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How to File Form 16 Online

While filing Form 16 online, keep your income statement, deductions proof and other documents handy. A session on Income Tax website auto-logs out in 15 mins.

  • 2,329 Views | Updated on: Mar 20, 2024

For salaried individuals, undertaking financial activities like investing money, building a robust financial portfolio, implementing tax planning, filing and paying taxes timely, etc., hold significant value. One such important financial task is filing income tax returns. However, the process of filing tax returns can be a tricky one, especially for taxpayers that do not belong to financial backgrounds and have little or no knowledge of the typical jargon and nuances of the form and its components.

When it comes to filing ITR, Form 16, a TDS certificate for salaried individuals, plays a significant role. To understand how to submit Form 16 online or how to file income tax returns online with Form 16, read this blog and make the filing process convenient for yourself.

What is the purpose of Form 16?

For the following reasons, Form 16 is an important document:

  • It is documentation that your employer has deducted and deposited your tax with the government.
  • It aids in the electronic filing of tax returns.
  • When you approach a bank for any type of loan, they generally ask for it.

What are the advantages of completing Form 16?

The following are some of the advantages of Form 16:

  • It serves as the individual’s “income from salary” declaration.
  • It aids in the preparation of income tax returns.
  • It is a document used to support the issuance of a visa.
  • It serves as proof of earnings.
  • It offers clarity on how taxes are calculated, paid, and refunded.
  • It facilitates tracking all tax-saving investments.

How to get Form 16 online?

The first step before you fill the form is to download it online. The following is the procedure for downloading Form 16 from the official website of the Income Tax Department:

  • Visit the Income Tax Department’s official website at https://www.incometaxindia.gov.in/Pages/default.aspx.
  • The ‘Income Tax Forms’ option can be found under the ‘Forms/Download’ section; select it.
  • The ‘PDF’ and ‘Fillable Form’ options are available under ‘Form 16’.
  • Select the appropriate option
  • On the following page, you will be able to download the form.

How to file Income Tax Return online with Form 16?

When filling your ITR, different specifics are available on Form 16. These particulars include the following:

  • All exemptions or allowances under section 10
  • The total amount of your taxable salary
  • Details of all the deductions as per section 16
  • Income from house property for which TDS is deducted for the assessment year
  • Income from other sources for which TDS is deducted for the assessment year
  • Details of all deductions as per Chapter VI-A of Income Tax Act, 1961. This includes all deductions under section 80C, section 80CCC, section 80CCD (1), section 80CCD (2), section 80CCD (1B), section 80D and section 80E
  • The average deductible amount under Chapter VI-A, including deductions as per section 10 and its sub-sections
  • Refund due or net tax payable

To file your income tax returns, some additional details from Form 16 are required. These are:

  • TDS by the employer
  • Employer’s TAN
  • Employer’s PAN
  • Employer’s name and address
  • Present assessment year
  • Taxpayer’s name and address
  • Taxpayer’s PAN

It is mandatory to file your income tax return,, even when your employer does not deduct income tax at source or fails to issue Form 16. Careful measures like getting Form 16 from all employers if you worked at multiple organizations in a financial year can prove to be highly beneficial. Be wise and file your tax return on time!

- A Consumer Education Initiative series by Kotak Life

Amit Raje
Written By :
Amit Raje

Amit Raje is an experienced marketer who has worked in various Fintechs and leading Financial companies in India. With focused experience in Digital, Amit has pioneered multiple digital commerce in India. Now, close to two decades later, he is the vice president and head of the D2C business department. He masters the skill of strategic management, also being certified in it from IIMA. He has challenged his challenges and contributed his efforts in this journey of digital transformation.

Amit Raje
Reviewed By :
Prasad Pimple

Prasad Pimple has a decade-long experience in the Life insurance sector and as EVP, Kotak Life heads Digital Business. He is responsible for developing user friendly product journeys, creating consumer awareness and helping consumers in identifying need for life insurance solutions. He has 20+ years of experience in creating and building business verticals across Insurance, Telecom and Banking sectors

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