemption mai nps mai employee share bgi add hota hai
Dear monika ..Kindly read my article on Income Tax deductions list.
The salary slips, form 16 and 26 AS show three different things. There seems to be too many unresolved issues.
Dear Sreekant Reddy,
My form 16 is incorrect for 80c deduction. If i update the correct value in ITR, which is not in form 16. Whether i need to provide any evidence. Please suggest?
In 26as total income shown only one quarter only and in 16 part b total credited incomemore than 26as what should i do
Dear Jitendra..Kindly follow whichever is right and calculate your taxes and pay any if any dues.
there is a difference between tds deducted amount of form no 16 and form 26as.
Tds deducted from my bank is not mentioned in my form no 16.
So, do I need to verify my form no 16a…
And do I need to add interest credited by my bank to my gross salary.
Kindly go through the article once again.
Form 16 will have TDS details wrt your Salary only. Yes, you need to check Bank TDS details which are in Form 16A.
You have to include ‘interest income’ under the head ‘Income from Other Sources’ of your ITR.
I am a government employee. had submitted all of my saving documents to my office in time to get tax rebate. But the office has not entered all the details and forgot to include my rs. 50000/- ppf saving for rebate u/s 80ccd. For this instead of giving rebate of Rs 150000/- in form 16 my office given me rs. 100000/- rebate and instructed me to deposit balance tax of around rs. 15000/- to IT DEPT and reluctant to rectify me form 16. After that I submitted my tax return online by taking into account my ppf saving of Rs. 50000 as rebate and depositing self assessment tax accordingly which is much less than rs.15000/- that was imposed whimsically by me office . I then submitted my tax returns copy and saving particular (rs. 50000/-) of ppf savings to income tax department as a proof of getting rebate u/s 80c which was not included buy my office.
Please advice me whether I have done it as per IT rule or not? ? Waiting for your kind guidance//
Dear S N Sur,
Kindly note that PPF comes under Section 80c. Actually there is no need to submit any investment proofs documents to the IT dept.
Your Tax returns filing, looks fine.
I have gross salary of Rs.616800 in Form16& amount paid is showing as Rs.540420 in 26 AS.Please guide me which amount I should take in my Itr?What could be the reason for this difference in amount?
Kindly go as per Form 26AS (this can be due to allowances etc).
Same problem to me also,
My gross income including DA arrears for FY is 556096.
Excluding DA arrears it is 541640.
I paid a tax of 22417 for 556096.
In 26as it is showed 541640 as total amount paid and 22417 as total tax deducted.
Where as in form16
In part A it showing 541640 and in part B it is showing 556096 as gross income.
Are both values in part A and part B should be same or it can be different.
If different,which value we do consider for it returns
It can be different. You have to consider the income after deducting the applicable allowances under section 10.
There is a ‘Total Amount Paid/Credited’ column in Form 26AS under which a certain sum is displayed. Should this amount be same as in Form 16 (Part B – Annexure – Row 6 – ‘Income chargeable under the head ‘salaries) provided by the employer. Can you please elaborate on this column and how it is related to Form 16.
It can be different and depends on your salary structure.
Dear Sreekant Reddy,
Thanks for useful info. There is a difference between Form 16, Part A (Amount of Tax Deposited/remitted) and Form 26 AS (Total TDS deposited). I have income from salary only. Amount reflected in Form 26 AS is more by about Rs.30,000 and is correct. Could I expect refund.
Best Regards, Veera
If you believe that Form 26AS is correct, kindly file ITR as per it and calculate your taxes accordingly.
The TDS Certificates provided to me by the bank contains so many lines because of a number of FDRs. Do I need to enter each and every line in ITR or just summary of a single TDS Certificate ?
Dear Rajinder.. you may have to enter all the details.
I mistakenly entered wrong value of total income and verified it using adhar e-verification procedure. Please let me know if there is any procedure to rectify it.
Dear Shivam..you may file ‘revised return’.
I have same problem with little bit different the amount mentioned in FORM 16 PART A is accurate with FORM 26 AS BUT in FORM 16 PART B the column GROSS SALARY & The amount paid Mentioned IN APRT A is different.
