Form 16 contains complete information about your total income and tax paid to the government. It proves helpful in filing Income Tax Return (ITR) as it acts as an official proof.

Form 16 is issued by employers as proof that tax deducted at source (TDS) on salary has been deposited with the government. It provides a comprehensive summary of an employee’s income, the TDS ...

Employee Stock Option Plans (ESOPs) lead to tax at two points and misreporting may lead to mismatches, notices or interest. On exercising the options, the amount that you pay above the exercise price ...

U, the updated income tax return under Section 139(8A). Learn who can file, key changes from the Finance Act 2025, and how to file a corrected ...

Jio Finance has rolled out a highly affordable Rs 24 tax filing service, primarily targeted at salaried individuals. This Rs ...

Job changes in a financial year are common -- but can confuse ITR filing: Each employer issues a separate Form 16 for the months/years you worked. Each employer usually calculates TDS based only on ...

If you made these ITR mistakes, then the scrutiny by the Income Tax Department could lead to pretty hefty fines, among other ...

Filing ITR for the first time might appear daunting, but knowing the basics and preparing in advance can prevent you from making costly errors and last-minute stress. Here's what you should consider ...