Updated in June-2023
Revealing an employee's income to the tax authorities is called an Income tax (IT) declaration. The declaration includes all the income sources and the tax paid on them by the employees.
An employer must deduct Income Tax for all eligible employees and remit the taxes to the tax department. To reduce the tax burden, employees can declare their tax savings and exemptions to the employer.
Here is a complete list of helpful resources to help you gain an in-depth understanding of Income Tax: