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How to apply for TDS Refund

How to apply for TDS Refund?

TDS is “tax deducted at source”. The organization wherein you are working is the source and it deducts the tax amount from your salary in a particular percentage depending on the amount of tax liability which is again deposited in the Income Tax Department.

At the beginning of financial year the companies circulate the tax proposal forms which are filled by every employee. In this they need to declare what all investments they can make in the particular financial year along with the rent that they will be paying and any other non salaried income that they might earn in that particular financial year.

After receiving the tax proposal form, the company has to see if the investments which the employees are supposed to make and the exemption they would get would is keeping their salary under the tax liability slab or not. If not then the tax is charged on that excess amount which is known as TDS.

Now some times it is found that the organization wherein you are working charges extra in lieu of your tax liability. So that particular amount is claimed from the Income Tax Department after the completion of the assessment year on 31st March. However even if you have nil return then also every year ITR filling is mandatory as per the Income Tax Rule 1961.

Following are the procedures which need to be followed to claim the return:-

1) First you need to take Form 16 from your present and previous organization which is a clear description about the total income, total investments, tax liability and tax deduction for the assessment year.
2) Then you need to visit to the Income Tax Department either online or physically.

3) There you need to fill the Income Tax Refund form as per the documentations provided in Form 16 and also you need to attach the attested copy of the same.
4) Once it is done you get a counter part which is the acknowledgment for the submission of refund form. While claiming the refund this acknowledgment number is very essential.

Comments

Venu Gabbeta (not verified)

Thu, 07/15/2010 - 18:08

i have been submitted my TDS form to Charted accountent on may-14th 2010, how can i check the status of my TDS claim, can u suggest me, when did i get the TDS amount...? Thanks & Regards Venu

muljibhai mavji... (not verified)

Mon, 09/06/2010 - 11:04

dear sir , my tds refunds not recied for the years 2007-2008 ,2008-2009 plase enqiry and ans me argent . best regards m.m panchal

sunnympanchal (not verified)

Mon, 09/06/2010 - 11:07

my tds refund not received for the year 2007-2008 , 2008-2009 , plase enqiry and argent reply

manish sharma (not verified)

Sun, 04/24/2011 - 16:08

IF you Want to be an a LIC Agent in DELHI/NCR region then........ Contact Mr. manish sharma , Development Officer, Delhi, LIC of India, if anyone want to become LIC Agent in Delhi. cell phone: 9810517421 Amongst various career opportunities, Life Insurance Advisor is considered as one of the highest paid profession in the world. Eligibility for LIC Agent: Minimum Educational Qualification: HSC (12th Pass for Urban Area) Minimum Age: 18 Years (No Upper Age Limit) Job Description: Selling LIC Policy Providing after Sales service Maintaining relationship with the customer. Desire to learn and Urge to earn. Who Can Work with LIC as LIC Agent: College Boys/Girls, Businessmen, Chartered Accountants (C.A.s), C.S, Housewives, Retired persons, Software Professionals, Bankers, Call Center Employees, Teachers, Consultants, Marketing and sales persons etc. LIC is the No. 1 Brand in Service Sector and 240 million + lives are part of LIC of India. LIC is the Biggest Life Insurer in the world. Best Infrastructure – 2048 LIC Branches (Fully computerized). LIC Policy for all segment. Transparency operations. Best practices in the industry. Excellent Claim Settlement Ratio. Sovereign guarantee to customers. Government undertaken. India’s No.1 Insurance Provider. Insurance Agent Benefits: You will be your own boss. You will have your own working hours Unlimited Income Opportunities. Life time commission Club Membership Festival Advance, Gratuity, Medi-claim, Term Insurance. We will pay for operating/maintaining of your office. Laptop Advance, Interest free Car loan/2-Wheeler Loan. Home Loan at attractive rates. Interest free loans for your family needs. Procedure to become an LIC agent LIC Agent Training: 50 hours training covers all aspects of Life Insurance Business. After successful completion of training you will have to sit for Pre-Licensing examination conducted by the Insurance Regulatory and Development Authority (IRDA). After successful completion of the examination you will awarded a License by the IRDA to work as an insurance agent. You will be appointed as an agent by the Our Branch Office and you will be a part of the team under Development Officer. Working Hours: Part time /Fulltime (Decide your own working Hours) Document Required: 5 colour passport size photo Photo copy of Age proof document Photo copies of educational certificates Address Proof document- DELHI/ NCR only Photo copy of Pan Card LIC Agents Income Income Remuneration and Growth - In case you wish to have a long term association with the Corporation, the career as an agent provides you with income which grows in high proportions. Growth in income may go up to 50% per year depending upon volume of business secured by you. Sky is the limit for your income. This apart, the career has a provision of benefits* or payments like (1) Gratuity (2) Terms Assurance (3) Hereditary commission payable to the heirs (*Conditions apply). Contact: manish sharma(LIC of India, Delhi) cell phone: 9810517421

