Tax deduction from salary
This query is : Resolved
Pratik Sarker
(Querist)
06 April 2016
Insurance premium paid for Rs. 12,000/- but the same has not been shown in u/s 80c and income tax deducted from my Salary income for fy 2015-16.
kindly advice the refund process.
CA PRAVEEN SISODIA
(Expert)
07 April 2016
If income tax deducted from salary income for not declaring the premium,still you can claim the refund by filing the income tax return and showing the insurance premium amount in sec 80 c and accordingly compute the refund amount.
Murtaza I Bhagat
(Expert)
07 April 2016
See, There are two option to claim your deduction as a salary employee.
1. Give declaration to the company whenever asked by the company and give them photocopy as proof when they asked for the submission....!!!
2. Excess or Less deduction will be payable or refundable at the time of ITR filling...!!!
1. Give declaration to the company whenever asked by the company and give them photocopy as proof when they asked for the submission....!!!
2. Excess or Less deduction will be payable or refundable at the time of ITR filling...!!!
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Under marginal scheme
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- Import of Software Service.
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Oct 2025 Invoices
- TAX AUDIT ON PROFESSIONAL INCOME
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
