![]() It also includes your salary breakup of the financial year. It comprises details of the amount of tax deducted at source (TDS) on salary by your employer. You can use our income tax calculator to calculate your tax liability on your taxable income.įorm 16 is issued in accordance with provisions of the Income Tax Act, 1961. Form 16 is very important for filing returns as it certifies the deduction of ‘Tax deducted at source’ on the salary by employer.įind out more about filing your ITR online with Form 16, by reading along. Filing Income Tax Returns online for the first time can appear tricky, but when you are aware of the procedures for filing returns, you can make it a matter of just a few minutes.
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