Filing your Income Tax Return (ITR) can be a complex task, especially if you're doing it without professional help. For salaried individuals, Form 16 is a crucial document that simplifies the process by providing details of salary earned and the tax deducted at source (TDS). If you've received your Form 16 and are preparing to file your ITR, it's important to first review the form thoroughly to ensure accuracy.

What is Form 16?
Form 16 is a certificate provided by your employer, detailing your salary and the TDS deducted from it during the financial year. It’s typically issued after the financial year ends, and by June 15. For senior citizens who earn income from pension and interest through the same bank, the bank may also issue a similar certificate.

What Does Form 16 Contain?
Form 16 has two parts:

• Part A: This section includes basic information like your name, PAN, your employer’s name and PAN, the employer’s TAN (Tax Deduction and Collection Account Number), and the period of the certificate. It also includes a summary of the salary paid and the tax deducted.

• Part B: Here, you’ll find a detailed breakup of your income, including salary or pension, other income (like interest or house rent), exemptions (like HRA and LTA), standard deductions, and deductions under Chapter VI-A (such as 80C for investments and 80D for health insurance).

Additionally, your employer might also provide Form 12BA, which includes information about perks like rent-free accommodation, gifts, or ESOPs.

Review Form 16 Before Filing Your ITR
Once you receive Form 16, it’s essential to go over it carefully before proceeding with your ITR filing. Start by ensuring that your personal information, such as your name and PAN, is accurate. Next, verify the details related to your employer, salary, exemptions, deductions, and the total TDS deducted. Make sure that the figures in both Part A and Part B match. If you notice any discrepancies, reach out to your employer for corrections.

Although the usual deadline for filing ITR is July 31, this year the Income Tax Department has extended it to September 15, 2025. However, it’s always advisable to file early to avoid the last-minute rush. By understanding and reviewing Form 16 carefully, you can streamline your ITR filing process and reduce the chances of making mistakes. Taking the time to double-check will save you from potential issues down the line.