tds exemption certificate

SIVASIVA (FCA, Future CA) (4935 Points)

14 June 2010  

when if a person (individual) gets no income more than the taxable limit. shall she can get a TDS exemption certificate.

for example  Mrs.A, get a consultancy income of say Rs.45000 p.a from M/s.Assurance ltd. And apart from that gets a pension of Rs.120000 p.a.

how can she get the TDS exemption certificate, what are the formalities and procedures to get TDS Exemption certificate.

This is because if she does not produce the TDS exemption certificate to M/s.Assurance Ltd , they will deduct TDS of Rs.4500.