Form 16 Tax

Verify income tax and TDS using your Form 16 data. Cross-check employer TDS deduction against your actual tax liability and find if you are due a refund.

Form 16 Tax Calculator

Verify TDS from Form 16 and find refund or balance payable

Gross salary (Form 16 Part B) Rs 12,00,000
Rs
HRA exemption claimed Rs 1,20,000
Rs
80C deductions Rs 1,50,000
Rs
80D (health insurance) Rs 25,000
Rs
TDS deducted by employer (Form 16 Part A) Rs 80,000
Rs
Tax regime Old
Tax refund / balance
---
--
Actual tax liability
---
your correct tax
TDS by employer
---
from Form 16
Gross salary---
HRA + standard deductions---
80C + 80D deductions---
Taxable income---
Refund (+) / Pay more (-)---

File ITR by July 31 to claim refund. Cross-verify with Form 26AS and AIS on income tax portal.

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ThriftRupee Insight

Form 16 is your tax passport -- but errors are common. Employers sometimes compute TDS incorrectly (wrong HRA exemption, missed 80C declarations, wrong regime). Always cross-verify Form 16 against your actual income and investments before filing ITR. The most common discrepancy: TDS computed on assumed investments that you declared at the start of the year but did not actually make. Difference = refund or additional tax -- both critical to catch before July 31 ITR deadline.

Form 16 Tax Calculator India 2026

Cross-verify your employer TDS from Form 16 against your actual tax liability. Find if you are due a refund or need to pay balance tax before filing ITR.

Frequently asked questions

What is Form 16 and how to use it for ITR?▼
Form 16 is the TDS certificate issued by your employer by June 15 each year. Part A: TDS deducted and deposited quarter-wise. Part B: Salary income breakup, exemptions (HRA, LTA), deductions (80C, 80D), and total tax computed. Use Form 16 Part B as the basis for filing ITR-1 or ITR-2. Cross-verify TDS with Form 26AS and AIS on the Income Tax portal.
What if my Form 16 shows wrong TDS?▼
If TDS is too low (under-deduction): You must pay the balance tax via self-assessment tax (Challan 280) before filing ITR. If TDS is too high (over-deduction): Claim refund in ITR. Common errors: wrong PAN, wrong HRA computation, missed investment declarations. Contact HR for a revised Form 16 if there are major discrepancies. Form 16 errors do not change your actual liability -- you are responsible for correct ITR filing.
What is the difference between Form 16 and Form 26AS?▼
Form 16: Issued by employer, shows salary TDS only. Form 26AS: The comprehensive tax statement -- shows all TDS (salary, FD, rent, professional fees), advance tax, self-assessment tax, and refunds. AIS (Annual Information Statement): Even more comprehensive -- includes interest, dividends, property transactions, foreign remittances. Always verify Form 16 against Form 26AS -- if TDS amounts differ, the issue lies with the employer's TDS deposit.

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