Salaried individuals awaiting Form 16 for ITR filing can still proceed without it. Employers must issue this TDS certificate by June 15th. If delayed, taxpayers can use salary slips, bank statements, ...

Ideally, you should also cross check information across all your major documents such as Form 16, Form 26AS, Annual ...

Even if your Form 16 shows zero tax payable due to the Section 87A rebate, filing an Income Tax Return (ITR) might still be ...

Expanded ITR-1 eligibility allows taxpayers with limited long-term capital gains to avoid filing ITR-2. Taxpayers must ...

A nil tax liability in Form 16 does not automatically exempt salaried taxpayers from filing an ITR. Filing may still be necessary to claim refunds, carry forward losses and meet reporting requirements ...

AI systems may struggle with nuanced tax situations involving multiple income streams, international taxation and complex disclosures ...

AI Quick Read As income tax return (ITR) filing for assessment year (AY) 2026-27 gathers pace, many salaried taxpayers are relying on Form 16 issued by their employers to prepare their returns.

Form 16 is a crucial Tax Deducted at Source (TDS) certificate issued by employers to salaried employees in India. It serves as official proof that tax has been deducted from your salary and deposited ...

Form 130 replaces Form 16 from Tax Year 2026-27, learn what changes for salaried employees in India and how to use it to accurately file your ITR ...

A smooth ITR filing experience begins with preparation. Taxpayers should ensure these things and keep certain documents and information handy, while filing ITR without a CA.