In FORM 26 AS it include for TEN months ONLY.
Please guide me
If form 26AS has amounts for 10 months only, suggest you to enter the TDS details for the remaining months too based on your Form16 in ITR and file your taxes accordingly.
I have received Form 16 from my Comapany for the period from 01.04.2014 to 31.03.2015
There are Part A and Part B.
In Part A there is a two column of total of Amount credited in Q1,2,3,4, and total of Tax deducted and deposited.
and in Part B ther is a bifurcation of salary,
I want to know there is amount mismatch in 26AS and my Form 16
in Form 16 Gross total income mentioned 1000.00
deduction under various chapter is 150.00
taxable income is 850.00
but in 26 As
there is column transaction date in which last transaction is 28.02.2015 and date of booking is 21.05.2015, also amount paid /credited total is also higher than taxable income mentioned in form 16.
Please let me know which amount to be fill in IT return. either gross income mentioned in form 16 or the amount mentioned as amount credited in 26As
Why do you want to show May 2015 TDS entry in ITR 2015-16?
Sir, I had sent the request for form 16 (Salary) I had mentioned the deducting name, designation and pan no. in traces and I had downloaed the certificates. After that I realised that the deductee name is wrong, because I had mentioned the wron pan. Now shall I send the request with corrected pan for the same form 16 (bulk)
Pl. reply and guide me
Kindly contact your employer and get it rectified and re-issued at the earliest.
I get the salary after deducting Tax by my company.
But , I have 15000/~ interest in my savings bank account.
How I add this to Form 16 when I upload return in IT web site
How I can pay my extra tax due to this 15 thousand when filing Form 16 Online ?
You have to add this interest income under the head ‘ income from other sources’ and calculated your tax liability accordingly.
Kindly note that up to Rs 10,000 as interest income from savings bank accounts can be claimed as tax exemption u/s 80TTA.
Thanks for such detailed information on Form 16 and 16A. I have a few questions. So, when you look at 26AS statement, there is tax deduction from the employer which is reflected in Form16 and tax deductions from banks as well due to fixed deposit which is reflected in Form 16A. When filling up the ITR1 form for AY2015-2016, income from salary goes as per the numbers from Form16 and income from other sources will be the sum total of all the incomes reported in Form 16A.
With this data in ITR1 form, I see that there is some tax that is still payable by me? Is that right? If yes, then can you please provide me with answers for the following questions?
– Can I pay the same online using the link – https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp.
– Which Challan should i use for paying? CHALLAN NO./ITNS 281 or CHALLAN NO./ITNS 280 or CHALLAN NO./ITNS 282 or CHALLAN NO./ITNS 283.
– Once the payment is done, which section in the IRT1 form should I enter these details? Is that in “Details of Advance tax and Self Assessment Tax Payments” section?
– How many days will it take for this tax payment made to appear in 26AS?
1 – Yes you can pay by visiting that link.
2 – Its challan no 280
3 – Yes (from TDS sheet)
4 – It depends..you may see it in few weeks.
Sir, I have two Form 16 since I worked in two companies.
So i need to send both with Tax return form to IT depatment??
There is no requirement to submit the Form16 docs to IT dept. Just, use them to file your ITR. You may cross check the TDS details available in your two Form16 with Form 26AS.
Hi Sreekanth…..thank you for the great post vividly explaining all the nuances of ITR filing for financial illiterates like us. I am asking you a lengthy question …… please bear with me.
I am facing a problem after filling up ITR2 excel sheet while generating the XML. A warning message ” Amount of salary disclosed in “Income details/Part BTI” is less than 90% of Salary reported in TDS1″ is being displayed (XML is generated though).
This is because I have claimed HRA Exemption which was not considered in my form 16.(my salary has a HRA Component and I am calucuating my HRA exemption as per the norms – my employer has not considered the HRA Exemption as I have not included it in my likely tax/exemptions proposal to the employer). Thus the following two items do not match:
1)Sheet “TDS” –> Part “18B” –> Income chargeable under Salaries
2)Sheet ” PARTB – TI – TTI” –> Part B – TI –> S.No.5 “Total (1+2+3c+4d)”
Please advice regarding the warning message.
