Income Tax Refund
1 week ago
Hello Team,
My employer deducted approximately ₹10000 each month from my Jan, Feb and March 2024 salary. I'm waiting for my Apr 2024 salary and not sure if this month also tax will be deducted. My question is, how to get back the TDS?
A.Dear Client,
A financial year ends on 31st March of the year and the assessment year of that FY ends on 31st March of the next year, In between an income tax assessee has to file an ITR within the due date of filing through the respective form online to get back the TDS if on the computation of his gross income from all sources and after deduction of the standard rebate available to an assessee under I T Act, the taxable income qualify for the refund of TDS deducted by your employer. It is always advisable to file an ITR through a professional like CA or an Income Tax practitioner to ensure filing an error-free ITR to avoid future complexities.
A financial year ends on 31st March of the year and the assessment year of that FY ends on 31st March of the next year, In between an income tax assessee has to file an ITR within the due date of filing through the respective form online to get back the TDS if on the computation of his gross income from all sources and after deduction of the standard rebate available to an assessee under I T Act, the taxable income qualify for the refund of TDS deducted by your employer. It is always advisable to file an ITR through a professional like CA or an Income Tax practitioner to ensure filing an error-free ITR to avoid future complexities.
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A.Dear Client,
There are certain criterias for getting your TDS, firstly your relationship status- if you are married then higher rate may be deducted, additionally if you have overpaid other taxes or filed for returns online only then you would be beneficial. these are the steps to be followed for filing online returns:
1. Sign in or sign up on the online e-filing portal of the Income Tax Department, i.e., incometaxindiaefiling.gov.in
2. Fill in the relevant details in the applicable Income Tax Return (ITR) form.
3. On submission of the ITR, the portal generates an acknowledgement.
4. E-verify the acknowledgement through the digital signature, net banking account, or an Aadhaar-based one-time password (OTP).
There are certain criterias for getting your TDS, firstly your relationship status- if you are married then higher rate may be deducted, additionally if you have overpaid other taxes or filed for returns online only then you would be beneficial. these are the steps to be followed for filing online returns:
1. Sign in or sign up on the online e-filing portal of the Income Tax Department, i.e., incometaxindiaefiling.gov.in
2. Fill in the relevant details in the applicable Income Tax Return (ITR) form.
3. On submission of the ITR, the portal generates an acknowledgement.
4. E-verify the acknowledgement through the digital signature, net banking account, or an Aadhaar-based one-time password (OTP).
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