According to Siddharth Deb, Tax Partner at EY India, it is generally preferable to wait for Form 16, since it makes ITR filing quicker, simpler and less prone to mismatch or rework.“While the employer ...
ITR filing FY 2025-26: The tax returns filing season is here and ahead of the July 31, 2026 deadline, taxpayers are compiling important documents that are needed every year to file the income tax ...
Form 16 is a crucial Tax Deducted at Source (TDS) certificate issued by employers to salaried employees in India. It serves as official proof that tax has been deducted from your salary and deposited ...
Did our AI summary help? The Income Tax Department has updated the Annual Information Statement (AIS) for many taxpayers. Taxpayers who have received their Form 16 from employers can now begin filing ...
Missing Form 16 does not mean salaried employees cannot file their Income Tax Return (ITR). Tax experts say taxpayers can still complete the filing process using alternative documents such as salary ...
A growing number of salaried taxpayers expecting refunds for Assessment Year 2025–26 are finding their income tax returns stuck for a long time. The Income Tax Department has temporarily put refund ...
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Form 16 to be replaced by Form 130 from April 2026: What it means for salaried taxpayers
In a major shift under the upcoming tax reforms, the Government of India is set to replace the widely used Form 16 with a new document called Form 130. This change will come into effect from April 1, ...
In his decades-long career in tech journalism, Dennis has written about nearly every type of hardware and software. He was a founding editor of Ziff Davis’ Computer Select in the 1990s, senior ...
Alexandra Twin has 15+ years of experience as an editor and writer, covering financial news for public and private companies. Khadija Khartit is a strategy, investment, and funding expert, and an ...
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