Understanding & keeping in mind the times that we are in, we have further extended deadlines. Now, filing of ITR for FY 2019-20 is extended to 30th Nov, 2020. We do hope this helps you plan things better.#ITDateExtension#FacilitationDuringCovid#WeCare #IndiaFightsCorona pic.twitter.com/ZoGBpok3V7
— Income Tax India (@IncomeTaxIndia) July 4, 2020
Employees need Form 16 issued buy their employers to file income tax
returns as this form contains the details of salary received by them, tax deducted by the employer on that salary, and the deduction availed of by the employee.
It contains two parts. Part A of Form 16 has basic details of the employee, such as name and address, PAN and TAN details, the period of employment, details of TDS deducted and deposited with the government. Part B of Form 16 mentions the salary paid, any other income of the employee, deductions availed of, etc. Employers deduct TDS from salaries paid to their employees under Section 192 of the Income Tax
Under normal circumstances, the TDS return is required to be filed by May 31 of the financial year. Usually, within 15 days after filing of the TDS return — that is, by 15 June — employers have to issue Form 16 to employees, unless there is an extension of deadline.
For FY20, the deadline was initially extended to June 30 and later to July 31 followed by another extension till November 30.