Form 16: Salaried taxpayers usually file their Income Tax Return (ITR) on the basis of Form 16 received from their employer or company. Form 16/16A also contains information about Tax Deducted at Source (TDS) deducted by the employer on behalf of his employees.
Form 16 is generally issued by the employers by the first 15 days of June as the last date for filing TDS for the quarter ending 31st March is 31st May and employers within 15 days of filing such returns Form 16 is required to be issued. It is necessary to do
When should you file ITR this year?
Tax expert says that salaried class should file return after getting Form 16. The last date to file ITR for assessment year 2023-24 is 31 July 2023. The salaried class can start filing income tax returns from June 15. Will be able to download salary class. By June 15, you will be able to file your Form 16/16A and your return for the assessment year 2022-23 (FY 2022-23) accordingly.
This information is available in Form 16
The previous financial year is over and taxpayers have to file their income tax returns for the previous financial year by 31st July. If you are employed, then you will need Form 16 (Form 16) to fill ITR. Companies have to give Form 16 to their employees by June 15. Form 16 contains information about your total income, taxable income, investments and tax deducted (TDS) in the previous financial year.
Read the Latest India News Today on The Eastern Herald.
