12 February 2020
Hi, I was forced to move out from the company Tech Mahindra due to lack of project recently and had to accept a lump sum amount approximately for 3 months salary. In this amount the company has deducted an unbelievable amount of TDS around Rs 31000 out of my lump sum amount Rs160000/-. My package is 6.5 lacs per annum. Could any one please help me to understand this calculation of TDS deduction and is there any way to get this amount back to my account.
12 February 2020
tds should be deducted on the basis of slab rate pplicable for the f.y. however if tds excess deducted you can claim refund by filling of income tax return. also demand form 16 from your employer. and check your 26AS
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