Doubt - help needed!!!

460 views 2 replies

deepak

Intern

44 Points Joined August 2013

Below is the scenario for my IT filing for A.Y 2012 - 2013 I am working in a company and for the assessment year 2012 to 2013, I have filed my IT returns through an online application( third party application). As per my salary, actual tax that I need to pay is RS.26810 but it was submitted wrongly as RS.27842(by third party application) and was calculated that Rs.1030(Rs.27842 - Rs.26810) needs to be pay more as tax. Recently I have received mail from Tax department stating that I need to pay some taxes. Below are the details mentioned in that attachment i received along with the mail. TaX on total income - Rs:26812 (including educational taxes) TDS recoverd - Rs.26166 Tax needs to be paid - Rs.646 ( Rs.26812 - Rs.26166). Please help me how to correct the above issue. As per my FORM 16, Rs.26810 has been obtained as TDS from my account but letter from TAX deparment mentioned that Rs.26166 only has been recovered as TDS. Do I need to submit online rectification for this issue? If so under which rectification I need to submit it (like "taxpayer correcting data for tax credit mismatch only") .

Regards,

Deepak

Replies (2)

Mayank Mall

CA-Final

316 Points Joined July 2011

I May Not be an expert in the issue, But you should verify the TDS paid by your employer via the Tax Credit - Form 26AS option on income tax efilling page, after logging in with your account. if any problem then submit a revised return (this time do it using the online account itself, its easy and simple) or else you can also submit the revised return using the details from your form 16, but check the details with your employer once or it might get him into trouble.

Apart from that, the tax computation as what i understood from your query is that it is ultimately correct and only the issue with the TDS is concerned.

I may have got it wrong so ignore me if i am out of the line.

deepak

Intern

44 Points Joined August 2013

Thank Mayank... you are right.. There is a difference in amount paid shown in FORM 16 and FORM 26AS. It shows that my employer deduced Rs.26810 (form 16) but TDS obtained is Rs.26166 (form 26AS). Am planning to check with my employer what needs to be done for this issue.

Regards,

Deepak