1. #1
    Unregistered

    Why my company is deducting TDS when I donít come under tax slab?

    work with Career Launcher Skill school as a soft skill faculty. My monthly salary is Rs. 10,000 which doesnít comes under tax slab, still company is deducting 10% TDS every month. When I ask about it to the employers they donít give satisfactory answers. What should I do?

  2. #2
    Chittaranjan Array
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    Re: Why my company is deducting TDS when I donít come under tax slab?

    It is very simple employer does not know whether there are other sources of income you have.to get relief from future query done by i t dept.he deducts your salary and you should know you can get refund from i t dpt.by way of submitting i t r. They will refund tds amount at your bank a/c timely.

  3. #3
    SKS Array
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    Re: Why my company is deducting TDS when I donít come under tax slab?

    If you are earning Rs 10000 a month than your Total Annual Income is just Rs 1.20 lakhs per annum.
    So you do not fall in the Income Tax bracket.

    You need to again tell the accounts Mananger of your Firm to stop deducting TDS each month as you do not fall into the Tax bracket.
    You need to tell him the Current Tax slab and ask him why you are deucting tax.

    Current Tax Slab is:

    0 TO 2 lakhs >> No Tax
    200001 to 500000 >> 10% tax
    500001 to 1000001 >> 20% tax
    1000001 and above 30% tax

    Also once you get the form 16 at the end of the financial year you can claim the tax deducted from the Income Tax department.
    For this you have to file the return using the form ITR 1.

  4. #4
    Ashutosh Tiwari Array
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    Re: Why my company is deducting TDS when I donít come under tax slab?

    Dear friend,

    As you are getting Rs.10000 in a month as salary you are not entitled to pay taxes as you fall in the category of 0 to 2 lakhs.
    You can write an application/email to your accounts department for the same, still if its been cut from your salary you can reimburse your money at the time of filing ITR from the IT department. Don't worry if you do not fall in the category of tax payment your money is safe.

    All the best.

  5. #5
    G.one Array
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    Re: Why my company is deducting TDS when I donít come under tax slab?


    • As you get the monthly salary of Rs.10,000, it means that annually You get Rs.1,20,000. If you doesn't want have any another income, then you are not liable to get tax deducted by your employer.
    If you don't want to get tax deducted, then follow the simple procedure-
    1. First evaluate your income with deduction.
    2. Make the self assessement of the tax.
    3. Make sure that after self assesement, no tax liability must arises, and then proceed further.
    4. Now you have to apply in the income tax department.
    5. And Get the certificate of 15G and 15H.
    6. Handover the certificate to your employer.
    7. Afterthat he will not deduct the tax.

  6. #6
    Arjun Array
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    Re: Why my company is deducting TDS when I donít come under tax slab?

    Dear, asker as you states that your's monthly salary is Rs. 10,000 and annually it is equal to onelakh and twenty thousand only so, you did not fall in any tax slabs. As per the present tax slabs. So dear you can complain this to the finance and account deptt. Even if it is continues then you can coplain it to the income-tax department.

  7. #7
    wipro84 Array
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    Re: Why my company is deducting TDS when I donít come under tax slab?

    The TDS Stands for tax deduction service.
    This is introduced by the central tax department.
    Not only you for all members those how are crossing the 1 lakhs they and all deducting the TDS.
    This TDS money is used for the indian security purpose.

    ------> You can avoid this by putting the insurance documents if you have any or any colleges fees in your family.

  8. #8
    bsr Array
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    Re: Why my company is deducting TDS when I donít come under tax slab?

    Hi friend,

    Sorry this happened to you. As your annual salary is less than 2 lakhs per annum as per new rules you won't be come under tax slab.

    Please find tax slabs for annual year 2011-2012:
    * below 2 lakhs - no tax
    * 2 to 5 lakhs - 10%
    * 5 to 10 lakhs - 20%
    * more than 10 lakhs - 30%

    So ask concerned person in the finance department why they are deducting 10% tax for you. One more thing is there would be professional tax of INR 200 irrespective of these tax slabs for all working persons. They will explain why they deducting and if by mistake done, also tell you how to get that amount from IT department.

    Hope this helps you.

