One can reduce their taxes by furnishing these forms in their ITR filing. Also TDS can be claimed from the Income Tax department. From the looks of the new Forms it can be said that, claims under ...

From next month onwards, i.e, from April 1, 2025, taxpayers can start filing their income tax returns for AY 2025-26. Employers will issue Form 16 to salaried employees, detailing salary, TDS, and key ...

If you are a salaried employee and filing your Income Tax Return (ITR) for the first time, then you must have heard of Form 16. It is an important document for employees to file their taxes. Let's ...

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 ...