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How do I file income Tax Return if I have two form -16 from two different companies?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 preetham asked about 3 years ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 acharya answered over 2 years ago

U can hav any no. Of form16 while filing retuns. All u need to do is to add up ur salary frm all employers n mention it together. Tax will b calculated accordingly. And then u can add up data of tax paid from ur 26AS. U need to keep both form16 with u. Incase of any assessments over ur return u may b asked to reproduce the same

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered about 3 years ago

1st of all. In your case, it would be better if you file ITR 2 and not ITR 1. Because it will allow you to show both employer at the same time. If you will go to file ITR 2, there will be one option by which you can enter another employer and salaries from him. Mention all TDS deductions by both the employees there. visit [CAKART provides the best video Lecture and Online classes, coaching for Chartered Accountant CA FINAL, CA Intermediate | CA IPCC, CA Foundation | CA CPT Exams; Company Secretary CS FINAL] to avail discount use my ambassador code :CAKARTAMB1671782 for more article visit https://www.cakart.in/blog http://cakart.in

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Dimple answered about 3 years ago

U can hav any no. Of form16 while filing retuns. All u need to do is to add up ur salary frm all employers n mention it together. Tax will b calculated accordingly. And then u can add up data of tax paid from ur 26AS. U need to keep both form16 with u. Incase of any assessments over ur return u may b asked to reproduce the same. In that case u should show both of ur form 16 to the Assessing Officer as that would all together show ur income during the yr n tax paid or payable or refundable during the yr.

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