Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 January 2012 I am a company and a employee total salary during the year 65 lakhs and tds deducted on 73 laks in form 16 tds certificate, what are the implication on the hand of company regarding excess tds paid ? plz suggest ?

If he files revise return in next year then excess tds paid is refunded or not from the tds department or any other suggestion .Plz suggest ?

suggest on the hand of company.

Thanks

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

23 January 2012 you need to revise the TDS return and apply for the refund.

Querist : Anonymous

Querist : Anonymous (Querist)

25 January 2012 what is the procedure for applying the refund ?
Thanks

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
Follow

27 July 2025 Here’s what you can do regarding the excess TDS deducted and reflected in Form 16:

### For the Company (Deductor):

1. **Revise the TDS Return (Form 24Q):**

* The company should file a **revised TDS return** for the relevant financial year correcting the TDS figures.
* Revised returns can be filed before the end of the relevant assessment year or before the completion of the assessment.

2. **Adjustments in Subsequent Returns:**

* If the excess TDS is identified later, the company can adjust this excess against future TDS payments for the same deductee, if applicable.

3. **Refund Application:**

* The company **cannot directly claim a refund of TDS** deducted on behalf of the employee from the Income Tax Department.
* The refund of excess TDS is claimed by the employee while filing their **Income Tax Return (ITR)**.

---

### For the Employee (Deductee):

* The employee will file their **Income Tax Return** for the relevant assessment year.
* The excess TDS deducted (reflected in Form 16) will be shown while filing the return, and the **refund will be processed by the Income Tax Department** after verification.

---

### Summary:

| Action | Responsibility | Remarks |
| ----------------- | -------------- | ------------------------------------------------------------- |
| Revise TDS return | Company | To correct the TDS figures with the department |
| Refund claim | Employee | Employee files ITR and claims refund of excess TDS |
| Adjust excess TDS | Company | Can adjust excess TDS against future deposits (if applicable) |

---

### Procedure to Revise TDS Return:

1. Log in to the TDS e-filing portal.
2. Select the relevant financial year and quarter.
3. Upload revised Form 24Q with correct TDS details.
4. Verify and submit.

---

If you want, I can guide you step-by-step on how to revise the TDS return or help draft a communication for this. Would you like that?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok