Form 16 for 75,000 Mumbai Municipal Corporation Pensioners Released

Mumbai, August 30, 2024 — The Mumbai Municipal Corporation (BMC) has released Form 16 for approximately 74,952 of its retired employees today. This form is essential for pensioners to handle their income tax filings for the financial year 2022-23.

Details of the Release

Form 16, which is crucial for pensioners to manage their income tax and returns, has been made available online for 74,952 retired employees of the Mumbai Municipal Corporation. This action is part of the Corporation’s effort to facilitate the tax filing process for its pension holders.

Accessing Form 16

Pensioners can access their Form 16 through the BMC website. The form is divided into two parts:
- **PART A**: Contains details of the total income tax deducted by the BMC for the financial year 2022-23.
- **PART B**: Includes information on income, investments, and the corresponding income tax details for the same financial year.

Pensioners should click 'Download' to retrieve their Form 16. To calculate the correct amount of tax payable or any refund due, they should subtract the tax amount in PART A from the total tax payable listed in PART B. It is crucial to file the income tax return with the Income Tax Department within the prescribed deadline.

Availability and Deadline

The Form 16 for the financial year 2022-23 will be accessible on the BMC website until March 31, 2025. Pensioners are advised to complete their tax filings before this date.

Additional Instructions

For the financial year 2021-22, pensioners are required to submit Form 12BB to claim deductions for income tax savings investments and home loans. This form can be downloaded from the Income Tax Department's website at [www.incometaxindia.gov.in](http://www.incometaxindia.gov.in). Pensioners should fill out Form 12BB, including their PAN number, and submit it with all necessary details within the specified time frame.

Sulochana Kawade, Chief Accountant of the Treasury Department at Brihanmumbai Municipal Corporation, confirmed the availability of Form 16 and provided these instructions to assist pensioners in their tax filing process.