manish sharma (not verified)

Sun, 04/24/2011 - 16:09

IF you Want to be an a LIC Agent in DELHI/NCR region then........ Contact Mr. manish sharma , Development Officer, Delhi, LIC of India, if anyone want to become LIC Agent in Delhi. cell phone: 9810517421 Amongst various career opportunities, Life Insurance Advisor is considered as one of the highest paid profession in the world. Eligibility for LIC Agent: Minimum Educational Qualification: HSC (12th Pass for Urban Area) Minimum Age: 18 Years (No Upper Age Limit) Job Description: Selling LIC Policy Providing after Sales service Maintaining relationship with the customer. Desire to learn and Urge to earn. Who Can Work with LIC as LIC Agent: College Boys/Girls, Businessmen, Chartered Accountants (C.A.s), C.S, Housewives, Retired persons, Software Professionals, Bankers, Call Center Employees, Teachers, Consultants, Marketing and sales persons etc. LIC is the No. 1 Brand in Service Sector and 240 million + lives are part of LIC of India. LIC is the Biggest Life Insurer in the world. Best Infrastructure – 2048 LIC Branches (Fully computerized). LIC Policy for all segment. Transparency operations. Best practices in the industry. Excellent Claim Settlement Ratio. Sovereign guarantee to customers. Government undertaken. India’s No.1 Insurance Provider. Insurance Agent Benefits: You will be your own boss. You will have your own working hours Unlimited Income Opportunities. Life time commission Club Membership Festival Advance, Gratuity, Medi-claim, Term Insurance. We will pay for operating/maintaining of your office. Laptop Advance, Interest free Car loan/2-Wheeler Loan. Home Loan at attractive rates. Interest free loans for your family needs. Procedure to become an LIC agent LIC Agent Training: 50 hours training covers all aspects of Life Insurance Business. After successful completion of training you will have to sit for Pre-Licensing examination conducted by the Insurance Regulatory and Development Authority (IRDA). After successful completion of the examination you will awarded a License by the IRDA to work as an insurance agent. You will be appointed as an agent by the Our Branch Office and you will be a part of the team under Development Officer. Working Hours: Part time /Fulltime (Decide your own working Hours) Document Required: 5 colour passport size photo Photo copy of Age proof document Photo copies of educational certificates Address Proof document- DELHI/ NCR only Photo copy of Pan Card LIC Agents Income Income Remuneration and Growth - In case you wish to have a long term association with the Corporation, the career as an agent provides you with income which grows in high proportions. Growth in income may go up to 50% per year depending upon volume of business secured by you. Sky is the limit for your income. This apart, the career has a provision of benefits* or payments like (1) Gratuity (2) Terms Assurance (3) Hereditary commission payable to the heirs (*Conditions apply). Contact: manish sharma(LIC of India, Delhi) cell phone: 9810517421

manish sharma (not verified)

