The document discusses Tax Deduction at Source (TDS) in India. Some key points:
- TDS is a system where the payer of certain types of payments like salary, rent, interest, etc. is required to deduct a percentage of tax from the payment amount.
- Common deductions include interest, commission, rent, salary. The deducted amount is paid to the government on behalf of the recipient.
- TDS rates vary based on the type of income and thresholds. For example, interest income above ₹40,000 is taxed at 10%.
- Form 26AS issued by the employer/payer shows the TDS deducted from salary payments.
Income Tax in India, Income taxes are a source of revenue for governments. They are used to fund public services, pay government obligations, and provide goods for citizens.
The first Income-tax Act in India was introduced in 1860 on account of financial stress owing to the mutiny of 1857 and was to be in force for a period of 5 years.
The Income Tax Act 1961 has been brought into force on 1 April 1962. It applies to the whole of India (including Jammu and Kashmir).
An Income Tax in India is a direct tax that a government imposes on the annual income and profits earned by individuals and entities. It is calculated on the net taxable income of a person or entity for the applicable financial/fiscal year, which starts from the 1st of April of a year and ends on the 31st of March of the next calendar year.
Under Fundamental Concepts of Income Tax Presentation, Important Definitions under Income Tax Act, Residential Status of the assesses & its tax incidence is covered.
Income Tax in India, Income taxes are a source of revenue for governments. They are used to fund public services, pay government obligations, and provide goods for citizens.
The first Income-tax Act in India was introduced in 1860 on account of financial stress owing to the mutiny of 1857 and was to be in force for a period of 5 years.
The Income Tax Act 1961 has been brought into force on 1 April 1962. It applies to the whole of India (including Jammu and Kashmir).
An Income Tax in India is a direct tax that a government imposes on the annual income and profits earned by individuals and entities. It is calculated on the net taxable income of a person or entity for the applicable financial/fiscal year, which starts from the 1st of April of a year and ends on the 31st of March of the next calendar year.
Under Fundamental Concepts of Income Tax Presentation, Important Definitions under Income Tax Act, Residential Status of the assesses & its tax incidence is covered.
New income tax regime Vs Old Income Tax Regime - what is good for you Husys Consulting Ltd
In this document, we looked at the differences between the New Income Tax Regime and how our old Income Tax Regime. How is it useful for employees. There is a clear difference in using these regimes. Employees are allowed to use any of these.
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Twitter : @Husys
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Any questions can be directed to: reach(at)husys.com Phone : +91-9948078937 (India)
Dear Professional Friends,
Please find attached the "RJR Budget Bulletin 2019" containing summary of amendments made by Interim and Full Finance Bill, 2019.
Hope you find the same in order.
Tax Rates for Assessment Year 2021 22 | CA Sana BaqaiSana Baqai
For the assessment year 2021-22 i.e. for Financial year 2020-21 the tax rates for individuals, partnership firms, LLP, Indian Companies, Foreign Companies are defined in this document.
The tax rates may vary from year to year and changes in tax rates take place every year through Unio Budget announced by Finance Minister in the month of February.
For any tax paying individual, to have a working knowledge of how income tax is calculated can only make life simpler. Learn how to calculate Income Tax based upon income tax slabs in India for the financial year 2015-16 on It’s All About Money.
Assignment on Factor affecting avoidance of Income Tax in Bangladesh
Tax experience in practical life
How pay tax
Recent Tax payment system
Problem Face in paying Tax
Recommendation
•What is income tax –Best income tax lawyer in lucknow.pptxGabrielLechner1
Income tax is a tax that governments impose on individuals' earnings or income, including wages, salaries, dividends, interest, rental income, and other sources of income. The purpose of income tax is to generate revenue for the government to fund public services, infrastructure, and other expenditures.
Income tax is usually progressive, meaning that higher-income individuals are taxed at higher rates. Tax rates and brackets can vary significantly between countries, and some countries may also have different tax rates for different types of income (e.g., earned income vs. investment income).
Taxpayers are typically required to file tax returns annually, reporting their income and calculating the amount of tax they owe based on the applicable tax rates and deductions. Taxpayers may also be eligible for various tax credits and deductions that can reduce their taxable income or the amount of tax they owe.
