If you are a salaried person, you will get the Form 16 from your employer to file the IT returns. Form 16 is the form which shows the details of your total income and how much tax deducted by your employer. It is the duty of your employer to provide the Form 16 for every financial year. If you are not aware of form 16, please read What is Form 16?. This article provides some inputs when your form 16 has the wrong data and how you can change that while filing the IT returns. If you have any doubts, post it in the comments section. Please subscribe to our future articles here.
Wrong Form 16 Data
There is chance for the mistake while issuing the Form 16. Here mistake means, there can be less deductions shown in the form 16. The following are few reasons why form 16 can have wrong data:
- If you have not submitted the proofs of all the investments, it would not have mentioned in the form 16.
- You may forgot to submit the bills for all the investments.
- If employer did not accept your rent receips for the HRA exemption.
- May be you have decided to submit the proof at the end of financial year, after issuing the form 16.
In the above case, it is your responsibility to correct the data while filing the IT returns. You can mentioned the correct information and wait for the refund from the income tax department. This will be a tedios process and takes long time. It is always advised to submit the proofs on time and valid bills for all the deductions to avoid the excess tax cut.
Summary
If you have not submitted the bills, don’t worry about that. Still you have the chance to get refund. Only thing is it takes more time. Hope this article helps to understand the form 16. If you have any doubts please post it in the comments section.
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December 11, 2009 at 7:32 am
Hi,
I wanted to know how long does it take to get the IT refund? I have claimed some returns while filing the IT returns for year 06-07 from Bangalore and 07-08 from Hyderabad, but still haven’t received any update from the IT department. Can you please let me know as to which whom and how to follow up on this?
Thanks,
- P
January 20, 2010 at 12:08 am
If the gross salary is not come under the slab of tax payer for example Rs.100000/-. Still the form 16 issued by the employer to the employee ?
January 20, 2010 at 12:46 am
Hello Sudha,
If tax is not deducted, there won’t be any form 16.
Thanks,
Krishna
March 8, 2010 at 2:46 am
If a staff joined in Jan-10, and his pay was applicable for TDS in previous company. In new company, this pay in prev.co. taken for calculation of TDS in new co. While issue of form-16 in new co. whether the pay information of previous company will include or not.
March 17, 2010 at 11:20 am
I AM WORKING AS A CONSULTANT .
I AM PAYING SERVICE TAX AS PER RULES – 10%.
Do I HAVE TO PAY INCOME TAX ALSO.? PLEASE CONFIRM
REQUEST FOR AN EARLY REPLY
ROHIT
July 26, 2011 at 11:21 am
Dear Sir,
How much the maximum amount that can be exempted under HRA exemption or it is a maximum as the employer provide it to the employee.
One more thing, when we can apply for HRA exemption by showing the rent slip, is it should be deposited on monthly basis or we can send it once in a year for all 12 months to avoid TDS.
July 27, 2011 at 11:41 pm
Dear Sir,
I worked for two company for the finacial year 2010-11, First company 10 months and 2nd company 2 months.
so, I have two form 16s. In second company they didnt deduct any income tax and even HRA(I didnt submit the rent bill).
Shall I deduct HRA for second company while filing IT-Returns now. If yes what documents need to sumbit for the same
Thanks,
Guru
January 4, 2012 at 4:48 am
Dear Sir,
Whrer Shall i submit Form 16 after filling the form.
Regards,
Sunil
January 13, 2012 at 12:48 am
if the form16 issued from the employer is lost and sources to get the second copy is not possible to get,then to retreive the data of the form 16 of the previous years ,what is the solution , is there any option from getting through pan card .
March 21, 2012 at 9:10 pm
Can Form 16 include payment not made to the salaried person? I have been given a form 16 by my employer. It includes some amount that they have not paid during the year of reference. The same amount has not been paid even after 12 months of the previous financial year. Kindly suggest what to do?
March 22, 2012 at 6:54 pm
Hi Nabrun,
Form 16 would have only the tax deducted at source.
Thanks,
Krishna
July 9, 2012 at 11:56 pm
what is the document submit in income tax office,with form 16,
some one can give details .
July 11, 2012 at 10:45 pm
Nice to see this information clearly put on a single page.
I have a different set of incorrect information in my latest Form 16 – which is not covered in the article.
I worked in my last firm from Aug 2012 till 14th April 2011 (14 days in FY 2011-12). I asked for the Form 16 for these days and got it through mail after painful reminders and a long wait. In it, my salary details are incorrect – they are significantly higher that what I actually got for that duration.
I have to file tax return as soon as possible -kindly suggest:
1. How to get that information corrected.
2. I suspect that contacting my previous company for #1 will cause a big time delay, and the date to file the tax return will pass – what do one do in such a scenario so that s/he should not default in filing the returns.
July 16, 2012 at 12:02 pm
hi , my form 16 is not showing hra . what should i do now