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Tax filing witout form 16

Urmila Gavankar (Process Lead) (27 Points)

23 July 2013

Hi, I have changed my Job in month of november 2012. My earlier company has provided me with Form 16. However my new organisation has not considered my previous income, due to which my Tax liability was nil for Period December to March 2013. Hence no tas is deducted. Also new company has not given Form 16. Additionally none of the company has considered my Investments. Please guide me with the procedure to file return.

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11 Replies

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3469 Points)
Replied 23 July 2013

You may contact me at the email ID given in my profile to help you for filing of ITR. Regards,

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rahul (CA) (83 Points)
Replied 23 July 2013

you will have to file a return declaring your total income from both enployers and you can declare your investments and avail deduction benifits as how they apply.

1 Like

Urmila Gavankar (Process Lead) (27 Points)
Replied 23 July 2013

Thanks... Can u guide me wt procedures? Do i have to with the help of CA or i can do it on my own?

rahul (CA) (83 Points)
Replied 23 July 2013

it would be better if you consult a CA. see a CA who is hired by your family or some relative or friends.

Mihir (Wealth Manager) (5293 Points)
Replied 23 July 2013

Compute your salary income from both org from 1st April 2012 to 31st March 2013.

Compute your other income like interest recd from saving account etc

Compute your investments made in insurance, provident fund, saving schemes, etc

Compute your tax liability and deduct TDS of your previous org (check 26as).

Tax liability - TDS = self assessment tax payable.

1 Like

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heena (student) (86 Points)
Replied 23 July 2013

HI, IN F/Y 2012-13 I WAS EMPLOYED WITH 2 EMPLOYERS. APRIL TO JUNE-8500 P.M.AND FROM19 JULY TO15FEBRUARY-11000P.M

MY P.F WAS DEDUCTED AND NONE OF MY EMPLOYERS GAVE ME FORM 16 AS MY INCOME WAS NOT TAXABLE NOW HOW I SHOULD I SHOW THIS IN MY RETURN . HOW MUCH BASIC INCOME SHOULD BE SHOWN ,HOW TO CONSOLIDATE THE INCOME.

PLEASE REPLY

Urmila Gavankar (Process Lead) (27 Points)
Replied 23 July 2013

Hi Mihir. Thanks for reply. Just one query can i use Saral form 1 to file return on my own and can i update investments made by me in PY12-13. Or do i need to have it done by CA

Mihir (Wealth Manager) (5293 Points)
Replied 24 July 2013

If your exempt income from salary such as HRA, conveyance, allowance etc is more than 5000 aggregate in a financial year, then use ITR-2.

If you are earning salary and interest from saving account only, then use ITR-1 sahaj/saral.

Yes, you can file your returns on your own.

You need to take a print of 26AS. Have a copy of TDS certificate you received from your former employer. Have the bank statement showing interest received in the financial year.

Open the excel file of ITR-1, enable marco and fill in the details very carefully.

In case you don't know your AO, then go to the incometax website, and search for your jurisdiction with your PAN.

jaimin (Finance Executive) (465 Points)
Replied 24 July 2013

ITR 1 can be filled online for which u will have to select certain options available which is more easier

Urmila Gavankar (Process Lead) (27 Points)
Replied 24 July 2013

Thank you all of you. Till now i myself has done online E-filing using ITR form 1. Now i am confused because Form 16 was issued by my Company so far. But here i dont have it for company and nieter of them have considered my investments. I have follwoing 2 questions if i can file with ITR 1

Can i update only one Employers data about TAN & TDS?

Can i updated the Investment done by me on my own or i need to get it verufied from any CA?

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Varma (Senior Process Executive) (305 Points)
Replied 24 July 2013

you should verify your AS26 and you can find tan no's of both the employers.You can update your investment on your own if you have proof of investment done by you.