Governments use various methods to collect income tax, such as withholding taxes from paychecks (pay-as-you-earn or PAYE system), estimated tax payments for self-employed individuals, and annual tax return filings for individuals and businesses.
Overall, income tax is a crucial component of a country's tax system, providing essential revenue for government operations and public services while also influencing economic behavior and wealth distribution.
There are several reasons why taxes are necessary. First and foremost, taxes provide the government with the funds needed to finance essential public services and projects that benefit society as a whole. These services include maintaining roads and bridges, funding public schools and universities, providing healthcare services, and ensuring public safety through law enforcement and emergency services.
Additionally, taxes play a crucial role in redistributing wealth and reducing economic inequality. Progressive tax systems, for instance, require higher-income individuals to pay a larger percentage of their income in taxes, while lower-income individuals pay a lower percentage. This helps ensure that wealthier individuals contribute proportionally more to society's needs and helps fund social welfare programs that support disadvantaged populations.
Furthermore, taxes can be used as a tool to influence economic behavior and achieve policy objectives. For example, governments may use tax incentives or penalties to encourage environmentally friendly practices, promote investment in specific industries or regions, or discourage harmful activities such as smoking or excessive consumption of sugary drinks.
In summary, taxes are necessary for funding public services, reducing economic inequality, and achieving various policy goals that benefit society as a whole. While they may be a source of contention for some, they are a fundamental aspect of modern governance and play a vital role in shaping the economic and social landscape of a country.
Hadj Ounis's most notable work is his sculpture titled "Metamorphosis." This piece showcases Ounis's mastery of form and texture, as he seamlessly combines metal and wood to create a dynamic and visually striking composition. The juxtaposition of the two materials creates a sense of tension and harmony, inviting viewers to contemplate the relationship between nature and industry.
New income tax regime Vs Old Income Tax Regime - what is good for you Husys Consulting Ltd
In this document, we looked at the differences between the New Income Tax Regime and how our old Income Tax Regime. How is it useful for employees. There is a clear difference in using these regimes. Employees are allowed to use any of these.
#hrexpert #hrservices
#labourlaws #payrollmanagement #hrbusinesspartner #eor #peo #hrsupport #hrtechnology
#hrconsulting #gigworkers
#careerstargroup
#smebusiness #hr #hrconsultancy #hrtech
#hroutsourcing #smesector #outplacement
#msme #globalworkforce #payrolling #indiapeo #indiaentry #smesurvival #peoindia #hrcloud #indiapayroll #listing
Follow Husys on :
Linkedin : https://www.linkedin.com/company/143536/
Facebook : https://www.facebook.com/Husys
Twitter : @Husys
Slide Share : https://www.slideshare.net/grhusys/
Any questions can be directed to: reach(at)husys.com Phone : +91-9948078937 (India)
Dear Professional Friends,
Please find attached the "RJR Budget Bulletin 2019" containing summary of amendments made by Interim and Full Finance Bill, 2019.
Hope you find the same in order.
Tax Rates for Assessment Year 2021 22 | CA Sana BaqaiSana Baqai
For the assessment year 2021-22 i.e. for Financial year 2020-21 the tax rates for individuals, partnership firms, LLP, Indian Companies, Foreign Companies are defined in this document.
The tax rates may vary from year to year and changes in tax rates take place every year through Unio Budget announced by Finance Minister in the month of February.
For any tax paying individual, to have a working knowledge of how income tax is calculated can only make life simpler. Learn how to calculate Income Tax based upon income tax slabs in India for the financial year 2015-16 on It’s All About Money.
Assignment on Factor affecting avoidance of Income Tax in Bangladesh
Tax experience in practical life
How pay tax
Recent Tax payment system
Problem Face in paying Tax
Recommendation
•What is income tax –Best income tax lawyer in lucknow.pptxGabrielLechner1
Income tax is a tax that governments impose on individuals' earnings or income, including wages, salaries, dividends, interest, rental income, and other sources of income. The purpose of income tax is to generate revenue for the government to fund public services, infrastructure, and other expenditures.
