Switched jobs in 2022-23? Consolidate multiple Form 16s accurately

If you find any discrepancy in the Form 16 received from employer, request the latter to amend it

Over the next couple of months, salaried individuals across the country will turn their attention to filing their income-tax returns (ITR). Central to this task is Form 16, a certificate of tax deducted at source (TDS) issued by employers to their employees. Companies’ human resource departments have started emailing it to employees. Form 16 contains details of salary income, deductions, and exemptions, and is crucial for accurate filing of tax returns.

Suresh Surana, founder of RSM India, emphasises on the importance of timely issuance of Form 16. “Employers should furnish Form 16 to employees by June 15 of the subsequent