what is Form 16?

The Form 16 conundrum: How do I file my income tax returns if I have switched jobs?

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The Form 16 conundrum: How do I file my income tax returns if I have switched jobs?

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

Income Tax Return (ITR) filing 2024: All you need to know about Form 16, its issue date and why is it crucial?

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Income Tax Return (ITR) filing 2024: All you need to know about Form 16, its issue date and why is it crucial?

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