Tds
This query is : Resolved
12 August 2013
Dear Sir,
I am working in one of the reputed company. my earning from job is 5 Lack and I am doing parttime business also. I have distributer ship of it.I am getting commission from that.which is approx 60,000 to 1,00,000 per annum.TDS and tas are already deducted from commission. can i get back the TDS amount.after year.
Awaiting your reply.
Regards
Maulik
I am working in one of the reputed company. my earning from job is 5 Lack and I am doing parttime business also. I have distributer ship of it.I am getting commission from that.which is approx 60,000 to 1,00,000 per annum.TDS and tas are already deducted from commission. can i get back the TDS amount.after year.
Awaiting your reply.
Regards
Maulik
12 August 2013
If your Total tax liability is less than the amount of TDS deducted from you only then you can get refund of TDS amount.
Since your Salary income is 5 lacs you fall in 20% Tax Bracket and rate of TDS on Commission is 10% so its very unlikely that there will be any refund.
Since your Salary income is 5 lacs you fall in 20% Tax Bracket and rate of TDS on Commission is 10% so its very unlikely that there will be any refund.
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