How Much TDS Will Be Refunded? Understanding Your Tax Refund
Discover how your total taxable income affects TDS refunds and learn how to claim yours effectively.
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TDS refund depends on your total taxable income and the amount of TDS deducted. File your Income Tax Return (ITR) to claim the refund. The exact amount will be calculated by the tax department based on your filings.
FAQs & Answers
- What is TDS? TDS stands for Tax Deducted at Source. It is a direct tax collected by the government from individuals and companies on income earned at the source itself.
- How can I check my TDS amount? You can check your TDS amount by accessing your Form 26AS through the Income Tax Department's website, which provides details of the TDS deducted from your income.
- How do I file my Income Tax Return for TDS refunds? To file for a TDS refund, submit your Income Tax Return (ITR) online through the Income Tax Department's e-filing portal, making sure to include all the necessary details regarding your TDS deductions.
- How long does it take to get a TDS refund? The time it takes to receive a TDS refund can vary but generally takes about 30 to 45 days after your ITR has been processed by the tax department.