How to Get a Refund for TDS: A Step-by-Step Guide
Learn how to reclaim your TDS payments through your Income Tax Return with our simple steps.
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To get your money back from TDS (Tax Deducted at Source), file your Income Tax Return (ITR). Ensure you have all TDS certificates (like Form 16) and note the TDS amounts. Declare the income and claim the TDS in your ITR. If excess TDS is deducted, the amount will be refunded after processing.
FAQs & Answers
- What is TDS? TDS stands for Tax Deducted at Source, a means of collecting income tax in India where a certain percentage is deducted from payments such as salaries, interest, or contractual payments.
- How do I file my Income Tax Return (ITR) to claim TDS? To file your ITR, gather all necessary documents including TDS certificates, declare your income alongside the TDS amount, and submit your return through the income tax department's online portal or through a tax professional.
- What is Form 16? Form 16 is a certificate issued by your employer that specifies the amount of TDS deducted from your salary and the details for the financial year, which is essential for filling your income tax return.
- What should I do if my TDS refund is delayed? If your TDS refund is delayed, you can check its status on the income tax department's website, and if there are issues, consider contacting their customer service for clarification.