Dear Abhinav..If it is just a message, then it is fine as you are showing a different income compared to the one given in Form 16/Form26AS.
So, your tax liability has reduced right? Is any refund been displayed?
i have form 16 and form 16 A. please tell me how to file these two.
Kindly read the articles;
ITR FY 2014-15
NEW ITR Forms AY 2015-16
It seems your articles are very helpful to people. Thanks for enlightening us with your words of wisdom. I have a little query as I am a salaried person and filed my ITR-1 using quick file link. In this they already shown my tds deposited and accordingly as my income was less than 2.5 lacs, i requested return. Now I have to send it to banglore office. I am asking what documents should be attached with it, shall I attach form 16A copies by employer and bank or I shuld send it without them. Please guide, thanks in advance.
Do not attach any documents with ITR V acknowledgment.
Also you may e-verify your ITR instead of sending physical copy of ITR v. It is a new provision but an optional one.
You may read my article – How to e-verify Income Tax Return?
thank you so much sir, You mean I can e-verify it even if I am filing it to get refund?
Yes, you can use Net-banking / ATM / Aadhar modes to generate EVC and e-verify ITR.
thank you Sir, Can I use the same mode for my father as His income is more than 5.0 Lacs?
Yes you can use through his net-banking login (i have provided the list of banks that have EVC provision in the article) or link his Aadhar card with PAN, and generate EVC to e-verify his ITR.
Thank you so much sir, did the same as per your instructions.
My father is a government employee and the details shown by 26as are different from the form 16A what he received form his office. Please enlighten me whether I should move for Quick file or not. In 16A they have deducted more amount but in 26AS it is showing less.
The TDS amount in Form 16A should generally match with that of Form 26AS. (Is it form 16 or form16a??)
While filing the income tax, i am getting below error message…
“The amount of salary disclosed in income details/part BT1 is less than 90% of salary reported in TDS1”
Is it B1? Did you check your form 16 & Form 26AS. Are they matching with respect to TDS 1 (related to salary).
Hi, the comment ‘The amount of salary disclosed in income details/part BT1 is less than 90% of salary reported in TDS1’ . Does it mean, against B1 of ITR, an amount upto 10% less than that given against Gross total income in Form 16 is allowed ? If Yes, under what section upto 10% is allowed
Kindly go through this article, it may be of use to you.
The message that u got is a warning. It means that the income in 26AS doesnt match the income that you have filled in under gross/total. This is validation for you to double check in case u hv missed any calculation.
Click okay and continue filing. It is only a warning and not an error 🙂
Your comment is awaiting moderation.The message that u got is a warning. It means that the income in 26AS doesnt match the income that you have filled in under gross/total. This is validation for you to double check in case u hv missed any calculation.
Click okay and continue filing. It is only a warning and not an error 🙂
I have a query. My Form 16 and Form 26AS is not same because TDS for Bank deposit has also been included in Form 26 AS. So, kindly guide me how to file IT return online? Where to include TDS from Bank deposit in IT return?? Kindly tell me.
In ITR 1 it has to be reported under TDS sheet, in the table ‘Details of Tax Deducted at Source on income other than salary’.
I have Form 16A for TDS deducted from professional fees. Will Income Tax department release ITR4 to file returns for this category? and is it possible to file online without an auditor’s help?
I am also waiting for ITR 4 form to file my Taxes. They have to and they will release it soon..let’s wait 🙂
I had paid lic premium. But it’s not mentioned in form 16 or 26a. Can I mention it in 80 c deduction while filing IT return. LIC didn’t take my PAN no. What to do?
Form 26AS will not have your investments details. Yes, you can mention it in ITR and calculate your tax liability accordingly.
I have worked for two companies last financial year and one company had given Form 16 in which total amount paid is different less than the actual paid by employer,but tax deducted is correct.
1.Can I file the return by entering actual amount paid by the employer.
2.I don’t want to wait for the first employer for Form 16.If I file the return using the information I have,can I correct it if I found a mistake when getting Form 16 later.
