Call it a myth or just lack of awareness, but most startups are not aware that they have to generate Form 16 for all of their salaried employees, even when there is no TDS deduction because the salary ...

The Form 16 is a crucial tax sheet that includes all the necessary details required for an employee to file their Income Tax Returns (ITR). Employers are required to provide Form 16 to their employees ...

You will soon get Form 16 from your employer. This year, the Income Tax department has revised the format of Form 16 by adding various details to make them more elaborative. The changes in Form 16 ...

ITR: If you are a salaried individual, Form 16 is a crucial document for filing the income tax return (ITR). Employers are required to file their e-TDS return for the January–March quarter by 31 May.

1. To ensure generation of accurate TDS certificate in Part B of Form No. 16, the deductor(s) need to report correct data in Annexure II of Form 24Q. The TRACES generated Form No. 16 shall have a ...

Since Form 16 has a detailed breakup of your salary, it helps you immeasurably while filing your income tax return. You will get your salary information (segment-wise) from Form 16 and fill out that ...

Income Tax Return (ITR) filing 2024: It is that time of the year again when thoughts turn from day-to-day chores and increasingly focus on paying your taxes for the fiscal just gone by. While most ...

The tax authority has released ITR Forms for FY 2022–23 on February 10. The last date to file the Income Tax Return (ITR) for the financial year 2022-23 (assessment year 2023-24) is July 31, 2023, ...

We often think that Form-16 is only used for filing tax returns. Most employed people receive it every year from their companies, and upon receiving it, we simply use it when filing their ITR. But did ...