Further,
The person who deducts the tax (TDS) issues a Certificate (Form 16) to enable you to claim the same from the government. Otherwise, your tax credit will be lost. Your Company can claim the benefit of TDS towards adjustment of Income Tax payable by your company, or if no Income Yax is payable by your company, your company can claim a refund from the Income Tax Department.
The person who deducts the tax (TDS) issues a Certificate (Form 16) to enable you to claim the same from the government. Otherwise, your tax credit will be lost. Your Company can claim the benefit of TDS towards adjustment of Income Tax payable by your company, or if no Income Yax is payable by your company, your company can claim a refund from the Income Tax Department.