No Form 16? Here's how salaried taxpayers can file ITR using AIS and Form 26AS for FY 2025-26Salaried individuals awaiting Form 16 for ITR filing can still proceed without it. Employers must issue this TDS certificate by June 15th. ...
24 Jun, 2026, 03.27 PM IST
Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS & retirement tax benefitsThe "Nature of Employment" field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax benefits, incl...
23 Jun, 2026, 11.44 AM IST
NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investmentNRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, N...
19 Jun, 2026, 05.41 PM IST
NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
19 Jun, 2026, 03.44 PM IST
8th Pay Commission news: Defence employee body demands new inflation index to calculate 8th CPC DA, DR, revised payThe All India Defence Employees’ Federation (AIDEF) has urged the 8th Pay Commission to replace the AICPI-IW-based inflation measure with a...
17 Jun, 2026, 11.51 AM IST
Waiting for Form 16? Here’s when employers may issue it for AY 2026-27 ITR filingSalaried employees await Form 16 for Assessment Year 2026-2027. Employers must issue this crucial tax document by June 15, 2026. This form ...
04 Jun, 2026, 07.11 AM IST
Could you be missing a critical June 2026 tax deadline? Check these essential TDS, Form 16, STT and advance tax requirements before it's too lateJune 2026 income tax deadlines are closer than many taxpayers realize. Form 16 issuance, TDS deposits, advance tax payments and STT reconci...
02 Jun, 2026, 12.22 AM IST
Can Rs 10 lakh in post office FD and Rs 10,000/month in RD build Rs 1 crore retirement corpus in 20 years?Interest rates may vary. If we talk about the post office, it offers a 6.7% interest rate on its RD, while its rate for the 5-year FD is 7....
09 May, 2026, 02.28 PM IST
Will new TDS rules change your take-home salary from April 1, 2026? Key income tax-related changes in new financial year (FY26-27)Salaried employees face new Tax Deducted at Source rules from April 1, 2026. The new financial year brings revised tax calculations and com...
01 Apr, 2026, 06.28 PM IST
What happens if you do not inform your tax regime choice to your employer for TDS on salary?Income Tax Regime: It is essential to inform your employer of your preferred tax regime on time to ensure that less tax is deducted from yo...
24 Apr, 2025, 01.31 PM IST
ITR filing: How to file income tax return when you have more than one Form 16 due to job changeForm 16 is a TDS certificate that provides information on the salary paid and tax deducted by an employer. Employers must issue Form 16 to ...
16 Jul, 2024, 01.10 PM IST
TDS deduction from salary not enough: Salaried employees must file ITR despite tax deducted by employerIncome tax return for salaried: You need to file your income tax return even if you do not need to pay any income tax due to section 87A ta...
11 Jul, 2024, 10.52 AM IST
TDS on salary is not at fixed rate; know how tax is calculated and deducted by employerTDS on salary: Before paying a salary every employer will deduct tax deducted at source (TDS) and then pay a salary to their employees. How...
20 Mar, 2024, 10.59 AM IST
How to file income tax return with two or more Form 16sForm 16 is a basic document required to file the income tax return by salaried individuals. It may happen that individuals have switched jo...
14 Jun, 2023, 01.41 PM IST
New vs old tax regime: How to choose income tax regime for TDS on salary for FY 2023-24In the month of April, a salaried employee is required to communicate about the preferred tax regime option to their employers. As Budget 2...
24 Apr, 2023, 03.39 PM IST
TDS on salary: How it is calculated and deductedAn employer is required to deduct tax on the salary income payable to an employee? If you are confused about how TDS is deducted from your ...
23 Feb, 2022, 12.45 PM IST
Govt needs to clarify how TDS from salary will work in new income tax regime: ExpertsIf an employee informs employer at the start of the financial year about opting for new tax regime, will he/she be allowed to switch to the...
24 Feb, 2020, 11.01 AM IST