Hi all, I am getting 13,350, and the finance team is deducting TDS. After deduction, I am left with 12,015. I want to know how they are calculating TDS from my salary. I believe TDS deduction should not be applicable because my CTC is below 2 lakh per annum.
Query on TDS Refund
Also, is there any way to reclaim all the TDS deductions already paid?
Regards,
From India, Chandigarh
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1Query on TDS Refund
Also, is there any way to reclaim all the TDS deductions already paid?
Regards,
From India, Chandigarh
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Hi Check with your HR and you mentioned that you CTC is below 2L, Which never comes under Income tax slap...
From India, Madras
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From India, Madras
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Your salary, as you mentioned, is ₹13,350/-. In such a case, TDS will not be deducted because your salary per annum is ₹1,60,200/-, whereas TDS up to ₹2,00,000/- is nil for the Financial Year 2012-2013 and ₹1,80,000/- for the Previous Year 2011-2012.
Regards,
Umashankar
Bangalore
From India, Bangalore
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Regards,
Umashankar
Bangalore
From India, Bangalore
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Dear Gentlemen,
You have mentioned CTC is 1.8 lacs. If you are a salaried employee, then TDS is not applicable. If you have been appointed as a consultant, then TDS will be applicable. Kindly verify your appointment letter.
Regards,
Ravi.
From India, Mumbai
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You have mentioned CTC is 1.8 lacs. If you are a salaried employee, then TDS is not applicable. If you have been appointed as a consultant, then TDS will be applicable. Kindly verify your appointment letter.
Regards,
Ravi.
From India, Mumbai
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Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
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