Filing your Income Tax Return (ITR) using Form 16 in India is a straightforward process. Form 16 is a certificate issued by an employer, detailing the TDS (Tax Deducted at Source) for an employee. Here's a step-by-step guide to help you file your ITR using Form 16:
Step 1: Collect Necessary Documents
- Form 16: Issued by your employer, containing details of your salary and the tax deducted.
- Form 26AS: A consolidated tax statement available on the income tax e-filing website.
- Bank Statements: For interest income.
- Investment Proofs: For deductions under Section 80C, 80D, etc.
