The process of filing income tax returns has begun, but many salaried taxpayers are unable to file their returns due to not receiving Form 16. This form provides information about your income and the amount of tax deducted. Therefore, it becomes crucial for filing Income Tax Returns (ITR). Similarly, Form 16A and 27D are also important for ITR.
If you are planning to file ITR and don’t have Form 16 or require Form 16A and 27D, let’s find out how you can easily obtain them. Employers or companies often issue Form 16 by the end of May or before June 15. Let’s see how you can download it easily.
What is Form 16, 16A and 27D?
Form 16 is a document that includes all necessary details required to file income tax returns. It is mandatory for employers to issue this form to their employees upon completion of each financial year. Employers usually provide Form 16 to their employees by the end of May or before mid-June each year.
Form 16A contains details of TDS deducted, employer’s PAN and TAN details, quarterly details, and other information. Form 27D is a document that provides details about the deductions made over three months. It indicates whether the taxpayer has paid taxes to the government or not, making these documents essential for filing Income Tax Returns (ITR).
Where can you download this form?
Salaried employees can obtain Form 16 from their employer immediately after tax deductions for the financial year, on or before June 15 of the following year. Form 16 can be downloaded from the TRACES website, although not entirely. TRACES stands for TDS Reconciliation Analysis and Correction Enabling System, which is a system capable of analyzing and rectifying TDS-related issues.
How to download Form 16, 16A and 27D?
- Go to the TRACES website www.tdscpc.gov.in/en/home.html.
- Now, navigate to the ‘Login’ section and select ‘Taxpayer’ from the dropdown menu.
- Log in with your User ID, Password, and PAN.
- Go to the ‘View or Verify Tax Credit’ section.
- Choose the desired Final TDS Certificate 16/16A/27D.
- A page will open where you need to enter the Employer’s TAN, Financial Year, and Quarter for which the request is made.
- Under the dropdown for Provisional Certificate Type, select the option to download the desired Form 16, 16A, or 27D.