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Itr for salaried employees
Is it mandatory to update itr quarterly for salaried employees, if not then kindly enlighten me regarding the process of tds, and itr of salaried employees
Replies (3)
ITR return cannot be updated quarterly. Its a one time process and hence can be done only after the end of the year. Whereas TDS is deducted & remitted monthly by employers and TDS return is filed quarterly. Form 16 will be issued by the emoloyer consolidating all the 4 quarters together which can be used to prepare the ITR by the employee.
Thanks sir for such information
Salaried person file one time ITR at the end of the F.Y. TDS is dedducted by employer monthly basis n file qtrly. File ITR-1 if having income from salaries, one house property, other income and having total income up to Rs 50 lakhs continues.
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