Changed Jobs This Year? Here’s How to File ITR with Multiple Form 16s!

Why This Is Trending:
With high attrition and job switches in 2024–25, many employees will receive two or more Form 16s. But if you file your return using only the latest Form 16, you may underreport income — and trigger a tax notice.

Here’s how to file ITR accurately with multiple employers — and get your refund without risk.

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1. Why Filing with Multiple Form 16s Needs Extra Attention

• Each employer calculates tax only on the salary they paid
• If you had 2 jobs, your total income may cross higher slabs — but that won’t reflect unless you combine both
• If you ignore the first job’s salary, it leads to underreporting and notice under Section 139(9)

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2. Steps to File ITR with Multiple Form 16s

Step 1: Collect All Form 16s

• Get Part A & Part B from both (or all) employers
• Download Form 26AS & AIS to cross-check TDS entries

Step 2: Add Salary from Both Jobs

• In ITR, declare total salary from all employers under “Income from Salary”
• Include bonuses, allowances, leave encashment (if any)

Step 3: Combine Deductions Correctly

• If both employers gave 80C/80D benefit, make sure total doesn’t exceed limits
  (e.g. 80C max = ₹1.5L, 80D max = ₹75K)
• Avoid duplication, especially on HRA and standard deduction

Step 4: Pay Self-Assessment Tax (if required)

• Use online calculator to compute final tax
• If underpaid due to slab jump, pay before filing to avoid interest

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3. ITR Form to Use

• Use ITR-1 or ITR-2, depending on other income (capital gains, etc.)
• You can e-file on incometax.gov.in or portals like ClearTax, Quicko, etc.

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Pro Tip:
Always use your Form 26AS + AIS as the master TDS reference. Form 16 mismatch is fine — but 26AS mismatch triggers scrutiny.