ITR 2023: Step-by-step guide to file Income Tax Return using Form 16/ 16A
Form 16 is released yearly for the preceding fiscal year, generally before the end of May which runs from April 1st to March 31st.
Stay updated with breaking news from Form 16. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Form 16 is released yearly for the preceding fiscal year, generally before the end of May which runs from April 1st to March 31st.
Form 16/ 16A is the declaration of tax deduction at source provided by the employer on behalf of the employees.
Observing that “Form 16 is a reliable piece of evidence to determine income”, the Bombay High Court has enhanced compensation from Rs1.76 crore to over Rs2.7 crore for the family of a man who died in a car accident on Dec 15, 2012.
The last date to file the income tax return (ITR) for the financial year 2021-22 (FY22) is July 31, 2022.
You can e-file ITR with the help of monthly salary slips, but the details of your income and tax liability should match with Form 26AS