Fun Form 16 And 26as
Discrepancy between Form 16.
Form 16 and 26as. However one step that most of us overlook is to ensure that all the details in the Form 16 are accurately matched with Income Tax Form 26AS. One of the key bits of information available from Form 16 Part A is a detailed record of the TDS deposits made by the employer on behalf of the employee. Perform the following steps to view or download the Form-26AS from e-Filing portal.
Form 26 AS allows you to correlate the TDS data provided in Form 16 with the government records. What is the difference between Form 16 and Form 26AS. Logon to e-Filing Portal wwwincometaxindiaefilinggovin.
Both the forms are explained with the help of real example for the clarit. Go to the My Account menu click View Form 26AS Tax Credit link. It provides details of income as well as taxes that the deductor has deducted.
You can now view online or download Form 26AS. While you receive your Form 16 from your employer you are given Form 16A by your bank. In this video we have explained everything about form 26 AS and form 16 form 16A.
TDS provided in Form 16 can be cross-checked through Form 26AS. Things to Verify in Your TDS Certificate with Form 26AS. But Form 16 from employer shows salary from May 2020 onwards.
So TDS deductions that are given in Form 16 Form 16 A can be cross checked using Form 26AS. Such errors should be corrected by income tax department officials. Difference between Form 16 and Form 26AS.