New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contribu...
17 Jun, 2026, 12.23 PM IST
Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...
12 Jun, 2026, 07.11 AM IST
ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...
11 Jun, 2026, 07.43 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
ITR filing 2026: 5 benefits of filing income tax return besides paying taxesFiling your Income Tax Return is more than just a tax duty. It acts as a vital financial record. It helps in getting loans approved. You ca...
02 Jun, 2026, 03.23 PM IST
TDS limit for interest income of senior citizens doubled from Rs 50,000 in Budget 2025TDS limit in Budget 2025: Tax deducted at Source (TDS) rate has been rationalised. The limit for TDS for senior citizens is being doubled f...
01 Feb, 2025, 12.25 PM IST
TDS relief for salaried: From January 1, 2025 TDS statement will reflect the net TDS/TCS benefit on eligible incomeTDS on salary: Now salaried taxpayers will be able to see how much benefit of lower TDS they got in the TDS certificate statement from Q4 2...
29 Dec, 2024, 10.17 AM IST
New form to reduce TDS from salary: CBDT issues Form 12BAA to tell employer about other taxes paid by youForm 12BAA to reduce TDS from salary: The Central Board of Direct Taxes has notified a new form called Form 12BAA. The new form notified by...
17 Oct, 2024, 03.58 PM IST
TDS deposit rules for employers relaxed from Oct 1, 2024: Does this put employee's TDS credit at risk?New TDS deposit rules for companies: From October 1, 2024, companies will have more time to deposit TDS and penal interest with the governm...
01 Oct, 2024, 09.00 AM IST
Form 16 due date: When will you get TDS certificate from your employer?Last date to get Form 16: Salaried individuals need Form 16 to make the ITR filing process easier for them. It is a TDS certificate showing...
12 Jun, 2024, 05.02 PM IST
When is Form 16 issued to employees by employers for ITR filing?Form 16 is a TDS certificate issued by the employer to an employee to inform the taxes that are deducted on salary income paid in a financi...
31 Jul, 2023, 12.18 PM IST
Budget 2022: Consequences for TDS shortfall are borne by the employee who has switched jobsThe Bombay Chartered Accountants’ Society (BCAS), in its pre-budget memorandum, has submitted: “Because of short deduction by the employer ...
13 Jan, 2022, 02.37 PM IST
You may have to claim refund for FY2019-20 tax saving done after March 31The government has extended the deadline to complete tax-savings to June 30, 2020, via an ordinance dated March 31, 2020. However, this mig...
08 Apr, 2020, 06.39 PM IST
What to do if your TDS is not deposited with the governmentA scam of Rs 3,200 crore unearthed by the I-T department has highlighted the problems faced by many employees where TDS is deducted but not...
08 Mar, 2018, 11.46 AM IST
CBDT caps losses from house property for TDS at Rs 2 lakhIf an employee has declared a loss higher than Rs 2 lakh, the excess is to be ignored for calculating the amount of TDS, which is deducted ...
08 Jan, 2018, 10.45 AM IST
Answers of our readers queries related with various tax issuesWhile filing return of income, the employee can claim the credit for TDS on salary based on the data/documents available with him.
20 Jul, 2016, 07.26 AM IST
SC rejects Kingfisher's plea challenging Rs 372 crore TDS demandThe SC has dismissed the plea of grounded Kingfisher Airlines against an order of the Karnataka High Court asking it to pay around Rs 372 c...
07 Apr, 2015, 07.23 PM IST