Discrepancy in Form 16

52°
Deal Cadet
Musky

My employer has filled my HRA component in "Total amount of any other exemption under section 10" in Part B and "House rent allowance under section 10(13A)" is 0.

It is also not showing in AIS of neither me and nor my landlord.

When I asked finance guy to get it corrected it, he told me that govt portal is generating wrong info. I think their CA has wrongly filled the info and he is justifying it simply.

Can I face problems in future in case he does not get it rectified? He is very rude. 

How can I take it up with IT department?

@flash007 @third.i.financial.advisors @androgame @ others

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Deal Cadet Deal Cadet
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Anyone?

Deal Cadet Deal Cadet
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Don't worry about that. 

In IT return form make sure to fill all this details correct so that correct information will be with the IT department. 

In addition to this try to download 26 as forms under the income tax portal which will give you overall idea about how much tax and how many credits you have in rest you and which is under taxable income.

Also make sure to keep all the proofs ready every time whenever you finding such Descripancy and filling the income tax because you don't know when the enquiry for income tax return will come so we have to be prepared for the same.

Deal Cadet Deal Cadet
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yeah but employer is giving unnecessary headache by filling incorrect value. 😂

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Spearhead Spearhead
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Did you receive Form 16 from employer? It should show which category they have put HRA in (or if they have mentioned it at all).

Deal Cadet Deal Cadet
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They have put the HRA amount in Total amount of any other exemption under section 10.

House rent allowance under section 10(13A)
is 0.
Deal Cadet Deal Cadet
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Can it be a problem in future?

Deal Cadet Deal Cadet
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Company is saying they have filed the correction a week back... how much time does it usually takes to get the correct Form 16?

@third.i.financial.advisors

Benevolent Benevolent
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7 days as per income tax's website
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Deal Cadet Deal Cadet
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31st July 2024 is the last date for submission or verification?

replyuser
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