Author: Orlando Sutisna

The responsibility for deducting tax on salaries and issuing corresponding TDS certificates falls on the employer. However, even if your employer fails to issue Form 16, you must file and pay taxes if your annual income is above the minimum threshold of Rs. 3 Lakhs (new regime). According to the provisions of the Income Tax Act of 1961, you can use other alternative documents to compute your annual taxable income and file returns. This article outlines the documents needed to file ITR without Form 16. 

List of documents needed to file ITR without Form 16

• Salary slips for the relevant fiscal year

Your salary slips can help you compute your total salary income for the given financial year. Your salary slips will shed light on important details like your gross salary, exempt allowances, deductions, perquisites, arrears received, professional tax, employer contributions like PF, and tax deduction details. All this information …

Fixed deposits (FDs) have remained a popular choice among Indian investors due to their guaranteed returns and low risk. In the digital age, selecting the right bank for your FD is more important than ever, as a wide range of options is now available through online banking platforms and dedicated fixed deposit apps. Factors such as interest rates, customer service, and additional features like tax-saving options, including tax saving FD SBI, play a significant role in making the right choice. This article offers a comprehensive guide on selecting the best bank for your FD investments in today’s digital landscape.

Why choosing the right bank for your fixed deposit matters?

Selecting the right bank for your FD ensures you maximise returns, enjoy superior service, and access features that align with your financial goals. With the availability of digital platforms, comparing banks has become more convenient, enabling you to choose institutions that …