One of the most relevant changes is related to Form 16. The document, issued by employers as proof of tax deducted at source (TDS) on salaries, will now be known as Form 130.

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 launched the new TRACES 2.0 portal to enhance TDS compliance. The user-friendly interface ...

Form 26AS is a tax passbook linked to your PAN (Permanent Account Number). It is issued by the Income Tax Department and shows a detailed summary of the taxes deducted from your income by others, such ...

Income Tax Return E-filing AY 2023-24: Filing your ITR online on the Income Tax Portal for FY 2022-23? Form 26AS and the Annual Information Statement (AIS) along with Form 16 are important documents ...

The deadline for filing the Income Tax Return (ITR) is fast approaching, thus, explaining the vulnerability to making mistakes while rushing through important details about income and its various ...

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 ...

The income tax (I-T) department on July 18 announced the release of ITR-2 online utility, paving the way for individual taxpayers to start filing their returns for the assessment year 2025-26 ...

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 ...

Organise your PAN, Form 16, Form 26AS, AIS, and all other proofs before e-filing. Kindly note that this illustration generated using Microsoft CoPilot has only been posted for representational ...