Salaried individuals must compare Form 16 with Form 26AS to avoid TDS mismatches. Verify PAN accuracy and report all income sources in ITRs to prevent tax notices.

TDS rates for FY 2024-25: Tax Deducted at Source (TDS) is a mechanism by which the government collects tax directly from the source of income. It applies to a variety of incomes such as salary ...

ITR: Matching Form 16 and Form 26AS is essential for filing correct ITR. Mismatches can lead to denied TDS credits, incorrect tax liability, or a delay in the refund. Employees should verify ...

NRIs must submit an online application using Form 13 to request a NIL or reduced TDS certificate. After form submission, they must verify it. Going forward, DSC is the designated verification method.

How does Form 12BAA work? Employees must fill Form 12BAA with details of the tax collected from them and submit it to their employer so the TDS on salary can be calculated accordingly.

The Employees’ Provident Fund (EPF) is designed to support employees’ long-term financial security, with both the employee ...

Govt could simplify TDS refunds for low-income earners The government has reportedly accepted the committee’s recommendation and is expected to include it as an amendment to the Income-Tax Bill ...