How to Check TDS Status: Tax Deducted at Source (TDS) is a system in which a certain percentage of tax is deducted by the ...
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.
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 ...
Before filing your Income Tax Return (ITR), cross-verifying Form 26AS is required. It's a tax report that summarizes all tax transactions during a financial year—i.e., TDS, TCS, advance tax, and ...
While filing your income tax return, matching Form 16 and Form 26AS ensures there’s no under-reporting or overstating of income.(Pexel) ITR: For salaried individuals, Form 16 is a crucial document for ...
Form 26AS provides important details about taxes deducted, collected, and deposited with the government tax authorities by authorised deductors and collectors. On that note, check out the 10 crucial ...
The Income Tax Department has taken a lot of measures over the last few years to make tax filing hassle-free for assessees. As part of its efforts, the Central Board of Direct Taxes (CBDT) has made ...
If you are an employee drawing a salary, Form 16 is often your key form to file income tax return. Discrepancies between Form 16 and your aggregate tax credit statement, Form 26AS, can land you in ...