Form 16 helps salaried individuals file accurate ITRs by detailing income, TDS, exemptions, and deductions, ensuring smooth ...

Tax filing season begins for the financial year 2024-25, and the assessment year 2025-26 has officially commenced, with salaried employees in India having received their Form 16 documentation. There ...

Many people have searched online in 2025 asking: Is the IRS sending out a $5,000 stimulus check? The short answer is no —there is no official federal stimulus payment of $5,000 being issued by the IRS ...

Form 16 is like a report card from your employer about your salary. It doesn’t account for any financial activity outside that employer-employee relationship. Failing to report additional income or ...

A 2021 research paper estimated that “that the average whistleblower complaint at the IRS generates around $30,664 in tax revenues, and costs $590 to process.” ...

The IRS has proposed a step it believes will streamline the process of applying for a private letter ruling (PLR). And it wants to know what you think about it. The IRS on June 16 announced that it ...

The Rs 26 Lakh Income Tax Notice Unaware of the buyer’s error, the NRI calculated his actual capital gains tax liability at Rs 1.91 lakh and paid this as advance tax. However, due to the missing TDS ...

Salaried employees will soon receive their Form 16 for Assessment Year 2025–26, featuring a more detailed breakdown of salary components and newly integrated tax disclosures.

ITR Filing 2025: The Income Tax Return (ITR) filing season is underway following the reinstatement of form utilities. Salaried taxpayers are advised to await their Form 16 or Form 16A, the Tax ...

Filing Income Tax Return (ITR) by salaried taxpayers Form 16: It is a TDS certificate issued by an employer to an employee. It is proof that the employer deposited the tax with the tax authorities.

Three of the most important reports all taxpayers should know about are Form 16, the Annual Information Statement (AIS), and Form 26AS. What they are and how they assist you during tax season follows.

Elon Musk had advocated ending the $7,500 tax credit for buyers of Tesla and other automakers’ EVs. But with the end of that credit included in the the “big, beautiful bill,” he and the now ...