Tax deduction at source

This query is : Resolved

Saroj Rana (Querist)
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04 January 2008 Respected Seniors,

Please give me some details about TDS/TCS
1.If employer deduct the TDS from my salary,can I claim against that

CA. Aryendra

CA. Aryendra (Expert)
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04 January 2008 There is no legal right in Act for wrong / Excess deduction of TDS by the company on your salary, in the Act.

You can claim in your Income Tax return.

Saroj Rana

Saroj Rana (Querist)
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07 January 2008 How can I claim

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Late CA Sampat Jain

Late CA Sampat Jain (Expert)
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07 January 2008 By fiing your income tax return , you can clain refund of excess TDS if any

Saroj Rana

Saroj Rana (Querist)
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15 January 2008 thanks

CA. Amit Daga

CA. Amit Daga (Expert)
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17 March 2008 and that refund you will get from the govt not from the company

Chintan Gajjar

Chintan Gajjar (Expert)
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17 March 2008 If your emplyer has deducted TDS then TDS is your asset. At the time of filling your return, you have to pay less Income Tax by that amount of TDS and If your tax liabiliy is less than your TDS then you can claim refund from the I.T.D. As an example your employer has deducted TDS of Rs.2000 and your tax liability comes to Rs.2500 then you have to pay only Rs.500 (2500-2000) as an income tax but if your tax liability is Rs.1200 which is less than TDS then you can claim refund of Rs.800 (2000-1200). I hope your querry may be resolved.