Adani Enterp. 2496.45↓-37.60(-1.48%)
Adani Ports 734.05↓-3.45(-0.47%)
Apollo Hospitals 4599.15↓-41.30(-0.89%)
Asian Paints 3144.40↑7.00(0.22%)
Axis Bank 937.45↑7.65(0.82%)
B P C L 360.40↓-1.30(-0.36%)
Bajaj Auto 4591.90↓-26.60(-0.58%)
Bajaj Finance 7005.80↑73.75(1.06%)
Bajaj Finserv 1465.85↑16.30(1.12%)
Bharti Airtel 818.45↓-2.80(-0.34%)
Britannia Inds. 4573.25↓-2.00(-0.04%)
Cipla 959.85↑3.60(0.38%)
Coal India 244.30↓-1.80(-0.73%)
Divi's Lab. 3458.00↓-19.85(-0.57%)
Dr Reddy's Labs 4518.90↓-37.35(-0.82%)
Eicher Motors 3678.35↓-33.10(-0.89%)
Grasim Inds 1725.15↑11.85(0.69%)
H D F C 2693.35↑2.80(0.10%)
HCL Technologies 1135.85↑9.65(0.86%)
HDFC Bank 1636.75↑1.25(0.08%)
HDFC Life Insur. 585.15↑6.10(1.05%)
Hero Motocorp 2779.15↑2.25(0.08%)
Hind. Unilever 2656.55↑6.25(0.24%)
Hindalco Inds. 413.10↓-6.80(-1.62%)
ICICI Bank 949.95↑1.80(0.19%)
IndusInd Bank 1293.25↑8.30(0.65%)
Infosys 1323.85↑9.45(0.72%)
ITC 449.90↑0.80(0.18%)
JSW Steel 704.60↑2.40(0.34%)
Kotak Mah. Bank 1974.70↑21.50(1.10%)
Larsen & Toubro 2210.80↓-13.75(-0.62%)
M & M 1328.45↓-1.70(-0.13%)
Maruti Suzuki 9383.35↑49.85(0.53%)
Nestle India 21574.45↓-155.00(-0.71%)
NTPC 176.80↑0.50(0.28%)
O N G C 158.85↓-0.15(-0.09%)
Power Grid Corpn 235.10↑0.60(0.26%)
Reliance Industr 2519.95↓-0.65(-0.03%)
SBI Life Insuran 1215.90↓-2.20(-0.18%)
St Bk of India 592.80↓-2.20(-0.37%)
Sun Pharma.Inds. 959.60↓-8.85(-0.91%)
Tata Consumer 790.90↓-3.35(-0.42%)
Tata Motors 518.80↓-2.65(-0.51%)
Tata Steel 107.05↓-1.40(-1.29%)
TCS 3316.20↓-4.15(-0.12%)
Tech Mahindra 1098.40↓-15.65(-1.40%)
Titan Company 2802.50↓-9.75(-0.35%)
UltraTech Cem. 7901.95↑61.40(0.78%)
UPL 689.05↓-0.95(-0.14%)
Wipro 402.50↑2.70(0.68%)

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

Bindisha Sarang

Premium

4 min read Last Updated : May 30 2023 | 8:25 PM IST

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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 financial year. For instance, employees should receive their Form 16 for the fiscal year 2022-23 no later than June 15, 2023,” he says.

Form 16 consists of two distinct parts: Part A and Part B. Part A includes essential details such as taxpayer and employer information, service period, and the amount of tax