Income Tax Salary Certificate Form 16 -Types & Meaning| With Automated Income Tax Form 16 for the Financial Year 2021-22

Tax filing season is almost here. This is the time of year when you need to collect various proofs of  income and expenses so that you can file your taxes. For employees, one of the most important  documents required to file a tax return is Form 16. Here is a summary of Form 16. 1. What is FORM 16? Form 16 is an annual tax document issued by employers to employees. This document contains details of income received by the employee, tax-saving investments and deductions that have been used, and any tax…

Disability Tax Exemption U/s 80U | With Automatic Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2022-23(Up-to-date Version)

 Disability Tax Exemption U/s 80U| There are certain sections in the income tax laws of India which  provide tax benefits to people if they or any of their family members suffer from a certain disability. Section 80U offers tax credits if an individual has a disability and Section 80DD offers tax credits if the taxpayer’s dependent family member has a disability. This article is about a discussion of the tax credits available in section 80U. Therefore, Who Can Apply for a Section 80U Deduction In other words, A resident who has been certified as disabled by a medical…

Automatic Income Tax Form 16 salary certificates with defecation of form Revised Form 16 for the financial year 2021-22

 Form 16 of the income tax automatic salary certificate for the financial year 2021-22 with defecation of  the new revised form 16. The Form 16 certificate, also known as the TDS certificate, is a financial  statement issued by a salaried employee’s office that includes earnings, deductions, and “income tax”  or “I-T” paid to the government. This Form-16 Certificate (TDS Certificate) must be issued by your  employer to each employee covered by “Withholding Tax Deduction – TDS” at the end of each  financial year.  Therefore, All salaried employees must use the Form 16…