The tax deductor should deposit the amount by the 7th day of the next month. (Image: Freepik) Tax deducted at source (TDS) is the income tax deducted from the payment made including salaries, ...

ITR: If you are a salaried individual, Form 16 is a crucial document for filing the income tax return (ITR). Employers are required to file their e-TDS return for the January–March quarter by 31 May.

a) Section 276B of The Income Tax Act provides that if a person fails to deposit TDS deducted, he shall be punishable with rigorous imprisonment for a term which shall not be less than three months ...

The simplest way to avoid an income tax notice is to file your Income Tax Return (ITR) before the due date. Make sure the ...

Even if your dividend income is below the basic exemption limit, TDS may still be deducted. Here’s how to claim a refund and avoid future deductions. Moneycontrol’s Ask Wallet-wise initiative offers ...