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Tds

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(Querist)
16 April 2017 Hi ,Am working as a consultant not as a employee in a proprietary firm I get 3,00,000/- per annum .my employee deducts 2500 per month as TDS . Do I need to pay IT or can I claim all the TDS deducted amount.How much IT to be paid .
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
17 April 2017 If you don't have any other income than you don't have to pay any tax and you have to claim entire TDS as refund because Rs.2,50,000/- is basic exemption limit plus Rs.50,000/- u/s 87A as your Gross total Income does not exceed Rs.5,00,000/- Note:The above slab is given for P.Y. 16-17, A.Y. 17-18
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CA Sanjeev Kr Jain

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CA Sanjeev Kr Jain (Expert)
17 April 2017 being consultant you are getting 300000 thus hire a tax consultant and pay him at least 5000/- and get rid of worries
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