Work out form 16 reconciliation instantly with clear inputs, formula shown and shareable results.
The employer's certificate covers only salary it processed. Income the employer never saw — interest, freelance receipts, capital gains — is taxed at your marginal rate on top, which is why a certificate almost never equals the final liability.
Reconciliation
Balance = tax on other income at the marginal rate, since salary tax is already deducted
Tax figures are estimates based on the rates, caps and thresholds you enter. Real rules differ by jurisdiction and change every year, and personal circumstances alter the outcome. This is not tax or financial advice — confirm with a qualified adviser.
Because the employer only accounted for salary. Other income carries its own tax.
The annual tax statement from the authority, which shows every deduction reported against your tax identification number.