The CBDT or Central Board of Direct Taxes has notified a new format for Form 16. This requires the break up of the Tax-Exempt Allowances paid to the employee and also of all tax breaks claimed by them. In the previous format allowed the companies to give consolidated figures or break-up in different formats for… Continue reading New format of Form 16 for the Assessment Year 2019-20
Before knowing mistakes, do get to know a brief about e-filing submitting tax is every person’s moral duty.
Many salaried individuals have this misconception that since taxes have already been deducted from salaries by the employer so there will be no requirement to file for returns.