Tds
This query is : Resolved
16 April 2017
Hi ,Am working as a consultant not as a employee in a proprietary firm I get 3,00,000/- per annum .my employee deducts 2500 per month as TDS . Do I need to pay IT or can I claim all the TDS deducted amount.How much IT to be paid .
17 April 2017
If you don't have any other income than you don't have to pay any tax and you have to claim entire TDS as refund because Rs.2,50,000/- is basic exemption limit plus Rs.50,000/- u/s 87A as your Gross total Income does not exceed Rs.5,00,000/-
Note:The above slab is given for P.Y. 16-17, A.Y. 17-18
Message likes :
1 times
17 April 2017
being consultant you are getting 300000 thus hire a tax consultant and pay him at least 5000/- and get rid of worries
Message likes :
2 times
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
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- Gst on travel by air for business purposes
- Rent claimed on building given on permissive possession basis
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- NRI INSURANCE ADVISOR
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Error in uploading Form 10BD
- Missed TDS
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
