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Form 26AS vs Form 16: What’s the Difference and Why It Matters
Form 26AS and Form 16 are two key documents under the Indian Income Tax Act that ensure transparency and accuracy in income tax filing. Both serve as crucial records of taxes deducted and deposited, but they differ in purpose, structure, and scope. Form 26AS reflects the total tax deducted, collected, or paid under your PAN, while Form 16 certifies the tax deducted on your salary by your employer. Understanding their differences helps prevent tax mismatches, avoid defective

PRITI SIRDESHMUKH
Nov 4, 202510 min read


How to Handle Salary Mismatch Between Form 16 and ITR
When filing an Income Tax Return (ITR) , ensuring that the salary declared matches the figures in Form 16, the Annual Information Statement (AIS) , and Form 26AS is essential for smooth processing. Any mismatch can trigger refund delays, error notices, or scrutiny by the Income Tax Department. Salary mismatches often occur due to incorrect TDS reporting, multiple employers, or missing income entries. Understanding how to identify and resolve such discrepancies can help taxpa

Dipali Waghmode
Nov 4, 20259 min read
Filing Income from Two Jobs? Go Assisted, Not DIY
Earning income from multiple jobs during a financial year may seem straightforward, but filing Income Tax Returns (ITR) in such cases...

PRITI SIRDESHMUKH
Sep 17, 202510 min read
How to Compare Old vs New Regime While Filing with Form 16
Form 16 is a crucial document for salaried individuals in India, serving as a certificate issued by employers that details the salary...

Dipali Waghmode
Sep 16, 20259 min read
Reporting Only One Form 16? What If You Changed Jobs Mid-Year
Filing your Income Tax Return (ITR) can become more complicated when you change jobs during the year, especially when you have multiple...

Rashmita Choudhary
Sep 11, 20259 min read
Reporting Joint Home Loan with Co-Borrower in ITR: Who Gets What?
A joint home loan is a common way for multiple individuals, typically spouses or family members, to pool resources to purchase a...

PRITI SIRDESHMUKH
Sep 10, 20259 min read
What is a Flexible Benefit Plan in Salary? FBP Components, Declaration, and Advantages
With employee retention emerging as a major challenge across industries, organisations are willing to offer attractive salaries and...

Nimisha Panda
Sep 9, 202510 min read
How TaxBuddy Helps You Avoid Penalties with Timely, Accurate ITR Filing
Filing your Income Tax Return (ITR) on time and accurately is crucial for ensuring tax compliance and avoiding penalties. With the tax...
Farheen Mukadam
Sep 3, 202510 min read
Online Gaming: The Impact of the 2025 Bill on Winzo, Dream11, and More
The Indian government has announced the Online Gaming Bill 2025, which is a very big step in the direction of rightly managing online...
Farheen Mukadam
Aug 29, 20258 min read


Just Got a Salary Hike? Talk to a TaxBuddy Advisor
A salary hike can bring much-needed financial relief, but it can also lead to a shift in your tax liabilities. While an increase in...

Nimisha Panda
Aug 25, 20259 min read
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