Income tax is usually progressive, meaning that higher-income individuals are taxed at higher rates. Tax rates and brackets can vary significantly between countries, and some countries may also have different tax rates for different types of income (e.g., earned income vs. investment income).
Taxpayers are typically required to file tax returns annually, reporting their income and calculating the amount of tax they owe based on the applicable tax rates and deductions. Taxpayers may also be eligible for various tax credits and deductions that can reduce their taxable income or the amount of tax they owe.
Governments use various methods to collect income tax, such as withholding taxes from paychecks (pay-as-you-earn or PAYE system), estimated tax payments for self-employed individuals, and annual tax return filings for individuals and businesses.
Overall, income tax is a crucial component of a country's tax system, providing essential revenue for government operations and public services while also influencing economic behavior and wealth distribution.
There are several reasons why taxes are necessary. First and foremost, taxes provide the government with the funds needed to finance essential public services and projects that benefit society as a whole. These services include maintaining roads and bridges, funding public schools and universities, providing healthcare services, and ensuring public safety through law enforcement and emergency services.
Additionally, taxes play a crucial role in redistributing wealth and reducing economic inequality. Progressive tax systems, for instance, require higher-income individuals to pay a larger percentage of their income in taxes, while lower-income individuals pay a lower percentage. This helps ensure that wealthier individuals contribute proportionally more to society's needs and helps fund social welfare programs that support disadvantaged populations.
Furthermore, taxes can be used as a tool to influence economic behavior and achieve policy objectives. For example, governments may use tax incentives or penalties to encourage environmentally friendly practices, promote investment in specific industries or regions, or discourage harmful activities such as smoking or excessive consumption of sugary drinks.
In summary, taxes are necessary for funding public services, reducing economic inequality, and achieving various policy goals that benefit society as a whole. While they may be a source of contention for some, they are a fundamental aspect of modern governance and play a vital role in shaping the economic and social landscape of a country.
Hadj Ounis's most notable work is his sculpture titled "Metamorphosis." This piece showcases Ounis's mastery of form and texture, as he seamlessly combines metal and wood to create a dynamic and visually striking composition. The juxtaposition of the two materials creates a sense of tension and harmony, inviting viewers to contemplate the relationship between nature and industry.
2137ad Merindol Colony Interiors where refugee try to build a seemengly norm...luforfor
This are the interiors of the Merindol Colony in 2137ad after the Climate Change Collapse and the Apocalipse Wars. Merindol is a small Colony in the Italian Alps where there are around 4000 humans. The Colony values mainly around meritocracy and selection by effort.
Explore the multifaceted world of Muntadher Saleh, an Iraqi polymath renowned for his expertise in visual art, writing, design, and pharmacy. This SlideShare delves into his innovative contributions across various disciplines, showcasing his unique ability to blend traditional themes with modern aesthetics. Learn about his impactful artworks, thought-provoking literary pieces, and his vision as a Neo-Pop artist dedicated to raising awareness about Iraq's cultural heritage. Discover why Muntadher Saleh is celebrated as "The Last Polymath" and how his multidisciplinary talents continue to inspire and influence.
2137ad - Characters that live in Merindol and are at the center of main storiesluforfor
Kurgan is a russian expatriate that is secretly in love with Sonia Contado. Henry is a british soldier that took refuge in Merindol Colony in 2137ad. He is the lover of Sonia Contado.
2. Rate on Interest in TDS
Particular Amount Tax Rate
Interest 10000 10%
Commission 5000 5%
Rent From 18000 2&
Plant & Machine
Rent From 180000 10%
Land & Building
3. •Is a system introduced by income Tax Department
•Where person responsible for making specified
payments such as
•Salary,
•Commission
•Professional fees,
•Interest,
•Rent, Etc.
