About this plan
This plan is specifically designed for salaried individuals who have worked with more than one employer in a financial year and also have minor additional income, such as interest, rental/self-occupied house property, or agricultural income up to ₹5,000.
Switching jobs during the year can lead to underreported income or double deductions if not handled correctly. This plan ensures accurate tax computation, compliance, and maximum eligible refund—while keeping your return free of errors or mismatch notices.
Services Included
- Review and consolidation of multiple Form 16s
- Calculation of total taxable salary, adjusting for overlapping exemptions (e.g., standard deduction, HRA, etc.)
- Claiming eligible deductions under Section 80C, 80D, 80E, etc.
- Computation of income from: One house property (self-occupied or rented),Interest from bank deposits, FDs, RDs, Agricultural income up to ₹5,000
- Tax Computation under Both the Tax Regime Old and New Tax Regime. and filing as per the benefited Tax Regime.
- Tax filing for salaried individuals with single or multiple form 16 with a salary less than INR 1cr.
- Expert Assisted Tax Filing. | Call 011-45626514
Who Should Buy
How It's Done
This plan is equipped with end-to-end online fulfillment via our expert. No hassle, 100% Digital.
3 Days Estimate
- Upload Documents on Vault
- Review computation sheet
- Get ITR-V after e-filing
Documents Required
FAQs
What is Form 16?
- Form 16 is a certificate issued by your employer that provides details of your salary income and the TDS (Tax Deducted at Source) deducted and deposited with the government.
What is Multiple Form-16 ITR Filing?
This filing plan is designed for individuals who have worked with two or more employers in a financial year and received multiple Form-16s. It ensures accurate consolidation of income, correct tax computation, and proper ITR filing.
Who should opt for this plan?
You should opt for this plan if:
- You changed jobs during the financial year
- You have received two or more Form-16s
- You have salary income from multiple employers
- You also have other minor incomes (e.g., interest, rent, etc.)
Why is it important to consolidate multiple Form-16s?
- If you file ITR using only one Form-16 and ignore the other(s), it may lead to:
- Under-reporting of income
- Mismatch in TDS and income records
- Notices from the Income Tax Department
This plan ensures complete and accurate reporting.
What documents are required for this filing?
You will need:
- PAN and Aadhaar
- All Form-16s (from current and previous employers)
- Bank account details
- Interest certificates from banks/FDs (if applicable)
- Rent receipts (if claiming HRA not reflected in Form-16s)
- Tax-saving investment proofs (if not fully declared to employers)
- Salary slips (optional, if Form-16 is incomplete)
What services are included in this plan?
- Consolidation of income from multiple employers
- Cross-verification of TDS with Form 26AS/Annual Information Statement (AIS)
- Calculation of total tax liability/refund
- Filing of appropriate ITR (usually ITR-1 or ITR-2)
- E-verification support
- Post-filing guidance and refund tracking
What if my total salary is above ₹50 lakhs?
If your total salary after combining multiple Form-16s exceeds ₹50 lakhs, ITR-2 will be used instead of ITR-1. Our team will handle this as part of the plan.
Which ITR form is applicable in this case?
Usually:
- ITR-1 for total income below ₹50 lakhs with no capital gains
- ITR-2 if salary exceeds ₹50 lakhs, or you have capital gains, multiple house properties, etc.
Can I include other income like rent or interest in this plan? for salaried individuals?
Yes. Along with salary income, you can report:
- Savings/FD interest
- Rental income
- Dividend or capital gains (minor ones)
We ensure everything is captured in one return.
Is filing ITR compulsory if TDS is already deducted by both employers?
Yes. Filing is compulsory if your total income exceeds the basic exemption limit, regardless of TDS. It also helps in:
- Claiming refunds
- Carrying forward losses
- Avoiding income mismatch notices
- Serving as income proof (for loans, visa, etc.)
Can I claim deductions not shown in my Form-16s?
Yes. You can claim eligible deductions such as:
- Section 80C (LIC, PPF, ELSS, etc.)
- Section 80D (Mediclaim)
- Section 24(b) (Home loan interest)
- HRA (if rent was paid but not reflected in Form-16)
Just ensure you have valid proof.
Do I need to manually enter data from Form 16 into the ITR portal?
If you’re filing manually, yes. But the Income Tax portal also allows pre-filled ITRs, which automatically import Form 16 data (if the employer has uploaded it correctly).
Will I get a refund if excess TDS was deducted?
Yes. If your employer has deducted more TDS than your actual tax liability, you can claim a refund while filing your ITR. The refund will be processed by the Income Tax Department directly into your bank account.
What if there are errors in my Form 16?
You must immediately contact your employer and request a corrected Form 16. Filing ITR with incorrect Form 16 may lead to discrepancies and income tax notices.
What happens if I forget to report one Form-16?
Non-reporting of any Form-16 can lead to:
- Incorrect tax calculation
- Mismatch with Form 26AS/AIS
- Potential notice under Section 139(9), 143(1), or 139(1)
Hence, all Form-16s must be consolidated while filing.
Is e-verification of the ITR necessary after filing?
Yes. After filing, you must verify your ITR within 30 days (either digitally via Aadhaar OTP, net banking, or by sending a signed ITR-V to CPC Bengaluru). Only then will your ITR be processed.
Will the Income Tax Department contact me after filing the ITR?
If there are no discrepancies or issues, the department generally won’t contact you. However, you might receive a 143(1) intimation confirming your return or indicating any mismatch.