Multiple Form 16

Multiple Form 16

  • Form 16 is a certificate issued by your employer every year. Multiple Form 16 is a certificate under section 203 of the Income Act, 1961 which certifies that TDS has been deducted from your salary by the employer. 

 

  • According to the income tax rules of India, if an employer deducts TDS on salary then he must issue income tax Form 16.

 

 

 

A person can have multiple Form 16 in two cases:

  • A person switches a job in the same financial year.
  • A person is working with multiple employers simultaneously

 

If Form 16 is not issued by the one employer as there was no tax deduction or for any other reason, you should yourself consider the salary received and tax deducted. You can get this information from the monthly salary slips or salary statements. This information along with the Form 16 issued by the other employer(s) can be used to file the personal tax return.

 

For Filling employer details in ITR  for Multiple Form 16

 

ITR  has just one row for filling in the details as shown in the image of filling Salary Details in ITR above and no employer details. So you have to do calculations yourself of your consolidated income, deduction, and taxes. So your consolidated salary would be the sum of   Income chargeable under the head Salaries (point 6) in all your Form 16.

 

Please remember that e-Filing of Returns/Forms is mandatory for assesse having total income of Rs. 5 Lakhs and above from AY 2021-22 and subsequent Assessment Years.

Income tax instructions are as follows:-

 

  • A person switches a job in the same financial year: In Name and Address of employer please fill in details of the employer from your last employer i.e. Current Employer.

 

  • A person is working with multiple employers: Please furnish the details of the employer from whom you have got more salary. So In Name and Address of employer please fill in details of the employer from whom you have got more salary. 

 

For Salary details, you need to add both the salaries, see if the exemption is taken care of twice, and calculate tax.

  upload form-16