salaried employees

Budget 2024: Salary components, allowances that can reduce taxpayers’ outgoing tax

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Budget 2024: Salary components, allowances that can reduce taxpayers’ outgoing tax

Income Tax: Salaried employees can benefit from many financial benefits offered to them in the form of allowances to reduce their tax burden. Allowances are offered on a monthly basis and must be claimed when filing an income tax return (ITR). The Centre offers many such allowances, which are part of the salary structure. These … Read more

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