•Is liable to deduct a certain percentage of tax before
making, payment in full to the receiver of the
payment. As the name suggests, the concept of TDS
is to deduct tax at its source
Tax Deduction at Source (TDS)
6. How TDS work ICICI Band
Branch 4
AT 12% 10%
Amount Interest TDS
500000 60000 6000
500000
FD
There is no TDS interest earned on saving
account
7. How TDS work ICICI Band
Branch
4
Branch
1
Branch
2
Branch
3
80000
80000
80000
180000
SBI
Bank Branch Amount At 12%
Interest
10%
TDs
SBI Main 80000 9600 0
ICICI 4 80000 9600 0
ICICI 1 80000 9600 0
ICICI 2 80000 9600 0
ICICI 3 180000 21600 2160
80000
8. Tax Deducted at Source (TDS)
•Ref:- Section 194A (1) read with 194A (3) (i)
•Provision up-to 31/05/15
•TDS will be deducted on interest (other then Interest on Securities) over
a specified threshold limit (mentioned above ) on branch wise.
•From 01-06/2015
•TDS will be deducted on interest (other then Interest on Securities) over
a specified threshold limit (mentioned above ) on BANK WISE and not
branch wise
•File From 15G/15h to avoid TDS in case annual income is less
then exemption limit
9. From 15H is for senior citizens, those who are
60 years or older;
while from 15G is for Everybody else.
10. Provision relating to TDS [No PAN –
TDS at higher rate]
1. Finance Act (2) of 2009 makes PAN compulsory in
case of TDS eligible payments. Failing that, the
deductor will be paying TDS at a higher rate.
2. The government of India issued a notification dated
January 20, 2010, relating to tax deduction at source
(TDS) under Income Tax Act 1961. This was
applicable with effect from 1st April 2010.
3. As per the notification, all transactions liable for TDS
will have tax deduction at a higher percent of 20% if
the Permanent Account Number (PAN) of the
payees is not available.
4. The law also applies to all non-residents in respect
of payments/ remittances(प्रेषण)liable to TDS.
11. Why TDS is levied and at what rate?
Section 192
Average Income Tax Rate
Salaries Employee
12. What is TDS
Why TDS is levied and at what rate?
Tax deducted as TDS on salary can be viewed in the
From 1
Which is issued by Employer
50000
Company
Or
Employer
13. Tax deducted as TDS on salary can be viewed in the
From 1
Which is issued by Employer
50000
Company
Or
Employer
Income Tax
Department
15. Important Terms
FY Financial Year –
The financial year (FY) is the which you earn an income
AY Assessment Year
Assessment Year (AY) the year which the income is evaluated
(eqY;kadu)
Assesse-(djnkrk)
A person whose income is to be assessed
(Assesse For Exam. Tax payer Person)
16. Why TDS is levied and at what rate?
Section 192
Average Income Tax Rate
Salaries Employee
17. Salary per Month 50000
Yearly Estimated 600000
Claim Deduction of 50000
His income chargeable to Tax after deduction is 550000
Total tax liability for the year according to tax slab is 12500+10000
Average rate tax on salary =22500*100 =3.75
TDS is @ 3.75 per month deduct on salary 50000 = 1875
600000
18.
19.
20.
21. Income Tax Slabs & Rates 2020-2021
The Finance Minister introduced new tax
regime in Union Budget, 2020 wherein
there is an option for individuals and HUF
(Hindu Undivided Family) to pay taxes at
lower rates without claiming deductions
under various sections. The following
Income Tax slab rates are notified in new
tax regime vs old tax regime:
22. Income Tax Slab Tax Rates As Per New
Regime
Tax Rates As Per Old Regime
₹0 - ₹2,50,000 Nil Nil
₹2,50,001 - ₹ 5,00,000 5% 5%
₹5,00,001 - ₹ 7,50,000 ₹12500 + 10% of total
income exceeding ₹5,00,000
₹12500 + 20% of total
income exceeding ₹5,00,000
₹7,50,001 - ₹ 10,00,000 ₹37500 + 15% of total
income exceeding ₹7,50,000
₹62500 + 20% of total
income exceeding ₹7,50,000
₹10,00,001 - ₹12,50,000 ₹75000 + 20% of total
income exceeding
₹10,00,000
₹112500 + 30% of total
income exceeding
₹10,00,000
₹12,50,001 - ₹15,00,000 ₹125000 + 25% of total
income exceeding
₹12,50,000
₹187500 + 30% of total
income exceeding
₹12,50,000
Above ₹ 15,00,000 ₹187500 + 30% of total
income exceeding
₹15,00,000
₹262500 + 30% of total
income exceeding
₹15,00,000
23. New tax regime slab rates are not differentiated based on age group. However, under old tax
regime the basic income threshold exempt from tax for senior citizen (aged 60 to 80 years) and
super senior citizens (aged above 80 years) is ₹ 3 lakh and ₹ 5 lakh respectively.
