Awaiting Form 16 to file ITR? Here's why your wait may be longer this year

Form 16 from the employer is needed to file income-tax returns as it contains details of the salary received by an employee and tax deducted on it

Are you planning to file your income-tax returns early but are not able to in the absence of Form 16? This time you might have to wait much longer than earlier years, as the Centre has extended the date for issuance of Form 16 by employers until August 15 in view of the ongoing coronavirus pandemic. The decision came on the heels of the deadline for filing of tax deducted at source (TDS) returns being extended to November 30. 

However, in the absence of Form 16, those looking to file their tax returns early could do so using their salary