What is Form 16? How to download Form 16 to file income tax return (ITR)

Form 16 is a certificate issued by an employer under section 203 of the Income-tax Act, 1961, which pertains to the deduction of tax at source (TDS) from the income earned as salary during a financial year. The employer provides it to show the tax deducted from the employee’s salary, which is then deposited with … Read more

Income Tax: How to claim a deduction under Section 80G for donations made to Ayodhya Ram Mandir Trust?

The “Pran Pratishtha” ritual at the Ram Mandir in Ayodhya, signifying the resolution of a centuries-old dispute, was truly a significant event. Occurring on January 22, 2024, it brought immense joy to millions of Hindus globally, marking a momentous celebration. The construction of the majestic temple, symbolizing the emergence of a splendid and self-reliant India, … Read more

How to make the most of tax benefits by investing in insurance products? MintGenie explains

Entering the new calendar year brings you nearer to the conclusion of the financial year. It is essential to comprehend your tax obligations before establishing any financial objectives. Examining your financial situation provides a comprehensive view of your present standing, and skilfully integrating insurance can yield various advantages beyond mere protection. Insurance products play a … Read more