With the Income Tax Department set to release updated ITR filing guidelines for 2025, salaried individuals must understand ...

It seems that due to deletion of two words – ‘no deduction’ in the proposed new Income Tax Bill 2025 will result in removal ...

Form 16 is a certificate that an employer gives to an employee, which shows how much salary he earned and how much tax they ...

After determining taxable income and applying any relevant ... One underutilized tax credit is the Certificate of Creditable Tax Withheld at Source (CWT Certificate or BIR Form 2307).

Employers are urged to issue IRP5/IT3(a) tax certificates well before the beginning of the individual tax filing season to ...

Sellers must collect and deposit TCS by the 7th of the following month, issue the buyer a TCS certificate, and file quarterly ...