Form 16 is a certificate provided by an employer to employees, which includes the details of the employee’s salary and the ...

The income tax department has listed such individuals with undisclosed income subject to income tax and accordingly, the ...

This type of income tax notice is coming soon to these identified persons relating to AY 2019-20, 2020- 21 and 2021-22; Know ...

The tax authorities use a risk management strategy (RMS) to flag high-risk non-filers, said the department.  This system ...

Those due to sell property in March should consider deferring the sale to April to optimize advance tax payments and ...

To claim the LTA exemption without Form 16, you must appropriately declare it in your Income Tax Return (ITR). According to ...

According to reports, about 9,000 people donated Rs 5 lakh or more in the financial year 2020-21 and claimed tax exemption ...

ITR-U: Requires paying additional tax (25–50% of dues, depending on filing timeline). No separate penalties, but interest may ...

Before filing your ITR, it is important to decide whether the new or old tax regime is more beneficial for you. The old tax regime offers various exemptions and deductions, but is it the right choice ...

Form 16 is a TDS certificate issued by employers to outline the salary earned and TDS deducted on the same in a given fiscal ...

Except for some senior citizens, advance tax must be paid by all assessees, including NRIs, if the tax payable is ₹10,000 or ...