Comment posted on Income Tax Calculator for 2011-2012 by Pravin.
Hi..I have been getting a professional fee of 37500 from my company since i was not on the payroll. Every month a TDS of 3750 was deducted from my salary. So in all almost INR 39000 was deducted from May 2011 to March 2012. Now i want to file ITR & want to claim refund of excess TDS. I have two queries:
1. Can I claim for house rent deduction from taxable income? If yes how much
2. How can i claim for refund.
Thanks in advance.