My annual income is aprox 2,00,000. I have a FD of 2,00,000 and the aprox interest is Rs. 13,279. Bank has deducted TDS Rs. 1,328.
now what should I do, as my income is below tax slabs and not taxable.
5 Replies
VENU R Prabhu
(311 Points)
Replied 20 July 2018
you should file income tax return and claim tds before 31st july
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 20 July 2018
Yes... You can file Your ITR and Claim refund for the TDS amount.
S S Dahale
( Agri and business)
(439 Points)
Replied 20 July 2018
File a ITR returns,(better is ITR4) calculate IT tax to be paid (which may =0) as per your say, fill values TDS deducted, so that compute tax amount as refund , give your bank details, it will be refunded so
Gauri Shanker Lal Srivastav
(218 Points)
Replied 20 July 2018
If your income is non taxable and below limit you should submit form 15 G to your bank.tds will not be deducted but if it has been deducted you will have to file your return and claim refund for the tds amount.
Ranganath
(M.Com)
(22 Points)
Replied 20 July 2018
You have to file income tax return and claim tds before 31st july.
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