An employer who has deducted tax under Section 192 from the employee’s salary must issue a TDS certificate to her in Form 16
While filing income-tax returns (ITR), begin by checking Form 26AS and comparing it with Form 16. If there are discrepancies in the figures quoted in the two documents, get them corrected to avoid adverse consequences.
Form 26AS a crucial document.
Says Kapil Rana, founder and chairman, HostBooks: “It is the consolidated annual tax credit statement linked to your permanent account number (PAN), which includes details of tax deducted at source (TDS), tax collected at source, advance and self-assessment tax paid, and refund received.”
First Published: Jun 22 2021 | 06:10 AM IST