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TDS DEDUCTION AND HOW TO CLIAM IT ?

TDS 276 views 4 replies

MR. A IS ACTING AS AGENT FOR HEALTH CARD COMPANY ..HE IS GETTING COMMISSION  + INCENTIVE  FOR HIS WORK ...INCENTIVE IS FOR NO OF PERSON ALLOTED IN A CARD PER HEAD 35 RS EX 4 MEMBER MEANS 35*4 =140 RS ...HE ALLOTED 3180 LIVES MEANS RS 111300 INCENTIVE + 94260 COMMISION TOTAL RS 205560 RS HE IS GETTING DURING THIS YEAR...HOW MUCH TDS IS DEDUCTED ? FOR TOTAL RS 205560 ..HE IS AN INDIVIAL SALARIED PERSON WHOS INCOME IS 1.5 LAKH P.A??? MY QUESTION IS TOTAL AMOUNT HE IS GETTING AFTER TDS AND HOW HE SHOULD CLIAM TDS REFUND AND WHEN HE WILL GET THAT REFUND..TRANCTION TOOK PLACE BETWEEN JULY 2020 TO NOV 2020...PLEASE ANSWER ME WITH THE CALCULATION??????

Replies (4)
Refund will be processed after filling income Tax return. As you said that all these transaction occurred between july 2020 to Nov2020 so he will get refund in next year when he will file his income tax return for the f.y. 2020-21.

Thank you...What about the TDs calcution??

You Can See Section 194H
TDS calculation:
commission×3.75%


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