Income Tax forms like Form 16 and 26AS may get new numbers from April 1 under the draft I-T Act 2026, with minimal procedural changes.

With the Income Tax filing season in full swing, a lot of salaried tax payers, especially the new tax payers, have lot of questions about interpreting Form 16, its uses and how it can be referred ...

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 ...

1. To ensure generation of accurate TDS certificate in Part B of Form No. 16, the deductor(s) need to report correct data in Annexure II of Form 24Q. The TRACES generated Form No. 16 shall have a ...

July 31, 2024, is the deadline for submitting Income Tax Returns (ITRs) for the Assessment Year (AY) 2024–2025. Before submitting their ITRs, salaried employees wait to receive Form 16 from their ...

As tax season approaches, Form 16 becomes an indispensable tool for the salaried, ensuring they have all the necessary details for tax filing. A certificate issued under Section 203 of the Income 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.