Income Tax Return 2025: How to file ITR without Form 16? Check out THESE easy alternative documents
Form 16 or Form 16A is the certificate of deduction of tax at source. It is issued on deduction of tax by the employer on behalf of the employees and provide details of TDS/TCS for various transactions between deductor and deductee. It is mandatory for employers to issue these certificates to taxpayers.
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According to data released by the Life Insurance Council, LIC collected Rs 13,610.63 crore in NBP for the month, up from Rs 12,383.64 crore in April 2024
read moreITR Filing 2025: Common mistakes that can cost you big
With ITR forms for FY 2024-25 already available, now is the ideal time to prepare and avoid last-minute mistakes.
read moreIncome Tax Department notifies ITR forms 1, 2, 3, 4 and 5 – Which one should taxpayers use?
Different tax returns are prescribed for filing by individual taxpayers depending on their income and its source as well as factors such as residential status.
read moreITR Filing 2025: What taxpayers must know about sections 80C, 80D, 24B and more
As taxpayers get ready to file their returns, it is crucial to understand the key sections of the Income Tax Act, 1961, that can help in accurate tax calculation, availing deductions, and choosing the appropriate tax regime.
read moreIncome Tax Returns: New ITR-1 form explained – What are the key changes notified this year?
The simplified form is designed for individuals and entities who earned up to Rs 50 lakh during the recently concluded financial year.
read moreITR Filing 2025: You will get your Form 16 in new format this year – Know why
The Income Tax Department is expected to notify the filing forms for the financial year 2024-25, or Assessment Year 2025-26, soon.
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The staff collected the insurance bond from the family members, corroborated the same with the details in the FIR and other documents filed by the police
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read moreITR Filing: 5 major income tax provisions taxpayers need to know in 2025
It is mandatory to choose between the old and new tax regime while filing the online form --- with specific exemptions and deductions available for individuals.
read moreITR Filing 2025: What is deadline to file income tax return this year?
Taxpayers will soon be able to file their returns for FY25 via the official Income Tax Department website.
read moreITR Filing: 6 ways the New Tax Regime can help you save more on income tax
Old tax regime, however, still offers taxpayers a range of options to save taxes through various eligible deductions and exemptions post 2025 Union Budget. On the other hand, the new tax regime has a fewer deductions available for taxpayers compared to the old regime. In this write-up, we will discuss various deductions available under the new tax regime for the purpose of tax saving.
read moreITR filing 2025: A step-by-step guide for senior citizens to file income tax returns
An individual resident who is 60 years or above in age but less than 80 years at any time during the previous year is considered a senior citizen for income tax purposes. The Income Tax department also defines people above the age of 80 as 'super senior citizens'.
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You don't need Rs 10 crore or Rs 50 crore for financial freedom — just calculate your expenses and aim for the right amount using the 4% rule.
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Health insurance provides crucial financial protection for you and your family during medical emergencies, helping manage expenses without depleting savings or requiring loans or crowdfunding.
read moreFiling ITR soon? Can you still pick a different tax regime?
Section 115BAC of the Income Tax Act lays down the tax slabs and rules applicable under the new tax regime.
read moreIncome Tax Returns AY2025-26: Key Documents Required to File ITR
It is not necessary to attach any documents while filing your returns. However the details given in various documents will have to be used while filling up the online form.
read moreHow much cash can you receive in a day without getting an Income Tax notice?
Under section 269ST of the Income Tax Act, receiving more than Rs 2 lakh in cash is prohibited, whether it is a single transaction or the sum of many transactions on the same occasion.
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