As the new financial year commenced on 1 April 2025, taxpayers across India are preparing to file their Income Tax Returns (ITRs) for the previous financial year, with the Income Tax Department ...

Salaried individuals who file income tax returns annually should take note of key changes introduced by the Income Tax Department in the format of Form 16—the document that outlines salary, tax ...

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.

The new financial year began on April 1, prompting taxpayers across the country to prepare for filing their Income Tax Returns (ITR) for the previous year. The Income Tax Department has already ...

The Central Board of Direct Taxes (CBDT) has issued a new circular, which states the new rules for tax deduction from salary under section 192 of the Income Tax Act, 1961. It also includes the changes ...

In a move aimed at simplifying the income tax return process, the Income Tax Department has announced the launch of Digital Form 16, an electronic version of the traditional Form 16. This initiative ...

The new financial year started on April 1, and with this, the new income tax return (ITR) filing season began. The Central Board of Direct Taxes (CBDT), as part of its routine annual exercise, ...

ITR filing FY 2024-25: For fiscal year 2024-25, Form 16 will reflect changes like increased standard deduction under the new tax regime. It will also show tax deductions from other income sources.

As the tax season approaches, the average salaried employee finds themselves juggling with a plethora of documents, doubts and deadlines. Amid this maze of essential documents, Form 16 stands out, not ...

ITR filing FY 2024-25: Salaried taxpayers preparing to file their Income Tax Return (ITR) for AY 2025-26, with a deadline of September 15, 2025, should have their Form 16 ready. This form, ...

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 ...

Form 16 is a key document that salaried employees typically rely on when filing their income tax returns (ITR). Issued by the employer, it provides a summary of salary paid and tax deducted at source ...