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, ...

Tax deducted at source (TDS) is applicable on various types of incomes during a financial year. It is, however, important that you compare the TDS paid with the actual tax liability during a year to ...

ITR filing: Out of various income tax return (ITR) forms issued by the income tax department, most simple form is ITR-1. Many times, ITR-1 is filed by taxpayers as standard ITR form without ...

Form 16 makes it simple for salaried workers to document their Income Tax Return (ITR). It contains subtleties about your pay and tax deductions made by the business in the financial year. However, ...

The compliance cycle for January kicks off early. January 7, 2026, is the key deadline for depositing TDS and TCS deducted or ...

What is Form 71 important for incorrect TDS filing? Form 71 has been initiated in the wake of several taxpayers facing the issue of their tax being deducted in the financial year in which the income ...

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

Senior citizens can manage their Fixed Deposit interest income effectively. Banks deduct Tax Deducted at Source (TDS) on ...

Ideally, these forms should be submitted before the start of the financial year for which TDS is to be deducted or before the first income payment which is subject to TDS. (Image: Reuters) Question: ...

Indians earning below the tax threshold may soon be able to claim TDS refunds without filing a full income tax return, thanks to a key recommendation from the Select Committee on the Income-Tax Bill, ...