Regarding sec 87/a in tds return

717 views 1 replies

I HAVE FILED MY 4TH QUATER TDS RETURN ON 12/4/2014. IN TDS RETURN I REPORTED MY ONE EMPLOYEES YEARLY TOTAL TAXABLE INCOME RS.460393/- & REPORTED TAX DEDUCTED AS 24760/- BUT TODAY I RECEIVED DEMAND NOTICE AS THEY SAID TDS TO BE DEDUCTED AS RS.24820.48/-.

MY QUESTION IS AS PER INCOME TAX DEPARTMENT 2000/- REBATE U/S 87A HAS TO BE DEDUCTED FROM BASIC TAX WHICH IS 26039/- AND THAN AFTER ON REMAINING RS.24039/- E.C.(2%) & SHEC(1%) CALCULATED SO WE GOT NET TAX PAYABLE AS 24760/-. I ALSO ATTACHED TAX CALCULATION SCREEN SHOT.

IN JUSTIFICATION REPORT THEY SAID SORT DEDUCTION OF RS.60.48/-. HOW ITS POSSIBLE. IN INCOME TAX EFILING PORTAL TA CALCULATOR SHOW ME NET TAX PAYABLE AS RS.24760/- .

THAN HWO CORRECT TDS CPC DEPARTMENT OR INCOME TAX E-FILING PORTAL CALCULATION..

PLEASE SOLVE MY CONFUSION AS SOON AS POSSIBLE..


Attached File : 385633 1309165 tax calculation.zip downloaded: 201 times
Replies (1)

You can send a Justification report reply to CPC TDS or your AO. and corect it accordingly.

No need to pay any additional tax.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details