Salaried workers who have switched employers, selected a suboptimal tax regime, claimed unsupported deductions, or omitted ...

Even if your Form 16 shows zero tax payable due to the Section 87A rebate, filing an Income Tax Return (ITR) might still be mandatory. Certain income levels, high-value transactions like significant ...

Filing your Income Tax Return using only Form 16 may no longer be enough, as the Income Tax Department now cross-verifies returns with AIS, Form 26AS and other third-party data. Tax experts recommend ...

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

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, ...

Before filing ITR for AY 2026-27, taxpayers should reconcile Form 16 with Form 26AS and the Annual Information Statement (AIS). This helps identify income that may not appear in Form 16.

ITR filing FY 2025-26: The e-filing portal of the Income Tax Department on May 15 opened the window for filing ITR-1 and ...

First-time ITR filing is easy with JioFinance: plan taxes, upload Form 16, auto-select ITR forms, file DIY or with CA support ...

Relying only on Form 16, choosing the wrong tax regime or missing income disclosures can trigger tax notices, penalties and ...

Got your Form 16 from your employer? Don't rush to file your Income Tax Return just yet. Tax experts say Form 16 captures only your salary income, and ignoring other earnings or failing to reconcile ...

Artificial Intelligence is rapidly finding new use cases in everyday life, and income tax filing is emerging as one of the latest examples. As the tax filing season gathers pace, several professionals ...

Explore the evolving complexities of India's ITR-1 and ITR-2 tax forms as filing becomes easier or harder for individuals.