Tag: form 16

31st July is approaching soon and millions of tax payers are worried about filing income tax returns. However this year not everyone has to go through tax filing procedure. The Central Board of Direct Taxes (CBDT) has exempted salaried employees from the requirement of filing the …

The Central Board of Direct Taxes (CBDT) has recently issued a notification which has made it mandatory for individuals earning an annual income above INR 10 lakhs to file their Income Tax Returns online, from the current Financial Year 2011-12 (Assessment Year 2012-13) onwards. Filing income …