Form 16 is a salaried individual’s most important tax document. It is a statement of the tax deducted at source (TDS) or the tax that an employer deducts at its end from your monthly salary and deposits with the government on your behalf.

Form 16 comes in handy when you are filing your income tax returns as it helps you calculate how much tax you have already paid and how much is due.

Even though you have quit your job, you will get your Form 16 from your previous employer. So, ensure you reach out to your previous employer for your Form 16 of the preceding financial year well before the IT return filing deadline.