ITR Filing: If you have also changed jobs during the last financial year, then there is very 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.
ITR Filing Latest Update: If you have also changed jobs during the financial year 2021-22, then you have to keep some special things in mind while filing income tax return. Actually, the Income Tax Department has started the e-filing portal. The last date for filing ITR (ITR Return) for individual taxpayers is July 31. Let us know which baton you have to keep in mind while filling ITR.
These documents are mandatory
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.
Things to keep in mind while filing ITR
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 worth noting that it is necessary for companies to issue Form 16 by 15th June every year. 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 that 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.