    Regards,
    BSR.

  9. #9
    Boss Array
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    Re: Why my company is deducting TDS when I donít come under tax slab?

    Why my company is deducting TDS when I donít come under tax slab?


    It is terribly easy leader doesn't understand whether or not there area unit different sources of financial gain you have got.to get relief from future question done by i t dept.
    He deducts your earnings and you ought to understand you'll get refund from i t dpt.by means of submitting i t r. they're going to refund TDS quantity at your bank a/c timely.
    If you're earning Rs ten thousand a month than your Total Annual financial gain is simply Rs one.20 lakhs every year.
    therefore you are doing not fall within the tax bracket.

    You need to once more tell the accounts Mananger of your Firm to prevent deducting TDS monthly as you are doing not make up the income bracket.
    you would like to inform him this Tax block and raise him why you're deducting tax.
    As you're obtaining Rs.10000 in a very month as earnings you're not entitled to pay taxes as you fall within the class of zero to two lakhs.
    You'll write AN application/email to your accounts department for constant, still if its been cut from your earnings You'll reimburse your cash at the time of filing ITR from the IT department. don't be concerned if you are doing not all within the class of tax payment your cash is safe.
    As you get the monthly earnings of Rs.10,000, it implies that annually You get Rs.1,20,000. If you does not need have any another financial gain, then you're not at risk of get tax subtracted by your leader.
    If you do not need to urge tax subtracted, then follow the straightforward procedure-First appraise your financial gain with deduction.
    Make the self assessment of the tax.
    Make sure that when self assessment, no liabilities should arises, and so proceed more.
    Now you have got to use within the tax department.
    And Get the certificate of 15G and 15H.
    Handover the certificate to your leader.
    After that he won't deduct the tax.
    The TDS Stands for write-down service.
    this can be introduced by the central tax department.
    Not solely you for all members those however area unit crossing the one lakhs they and every one deducting the TDS.

    This TDS cash is employed for the indian security purpose.
    You can avoid this by golf stroke the insurance documents if you have got any or any faculties fees in your family.
    So raise involved person within the finance department why they're deducting 100% tax for you. an added factor is there would be skilled tax of agency two hundred no matter these tax slabs for all operating persons. they're going to make a case for why they deducting and if by mistake done, conjointly tell you ways to urge that quantity from IT department.

  10. #10
    shraddhu Array
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    Re: Why my company is deducting TDS when I donít come under tax slab?

    Hi.
    Don't worry, In my company also same rule . after 1 year i got my all money.
    Only fill-up form no. 16A, and ask your HR or financial department.
    And consult some financial adviser.

  11. #11
    Ashok Array
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    Re: Why my company is deducting TDS when I donít come under tax slab?

    Quote Originally Posted by Unregistered View Post
    work with Career Launcher Skill school as a soft skill faculty. My monthly salary is Rs. 10,000 which doesnít comes under tax slab, still company is deducting 10% TDS every month. When I ask about it to the employers they donít give satisfactory answers. What should I do?
    Dear Aspirant,

    Your employer is following the rules of Income tax department.The employer is deducting TDS per month from your salary,because your employer is unaware of your income from other sources.since the IT return is submitted at the end of financial year in the month of february which includes all income i.e the income from your salary business,doposits,agriculture etc.If the total income from all the sources is not under the slab of income tax,you are eligible to get back the amount of TDS deducted from your salary during a financial year from the IT deptt. by filing the return file of TDS along with your PAN,permanent account number,preferably through IT lawyer.You will get back the TDS amount either through a cheque or may be directly credited to your bank account.

    So need worry for your TDS deduction from your salary by the employer.

    Thanks & good luck.

    Ashok

  12. #12
    venki Array
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    Re: Why my company is deducting TDS when I donít come under tax slab?

    hello friends...

    If you don't want get tax deduct,simple follow the procedure:

    1)first evaluate your income with deduction

    2)make self assessment of tax

    3)make sure that after self assessment ,no tax must arises and then only go further

    4)now you have apply in the income tax department

    5)get the 15G and 15H certificates

    6)handover certificates to your employees

    7)so they will not deduct the tax

    all the best

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