How to file income tax return using Form 16? A step by step guide
March, 27th 2023
Form 16/ 16A is the declaration of tax deduction at source provided by the employer on behalf of the employees. Form 16 is released yearly for the preceding fiscal year, generally before the end of May which runs from April 1st to March 31st. It is an important document for salaried employees since it enables them in preparing their income tax returns and claiming any tax refunds that may be available. Based on an interview with different tax experts, here's how tax experts can file an income tax return using Form 16.