Payroll Outsourcing Companies in India

FY 2017-18 –Filing ITR-1 on the Basis of Form 16

Each year, employers issue Form 16, the statement of salary paid and income tax deducted, to employees, and employees use the information in Form 16 to file their income tax return (ITR) using a tax return form such as ITR-1. Until last year (AY 2017-18), the format of ITR-1 was such that ...