FORM 16 V/S FORM 26AS

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When filing your income tax return, discrepancies between Form 16 and Form 26AS can cause confusion. Form 26AS, along with the AIS report, should be your primary reference for actual income. If there's a difference, contact your employer to revise Form 16. Always ensure your tax return reflects the correct, actual income data, making necessary corrections to either form if needed.

TEDDU

TEDDU (Querist)
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25 June 2023 ONE OF MY CLIENTS HAVE LESS INCOME IN FORM 16 BUT IT IS HIGHER IN 26AS, BECAUSE ALL DEDUCTIONS OF LOAN ETC. HAVE BEEN ADJUSTED IN FORM 16 ,, WHICH INCOME SHOULD BE CONSIDERED TO FILE INCOME TAX RETURN?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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25 June 2023 Check AIS report & follow it.
In case there is any discrepancy, contact employer for revision.

TEDDU

TEDDU (Querist)
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02 August 2023 WHAT IF I CONSIDER INCOME OF FORM 16 ONLY.

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)
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20 August 2023 You should be filling the ITR with the correct actual data regardless of Form 16 or 26AS data. If required please have the corrections done in Form 16 or 26AS, if any

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