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janaki raman   04 August 2021

Tax Deducted on Settlement

Sir, i am salaried person, my company has been closed permanently. I have been deducted income-tax by the employer on settlement. Is that tax deducted can be refundable? if yes, could you please explain?


 3 Replies

Sourav

Sourav (Student)     04 August 2021

Yes TDS can be claimed while filing ITR
janaki raman

janaki raman   04 August 2021

Could i use itr1 ?
CMA Poornima Madhava

CMA Poornima Madhava (CMA)     04 August 2021

Tax deducted/paid in excess would be refunded on filling of ITR. You may use ITR 1 provided you don't have any capital gain or business income.

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