However, under new tax regime person cannot claim up to 70 income tax deductions while
calculating taxes. Hence, every person has to make his/her own calculation as per old and new
tax regime and calculate which one is beneficial based on type of investments made and returns
earned on those investments.
Consider an example, a person aged 35 years has the total income of ₹11, 00,000 and has made
the investment under section 80C of ₹1, 50,000 and under Section 80CCD of ₹50,000. He has
claimed income tax deduction with medical and Leave travel allowance of ₹50000 and HRA of
₹1,50,000 The tax payable under new and old tax regime is as follows:
नई कर व्यवस्था स्लैब दरों में आयु वर्ग क
े आधार पर अंतर नह ं ककया जाता है। हालांकक, पुरानी कर
व्यवस्था क
े तहत वररष्ठ नार्ररक (60 से 80 वषग की आयु) और सुपर वररष्ठ नार्ररकों (80 वषग से अधधक
आयु क
े ) क
े ललए कर से छ
ू ट की मूल आय सीमा क्रमशः ₹3 लाख और ₹5 लाख है। हालांकक, नई कर
व्यवस्था क
े तहत व्यक्तत करों की र्णना करते समय 70 आयकर कटौती का दावा नह ं कर सकता है।
इसललए, प्रत्येक व्यक्तत को पुरानी और नई कर व्यवस्था क
े अनुसार अपनी र्णना करनी होर्ी और र्णना
करनी होर्ी कक कौन सा ननवेश ककए र्ए ननवेश क
े प्रकार और उन ननवेशों पर अक्जगत ररटनग क
े आधार पर
फायदेमंद है। एक उदाहरण पर ववचार करें, 35 वषग की आयु क
े व्यक्तत की क
ु ल आय ₹11,00,000 है और
उसने ₹1,50,000 की धारा 80सी और ₹50,000 की धारा 80सीसीडी क
े तहत ननवेश ककया है। उन्होंने
₹50000 क
े धचककत्सा और छ
ु ट्ट यात्रा भत्ते और ₹1,50,000 क
े एचआरए क
े साथ आयकर कटौती का दावा
ककया है, नई और पुरानी कर व्यवस्था क
े तहत देय कर इस प्रकार है
24. Particulars New Regime Old Regime
Gross total income ₹ 11,00,000 ₹ 11,00,000
Less: Deductions under 80C ₹ 0 ₹ 1,50,000
Less: Standard Deduction (Medical & Travel Allowance) ₹ 0 ₹ 50,000
Less: Deductions under 80CCD ₹ 0 ₹ 50,000
Less : HRA deduction as per sect₹ 20,000ion 10(13A) ₹ 0₹ 0 ₹ 1,50,000
Taxable Income ₹ 11,00,000 ₹ 7,00,000
Taxes payable as per slab rates
₹0 - ₹2,50,000 ₹ 0 ₹ 0
₹2,50,001 - ₹ 5,00,000 ₹ 12,500 ₹ 12,500
₹5,00,001 - ₹ 7,50,000 ₹ 25,000 ₹ 40,000
₹7,50,001 - ₹ 10,00,000 ₹ 37,500 ₹ 0
₹10,00,001 - ₹12,50,000 ₹ 20,000 ₹ 0
Total taxes ₹ 95,000 ₹ 52,500
25. Income Tax Slabs and Rates for Financial
Year: 2019-20
Income Tax Slab Individuals Below The Age Of 60 Years
Up to `2,50,000 Nil
2,50,001 to 5,00,000 5%
5,00,001 to 10,00,000 12,500 + 20% of total income
exceeding 5,00,000
Above 10,00,000 1,12,500 + 30% of total income
exceeding 10,00,000
26. Above rates does not include Surcharge and Cess.
10% surcharge is applicable on income tax if income exceeds 50 lacs but
upto 1 crore
15% surcharge is applicable on income tax if income exceeds 1 crore
4% Health & Education Cess is applicable on the income tax and applicable
surcharge.
