Income Tax [Thread 22600]

Hi,
The last day for submitting the proofs of savings in our company was 15th Jan. Somehow i was not able to do that. I tried to subit the proofs last week however the concerned person did not accept. The result of that reflected in the salasy stament for the month of jan which showed Rs 1500 as tax deduction.
Is there any way i can submit the proofs directly to the Income Tax Department.
Thanks and Regards,
Alok Bhat

Hi,
You can do that while you file your returns. And you will get the excess tax paid, from Income tax department.
Regards
Nishanth

Thanks Nishanth.....
May i request you to please let me know the process for the same.
Can i approach Tax department in coming days as i have the documents ready with me?
Thanks again.
Alok Bhat

Hi Alok,
You have to file it after you get form16 from your employer. your employer should give to you before 30th Apr 2007. So after that you can file your returns.
Nishanth

Hi
You just need to fill these figures into your ITR ( saral ) along with attaching relevent proofs , no need to worry for the figures appearing in Form 16 . You need to recalculate the tax according to proofs available & excess tax deducted will be reflected in your ITR & will be refunded ( by IT deptt. )
Regards
Amit

Though you will get refund of the excess tax paid, it will take its own time to come. Also, you have to go through the formalities of submitting saral form after filling up all the details in the form. You may need some expert for filling this.
Is it not wise to follow the company's deadline instead of crying now?
Also, the company has its own problems of submitting the tax to the govt. and making form-16. Hence, they ahve kept a cut-off date.
Be wise next time.
Siva

Well tax saving documents can be considered till the preparation of payroll for the month of march, though it depends upon company and individual policy. 15th Jan is very harsh stipulation on company's part. If you were not able to provide the proof of investment, you should have given investment declaration form, stating the amount.
Still your tax documents can be considred if you request for the same or else submit them directly to accounts department if the HR is Reluctant even after request. (But do'nt disclose). Anyhow you will get refund of excess tax paid as per above advises, but not before Sep 2007.
Merry Lazying Around.