As the financial year draws to a close, many salaried employees are preparing to receive their Form 16, a crucial document for filing Income Tax Returns (ITRs). Form 16, which details salary income, ...

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 ...

Mumbai: Many salaried people are still waiting to file their Income Tax Return (ITR) because they haven’t received Form 16 yet. Good news – as per the income tax rules, Form 16 must be given to ...

Starting April 1, 2026, familiar tax forms will get new numbers. Form 16 becomes Form 130, and Form 26AS will be known as Form 168. This change is part of the new Income Tax Act, 2025. While initial ...

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 fiscal ...

Form 16 is important for ITR filing as it is a TDS certificate issued by the employer with all the details of the tax deductions for a salaried taxpayer. Form 16 is an important document for salaried ...

Since Form 16 has a detailed breakup of your salary, it helps you immeasurably while filing your income tax return. You will get your salary information (segment-wise) from Form 16 and fill out that ...

Form 16 contains details of salary income, deductions, and exemptions. Illustration: Uttam Ghosh/Rediff.com Form 16 plays a crucial role in accurate filing of income-tax returns (ITR) by taxpayers.

Form 16 AY 2023-24: Salaried employees will receive Form 16 this month from their employers. Form 16 contains details of tax deducted at source (TDS) by the employer on behalf of the employee. Apart ...

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 ...

If tax is deducted by your employer during the financial year, Form 16 is the form given by your company, which contains all the details of your income from salary and also tax paid to the income tax ...