TDS Refund
This query is : Resolved
08 July 2009
I am a senior citizen(+60 yrs). After my retirement from a PSU, I have deposited some amount in a Public Sector Bank(BOB), which will fetch Rs 1,80,000/- interest per year and payment will be made quarterly.
1)As per the 2009-2010 budget, how much amount I have to pay as IT. I have no deposits under any IT debate category.
2)1st quarterly FD interest, in this financial year, is made on 29th June 2009 deducting about Rs.4000/- as TDS.
3)If the TDS amount is higher than my actual income tax for the whole year, how could I get back the amount in my S/B account, without any hassle, as due to my health problem, my movement is well restricted by Doctor.
Thanks.
1)As per the 2009-2010 budget, how much amount I have to pay as IT. I have no deposits under any IT debate category.
2)1st quarterly FD interest, in this financial year, is made on 29th June 2009 deducting about Rs.4000/- as TDS.
3)If the TDS amount is higher than my actual income tax for the whole year, how could I get back the amount in my S/B account, without any hassle, as due to my health problem, my movement is well restricted by Doctor.
Thanks.
08 July 2009
1. Income tax will be calculated as per your total income as you have not given the details of your total income. Only interest income is given.
For Income tax purpose Senior Citizen is 65 year and above not 60 sixty years.
If you are below 65 years then there will be no tax on the income upto 160,000.
AND if you are 65 years and above then there will be no tax upto income of 240,000.
For Income tax purpose Senior Citizen is 65 year and above not 60 sixty years.
If you are below 65 years then there will be no tax on the income upto 160,000.
AND if you are 65 years and above then there will be no tax upto income of 240,000.
08 July 2009
2. They are deducting TDS @ 10.30%
08 July 2009
3. to get your refund in your bank account you need to mention your bank account, MICR code and yes for ECS transfer in your income tax return.
08 July 2009
If you need my help to prepare ITR for any year you can email me on ca.tilakrajsharma@yahoo.com. I am a practising Chartered Accountant.
08 July 2009
Mr Tilak is correct
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
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- TDS related Query_Liquidated Damages
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
