ITR filing deadline: The deadline for filing of income tax returns, July 31, is unlikely to be extended. Taxpayers would need to file ITR for the Assessment Year 2024-25 or the financial year 2023-24 by the end of the day today. While many have urged the finance ministry as well as Finance Minister Nirmala Sitharaman … Read more
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 Act for tax deducted at source (TDS) from salary income, employers and firms issue Form 16 after deducting tax from an employee’s salary … Read more
Form 16 is a crucial document that is essential when one is filing the income tax return (ITR) of a particular financial year. The document is essential for individuals earning a salary as it gives the whole breakup of Tax Deducted at Source (TDS), providing a comprehensive overview of an employee’s earnings, including salary, allowances, … Read more