As the financial year draws to a close, many salaried employees are preparing to receive their Form 16, a crucial document for filing Income Tax Returns (ITRs). Form 16, which details salary income, ...

Salaried individuals will shortly begin receiving Form 16 from their employers to initiate the income tax return (ITR) filing process for the Assessment Year 2025–26. This essential tax document is ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Tax deduction at source (TDS) or ...

ITR filing: Form 16, a crucial document for salaried taxpayers, is issued by employers, detailing TDS on salary. It contains vital information like employer/employee details, income earned, and ...

Form 16 Part A: Details of the TDS that is collected and deposited every quart, as well as the employer's PAN and TAN, are provided in Part A of Form 16. Taxpayers also need to keep their bank ...

Verify that salary income and TDS from all employers appear correctly in Form 26AS and AIS, as employers calculate tax ...

The deadline for filing income tax approaches each day, underscoring the importance for senior and super-senior citizens to grasp the specific tax benefits available to them. Many senior citizens ...

Banks deduct TDS when your interest income for a financial year crosses Rs 40,000. This interest income limit is Rs 50,000 for senior citizens under section 194A of the Income Tax Act. For tax ...