By Admin 
Income Tax Return: If TDS (Tax Deducted at Source) is deducted from your salary every month, it is not necessary that the entire tax remains with the government. Many times the company deducts more TDS than required based on estimated income. However, if your tax liability is less or not at all, then there is no need to panic at such a time.
You can get your TDS refund back by filing Income Tax Return (ITR). TDS money does not come into your account automatically, but for this you have to complete some important processes. Let us know what is the complete method of claiming TDS refund.
Do these important things before claiming refund
- First of all check Form 26AS from Income Tax Portal.
- After this, ensure that the deducted TDS has been deposited with the government.
- Take Form 16 from your company, which contains complete information about salary and TDS.
- File ITR only after matching both the documents properly.
8th Pay Commission: In which pay commission did the employees get the lowest salary increase? How much was the increase?
When will I get the refund and how to check?
- First pre-validate the bank account in which you want to take refund and keep it linked to PAN.
- Refunds will be sent to your bank account within 2 to 4 weeks after ITR is e-verified.
- You can check the status of refund online by visiting the Income Tax Portal.
- If there is any error in your bank account or documents, your refund may be delayed.
Why is it important to file ITR?
- To get refund of TDS, it is very important to file Income Tax Return (ITR) within the prescribed date.
- While filing ITR, enter your income, tax saving investments and other important information correctly.
- The system automatically calculates your tax and decides how much refund you get.
- After filing ITR, do not forget to e-verify it, because it is necessary to do it.
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