Hi Experts,
I would be joining a company this coming July. I have a few queries on income tax basically TDS.
1) Would the company deduct the income tax from the salary from the very first month? And if so how can one save under various saving schemes and reclaim the income tax deducted?
(Filing for income tax reimbursement from Income Tax dept can be a cumbersome process , so I would like to know how can I reclaim the income tax from the company itself.)
2) Is there a provision wherein one can pledge to the company that he/she would save Rs. X under tax saving scheme?
Thanks
I would be joining a company this coming July. I have a few queries on income tax basically TDS.
1) Would the company deduct the income tax from the salary from the very first month? And if so how can one save under various saving schemes and reclaim the income tax deducted?
(Filing for income tax reimbursement from Income Tax dept can be a cumbersome process , so I would like to know how can I reclaim the income tax from the company itself.)
2) Is there a provision wherein one can pledge to the company that he/she would save Rs. X under tax saving scheme?
Thanks