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 is TDS?
what are CST,VAT ,TDS, Service tax .how they are applicable?
what is majore differance between TCS & TDS
what is the difference between real expense and operating expense?
What is different in balance sheet & trial Balance sheet ? Provisions entry in ending year ?
what is the actual use of pure agent in tally erp 9 and why we use in tally .and what is the role of pure agent
0 Answers Chartered Accountant,
how we fill right information in tally so that all service tax form fill automatically?
If possible Vat Charged on Service Tax ?
WE purchase Firewell for our office Rs.26500/- the vendor charge 5% vat on 26500=1325 and S.Tax 14.5% on 26500/- =3843 is it is possible please clarify
Can anybody tell me that what is the difference among ER- 1,ER-2,ER-5 and also write please applicablity circuler/rule for its limitation or please advice me the best book related rules which is helpful for excise accounting. "THANKS IN ADVANCE"
What is tax?
I am running a small business under labour charges. I purchase raw material paying tax. I do not have a tin no. In that case kindly advise How to file IT returns of my company and whether I can claim tax refund.