Form 26AS is a tax credit statement that provides a comprehensive view of all tax-related transactions linked to an individual"s Permanent Account Number (PAN). It includes details such as tax ...

ITR: If you are a salaried individual, Form 16 is a crucial document for filing the income tax return (ITR). Employers are required to file their e-TDS return for the January–March quarter by 31 May.

ITR Filing 2024: The Income Tax return filing season has started. Along with the tax filing procedure, salaried individuals and taxpayers are also planning their taxes, and investments for this ...

Income Tax: The last date to file income tax return (ITR) of September 15 is drawing closer. This is the time to hurry through your return filing process but carefully. While filing your income tax ...

Before filing your Income Tax Return (ITR), cross-verifying Form 26AS is required. It's a tax report that summarizes all tax transactions during a financial year—i.e., TDS, TCS, advance tax, and ...

Getting Form 16 from your employer makes life easier for a salaried individual when filing income tax return (ITR), according to an Economic Times article. Representational The Form 16 shows the ...

First of all, an individual should check the tax slab he/she comes under, depending on his/her income. One is advised to consolidate all pay slips and calculate the taxable income. Find out the exact ...

a) Section 276B of The Income Tax Act provides that if a person fails to deposit TDS deducted, he shall be punishable with rigorous imprisonment for a term which shall not be less than three months ...

ITR Filing FY 2023-24: Form 26AS is an important document when it comes to filing Income Tax Return (ITR), as it not only contains the amounts and dates of taxes paid in advance but also includes all ...

Discrepancies between Form 26AS and Form 16 can lead to an inquiry by the I-T department. IMAGE: Kindly note the image has been posted only for representational purposes. Photograph: Kind courtesy ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Over the past few years, the tax ...