When receiving payment as an employee for a second job, such as through an ad-hoc contract, the income will be categorized as ...

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

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 ...

As the financial year 2024-25 nears its end, taxpayers must focus on important tax-related documents, including the Income ...

Salaried taxpayers claiming HRA exemption in their ITR must provide their landlord’s PAN if annual rent exceeds Rs 1 lakh.

Form 16 for FY 2024–2025 must be issued by June 15, 2025. If your employer withheld TDS between April 24 and March 25, you must submit Form 16 by June 15.

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

Form 16 is a certificate issued by an employer to employees, which contains details of the employee’s salary and the tax deducted at source (TDS) during the financial year. Essentially, it serves as ...

The Central Board of Direct Taxes (CBDT), India’s apex body on income tax, has issued fresh guidelines on tax deductions from salaries under Section 192 of the Income Tax Act, 1961. This new circular, ...

• Payment Deadlines: Taxes are still due by April 15, and interest builds up on any unpaid amount. Even if you cannot file by ...