Sun, 04/24/2011 - 16:09

IF you Want to be an a LIC Agent in DELHI/NCR region then........ Contact Mr. manish sharma , Development Officer, Delhi, LIC of India, if anyone want to become LIC Agent in Delhi. cell phone: 9810517421 Amongst various career opportunities, Life Insurance Advisor is considered as one of the highest paid profession in the world. Eligibility for LIC Agent: Minimum Educational Qualification: HSC (12th Pass for Urban Area) Minimum Age: 18 Years (No Upper Age Limit) Job Description: Selling LIC Policy Providing after Sales service Maintaining relationship with the customer. Desire to learn and Urge to earn. Who Can Work with LIC as LIC Agent: College Boys/Girls, Businessmen, Chartered Accountants (C.A.s), C.S, Housewives, Retired persons, Software Professionals, Bankers, Call Center Employees, Teachers, Consultants, Marketing and sales persons etc. LIC is the No. 1 Brand in Service Sector and 240 million + lives are part of LIC of India. LIC is the Biggest Life Insurer in the world. Best Infrastructure – 2048 LIC Branches (Fully computerized). LIC Policy for all segment. Transparency operations. Best practices in the industry. Excellent Claim Settlement Ratio. Sovereign guarantee to customers. Government undertaken. India’s No.1 Insurance Provider. Insurance Agent Benefits: You will be your own boss. You will have your own working hours Unlimited Income Opportunities. Life time commission Club Membership Festival Advance, Gratuity, Medi-claim, Term Insurance. We will pay for operating/maintaining of your office. Laptop Advance, Interest free Car loan/2-Wheeler Loan. Home Loan at attractive rates. Interest free loans for your family needs. Procedure to become an LIC agent LIC Agent Training: 50 hours training covers all aspects of Life Insurance Business. After successful completion of training you will have to sit for Pre-Licensing examination conducted by the Insurance Regulatory and Development Authority (IRDA). After successful completion of the examination you will awarded a License by the IRDA to work as an insurance agent. You will be appointed as an agent by the Our Branch Office and you will be a part of the team under Development Officer. Working Hours: Part time /Fulltime (Decide your own working Hours) Document Required: 5 colour passport size photo Photo copy of Age proof document Photo copies of educational certificates Address Proof document- DELHI/ NCR only Photo copy of Pan Card LIC Agents Income Income Remuneration and Growth - In case you wish to have a long term association with the Corporation, the career as an agent provides you with income which grows in high proportions. Growth in income may go up to 50% per year depending upon volume of business secured by you. Sky is the limit for your income. This apart, the career has a provision of benefits* or payments like (1) Gratuity (2) Terms Assurance (3) Hereditary commission payable to the heirs (*Conditions apply). Contact: manish sharma(LIC of India, Delhi) cell phone: 9810517421

mandeep singh (not verified)

Fri, 04/29/2011 - 12:57

i have submit my 2009 t2010 TDS certificate in 30/05/10 but till now i have not get refund my PAN No AVZPS1129E

mandeep singh (not verified)

Fri, 04/29/2011 - 12:58

i have submit my 2009 t2010 TDS certificate in 30/05/10 but till now i have not get refund my PAN No AVZPS1129E

Kavita K (not verified)

Tue, 05/29/2012 - 15:25

I have form 16 A please tell me the process how could I apply for the TDS refund. I want to apply this online & I have the soft copies of Form 16 A with digital signature. Please assist me..for the same..

Kavita K (not verified)

Tue, 05/29/2012 - 15:26

I have form 16 A please tell me the process how could I apply for the TDS refund. I want to apply this online & I have the soft copies of Form 16 A with digital signature. Please assist me..for the same..

Kavita K (not verified)

Tue, 05/29/2012 - 15:29

I have form 16 A please tell me the process how could I apply for the TDS refund. I want to apply this online & I have the soft copies of Form 16 A with digital signature. Please assist me..for the same..

