Four Items To Check In Form 16 When Filing An ITR

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[{"selector":"#anim-01c76d9d-237b-465e-8b1f-023ba385f55d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Before beginning to file your Income Tax Return (ITR), check the following 4 items on Form 16.

PAN Number

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[{"selector":"#anim-094b04fc-f879-4d4c-9b52-0babce1ad6bc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Verify the accuracy of the PAN Number provided in Form 16. If it is inaccurate, the TDS amount will not appear in Form 26AS, and you will be unable to claim a tax credit when submitting your ITR.

Tax-exempt allowances

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Summary of tax deducted

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TRACES logo on Form 16

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[{"selector":"#anim-d7b65f4e-8a9b-49fc-9eb1-db3b7a6a0806","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Before you fill out the Form 16 you receive from your company, check to see if it bears the TRACES emblem. Your employer must obtain an income tax form from the TRACES website.