Paying of income tax

Invest funds in specified instruments under sec 80C / pay insurence u/s 80D and submit the records to office of your dad to claim exemption from total taxable income, they will mention it in form 16 and calculate accordingly.

Sir 

       What the Form 16 is for tds i think. Sir When should i submit documents.

Originally posted by : saivarma
	Sir         What the Form 16 is for tds i think. Sir When should i submit documents.

form 16 is salary certificate cum tax calculation , u have to submit the documets as soon as possible, as the TDS deduction is going on, and once deducted it cant be refunded, once you submit the documents, they will re-calculate the tax eligibility and will reflect the deductions from forthcoming month.

excess payments towards TDS will get refunded by ITO, provided u have to submit return and claim refund.

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