TDS Refund: If excess TDS has been deducted from your salary and the tax liability is less, then a TDS refund can be obtained by filing an ITR as per the prescribed procedure.

How to get back the TDS deducted from salary?

Income Tax Return: If TDS (Tax Deducted at Source) is deducted from your salary every month, it's not necessary that the entire tax remains with the government. Sometimes, companies deduct more TDS than necessary based on estimated income. However, if your tax liability is low or nonexistent, there's no need to panic.

You can claim your TDS refund by filing your Income Tax Return (ITR). TDS money doesn't automatically come into your account; you need to complete certain procedures. Let's explore the complete process for claiming a TDS refund.

Do this important work before claiming a refund.

• First of all, check Form 26AS from the Income Tax portal.
• After this, ensure that the deducted TDS has been deposited with the government.
• Get Form 16 from your company, which contains complete information about salary and TDS.
• File ITR only after matching both the documents properly.

When will I get the refund and how to check it?

• First pre-validate the bank account in which you want to receive the refund and keep it linked to PAN.
• Refunds will be credited to your bank account within 2 to 4 weeks after the ITR is e-verified.
• You can check the refund status online by visiting the Income Tax portal.
• If there is any discrepancy in your bank account or documents, then your refund may get delayed.

Why is it important to file ITR?

• To get a TDS refund, it is very important to file Income Tax Return (ITR) within the due date.
• While filing ITR, enter your income, tax saving investments and other important information correctly.
• The system automatically calculates your tax and determines how much refund you are entitled to.
• After filing ITR, do not forget to e-verify it, as it is mandatory to do so.