Form 122 under IT Act 2025: New Tax Declaration for Salaried Employees

Last updated: 29 April 2026 Follow on Google News

Overview The introduction of Form No. 122 under the Income Tax Act, 2025 marks a significant shift in how salaried individuals report multiple income sources and manage Tax Deducted at Source (TDS). Replacing earlier Forms 12B and 12BAA, this consolidated declaration aims to simplify tax compliance

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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