Income tax returns filing #form16

Things to know:

Form 16

If you are salaried employee in an organization, then you will get the salary after deducting tax by the employer. This process is called as Tax Deduction at Source(TDS). Every company has to get the TIN. TINis Tax Identification Number. This number is issued to person who is responsible to deduct Tax on payments made to employees.
At the end of financial year, company must issue a form 16 which contains the details about the salary earned by that employee and how much tax deducted. It will have details on each month. In simple termsForm 16 is details about the tax deducted by the employer in behalf of employee. The same will be paid to governemt by the company. Many people thing that getting the Form 16 alone is enough for the tax filing. Tax payer has to use the Form 16 to file the IT return every financial year end.
For example, if you have worked in two different companies in the same financial year, he must obtain the two Form 16 to file the IT returns.

Form 16A

The purpose of the Form 16 and 16A is the same except the issuing person. Form 16is applicable only to the salaried employee. There is many other areas where TDS can be applicable like deducing the tax for interest earned by your Fixed Deposit in the Bank. Here bank is the person who deducts the tax. For every financial year they must issue a TDS certificate to the customer. They have to fill the Form 16A and hand over to the customer.


Tax return

There is a provision of refund of excess tax along with interest. For claiming a refund one has to file the income tax return within a specified period.

It is a Standard form provided by the tax authorities on which a taxpayer reports taxable income with permitted deductions and exemptions, and computes his or her tax liability.

More info on Income tax in India

Now that you understand what Form 16 is, you need to file the details furnished in the Form 16 on the  e-Filing Home Page, Income Tax Department, Government of India

A clear step by step procedure is given the the following pdf
Instuctions to file returns on incometaxindiaefiling.gov.in

FAQ
1. Where is the section/column to be filled to get HRA exemption under section 10(13a) in ITR1 form?

Ans. There is no separate HRA section in ITR1 form, so the when you specify your income, deduct the HRA amount and file it.

PS. Part of it is taken from Quora