The TD1 form gives your employer the best estimate of your personal tax situation, so that they can deduct the right amount of income tax from your pay. If you don't give accurate information on the ...

If your employee did not complete the federal and provincial TD1 forms for 2025 you continue to deduct income tax using the same claim code that you used last year.

Aside from form 16, other documents which you need at the time of filing of income tax return are form 26AS which is a tax credit statement, and AIS which is a comprehensive view of information ...

What is Form 16? Form 16 is a certificate provided by your employer stating the amount of salary you received in a financial year and the amount of tax deducted at source (TDS) from that income.

To be able to file income tax under the old tax regime, you must opt out of the default regime. It is required for the taxpayers to submit Form 10-IEA to opt out of the default regime.

As income tax return (ITR) filing season is going on, eligible social media influencers are also liable to pay their taxes. If they don't file their ITR, they may have to go through income tax (I-T) ...

Income tax refund status FY 2024-25: Check without logging into I-T dept’s e-filing portal — here are 2 other options When we file income tax returns (ITR), most people just login to the ...

Recent court holdings allowing the credit against the tax may encourage similarly situated taxpayers, but procedural hurdles ...

In India, an Income Tax Return (ITR) is a mandatory document that eligible individuals must submit to the Income Tax Department, detailing their income and tax liabilities for the year. Some of us ...

Salaried individuals will shortly begin receiving Form 16 from their employers to initiate the income tax return (ITR) filing process for the Assessment Year 2025–26.

Inland Revenue announced it had extended the deadline for submission of 2024 tax returns until September 30. Initially the deadline was July 31. The new deadline was approved by the cabinet. The ...

Income tax calculator 2025: How much you can save after budget changes Monthly savings range from PKR 2,000 and upwards under revised income tax system ...