Tax rates and slabs are same for Male and Female as per above table
Individuals having total income below 5 lakhs, are eligible for full tax
rebate under section 87A
27. Particulars (.) Ravi Ramesh Rahul
Annual Salary 5,00,000 10,00,000 15,00,000
Less: Standard Deduction (Medical & Travel
Allowance)
50,000 50,000 50,000
Less : Deduction u/s 80C 80,000 1,50,000 1,50,000
Less : HRA deduction as per section 10(13A) 92,000 1,00,000 1,50,000
Gross Taxable Income (GTI) 2,78,000 7,00,000 11,50,000
Tax computation on GTI
Up to 2,50,000
2,50,001 to 5,00,000 1,400 12,500 12,500
5,00,001-10,00,000 40,000 1,00,000
Above 10,00,001 45,000
A Total tax 1,400 52,500 1,57,500
B Less Rebate u/s 87A 1,400
C Add: Health & Education Cess @ 4% on (A-B) 2,100 6,300
D Tax Payable (A-B+C) 54,600 1,63,800
Now, let’s examine the salary components of Ravi, Ramesh & Rahul to get a clear
picture
28. Income Thresold Tax Rate Applicable
Up to ₹ 2,50,000 NIL
₹ 2,50,001 to ₹ 5,00,000 5% on income exceeding Rs. 2.5 lakh (max.
Rs. 12,500)
₹ 5,00,001 to ₹ 10,00,000 20% on income exceeding Rs. 5 lakh (max.
Rs. 1 lakh) + Rs. 12,500
Over ₹ 10,00,000 30% on income exceeding Rs. 10 lakh + Rs.
1 lakh + Rs. 12,500
30. 1. Surcharge: In case income is more than ₹ 50 lakhs and less than
₹ 1 crore, the surcharge is applicable at a rate of 10% of the
income tax. For income, more than ₹ 1 crore, a surcharge of
15% is applicable on income tax on the amount exceeding ₹ 1
crore.
2. Health and Education Cess: “Education Cess” and “Secondary
and Higher Education Cess” will be replaced by “Health and
Education Cess” at the rate of 4%, on the amount of tax
computed, inclusive of surcharge.
3. The interim budget 2019 has provisioned to provide a full tax
rebate to individuals having a net taxable income (income
adjusted after eligible tax deductions) upto Rs 5lakhs. It means
that the maximum tax rebate provided under section 87A has
been increased from Rs. 2,500 to Rs. 12,500. Individuals having
net taxable income upto Rs. 5lakhs can claim the tax rebate
under 87A and thus effectively pay zero tax.
32. TDS Penalties
1. एम्प्लायर (Deductor) द्वारा
काटे र्ए ट डीएस को due
date से पहले सेंट्रल र्वनगमेंट क
े
खाते में जमा करवाना पड़ेर्ा
और due date क
े भीतर ह
अपनी tds Return को फाइल
करना पड़ेर्ा
2. ऐसा नह ं करने पर एम्प्लायर
पर इंटरेस्ट और पेनल्ट लर्ाए
जा सकते है। इसक
े अलावा
एम्प्लायर को उस अमाउंट की
टैतस में छ
ू ट प्रा्त नह ं होर्ी
क्जस पर ट डीएस नह ं काटा
र्या है या ट डीएस काटने क
े
बाद जमा नह ं करवाया र्या है।
• TDS deducted by the employer
(Deductor) will have to be
deposited in the Central
Government account before the
due date and file their tds Return
within the due date.
• If not doing so, interest and
penalty can be imposed on the
employer. In addition, the
employer will not get tax
exemption for the amount on
which TDS has not been deducted
or deposited after deducting TDS.
