Gross Salary+TDS

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2010 Gross Salary for a Female employee is 150000PA may i know how the tax shall be calculated. As per the new tax slab upto 190000 TDS is NIL for women.

Pls advice and clarify this doubt.

Many Thanks in advance.

CA Sanat Pyne

CA Sanat Pyne (Expert)
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15 June 2010 your income is below the taxable limit. So no tax will be levid.

Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2010 But my employer is deducting Rs.1701 towards TDS. Any possibility to claim for the full amount.

Could any one on this forum advice.Pls note its a Partnership Firm

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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15 June 2010 Agree with Mr. Pyne, your income is below taxable limit and hence no TDS should have been deducted from your salary u/s 192(b).
If the amount has already been deducted and paid to government account the you are advised to obtain the TDS certificate and file your I.T.Return.
Since you dont have any tax liabilty the amount of TDS will be refunded to you

CA Sanat Pyne

CA Sanat Pyne (Expert)
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15 June 2010 Yes you can claim the full amount by filing nil return.But how a partnership farmdeduct tds when your income is below the taxable limit?

Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2010 One more question by when do i have to file this return, and in which form. Pls guide me throught this process.

CA Sanat Pyne

CA Sanat Pyne (Expert)
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15 June 2010 If you have only salary income and interest , then form will be ITR-1 (SARAL - 2).
If you have above income and and hold a house property. then ITR-2.

Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2010 Thank you when do i need to File this Return.

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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15 June 2010 You can file regular return for AY 2010-11 u/s 139(2) till 31.07.2010 and belated return u/s 139(4) by 31.03.2011 in both cases you are eligible for refund.

Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2010 Thank you

Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2010 I sincerely thank all those who have clarified my doubts and answered the queries.