in Finance, Income Tax, India

Check TDS deduction, income tax refund Online

Just out of curiosity and to learn more, for past few years, I have been calculating tax, making whatever extra payment other than TDS online, filling return forms and submitting tax return myself. I am always excited to try new ways government implements.

I registered myself 3 years back to view tax credits paid by my employer as TDS. You can also register here : Check you tax credits. You can also download Form 26 AS here and see how much tax has been deposited on your name from your employer or any other firm.

You can view it to verify if the tax payments made by you or TDS deducted from salary or interest etc are correctly reported to the income tax department. You can also check income tax refund from previous year in the same form.

Now the same can also be checked from View Tax credit statement (Form 26 AS) section under  “My Account” menu in Income tax e-filing website after login.

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209 Comments

  1. sir,
    our land is under aquasition on nh1 by soma developers.in liu of that we received cheque of 250000 after deducting tds 62500.now i have gone number of times to department from where i receive cheque but they are not able to tell me from which site i can take my 16 a form.pls help me in my case.

    • @Varun
      If they have deducted TDS, they must provide you Form-16A.
      And also, I am not able to understand why TDS was deducted in first place, its like selling your land. On selling land, TDS is deductible, but income tax is payable only in capital gains.

  2. I can see some details under in my form16
    b)Value of perquisites u/s 17(2) (as per Form No.12BA,wherever applicable)
    c)Profits in lieu of salary under section 17(3) (as per Form No.12BA, wherever applicable)

    Because of such above values I paid a lot of tax in my current oraganisation.

    I have never got above income and never paid tax against that income…
    what I can fill in ITR1 against those values.

    Please suggest.

    Thanks in advance,
    Arti

    • @Arti
      Value of perquisites u/s 17(2): This is the amount paid towards rent free accommodation provided by employer or concession of rent for accommodation provided to employee, company provided car or any other fringe benefit provided to employee by employer, other than salary.
      Profits in lieu of salary under 17(3): The amount of any compensation due to or received by an employer from his employer in connection with the termination of his employment.

      Please check form 12BA at the end of your form-16, which should have these figures mentioned.
      These figures cannot be provided in income tax return form as already declared by employer as taxable.

  3. Do I need to pay penalties as calculated by ITR1 because I am delayed in paying TDS by Two months ?

    • @Arti
      It depends on various factors.
      Under section 234B, you will have to pay interest if your advance tax is not paid quarterly. (30% till Sept 15, 60% till Dec 15 and 100% by March 15). 1% per month is chargeable on amount less deposited. But if total tax payable is less than 10,000 then there is no advance tax liability.
      Under section 234C, you will have to pay interest @ 1% per month, if full tax amount is not paid by 31st March.

  4. my salary is 19,500 Per month. How much money i need to pay as tax for one month.i m working with a call center.

  5. Dear Sir
    I am working with a MNC as a software engg.my current salary is 35000 in hand company has deducted 4000 as a TDS now tel me that what to do about ITR filing I don’t have any investment like LIC, FDR, PPF . i don’t want to file ITR Bcoz Tax come out more payable …..

    • @Keshav
      As your income is above non-taxable range, you must file income tax return.
      In case you total income in year is less than five lacs, you worked for a single employer during the year, company has already deducted TDS and there is no income tax pending, then you can skip income tax return.
      But else, you should pay pending income tax, clear liability and file return.

  6. Hi Pankaj – Hi – I will be leaving my job on Aug 31, 2011 to pursue further studies. As such, I will not have any income in the course of current finacial year other than the salary received from my employer till August. I have already submitted my resignation a week back.

    I would like to know if my tax deduction during the month of July and August will continue to be based on the the total projected salary income for the financial year or will my tax for these two months be adjusted based on the slab applicable to the salary income accrued between April and August of this fiscal year? Is there a standard guideline regarding this or does it vary from employer to employer?

    Thanks

    • @Avinash
      It varies from employer to employer. But you can request your employer to deduct tax by considering till date salary as total year salary as you are not going to work in remaining financial year.

  7. Hi Pankaj,
    I want to know how to fillup IT return online for two Form 16. Please provide me details step.

    • @Kisholoy
      Check for figures under section “Income chargeable under the head salaries” in form-16 and add those for total taxable salary.

  8. I gave my property on rent in july 2010, the company is not providing me the TDS certificate, how can I check whether they have deposited the TDS or not?
    regards
    Sachin

  9. compensation received against land 327000 tds deducted 36000 can i get refund/what deductions &exemption available

    • @Mahesh
      What sort of compensation is received against land. Is it sale of land.
      In case yes, you will have to pay tax as per capital gains.
      To get refund, you will need to file income tax return.

      • compensation is received from Land Aquisition officer,Land is being used by them for Irrigation purpose,How much deduction I can make on TDS return,I have also earned LIC commission of Rs.121068/TDS Deducted Rs.12000/- on which I have shown deduction of Rs.10,000 u/s-57 is it correct.Total TDS deducted is now Rs.48000 how much refund I will get

        • @Mahesh
          Compensation received by land acquisition officer will be considered as land sale income and capital gains rule will apply here.
          As you have other sources of income too, Its a complex case and I would advise you to consult a tax professional or CA for tax filing.

          • Dear Pankaj,

            Pls guide me how much deduction can be shown on IT return against compensation recived from land aquisiotion officer under compulsory aquisition for irrigation purpose rs.327370 Tds deducted 36375,I have no details of purchase with me it was a family land

            • @Mahesh
              It will be treated as long term gain if land has been kept for more than three years.

              Below computation will be used to compute capital gains and income tax:
              Purchase Year = A, Purchase Cost = P, Cost Inflation Index (CII) for purchase year = X
              Sale Year = B, Selling price = Q, CII for sale year = Y

              Indexed Purchase price = P x (Y/X) = R
              Long term capital gain = Q – R = S
              Income tax on capital gain = S x 20%

              If you don’t have details of purchase, fair market value as in April, 1981 has to be taken as purchase price and purchase year as 1981-82.

              Full deduction on this tax can be availed, if another residential property is purchased with amount more than compensation received. this is as per section 54F.
              Also if this amount is invested in capital gain bonds, then also income tax can be saved u/s 54EC.

              • Thanks,I want to know what %age of FMV should be taken on sale value & also Just want to know whether we need to calculate tax on capital gain on both normal as well as on special rates,as capital gain is also added in total income & we calculate tax on total income at normal rates,which means tax is also calculated at normal rate on capital gains too.pls guide

                • @Mahesh
                  You will have to consider FMV as on April, 1981 to compute long term capital gains.
                  Income tax on long term capital gain is 20% with indexation benefit. It will be computed at this special rate and won’t be taxed as per normal slab rates.

  10. I GOT FORM 16A FROM MY COMPANY. MY COMPANY ALREADY DEDUCTED TDS ON SALARY BY PER MONTH ON MY WHOLE PACKAGE. NOW WHAT SHOULD I DO REFUND THAT DEDUCTED AMOUNT..? PL TELL ME HOW TO MAKE FILE ONLINE ?.

  11. Sir i want to know(online) the amount of tds deducted by my employer…can u help me…

  12. Sir I want to know(online) the amount of tds deducted by LIC of India against PAN No.AWNPS2707H in 2010-11. can u help me…

  13. as TDS is deducted by my company but they don’t gave FORM-16A …now tell me is there any procedure to download FORM-16A ?

    • @Nitish
      Form-16 cannot be downloaded from income tax website. It has to be issued by your company/employer.
      Whoever deducts TDS, is legally bound to issue form-16/form-16A, is he fails to do so, you can complain about same in nearest income tax office.

  14. My total gross salary 233855 from aprill 2010 to march 2011. I have two LIC policy of amount Rs.19300. I want to know my tax amount.

  15. can i download the form 16a duplicate copy for the year 2009-2010?

  16. Dear Pankaj,
    I am an NRI and hold a fixed deposit in SBI (under NRO account). The guys keep deducting TDS on the interest which I earn on the FD amount. Since I have LIC pilicies etc. is it possible to apply for tax refund now? or is it too late since the interest is already deducted.

    • @Manish
      You can file income tax return and ask for tax refund in it. But it has to be done by 31st July for the financial year ended on 31st March same year.

  17. My boss deposite my TDS and now not giving my form 16. So how i can know my “HRA, and other banefits”, because i need to submit my return of current year.

    Please help me asap.

    • @Sanjay
      Your employer cannot deny issuing form-16 if TDS has been deducted from your salary. You can complaint to local income tax officer regarding same.
      Moreover, Your HRA and other components must have been shown in your monthly salary slip as well as on your package structure in offer letter.
      You may compute income tax yourself and file income tax return.

  18. Hi
    I’ve changed to another company.In Previous company has deduted the tax and filed to IT Dept.In Previous Company i’ve specified the tax declaration n based on that they deducted the tax for 2 months.now from 3rd month onwards am in new company n again specified the tax declaration in order to avoid huge tax deduction.now do i need to submit the IT proofs for what i declared in previous company and to current company.If yes then i will be having only one original proof of the prrofs to which i have to submit.please tell me what to do now

    • @Prem
      You should not get tax benefit for same investments/insurances with multiple employers. Total year 80-C benefit cannot exceed 1 lakh.
      At the end of year, it will be your responsibility to add all incomes, compute income tax and pay extra taxes (if any)

  19. Hi Pankaj,

    I leased my flat in Gurgaon to a corporate who have deducted TDS for yr 2008-09 and gave me a Form 16A. This Form 16A says 4th qrt statement was not filed. Also, the details do not reflect on NSDL website till date. I am unable to claim my refund (almost Rs. 30,000). The part is not responding saying they have filed everything but are helpless if NSDL does not update the account. Please advise way forward

    • @Subrato
      If corporate has issued signed form-16A which states TDS has been deposited, they are bound legally to deposit same to IT department.
      I would request you to meet income tax assessing officer, show him form-16A and give a written request for issue of income tax refund.

      • Pankaj, Thanks for your reply. The Problem is this Form 16A is old version 2008-09. It does not reflect name of the details of IT officer or Office in Delhi where NLDK have paid the TDS. If you send me your email ID, I can send you a copy. Also, I am based overseas and my CA is in Ahmedabad where I file for my Tax refunds. Please advise if someone can do this job in Delhi for me. Meanwhile no cooperation at all from the TDS deducting party – NLDK Timbers ..

        • @Subrato
          There is no need to know where NLDK has paid the taxes.
          You need to contact your assessing officer as he is responsible for issuing your refunds after assessing your income tax returns.
          You can check your income tax ward/circle and ask your CA to meet assessing officer with your case.

  20. I am working with a call center and my annual salary: 150000. How can I know my TDS/income tax deduction.

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