As the new financial year commenced on 1 April 2025, taxpayers across India are preparing to file their Income Tax Returns (ITRs) for the previous financial year, with the Income Tax Department ...

India’s salaried workforce is witnessing a pivotal shift in the way income tax returns are filed, as Digital Form 16 becomes central to a broader digital governance push spearheaded by the government.

The new financial year began on April 1, prompting taxpayers across the country to prepare for filing their Income Tax Returns (ITR) for the previous year. The Income Tax Department has already ...

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.

In a move aimed at simplifying the income tax return process, the Income Tax Department has announced the launch of Digital Form 16, an electronic version of the traditional Form 16. This initiative ...

ITR Filing FY 2023-24: Form 16 outlines the amount of tax deducted at source (TDS) from the salary of an employee and deposited with the government against their PAN. It also includes investment ...

The Central Board of Direct Taxes (CBDT) has issued a new circular, which states the new rules for tax deduction from salary under section 192 of the Income Tax Act, 1961. It also includes the changes ...

The new financial year started on April 1, and with this, the new income tax return (ITR) filing season began. The Central Board of Direct Taxes (CBDT), as part of its routine annual exercise, ...

For salaried employees, Form 16 is not only a regular form—it's the basis of your income tax return. Your employer issues it with a comprehensive breakdown of your salary earnings and the tax deducted ...