3.When is the last date for filing return,is it Aug 31?
Many thanks and regards,
Before filing do check your Form 26AS and cross check the TDS details.
When you joined second company , did you provide previous employment salary details to them?
It is better you get the Form 16 from first employer and file ITR (You can file ITR and you can also revise your returns at a later point of time).
Last date to file ITR for AY2015-16 is 31st Aug 2015 as of now.
Thanks Sreekanth for your reply.
Actually I have cross checked and the difference is in total amount paid or total salary I got from the employer which is less in the 26AS/Form 16.
For Eg: They had given 10k/month for 6 months and in Form 16/26 AS it is 10k for 4months and 7 k for 2 months.
I am following up the first employer for Form 16 many times.Their tax person is delaying this.
TDS is correct only
During financial year 2014-15 I have changed my job. My salary slab changed. I have submitted my previous salary details and tax deduction details to my new employer. The TDS in the new company has happened taking into consideration the previous salary details.
But now I received form 16 from new employer in which tax deducted in part A is not matching with part B. The reason is part A is considering the previous salary details but part B is not considering previous salary details.
Is it not necessary that Part A and Part B of form 16 should match ?
Thanks and Regards
Yes, they should match. You can submit the correct details in your Income Tax Returns and file your taxes accordingly. In case, if extra TDS has been deducted , claim it as Refund, else you may pay taxes accordingly.
I worked for a company on contact basis Oct-Nov 2014. The entry of Amount paid to me and the amount that was paid by the company as tax is mentioned in 26AS. Then I became there employee and the regular salary I drew from Dec 2014 – March 2015 is with in the taxable limit.
There is no entry for these 4-5 months in 26AS since the company did not pay any tax. Is this right or should there be entry for these months too with ‘Total TDS deposited’ column value be zero.
Please help me with the answer at the earliest. Your answer will help me get the missing data updated in 26AS and then generate the form 16.
Since your income is less than the taxable limit, you can claim REFUND, the TDS amount that has been deducted can be claimed back by filing ITR.
Include this TDS in your Returns form and file your taxes. You will get the refund amount.
I have already file an ITR for Assesment Year 2014-2015 , later I had realised that the form 16 has a mistake where the Gross Salalry calculated by employer is incorrect and I have asked them to correct same. Also they have not consider my HRA for 2 month , So is it possible to submit these documents and data from revised form-16 again.If So which what is a procedure to do so and which form to be used.
Appreciated your response.
When did you file your FY13-14 (AY 14-15) returns?
You may have to file ‘rectification request’. It is better you consult a CA and file it.
I’m Salaried and no other source of income. I have multiple Form-16 due to shifted one company to other in 2014-15 FY.
Now, I check FORM 26AS and FORM 16-PART A, it was showing same figure
PART A – Details of Tax Deducted at Source
1st organization- Total Amount Paid / Credited ( Rs. )- 507,136.00; Total Tax Deducted# ( Rs. )/Total TDS Deposited ( Rs. )- 16,359.00
2nd organization- Total Amount Paid / Credited ( Rs. )- 221,459.00; Total Tax Deducted# ( Rs. )/Total TDS Deposited ( Rs. )- 0.00
So, As per Form 26AS and FORM 16-PART A – on addition of two organizations income
Total Amount Paid / Credited ( Rs. )- 7,28,595.00; Total Tax Deducted# ( Rs. )/Total TDS Deposited ( Rs. )- 16,359.00
Now, Coming to Multiple FORM 16- PART B-
06) Income Chargeable under the Head Salaries (3-5)
1st organization showing 06) Income Chargeable under the Head Salaries (3-5)= 5,48,198.00
2nd organization showing 06) Income Chargeable under the Head Salaries (3-5)= 2,40,517.00
So, total 06) Income Chargeable under the Head Salaries (3-5)= 7,88,715.00
Now, my question which one should i consider while filing ITR-1 under
1) Income from Salary/Pension (Ensure to fill Sch TDS1)–? (7,28,595.00 or 7,88,715.00)
Bcoz, FORM16 PARTB showing higher figure than PART A and same in FORM 26AS
Please Suggest me and explain if possible why it was showing lower figure in FORM 16 PARTA and FORM 26AS than FORM 16 PARTB
I need to look at your Form 16s & Form 26AS, without which it is not prudent thing to advise you on this.
