Suggesta way to prevent anymoe tax from being collected inmy

This query is : Resolved

Dr.Jyothish Vijay (Querist)
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13 January 2016 I am a doctor working at a medical college for the past 6 months now (appointed ona contract basis for a period of 1 year asper the appointment letter). The consolidated pay being Rs.50000/- per month. Just now Ihave realised that my pay is actually being given as "professional fees". That is a different issue all together that a doctor appointed in amedical college needs to be given "salary" rather than "professional fees" as per MCI norms. But I guess, lets just look past that issue, because as far as Income Tax department is concerned, salary/professional fees differences do not matter as long as you pay tax.

Now for this financial year i would recieve only Rs.400000/- in total as ""professional fees"....because i started working only from August 2015 and i have not been employedanywhereelse before this in this financial year.

I don't know what is the tax emeption limitfor this year-whether its Rs.2 lakhor 2.5lakhs. I am a male and is not a senior citizen.

But whatever be the limit, my tax would come to RS.2000O or Rs.15000/- only (depending on the exemptionlimit). If you include my LIC policies,healt hinsurances and other policies, the total savings would come to about Rs.90000/-. Which means for this finacialyear, I need to pay only Rs.6000-Rs11000 (depending upon the tax exemption limit to which i am applicable).

As of now,my office is cutting Rs.5000/- everymonth from my salary as TDS.....ie @ 10% rate according to section 194J of the Income tax rules (i hope thats the relevant section).

I understand that I could get a refund from the IT department later on. BUT WHAT IAMINTERESTED TO KNOW is whether there is method (or income tax rules) which I could quote to stop anymore TDSfrom being collected..

Not to mentione the fact that they have alreadycollceted RS.25000/- as TDS....which is verymuch above the total tax to which I am due.

Please help !!!

Guest

Guest (Expert)

14 January 2016 Dear Sir, in your case, you cannot avoid tax deduction. However you can make an application to Incometax asking him to give a lower deduction certificate if your tax is less than the amount collected in financial year. If you give that certificate, your medical college can deduct tax at lower rate - but I repeat, you cannot avoid total tax .deduction