Get an SMS on TDS from Income Tax Department? What you should know here – CNBC TV18

Some salaried taxpayers across the country would have received messages from the Income Tax Department about their total tax deduction in the source (TDS). The message sent as SMS includes the details of the TD cut by the employer for the quarter ended December 31 and the cumulative TDS for the financial year 2024-25.

The message, which reads, is the total TDS ₹ XXX by the employer of Pan XXX for the QTR ending on 31 December and the cumulative TDS for FY 24-25 is ₹ XXX. See 26AS for the details. ITD team, ” The last quarter and the last financial year have to provide acknowledgment of the deposited TDS.

However, some taxpayers misrepresented this message, estimating whether they do more to the department.

This SMS alert service was introduced at the end of 2016 for the purpose of informing taxpayers about their total TDS deduction.

It acts as a tool for individuals that matches the salary slip of your office with the details given in the message.

In fact, salaried individuals will have to wait by mid-June to enter the Income Tax Return (ITR) for the financial year 2024-25 as this is the time when employers release Form 16.

According to the rule, employers will have to release Form 16 every year on or before 15 June immediately after the financial year, in which tax is cut.

Form 16, a certificate issued by employers includes the required information for ITR filing, including TD and Tax details collected on the source (TCS) for various transactions between the employer and the employee.