New Delhi: The Income Tax department on Tuesday extended the deadline for employers to issue Form 16 TDS certificate for the financial year 2018-19 to its employees by 25 days till July 10.
However, the extension would leave the salaried taxpayers with a limited time-frame of just 20 days to file their income tax returns.
Also the due date of filing of TDS (tax deducted at source) statement by employers to Income Tax department in Form 24Q for the financial year 2018-19 has been extended by a month till June 30, 2019.
The Central Board of Direct Taxes (CBDT) in a statement said with a view to redress genuine hardship of deductors in timely filing of TDS statement on account of revision of its format and consequent updating of the file validation utility for its online filing, the deadline is being extended.
Hence, the due date of filing of TDS statement in Form 24Q for the financial year 2018-19 has been extended from May 31, 2019, to June 30, 2019, while the same for issue of TDS certificate in Form 16 for the financial year 2018-19 has been extended from June 15, 2019 to July 10, 2019.
Read more:New Form 16: Must know changes for salaried employees
Employers deduct TDS at the time of paying salary to an employee, following which he has to file salary TDS return in Form 24Q which has to be submitted to the I-T department on a quarterly basis.