Receiving a Form 16 with zero Tax Deducted at Source (TDS) does not automatically clear you from the obligation of filing an Income Tax Return (ITR). Tax experts point out that Form 16 only reflects the salary paid and tax withheld by a specific employer; it does not account for a taxpayer's complete financial profile, alternate income streams, or high-value transactions.
The Income Tax Department has released Excel-based utilities for filing Income Tax Returns (ITR) for the financial year 2025–26 (assessment year 2026–27), enabling eligible...
