ITR Filing: If you have changed jobs during the last financial year, then there is important news for you. While filing ITR, you have to keep in mind that due to change of job you will need Form 16 issued by both the companies while filing ITR. Let’s know the latest updates.
ITR Filing Latest Update: If you have to file income tax return for the last financial year i.e. 2021-22, some special things have to be kept in mind. Actually, for this year the Income Tax Department has started the e-filing portal. The last date for filing ITR for individual taxpayers is July 31.
These documents will be needed
For filling ITR on the e-filing portal, you must have some important documents, such as PAN card, Aadhar card, Form 16, bank account details, investment details with proofs and other income proofs. Apart from this, linking of PAN and Aadhaar is mandatory for filing ITR. Also your e-mail ID should also be registered with the Income Tax Department.
Keep this special attention
If you have changed jobs during the last financial year i.e. 2021-2022, know how you have to file ITR. For this, you will need Form 16 issued by both the companies while filing ITR. It is noteworthy that every year by June 15, it is necessary for companies to issue Form 16. Actually, this Form 16 contains the details of the salary received from the company. In this information is given that how much TDS has been deducted by the company during the financial year.
Add gross salary
While filling the ITR, keep in mind that there is a column of gross salary in Part B of Form-16. Add the deduction claimed by you and the allowances which are not chargeable to tax. According to the rule, in this you have to add the total gross salary received from both the companies. Apart from this, the amount of HRA, (HRA), LTA will also have to be added from both Form 16. By adding this, you will get the amount on which you have to claim tax exemption. That is, if you have joined a new job in this financial year, then definitely take care of these batons while filing income tax.
