Compare Form 16 and 26AS carefully, alert employer promptly on errors

Deductions missed in Form 16 due to late or non-submission of proofs can still be claimed while filing return

premium

Form 16’s accuracy depends entirely on the correctness of the data fed into it.

Himali Patel Mumbai

4 min read Last Updated : May 26 2025 | 9:52 PM IST

Listen to This Article

Don't want to miss the best from Business Standard?

Employers will soon issue Form 16, as they are mandated to do so by June 15. Salaried individuals must understand how to use this document effectively while filing their income tax returns (ITRs).

Significance of Form 16

Form 16 is a key document for salaried individuals. “It serves as an essential certificate of tax deducted at source (TDS) on salary income by the employer,” says Suresh Surana, a Mumbai-based chartered accountant.

It consolidates salary income, deductions, and taxes. “It simplifies the tax filing process by making all the relevant data readily available,” says Shefali Mundra, tax expert at ClearTax.

Form

Topics : Form 16 Income Tax filing income tax returns