Employers will issue Form 16 to salaried employees, detailing salary, TDS, and key tax information for FY 2024-25, which is necessary for filing ITR. Form 16 is issued by the employer and serves as ...

File your updated Income Tax Return (ITR-U) before March 31, 2025, to correct omissions or errors and avoid penalties. Learn ...

The Income Tax Department has recently released an upgraded version of the Excel-based utility for filing ITR-2. It is ...

It is always advisable for taxpayers to file their ITRs at the earliest to avoid last-minute rushes, which may lead to errors ...

Filing Income Tax Returns on time ensures compliance with tax laws and helps you claim deductions. Understanding the process ...

The ITR is a declaration of one's income to be used for showing the taxes tat have to be paid during a financial year.

ITR-U Filing Deadline on March 31: The Income Tax (I-T) Department has asked taxpayers to file an updated income tax return (ITR-U) before its deadline of March 31, 2024; failing which, they will need ...

The filing process has been streamlined with the addition of 'Pre-filled information' that automatically fills in details such as salary, interest income, and tax deductions. ITR-2 is designated ...

Keep proper documentation such as travel tickets, boarding passes, and payment receipts, as LTA claims are subject to ...

The Income Tax Return submission for assessment year 2025-26 will open on April 1 2025. Earnings-based employees ...

From April 1, 2025, the new income tax return filing season will start for AY2025 -26. For salaried taxpayers, their employer will provide a Form 16 containing all income tax details for the ...