Remember, for filing ITR, Form 16 is not mandatory. Filing ITR will ensure receipt of refund of TDS done. Rs 2.5 Lakh and TDS has been done, you shall file income tax return. “If your total income is less than basic exemption limit i.e. Taxpayers can take all 12 months salary slip as the basis for the calculation of his Salary Income,” says Bangar.Īlso, many taxpayers want to file ITR especially those who have TDS to show and no other income. Form 16 includes Income chargeable under the head ‘Salaries’, any other income reported by employee, the various deductions under Chapter VI-A such as section 80C, Section 80D etc.īut, what if someone wants to file the ITR for assessment year 2021-22 without having received the Form 16? “If the employer fails to provide form 16 to the employee and the employee wants to file his income tax return, then the taxpayer can use his monthly payslip for calculating his salary income for the financial year. Form 16 is a summary of the total amount paid and is basically the TDS certificate for the employee. The tax at source is already deducted by the employer before crediting the bank account of the employee with the monthly salary. New deadline for employer to issue Form 16 to employee is July 31, 2021,” informs Bangar.
![what is the due date for 2016 tax extension what is the due date for 2016 tax extension](https://www.aslcpa.com/wp-content/uploads/2016/11/Table-2.png)
For FY 20-21, CBDT has extended the due date to issue Form 16. “As per the Income Tax Act, employers should issue Form-16 to the employee before 15th June every year after the end of the Financial Year. However, the last date by which the employers can provide Form 16 to their employees has also been extended. Salaried employees get Form 16 from their employers which help them in filing the ITR. For FY 20-21, CBDT has extended the due date to file Income Tax Return of Individual Taxpayer to Septemand now the Individual Taxpayer can file his Income Tax Return till 30th September,” says Sujit Bangar, Founder. “As per Income Tax Act, Due date for filing Income Tax Return of Individual Taxpayers is 31st July.
![what is the due date for 2016 tax extension what is the due date for 2016 tax extension](https://venturebeat.com/wp-content/uploads/2016/10/Screen-Shot-2016-10-16-at-4.15.02-PM.png)
The ITR filing last date is generally July 31 of the year till which the returns can be filed for the relevant assessment year.
![what is the due date for 2016 tax extension what is the due date for 2016 tax extension](https://www.financialexpress.com/wp-content/uploads/2017/07/tax-7-620x400.jpg)
The last date to file income tax return (ITR) for the financial year 2020-21 has been extended till September 30,2021.