ITR Filing 2025: Form 16 will be available in a new format this year, know the reason

The Income Tax Department has released ITR Form 1 and 4. This time important changes have also been made in the format of Form 16. This update will help in making the ITR filing process simple and accurate. Let’s know

ITR Filing 2025: With the beginning of the financial year 2025-26, taxpayers have started preparing to file income tax returns in full swing. The Central Board of Direct Taxes (CBDT) has also released ITR Form 1 and Form 4 on Wednesday (30 April). Now it is expected that the remaining forms will also be notified soon. There have been major changes in the new ITR form. Salaried employees are also waiting for Form 16, which has made important changes.

What is Form 16?

Form 16 is the most important document for salary earners. The employer issues it to his employees, which contains information about their annual income and TDS (Tax Deducted at Source) deducted on it. It is proof that tax was deducted from your salary and deposited with the Income Tax Department.

How much tax was deducted and deposited every quarter.
This part is used to confirm TDS information.

Form 16 – Part B:

This is a type of annexure that gives details of salary breakup and deductions:
Tax-free allowances under section 10 (like HRA)
Deductions under section 80C, 80D etc. (LIC, PPF, health insurance premium)

Why is Form 16 important?

It confirms your income and tax at the time of ITR filing.
It serves as your income proof while applying for a loan.
If you have paid more TDS, it helps in claiming refund.
It increases the transparency of tax payment and exemptions.

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