Claim for tds a.y 2014-15

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janki parmar (Querist)
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18 July 2014 Actually my father was retired on 21st oct,2013. he was an employee of reliance industries limited from 01 april,1979.he serve 35 years and he was put VRS on Above date 21st oct,2013. as per form no 16: gross salary is 690491/- less allownce u/s 10 15716/- less tax on employment 980/- so gross total income is 673795/- now they deduct employee PF u/s 80c 9712/- now total income is 667080/-and then company deduct tax on total income is 63416/- and cess 2+1 is 1902/- total tax payable 65318/- u/s 192(1).
is my father have to pay this tds ?? whether he is VRS person even though compny used word of RESIGN . can i get back or claim for this amount of Rs.65320/- in a.y 2014-15 income tax return filling ?? if yes , then how and if no the why ?? please help me as soon as possible.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 July 2014 Your father has to pay this TDS. You can not get back or claim this by filing return as the company used the word resign. Only exemption can be claimed on VRS compensation.

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