27 April 2017
MY COMPANY DEDUCTED TDS FROM MY SALARY 485 PER MONTH . BUT WHEN I CALCULATING MY TAX INCOME AFTER CONSIDERING ALL DEDUCTIONS MY TAX PAYABLE IS ZERO.
I HAVE FORM 16 & THE TOTAL FIGURE IS 5820
WHAT SHOULD I DO NOW? CAN I REFUND THIS AMOUNT FROM INCOME TAX DEPARTMENT/ WHAT IS THE PROCEDURE OF THAT? KINDLY HELP ME?
27 April 2017
If your calculations are correct and there is no tax liability you can claim full refund by filing income tax return. But it is better to confirm your tax calculations through a tax consultant.
CAclubindia
