The Ministry of Defense has recently released Form 16 for the financial year 2024-25 on the SPARSH portal. This Form 16 is an important document, which gives complete information about the tax details (TDS i.e. Tax Deducted at Source) deducted on your pension. There is big news for pensioners retiring from defense services. Actually, this time there has been an important change in filing Income Tax Return (ITR) for those taking pension through SPARSH portal. Now there is no need to wander here and there to download Form 16. The Ministry of Defense has made Form 16 available on the SPARSH portal for the financial year 2024-25. So, let’s know what is this Form 16, how to download it, and how to check your tax details.
Now tax filing will be easy
The Ministry of Defense has recently released Form 16 for the financial year 2024-25 on the SPARSH (System for Pension Administration Raksha) portal. This Form 16 is an important document that gives complete information about the tax details deducted on your pension (TDS i.e. Tax Deducted at Source). If you are preparing to file income tax return, then this form is very important for you. You can easily download it by logging on to the SPARSH portal.
What is SPARSH Portal?
SPARSH i.e. System for Pension Administration Defence is a digital platform of the Ministry of Defence, which manages all the services related to the pension of defense pensioners. Be it pension disbursement, checking tax details, or any other pension related work, everything is done on this portal.
General government pensioners get Form 16 from their pension disbursing authority, but for defense pensioners, SPARSH is the only place from where this important document can be downloaded.
Why is it necessary to download Form 16?
Calculation of TDS: Form 16 tells you how much tax has been deducted on your pension. If there is any mistake, you can correct it beforehand.
Proof of income and tax: While filing ITR, Form 16 is the proof of your income and tax payment. Without it, there can be problems in tax filing.
Timely correction: If there is any mistake in TDS, then by checking Form 16, you can get it corrected immediately, so that there is no tension of tax notice later.
How to download Form 16 from SPARSH portal?
Now let’s come to the real issue. How to download Form 16? So for this, just follow some easy steps, and your work will be done.
Go to SPARSH website: First of all type https://sparsh.defencepension.gov.in in your browser and open the site.
Login: Login to the portal using your SPARSH ID and password. If you have forgotten the password, then recover it from the ‘Forgot Password’ option.
Go to My Documents section: After logging in, the ‘My Documents’ option will appear on the dashboard. Click on it.
Download Form 16: Here you will find Form 16 for the financial year 2024-25. Download it and save it in your system.
How to check tax details?
Form 16 is fine, but there is another great feature on the SPARSH portal, which makes your tax planning easier. That is Projected Tax Summary. This feature gives you an idea of ​​your tax liability based on the pension for the whole year. Meaning, you will know in advance how much tax you may have to pay. With this, you can plan deductions or advance tax in a better way.
How to check Projected Tax Summary?
- Login to SPARSH portal: Login to your account in the manner mentioned above.
- Go to Services section: Click on the ‘Services’ tab on the dashboard and select the ‘Projected Tax Summary’ option there.
- Check tax details: Here you will see the estimated tax on your pension. Check it carefully and consult your CA or tax advisor if needed.
