investment proofs

Income Tax returns: 5 crucial steps to follow as soon as salaried employees get their Form 16 this month

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Income Tax returns: 5 crucial steps to follow as soon as salaried employees get their Form 16 this month

Income Tax Return: This month, employers are scheduled to issue the Form 16 every year on or before June 15. Following this, salaried individuals can expedite the income tax return filing process. Form 16 is one of the several  Form 16 is a crucial document that plays an instrumental role in filing income-tax returns (ITR), especially … Read more

Old vs new tax regime: What investment proofs must taxpayers submit to their employer?

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Old vs new tax regime: What investment proofs must taxpayers submit to their employer?

The income tax (I-T) department introduced a new tax regime in financial year 2020-21, giving taxpayers the choice between this and the old one. These two regimes differ in terms of taxation slabs, rates and allowances deduction, ultimately affecting the investment proof submission.  Every employer may have specific requirements for submitting investment proofs, so employees … Read more