ArunR (not verified)

Thu, 05/31/2012 - 02:18

Is the Income tax refund form the same as Income tax return form? Is there a separate process for getting back excess TDS? or is it the same as filing income tax return and claiming it back? It seems from your post that there are two: TDS refund form and income tax return form. Please clarify the difference

kannadhasan (not verified)

Wed, 07/18/2012 - 17:54

Hi, I am an Insurance Agent. I have received an TDS amount around Rs.21826 for the entire last year(2011-12). I have no other source of income. Please specify what Form should I have to use for filing of tax and since my income is more than Rs.180,000 would I get full refund of the total TDS deducted. Any provision!!! to get total TDS deducted amount. Please help!! The deadline to file return is on the door. Thanks, Kannan

R. K. PODDAR (not verified)

Sat, 08/25/2012 - 11:39

how can i submit my tax return, i am a teacher of commerce, my income is 210000 per year

manoj kumar (not verified)

Wed, 01/02/2013 - 10:49

I am work in insuence company as a agent.company deduct tds on my comission.i have not filed any return for these year(2007-2011).can i fill now and get refund.is there any time limit to claim the refund. pls confirm me now claim for tds refund from 2007 to 2011.

manoj kumar (not verified)

Wed, 01/02/2013 - 10:53

I am work in insuence company as a agent.company deduct tds on my comission.i have not filed any return for these year.can i fill now and get refund.is there any time limit to claim the refund. pls confirm me now claim for tds refund from 2007 to 2011.

vinod dave (not verified)

Wed, 03/06/2013 - 11:38

Hi, I am an Insurance Agent. I have received an TDS amount around Rs.5230/- ONLY for the entire last year(2011-12). I have no other source of income. PLS i want online tds return aply.pls help me

Tajasmeen (not verified)

Thu, 08/01/2013 - 22:02

I am insurance agent I have revived 2012-2013 TDS of Rs 110000 I want on line application please help me..

Rohit singh tdswala (not verified)

Thu, 05/30/2013 - 16:55

hello all, We have web site called http://www.tdswala.com/ . which will solve all the queries and file your return online.. just go through it. you will definatly find it helpful. and will find all the money back Thanks tdswala.com

satish khimsuriya (not verified)

Thu, 06/13/2013 - 21:58

I hav nt recieved my tds fund of 2012 / 2013 n i dont knw hw to claim can u help me out plzz ..

Paras J (not verified)

Sat, 06/07/2014 - 21:12

hi, i want to know that how would i get my tds refund i have submitted my income tax return but the bank account number i mentioned in return i close that account. so i need to know that how i will get my money back.

Paras J (not verified)

Sat, 06/07/2014 - 21:13

hi, i want to know that how would i get my tds refund i have submitted my income tax return but the bank account number i mentioned in return i close that account. so i need to know that how i will get my money back.

Paras J (not verified)

Sat, 06/07/2014 - 21:14

hi, i want to know that how would i get my tds refund i have submitted my income tax return but the bank account number i mentioned in return i close that account. so i need to know that how i will get my money back.

Maqsali (not verified)

Mon, 06/30/2014 - 17:53

Hi, I want to know what all documents can be submitted with Income Tax Refund form & Form 16.

Nritaxhelp (not verified)

Tue, 09/16/2014 - 11:28

contact at info@nritaxhelp.com for help in filing your return of income.

meena pradeep kumar (not verified)

Fri, 10/31/2014 - 16:57

i am meena pradeep kumar my one f.d.in bank of india dhar m.p. bohra bakhal branch machurity date 15/9/2014 amount2,39,149.00/DBDNO..36000786.IN MYf.d. 14000/RS HAS BEEN DEDUCTED TDS . I WANT REFUND IN MY BANK A/C NO. 910810100005868 BANK OF INDIA BRANCH. SETHI NAGAR UJAAIN M.P. BRANCH.

MOUSAMI (not verified)

Sun, 03/29/2015 - 13:22

I AM A HOUSE WIFE I HAVE A FIXED DEPOIST IN BANK ,THEY HAVE DEDUCTED RS1250.00 AS TDS CAN IGET THIS BACK,PLEASE HELP HOW?

abhijeet kumar singh (not verified)

Tue, 03/01/2016 - 19:43

I am insurance agent of bajaj allinj lic from 2013 i have not knowledge how much tds deduct from my commision .my commision in 2013 is 46000,. How i will get it. From 2014to 2015 i am not working. But get 15000 p.a as a commision of regular premium .is company also deduct tds in regular premium commision. How i will get my tds refund. Plz reply i