ITR, June 26 -- For salaried individuals, Form 16 is a crucial document for filing the income tax return (ITR). As per the regulations, employers must file their e-TDS return for the January-March quarter by 31 May. After filing, they must issue Form 16 to employees within 15 days, making 15 June the final deadline for issuing Form 16. So, most employees would have received their Form 16 by now.

Form 16 is a certificate issued by employers that furnishes details about the TDS (Tax Deducted At Source). However, Form 26AS also mentions TDS information. So, what exactly is the difference between the two?

Form 16 is a TDS certificate issued by the employer and mentions details regarding TDS deduction on salary. On the other hand, Form 26AS ...