If you are a salaried employee and filing your Income Tax Return (ITR) for the first time, then you must have heard of Form ...

Check Taxable Income: In part B of Form 16, one can find their taxable income details towards the end. Make sure all the ...

Form 16 is not just a TDS certificate—it’s your complete tax guide. If used smartly, it can help you file your income tax return accurately, avoid errors, and even get faster refunds.

Income Tax Return Filing FY 2023-24: To ensure the authenticity of Form 16, it must bear the TRACES logo on both Part A and Part B. Salaried individuals should verify that they have received both ...

Form 16 Part A. Form 16 Part A is the certification of tax deducted by the organization or employer from the salary income, on the employee’s behalf and deposited in the income tax department ...

With the Income Tax filing season in full swing, a lot of salaried tax payers, especially the new tax payers, have lot of questions about interpreting Form 16, its uses and how it can be referred ...

Employers will soon issue Form 16, as they are mandated to do so by June 15. Salaried individuals must understand how to use this document effectively while filing their income tax returns (ITRs).

Salaried individuals must compare Form 16 with Form 26AS to avoid TDS mismatches. Verify PAN accuracy and report all income sources in ITRs to prevent tax notices.

July 31, 2024, is the deadline for submitting Income Tax Returns (ITRs) for the Assessment Year (AY) 2024–2025. Before submitting their ITRs, salaried employees wait to receive Form 16 from ...

To ensure that there is no mismatch, a taxpayer should keep both Form 16 and Form 26AS handy. The employer will give Form 16. Form 26AS can be downloaded from the income tax e-filing portal.

Form 16 has two parts. Part A and Part B. Part A contains the employee and employer details, period of employment with the employer and summary of the periodic TDS on your income.

If you are a salaried employee filing your Income Tax Return (ITR) for the first time, you have likely come across Form 16.