Part A lists employer TAN and tax deposited; Part B maps allowances, perquisites, deductions, and taxable income computed by payroll. Banks use Part A for loan proofs; the ITR uses reconciled totals.
HRA exemption mistakes happen when rent receipts were not submitted on time or metro classifications differ. Section 80C often shows PF but misses ELSS proofs if declarations closed early.
Bonuses paid in March sometimes land in the wrong financial year column if ERP configs lag — match bank credit dates.
Two Form 16s appear if you switched jobs; merge incomes carefully to avoid under-reporting or double-claiming deductions both employers gave.
Download AIS/ Form 26AS early — interest from co-operative banks or minor SB interest omissions show up there even if Form 16 stayed silent.
Related articles
More in Tax
- 7 min read
Old vs new tax regime — which saves you more money
There is no universal winner — your deductions, rent, and income mix decide the better choice.
- 7 min read
How home loan tax benefits work (80C, 24B)
Principal and interest belong to different sections — know caps, conditions, and construction timelines.
- 7 min read
PPF vs ELSS — which is better for tax saving
Lock-in length, risk, and flexibility differ — match the tool to the goal behind the tax saving.