Salaried employees should review Form 12BB by January to avoid higher TDS, ensure accurate Form 16 reporting, and fully claim tax-saving deductions.

Effective tax planning is essential for salaried individuals to optimize their advance income tax payments by the Income Tax Act 1961. Under this act, employers are tasked with applying Tax Deductions ...

[maxbutton id="17" url="https://img.indiafilings.com/learn/wp-content/uploads/2018/04/Form-12BB.pdf" text="Download Form 12BB in PDF Format" ] Is it necessary to ...

Tax filing season is here and the Form 12BB is a tool which salaried employees use to declare their tax-saving instruments through Form 12BB at the beginning of each financial year. It is important to ...

New Delhi, April 25, 2025: Filing your Income Tax Return (ITR) under the old tax regime with incorrect deductions or exemptions might land you in serious trouble. The Income Tax Department has issued ...

Did you book a foreign holiday recently and have to shell out an extra 5% or 20% in tax collected at source (TCS)? There’s good news if you’re a salaried employee. Starting 1 October, salaried ...

Form 12BAA to reduce TDS from salary: The Central Board of Direct Taxes has notified a new form called Form 12BAA. The new form notified by the CBDT will help an employee to tell the employer about ...

Begin by collecting essential documents such as Form 16 (for salary income), Form 16A (for other income), and Form 26AS (for tax credits). Ensure these documents are accurate and complete to avoid ...

ITR filing 2024: The deadline for individuals to submit their Income Tax Returns (ITR) is July 31, 2024, unless an extension is granted by the government. It is essential to compile and organise ...

When employees declare their investments and expenses to employers for tax benefits each financial year, a document called Form 12BB is at the core of the process. Employees in the taxable income ...

As the tax season sets in, employees find themselves at the helm, steering through the complexities of investment declarations. This crucial financial exercise not only ensures seamless financial ...