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income tax form 16

With the last date of Income tax return filing (31st July) approaching soon, it’s time to get the hang of Form 16

which you receive every year from your employer. Why Form 16 is issued? Do I have to check the details in it? What is its relation with Income Tax Return? Is Form 16 different from Income Tax Return? Is it mandatory to file income tax return when Form 16 issued? My employer is not giving me any Form 16, now how can I file my return? Let’s get the answers to all such ringing questions by decoding Form 16.

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Uploaded on May 13, 2017