How to reimburse TDS(Tax Deducted at Source)?
I am getting monthly stipend of RS11,500. But still my
employer deducting 1300 pm as TDS. They said they will issue
form 16A to reimbruss. Please tell me the procedure to get
my money back.
Answers were Sorted based on User's Feedback
Answer / praveen babu
In your case the employer no need to deduct tds, because as per th income tax act up to 1,50,000/-.p.a. But he has deducted the tds. For this you no need to worry, Because if the employer deduct the tds, for this they will issue form 16A.If you contact with your auditor or any tax consultant, they will file the return u/s.139(1), For this you have to give the details like Form -16A, Your total other income details, PAN no., Bank A/c. details. The tax consultant will file your return and get back your refund.
Is This Answer Correct ? | 15 Yes | 2 No |
Answer / thakur
Not to worry, the actual form of salary TDS is Form -16,
demand form 16 from your employer. if he has deposited the
tds, then fill ITR1 and claim the refund in your itr from
IT department.
Is This Answer Correct ? | 8 Yes | 2 No |
Answer / r.sathyanarayanan
Actualy no need to deduct Tds from your salary, because you
earning only Rs.11,500/- (i.e Rs.11500 x 12 months =
1,38,000/-), As per Income Tax Rules Up to 1,50,000/-p.a
there is no tax. now already your employer deducting tds
from your salary, for that they will issue tds certificate,
after that you consult with your auditor.
Is This Answer Correct ? | 8 Yes | 7 No |
What happen if employer not deduct t.d.s. on salary paid upto December?
2 Answers TATA, Wasankar Wealth Management,
How can calculate tds and vat and what is pay roll. plz send answer immediatly
certificate of export is for which items?
Taxable and Exempted goods sale to pondicherry via bill no.1 and bill no.2 I received the C form for taxable bill no.1. But, C Form not received for Exempted bill no.2. It is required or not?
What is the VAT rate for Gold at present? How to calculate VAT for gold?
what is the diffrence b/w TIN and CST both are same?
WE ARE THE DEALER WE PURCHASE MATERIAL WITH VAT & USE THE SAME FOR LABOUR CHARGES + FINISHED GOODS BUSINESS & BUSINESS SHARE OF THE SAME IS 85:15, CLEAR ME CAN I TAKE FULL ADVANTAGE OF VAT CREDIT AGAINST MY VAT LIABILITY
Calculate debtors at the end of the year? debtors-50000, bad debts-2000, discount allowed-1000, 5% on bad debt, 2% discount allowed?
0 Answers OPI Global, Patra Corporation,
What can be done incase of excess payment of TDS Remittence than the actual amount? Is there any adjustment towards the excess amount with the upcoming TDS payment?
Kindly, tell me abount the WCT of U.P. material & labour supply for installment of lift in premises at Noida (U.P.), our lift supplier giving the bill in 90% material & 10% Labour & charged the up vat of 12.5% , Can we liable for WCT deductor ?
We had tax audit in our tour company. After examination of our tax account they have given us out standing tax liabilities in two type (1) corporate Tax (2) Vat. Now question is that in which ledger these liabilities will come and how should I pass entry for both in accounts. Kindly request to you please answer me
what is excise duty tax