Call it a myth or just lack of awareness, but most startups are not aware that they have to generate Form 16 for all of their salaried employees, even when there is no TDS deduction because the salary ...

The Form 16 is a crucial tax sheet that includes all the necessary details required for an employee to file their Income Tax Returns (ITR). Employers are required to provide Form 16 to their employees ...

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.

If tax is deducted by your employer during the financial year, Form 16 is the form given by your company, which contains all the details of your income from salary and also tax paid to the income tax ...

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 ...

Income Tax Return (ITR) filing 2024: It is that time of the year again when thoughts turn from day-to-day chores and increasingly focus on paying your taxes for the fiscal just gone by. While most ...

Deductions missed in Form 16 can still be claimed while filing ITR. Illustration: Uttam Ghosh/Rediff Employers will soon issue Form 16, as they are mandated to do so by June 15. Salaried individuals ...

The tax authority has released ITR Forms for FY 2022–23 on February 10. The last date to file the Income Tax Return (ITR) for the financial year 2022-23 (assessment year 2023-24) is July 31, 2023, ...