33. TDS Penalties
1. एम्प्लायर पर Rs 200 प्रनत ददन
क
े दहसाब से जब तक ट डीएस
जमा नह ं करवाया जाता है
फीस लर्ाई जायेर्ी और
minimum Rs 10000 से
अधधकतम Rs 100000 तक की
पेनल्ट लर् सकती है।
2. और यदद देय नतधथ को छ
ु ट्ट
का ददन है तो ट डीएस
एम्प्लायर द्वारा उसक
े अर्ले
ददन जमा करवाया जा सकता
है। Tds काटने क
े ललए एम्प्लायर
क
े पास TAN नंबर ( Tax
Identification number ) होना
जरुर है।
• The employer will be charged a
fee of Rs 200 per day until TDS is
deposited and penalties ranging
from a minimum of Rs 10000 to a
maximum of Rs 100000 may be
levied.
• And if the due date is a holiday,
then TDS can be deposited by the
employer the next day. To cut
TDS, the employer must have a
TAN number (Tax Identification
Number).
35. Tds Refund Process
• जब एम्प्लोयी की इनकम पर
अधधक ट डीएस काट ललया जाता
है या एम्प्लोयी की इनकम पर
ट डीएस काट ललया जाता है
लेककन एम्प्लोयी की इनकम
टैतसेबल लललमट से कम है तो
एम्प्लोयी द्वारा Return फाइल
करक
े tds ररफ
ं ड तलेम ककया जा
सकता है।
ट डीएस ररफ
ं ड तलेम करने क
े ललए
एम्प्लोयी को सबसे पहले
एम्प्लायर द्वारा ददए र्ए
सदटगकफक
े ट ( फॉमग 16 – सैलर क
े
मामले में ) में ट डीएस की डडटेल
को फॉमग 26 AS से लमलानी चादहये
और जााँच करनी चादहये कक
क्जतना ट डीएस काटा र्या है वह
फॉमग 26 AS में show कर रहा है
या नह ं ।
• When more TDS is deducted on
the income of the employee or
TDS is deducted on the income of
the employee but the income of
the employee is less than the
taxable limit, the TDS refund can
be claimed by the employee by
filing Return.
• In order to claim TDS refund, the
employee should first match the
TDS details in Form 26AS in the
certificate given by the employer
(in the case of Form 16 - Salary)
and check that the TDS deducted
is in Form 26AS. show or not.
36. Tds Refund Process
• यदद फॉमग 26 AS कम ट डीएस ददखला रहा है
तो इसका मतलब है कक employer ने अभी
तक tds जमा नह ं करवाया है या एम्प्लायर
द्वारा आपक
े पैन नंबर र्लत डाले र्ए है।
इसक
े ललए आपको एम्प्लायर से बात करनी
चादहए।
लेककन यदद एम्प्लायर द्वारा ट डीएस जमा
नह ं करवाया र्या तो आप उस इनकम पर
टैतस देने क
े ललए उत्तरदायी नह ं होंर्े क्जस
पर एम्प्लायर द्वारा tds काटा ललया र्या है।
इसक
े ललए एम्प्लोयी को ट डीएस डडडतशन
क
े proof अपने पास रखने चादहये जैसे कक
फॉमग 16, सैलर क्स्लप आदद। इसक
े अलावा
आप करननधागरण अधधकार को इसक
े सम्पबन्ध
में ललख सकते है।
• इसललए Return फाइल करने से पहले अपने
फॉमग 26 AS को जरूर चेक करे। यदद
एम्प्लोयी को फॉमग 16 जार नह ं ककया र्या
है तो एम्प्लोयी फॉमग 26 AS में द र्यी
डडटेल क
े आधार पर भी ट डीएस का ररफ
ं ड
तलेम कर सकता है।
• If the Form 26AS is showing less TDS, it
means that the employer has not yet
submitted the TDS or your PAN number has
been entered incorrectly by the employer.
For this you should talk to the employer.
• But if TDS is not deposited by the employer,
you will not be liable to pay tax on the
income on which TDS has been deducted by
the employer. For this, the employee should
keep proof of TDS deduction such as Form
16, Salary slip etc. Apart from this, you can
write to the taxing officer in this regard.
• So before filing the return, please check your
Form 26AS. If the Employee is not issued
Form 16, the Employee can also claim the
refund of TDS based on the details given in
Form 26AS.