Back

RV Dhameliya

Studentย โ€ขย 21d

๐Ÿงพ TDS, Advance Tax & Refund โ€” Simple Summary TDS (Tax Deducted at Source) is tax cut before you receive your income (like salary, interest, freelance payments). Itโ€™s paid to the government by the one who pays you. Advance Tax is tax you must pay in advance, during the year, if your total tax is โ‚น10,000 or more (mainly for traders, freelancers, or side income earners). If more TDS is deducted than required, you can claim a refund by filing your Income Tax Return (ITR). If your income is โ‚น3,00,000 with no deductions, youโ€™ll pay tax on โ‚น50,000 โ†’ Tax = โ‚น2,500. If your company deducted โ‚น5,000 as TDS, youโ€™ll get a โ‚น2,500 refund after filing ITR. Use Form 16, 26AS, and AIS to check your TDS.

Reply
2

More like this

Recommendations from Medial

Image Description
Image Description

Arijit Ray

ย โ€ขย 

Twilioย โ€ขย 1y

Happiness is: Getting approached by your crush โŒ Receiving your income tax refund after filing ITR โœ… PS: File your ITR before the month end guys ๐Ÿ™ƒ

2 Replies
10
Image Description
Image Description

Shrutika

Radhe radhe !โค๏ธ๐Ÿ˜„ย โ€ขย 11m

What is TDS? Tax deducted by Sitharaman.

27 Replies
2
18

CA Dipika Pathak

Partner at D P S A &...ย โ€ขย 1y

Dear Companies, This is a reminder that the due date for filing the Tax Deducted at Source (TDS) return for Quarter 4 (January to March) is 31st May 2024. Please ensure proper submission of your TDS return. Dear Individuals, Ensure that your TDS d

See More
Reply
9

rishi sohar

Hey I am on Medialย โ€ขย 4m

๐Ÿš€ Filing Your Income Tax Return on Time = More Benefits! โœ… Did you know timely ITR filing helps with: ๐Ÿ’ฐ Hassle-free loan processing ๐Ÿ’ธ Refund of TDS ๐Ÿ›‚ Visa approvals ๐Ÿ“‰ Carrying forward losses โš ๏ธ Avoiding penalties & extra interest Donโ€™t wait un

See More
Reply

calculus

Your Bottom Line Our...ย โ€ขย 1m

๐Ÿ“ข Income Tax Filing Awareness โ€“ Donโ€™t Miss the Deadline! โœ”๏ธ Filing your Income Tax Return (ITR) is mandatory if your annual income exceeds the exemption limit. โœ”๏ธ It helps you avoid penalties, claim refunds, and build a strong financial record. โœ”๏ธ

See More
Reply
3

Recouptax Consultancy Services

Onestop solution for...ย โ€ขย 3m

Hi Guys, Does anyone need help with book keeping, accounting, Gst filing/TDS filing services. We are offering affordable and reliable services for Individual Tax Filings, Book keeping, Accounting, GST & TDS filings and all other registrations.

Reply
1

Om Pandey

An engineerย โ€ขย 5m

Filing Your ITR? Save on Taxes with Us! If you're planning to file your Income Tax Return (ITR), here's some good news: My organization is 80G certified! This means you can claim tax exemptions for donations made to us under Section 80G of the India

See More
Reply
4
Image Description

CA Saloni Jaroli

Grow & Glowย โ€ขย 3m

โœ… What is the last date for filing Income Tax Returns for individuals in India?

2 Replies
4

Saurabh Mishra

Building a tech gian...ย โ€ขย 19d

๐Ÿš€ Now offering complete Tax, Compliance & Bookkeeping Services for Startups, Freelancers & Small Businesses! โœ… Income Tax Return (ITR) Filing โœ… GST Registration & Returns โœ… ROC/MCA Compliance โœ… Bookkeeping & Monthly Accounting โœ… MSME, Startup India

See More
Reply
5

Download the medial app to read full posts, comements and news.