Income Tax and TDS Update for FY 2024-25 for defence pensioners
SPARSH has announced that income and TDS (Tax Deducted at Source) details for the financial year 2024-25 have been processed and uploaded on the TRACES portal. Pensioners can now see these entries reflected in their Form 26AS statement. According to the announcement, FORM 16 will be made available shortly on the SPARSH Portal.
According to the SPARSH website, “Income and TDS (Tax Deducted at Source) details for the Financial Year 2024-25 have been processed and uploaded on the TRACES portal. The corresponding entries are now reflected in Form 26AS statements. Form 16 will be made available on the SPARSH Portal shortly. You may verify the details by logging into your income tax e-filing account and viewing your Form 26AS under the “View Tax Credit (Form 26AS)” section.”
What is SPARSH?
SPARSH offers services related to pension sanctions and disbursements for the Armed Forces, such as the Army, Navy, Air Force, and defence civilians. The portal is a centralised platform for defence pensioners to access all pension-related services, such as viewing pension details, pension entitlements, pensioner profile information, income tax forms, etc.
How to view/download your pension details?
SPARSH allows defence pensioners to conveniently access all essential documents and entitlements online. To view your details:
Step 1: Log in to your SPARSH account.
Step 2: Navigate to My Documents > Entitlements to view your pension components (Basic Pension, Disability Element, Gratuity, etc.).
Step 3: Access your PPO under My Documents > PPO.
Step 4: Download your Pension Slip from My Documents > Pension Slip.
How to view your projected tax details?
To view the projected tax summary for the current financial year:
Step 1: Log in to your SPARSH account.
Step 2: Go to Services > Projected Tax Summary.
This tool gives a clear estimate of your potential tax liabilities for the year based on your pension income.
How to download Form 16 through SPARSH portal
Step 1: Go to the SPARSH website, and log in using login ID and password.
Step 2: Go to My Documents and access Form 16.
Step 3: Download Form 16 PART A and B.