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.

Businesses structured as S corporations can deduct payroll tax expenses on line 12 of Form 1120S. Only the employer portion of payroll taxes, not the employee portion, are deductible for the business.

ITR Filing 2024-25: The Income Tax Department (I-T Department) extended the ITR filing deadline from July 31, 2025, to September 15, 2025, today (Tuesday, May 27, 2025). It is more than one and a half ...

Employers generate Form 16 directly from the TRACES portal of the Income Tax Department, ensuring its reliability. The form includes digitized information on an employee's salary, deductions, and ...

The CBDT has notified all seven Income Tax Return (ITR) forms for AY 2025-26, incorporating new capital gains rules. This update aligns with the Union Budget 2024 rules on capital gains tax ...

Form 24Q, which companies submit to the tax department, now has a new column added — 388A. This will make reporting of TDS and TCS easier for companies, and employees will also get the correct ...

Form 1040-SR: Introduced in 2019, this form is designed for taxpayers aged 65 and older. It is nearly identical to the standard Form 1040 but features larger print and includes a chart to help ...

ROCK HILL, SC / ACCESS Newswire / April 7, 2025 / April 15, 2025, is the final day to file a variety of tax returns, including the 1040 series, 1120, 1041, and other essential forms.

AP Photo/Jon Elswick According to the IRS, most business entities that file Forms 1065, 1120, 1120S, 1041, 990-T, and certain other information returns can use this extension request.

March 17, 2025, is a key tax deadline for businesses, but they can request an extension of time using Form 7004 through ExpressExtension, a secure and easy e-filing service. ROCK HILL, SC / ACCESS ...

March 17, 2025, is a key tax deadline for businesses, but they can request an extension of time using Form 7004 through ExpressExtension, a secure and easy e-filing service. ROCK HILL, SC / ACCESS ...