Filing your ITR without Form 16 is feasible by following these steps:
- First collect all your salary slips for the financial year to obtain details about your earnings, allowances, and deductions.
- Calculate all the total income by including basic salary, allowances (like HRA, LTA), bonuses, and other perks. Deduct applicable exemptions such as the standard deduction, HRA, and professional tax to arrive at your taxable income.
- Check Bank Statements such as interest or dividends, and include these in your total income.
- Download Form 26AS from the Income Tax website. This form provides a consolidated record of tax deducted and deposited against your PAN. Cross-check with Form 26AS for TDS accuracy.
- Review all the gathered information for accuracy. Once verified, proceed to file your ITR through the Income Tax Department's e-filing portal.
By meticulously compiling and verifying these documents, you can confidently file your ITR without Form 16.
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