Mumbai: As tax filing season for FY 2024-25 begins, salaried employees must deal with various documents and deadlines. But ...

As the tax season approaches, the average salaried employee finds themselves juggling with a plethora of documents, doubts ...

Form 16 is not limited to filing Income Tax Returns (ITR). It is a powerful proof of income used in loan applications, VISA processes, credit card approvals, and job changes.

Income Tax notice for mismatch in Form 16 and Income Tax Return: Here’s what you should do If you have claimed a refund of TDS by showing lesser income or claiming higher deduction in Income Tax ...

The TDS (Tax Deducted at Source), so deducted by the organization or employer, is deposited with the Income Tax department and Form 16, in turn, is proof of the same.

Form 16 for ITR filing: Top points to check in Form 16 before filing your income tax return for FY 2023-24. TOI Business Desk / TIMESOFINDIA.COM / Jul 1, 2024, 20:17 IST. Share. AA + Text Size.

As per income tax rules, companies must issue Form 16 to employees between June 1 and June 15. It shows salary and tax details. You can file ITR easily after receiving it.

Form 16 makes it simple for salaried workers to document their Income Tax Return (ITR). It contains subtleties about your pay and tax deductions made by the business in the financial year.

According to the Income Tax Act, employers are required to provide Form 16 on or before June 15 at the end of the financial year. Form 16 is mandatory for salaried taxpayers.

Steps to download Form 16 - Go to the Income Tax Department's official website. - In the 'Forms/Download' section, find the 'Income Tax Forms' option and select it.

If you don’t have form 16, you can still file your income tax return without it. In this video we have explained how you can file your income tax return without form 16. Here’s how to file ITR ...

There are many alternatives to Form 16 that you may use while filing your income tax returns. July 31, 2024, is the deadline for submitting Income Tax Returns (ITRs) for the Assessment Year (AY ...