Thus, once such TDS certificate is obtained, the salaried taxpayers should file their return after verifying the details of such certificate,” he adds.Īlso Read: Can you change tax regime while filing Income Tax Return (ITR)?
Such form is generally issued by the employers in the first half of June as the last day for TDS filing for the quarter ending March is 31st May and Form 16 is to be issued within 15 days from such return filing. “However, it is pertinent to note that salaried individuals usually file their tax returns based on the TDS certificate (Form 16) received from their employers. Since the income tax forms for AY 2023-24 were notified in the month of February 2023 itself, taxpayers, including salaried taxpayers and as such technically, the taxpayers could commence their ITR filings for Financial Year 2022-23 (relevant to AY 2023-24) from 1st April 2023 itself,” says Dr Surana. “Generally, the filing of Income Tax returns would commence from 1st day of April of the relevant assessment year (AY) or from the date such Income tax forms are notified by the CBDT, whichever is later. This means salaried employees may be able to start filing their returns from mid-June 2023 onwards till July 31, 2023.Īlso Read: Salaried? Still confused about Income Tax Regime selection? Do this This form is generally issued in the first half of June.
However, salaried individuals usually file their returns after receiving Form 16 from their employers. Donating to political parties for tax saving? Know these rules to avoid troubleĪlso Read: 5 things you should do to prepare for ITR filing on your own in 2023 Salaried? You may have to wait a little longerĪccording to Dr Suresh Surana, Founder of RSM India, the ITR filing should technically start from April 1 itself.
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