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?
Mr. X is salaried emplyed having following income
Salary Rs.290000.00
Income from other sources Rs.98000.00 (Bank Interest/FD Interest)
Investment under Sec. 80-C & 80-D Rs.98500.00
My question is:
(i) While calculating tds on salary other income must be including?
(ii) Amount of Tds on salary
Please reply us on urgent
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