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 ...

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 ...

Form 16 is a very important document for salaried people during income tax return (ITR) filing. It shows how much salary you earned and how much tax was deducted by your employer. Every year, ...

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 ...

India’s salaried workforce is witnessing a pivotal shift in the way income tax returns are filed, as Digital Form 16 becomes central to a broader digital governance push spearheaded by the government.

Digital Form 16 represents more than a new format, it symbolises how India is embracing technology to make financial processes more inclusive, efficient, and transparent. In recent years, India has ...

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 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, ...

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 ...

For salaried employees, Form 16 is not only a regular form—it's the basis of your income tax return. Your employer issues it with a comprehensive breakdown of your salary earnings and the tax deducted ...

Financial year 2024-25 has ended long ago and taxpayers are busy arranging necessary documents to be able to start the process of filing of income tax (I-T) return. When salaried taxpayers approach ...

Deductions missed in Form 16 can still be claimed while filing ITR. Illustration: Uttam Ghosh/Rediff Employers will soon issue Form 16, as they are mandated to do so by June 15. Salaried individuals ...