New Form 16 Download: If you're a salaried employee, you've likely come across Form 16 while filing your income tax return. It's a key document that serves as proof that your employer has deducted and ...

We often think that Form-16 is only used for filing tax returns. Most employed people receive it every year from their ...

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 ...

Mumbai: Many salaried people are still waiting to file their Income Tax Return (ITR) because they haven’t received Form 16 yet. Good news – as per the income tax rules, Form 16 must be given to ...

As the financial year draws to a close, many salaried employees are preparing to receive their Form 16, a crucial document for filing Income Tax Returns (ITRs). Form 16, which details salary income, ...

The extended four-year window under ITR-U gives taxpayers a chance to fix past errors, but use it wisely, say experts.

The ITR filing for salaried-class individuals begins with the issuance of Form 16 from their respective workplaces. Until last year (for the Assessment Year 2024-25), they would file ITR-1 (Sahaj) ...

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 ...

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 ...

If you are a salaried employee filing your Income Tax Return (ITR) for the first time, you have likely come across Form 16. This important document plays a significant role in helping employees file ...

Filing Income Tax Returns (ITR) in India is becoming simpler with the help of AI-powered tools. For FY 2024–25, platforms like ClearTax AI, EZTax AI, and TaxBuddy SmartBot are offering automated, user ...

Hence, the taxpayer should prudently include all the incomes in the income tax return. Also, verify the income details and the TDS amount in Form 26AS. If there is any mismatch in Form 16/16A and Form ...