When you joined new company, did you update your new employer about your previous company’s salary details ?
Waitng for ur reply..
i hav a query. the gross salary in part B of my form 16 is different from the total amount paid/credited shown in part A of the form 16. but the TDS deducted is the same on both is this ok? or is it some mistake? shud i get it rectified by my ex-employer? or can i just submit part A of the form 16 to my CA?? plz help
If the income is different, the TDS should also differ right..So you may go ahead and use Form16 to file your ITR.
But, generally Part A do not have details about ‘Gross salary’ right??
Thanks for your informative article. I try to file IT returns. While creating XML in Easy Office software, I find errors of difference of amount in Form 16 Part A and Form 16 Part B with Form 26 AS figures of income. Because of this difference, I can’t upload my returns. Which amount should I consider correct ? What should I do for difference of amount ? How can I understand this difference? Till last year, this type of verification was not applied. Perhaps, the IT department has made it stricter from this year. Please co-operate me.
Do you mean to say the TDS in form 16 is not matching with that of Form 26 AS one? If so, kindly contact your employer immediately.
Also check if your personal details are matching (like your name, PAN no etc.,)
Dear Sir, While filing online return Information pre-populated in ITR website under gross income and TDS are coming more than corresponding figures in Form 16. Which I guess is due to different numbers in Form 26AS. Which numbers shall i fill form 16 or 26AS? Also Do i need to get it rectified the mismatch?.. Thanks in Advance..:D
Do you mean to say the TDS in form 16 is not matching with that of Form 26 AS one? If so, kindly contact your employer immediately.
Also check if your personal details are matching (like your name, PAN no etc.,)
Thanks for your prompt reply.
Yes all the basic details are matching.
Total Amount paid/credited is more in Form 26AS than in form 16, which is resulting in higher TDS in Form 26As than in form 16.
Form 16 is TDS on your salary, whereas in Form 26AS there can be TDS on other sources of income too..
Are there any other TDS entries in your Form 26AS? Did you receive any Form 16A during previous FY?
All Tax entries in my form 16 and 26AS match but not income under head salaries. That number is higher in 26AS as it included hra etc which is not taxable in form 16. So in ITR which number should be put in INCOME from head salaries?
As far as I know, the entries in Form 26AS & Form 16 should match. kindly contact your employer at the earliest. But, I don’t think Form 26AS has details regarding ‘Income under the head Salaries’..So, i am not sure to which point are you referring to??
Salary credited is mentioned more in Form 26AS than mentioned in form 16. In my view Column “Total Amount Paid /Credited” in form 26AS displays the salary.
If I am filling the ITR which details I should put in return Form 26 AS or form 16? As I am not willing to ask my employer and go into the hassle of asking for resubmitting Form 26AS .
If the details are wrong or if there are any discrepancies , you should ask your employer to rectify them. Form 16 & form 26As TDS details should match.
I am not willing to ask my employer for revised 26AS.
So if I fill my ITR as per data given in 26AS will it cause any issue as my form 16 details are not matching.
How can I say ‘yes’ or ‘no’..you may have to find out as to why are the details not matching.
I will try to see if I can ask my employer to revise it.
Anyways, A lot of thanks for your patience and time for continuously answering my queries.:D
Form 26AS is the valid document for IT department. They go by it. So, kindly keep that in mind.
Excellent writing Sreekant on Understanding your Form 16 & other Tax related forms (Form 16A & Form 26AS). Very informative.
Thanks a lot Suguna 🙂
Why HRA is not deducted in part A i.e. in amount paid/credited (Summary of amount paid/credited and tax deducted at source thereon in respect of the employee) but the same is dedcuted in part B.
Hence because of this there is an error while preparing returns.
Amount of salary disclosed in “income details/part BT1” is less than 90% of salary reported in TDS1
Unless I get to see your Form 16 / Form 26AS, it is difficult /also not advisable to provide further guidance.