Our Income Tax Payees \u2013The Salaried in particular have\na doubt as to why they should file their returns when tax is already deducted\nin their Salary. We want our salaried\nfriends to be made aware as to why tax returns are filed. In this context, we would like to clarify\nthat TDS deduction and Income Tax Return filing are both different. TDS is what is deducted from the salary based\non the employee declaration of investment and proof provided, further there may\nbe taxes on their additional income like interest, rent, professional income of\nany nature or there may be a rebate available under the Income Tax Act which\nwas not considered by the employer due to delay in producing requisite\ndocuments. The above results in either\nfurther payment of Tax or excess tax being paid.<\/p>\n\n\n\n
Accordingly, either tax has to be paid or refund has\nto be claimed as the case may be, as per eligibility criteria. For this reason, the salaried employee has to\nfile income tax return with relevant proof and claim TDS refund or pay tax as\napplicable.<\/p>\n\n\n\n
Here, we would like to highlight the fact that more than 80% of TDS remains as unclaimed with Income Tax, Govt of India as the taxpayers are not filing their required returns. \u00a0They are not aware it is their right to claim the tax refund.\u00a0 Therefore, Dear Salaried Taxpayers Stay alert, Plan your Taxes, File your Returns on time, Have your Refund credited to your Bank Account.\u00a0 It is your Right.<\/p>\n\n\n\n
\n\nShare & Review us at: Our Income Tax Payees \u2013The Salaried in particular have a doubt as to why they should file their returns when tax is already deducted in their Salary. We want our salaried friends to be made aware as to why tax returns are filed. In this context, we would like to clarify that TDS deduction and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-320","post","type-post","status-publish","format-standard","hentry","category-accounts"],"_links":{"self":[{"href":"https:\/\/total-sols.com\/blog\/wp-json\/wp\/v2\/posts\/320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/total-sols.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/total-sols.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/total-sols.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/total-sols.com\/blog\/wp-json\/wp\/v2\/comments?post=320"}],"version-history":[{"count":1,"href":"https:\/\/total-sols.com\/blog\/wp-json\/wp\/v2\/posts\/320\/revisions"}],"predecessor-version":[{"id":321,"href":"https:\/\/total-sols.com\/blog\/wp-json\/wp\/v2\/posts\/320\/revisions\/321"}],"wp:attachment":[{"href":"https:\/\/total-sols.com\/blog\/wp-json\/wp\/v2\/media?parent=320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/total-sols.com\/blog\/wp-json\/wp\/v2\/categories?post=320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/total-sols.com\/blog\/wp-json\/wp\/v2\/tags?post=320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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