Employers are required to issue Form 16 to employees if they've deducted TDS from their salary. It consists of two parts and shows how much salary was paid and how much tax was deducted during the ...

You will soon get Form 16 from your employer. This year, the Income Tax department has revised the format of Form 16 by adding various details to make them more elaborative. The changes in Form 16 ...

As the new income tax filing season for the financial year 2024-25 (AY 2025-26) begins, the Income Tax Department is set to roll out updated ITR forms and an improved version of Form 16 — a key ...

In the new format of Form 16, there is a specific column for reporting total amount of salary received from other employers, which was not a part of the old Form 16. For allowances exempt under ...

Salaried employees who file their income tax returns (ITRs) every year should be aware that the tax department has introduced some changes in the format of Form 16 related to tax deduction and ...

ITR filing: Every salaried individual generally receives Form 16 from their employer on or before the 15th of June of the assessment year.(iStock) Income tax return filing: The deadline to file ...

To help you deal with all that, we explain a number of things here including what is Form 16, its parts, when is issue date and much more. Just check it out now. Income Tax Return (ITR ...

Salaried individuals who file income tax returns annually should take note of key changes introduced by the Income Tax Department in the format of Form 16—the document that outlines salary ...