The first quarterly TDS and TCS return filing under the Income-tax Act, 2025 is due on July 31, 2026, with new return forms ...

Income-tax Act, 2025 revises the TRACES TDS Justification Report password format with new form numbering and structure from 1 ...

Form 16 makes return filing easier, but it is not the only document required. By reconciling salary records with Form 26AS, ...

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.

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Tax deduction at source (TDS) or ...

As the income tax return (ITR) filing season for the assessment year 2026-27 begins, salaried employees are advised to review details available in their Annual Information Statement (AIS) and Form ...

Banks and other entities deducting tax at source are required to file quarterly TDS returns through Form 26Q for the March 2026 quarter by May 31, 2026. Until those statements are filed and processed, ...

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When you're preparing to file your Income Tax Return (ITR), you may assume that the TDS on the salary deducted by your employer and mentioned in your Form 16 and Form 26AS will always match. When ...

Explains why Form 16 may not reflect final tax liability, covering advance tax, Sections 234A, 234B, 234C, Section 87A rebate ...

Income-tax compliance calendar for May 2026 (As per ITA 1961 read with the IT Rules, 1962 for FY 25-26). The Income-tax Act, 2025 (ITA 2025) has been notified and made applicable with effect from 1 ...