ITR Filing 2025: Switched Jobs This Year? Here's Why You Need Multiple Form 16s for Tax Filing!

If you're among the many who've switched jobs multiple times within the last financial year, tax season might seem a little more complicated. The good news is, understanding Form 16 and how it applies to your situation will make filing your income tax return much smoother. The key takeaway? You'll need a Form 16 from each employer you worked for.

Form 16: Your Tax Snapshot from Each Employer

Form 16 is essentially a certificate issued by your employer, detailing your salary and the tax deducted at source (TDS) for the financial year. It's issued under Section 203 of the Income Tax Act and serves as a vital document for filing your income tax return. When you switch jobs, each employer you've worked for will independently deduct TDS based on the income they paid you. This means each employer is responsible for providing you with a separate Form 16.

What Each Form 16 Holds

Each Form 16 you receive will be split into two parts:

• Part A: This section from each employer will contain common details like your name, their address, and their PAN and TAN numbers. Crucially, it will show the amount of tax they deducted from your salary and when they deposited that TDS with the government.
• Part B: This part from each employer will provide a detailed breakup of the salary you received from that specific employer, any tax-exempt allowances you claimed through them under Section 10, and deductions you made through them under Chapter VI-A. This helps calculate the net taxable income for the period you were employed with them.

Navigating Deductions Across Employers (Chapter VI-A)

The Income Tax Act allows various deductions under Chapter VI-A to reduce your overall taxable income. These include popular sections like:

• Section 80C: For investments in life insurance premiums, PPF, ELSS, etc.
• Section 80CCC: For contributions to pension funds.
• Section 80CCD(1): For employee contributions to pension plans.
• Section 80CCD(1B): For additional self-contributions to notified pension plans.

When you have multiple Form 16s, you'll need to consolidate all your income and deductions from each employer to arrive at your total taxable income for the entire financial year. It's important to avoid claiming the same deduction more than once across different employers.

When to Expect Your Form 16

The deadline for employers to submit the FY 2024-25 Form 16 was June 15, 2025. This means your previous employers should have issued you your respective Forms 16 by this date, provided your income with them was taxable and TDS was deducted. Employers who fail to meet this deadline face a penalty of ₹100 per day.

Read more: ₹1 Crore with SIP: Is ₹8,000 Monthly Investment Enough for Over 20 Years?

Conclusion

If you've navigated multiple career moves this year, rest assured that filing your taxes is manageable with the right approach. Collecting a Form 16 from each of your previous employers is the crucial first step. Consolidate the information from all your forms to accurately report your total income and claim all eligible deductions, ensuring a smooth and compliant tax filing experience.

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 own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.