Filing of income tax for fy 2011-12

This query is : Resolved

SURAJ VISHWAKARMA (Querist)
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16 October 2012 I am filing an income tax returns (Salaries) for a woman(a government employee) whose annual salary is Rs.401422 & she has gained bank interest Rs.2244. she has investment of Rs.120000/- & has TDS Cert of Rs.9416/-. Now as per computation, tax of Rs.232/- is calculated on her income. I WANT TO KNOW IS THERE WAY THAT SHE CAN SAVE TAX OR GET REFUND.. KINDLY REPLY

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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16 October 2012 Since the tax liability is less than the TDS amount, the assessee is entitled to refund of the excess TDS.

The same can be claimed by filing a return of income in ITR 1.

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