Dear all ,
I have joined a Firm for Marketing and administration .They have kept me on Retainership and offered me a payment of 52000 as retainership.Last month I have received 52000 retainership as 'claim' with a deduction of 5200 as TDS and another 1800 towards EPF contribution.I dont have any kind of savings for Tax savings and no other source of income also.
Now what I have to do avoid TDS at sorce and also what expenses I can claim to Income tax refund as I donot have Tax saving like house loan LIC etc.I stay in rented house paying 10,000 rent.
Can I get help please?
Thank you
Shashi Kumar
CAclubindia
