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These salaried employees need to submit investment, expenditure proofs to employer to avoid full TDS on salary Due to this, not all salaried employees now have to submit investment and expenditure proofs to avoid full tax on salary. Employers have sent emails to the employees reminding them to submit tax-saving proofs to avoid higher tax deduction from salary
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Good news for taxpayers: ITR forms to allow 87A tax rebate claims have now been updated however there is a catch The Income Tax Department has now updated the excel utility to allow 87A tax rebate claims. "The updated excel utilities for ITR Forms 2 and 3 to exercise the option to update rebate u/s 87A for AY 2024-25 are now available."
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