Can We File ITR for FY 2024-25 Without Form 16?

Filing Income Tax Returns (ITR) is an essential annual task for salaried individuals and taxpayers in India. Usually, Form 16, the certificate issued by employers, is a vital document that helps simplify the filing process. But what if you don’t have your Form 16 for FY25? Can you still file your ITR? The short answer is: Yes, you can.

Lets take a look at how it can be done.

What is Form 16?

Form 16 is a certificate issued by your employer that details the salary paid and the tax deducted at source (TDS) during the financial year. It acts as proof of your income and tax paid, making it easier for you to file your returns.

Filing ITR Without Form 16

Though Form 16 is helpful, it is not mandatory for filing ITR. If you haven’t received Form 16 or have misplaced it, you can still file your return using the following alternatives:

1. Salary Slips: Use your monthly salary slips to calculate your total income.
2. Form 26AS: This is a consolidated tax statement available on the Income Tax Department’s website showing the tax deducted on your behalf and any other tax credits.
3. Bank Statements: To track additional income or deductions.
4. Other Income Proofs: Such as interest income, rental income, or investment proofs for deductions.

Steps to File ITR Without Form 16

• Calculate your total income from salary and other sources.
• Check your Form 26AS for tax deductions and payments.
• Fill out the ITR form (ITR-1 for most salaried individuals).
• Declare all income, deductions, and taxes paid.
• Verify and submit your return.

Why File Even Without Form 16?

Filing ITR is mandatory if your income exceeds the basic exemption limit. Even if you don’t have Form 16, filing your return on time helps avoid penalties and ensures compliance with tax laws. It also helps in loan applications, visa processing, and maintaining a financial record.

Read More: ITR Filing FY24-25: Is Dearness Allowance (DA) Taxable?

Conclusion

Not having Form 16 should not delay or deter you from filing your ITR for FY25. With proper records and careful calculation, you can file your return accurately. If you face difficulty, professional help from a tax consultant can guide you through the process.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.