{"id":19633,"date":"2020-11-17T14:06:06","date_gmt":"2020-11-17T08:36:06","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=19633"},"modified":"2025-02-18T16:58:50","modified_gmt":"2025-02-18T11:28:50","slug":"different-ways-to-claim-the-tds-refund-online","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/different-ways-to-claim-the-tds-refund-online\/","title":{"rendered":"What are the Different ways to claim the TDS Refund Online? Here\u2019s what you need to Know!"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The individuals who\nhave made financial declarations at a start of the year, which are less than\nthe proof of investment submitted at the end of a year, will be eligible for a\nTDS refund. If a projected investment declared at a beginning of the year is\nless than actual investment made at the end of a year, then situation for the tax\nrefund will arise.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/different-ways-to-claim-the-tds-refund-online\/#When_to_claim_TDS_Refund\" >When to claim TDS Refund<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/different-ways-to-claim-the-tds-refund-online\/#How_to_Claim_the_TDS_Refund_Online\" >How to Claim the TDS Refund Online<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/different-ways-to-claim-the-tds-refund-online\/#Interest_on_the_TDS_Refund\" >Interest on the TDS Refund<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/different-ways-to-claim-the-tds-refund-online\/#How_to_File_a_Complaint_for_Delay_in_Income_Tax_or_TDS_refund\" >How to File a Complaint for Delay\nin Income Tax or TDS refund?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/different-ways-to-claim-the-tds-refund-online\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_to_claim_TDS_Refund\"><\/span>When to claim TDS Refund<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>In three cases the TDS refund can be claimed that are:<\/em><\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/11\/image-41.png\" alt=\"claim TDS Refund\" class=\"wp-image-19634\" width=\"442\" height=\"442\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/11\/image-41.png 1000w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/11\/image-41-150x150.png 150w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/11\/image-41-300x300.png 300w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/11\/image-41-768x768.png 768w\" sizes=\"(max-width: 442px) 100vw, 442px\" \/><\/figure><\/div>\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/benefits-of-tds-return-filing-in-india\/\">All about Benefits of TDS Return Filing in India<\/a><\/mark><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">When an Employer Deduct more than\nan Income Tax Payable?<\/h3>\n\n\n\n<ul>\n<li>When a\ntax deducted does not match the actual tax payable, one can calculate the\nincome tax &amp; file an income tax return (ITR) to can claim a refund.<\/li>\n\n\n\n<li>During\nITR filing process, you will be prompted to provide bank name and IFSC code. It\nwill make easier for Income Tax department to refund the excess tax paid.<\/li>\n\n\n\n<li>In case\nyou don&#8217;t have a taxable income, then you can apply for lower or NIL TDS\ncertificate from jurisdictional Income Tax Officer in Form 13 in accordance\nwith <strong><em>Section\n197<\/em><\/strong>. Also, you need to submit the Nil deduction as order passed under <strong><em>section\n197 to TDS deductor.<\/em><\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">TDS refund on the Fixed Deposit <\/h3>\n\n\n\n<ul>\n<li>When\nyou don&#8217;t have a taxable income, then submit a declaration in <strong><em>Form\n15G<\/em><\/strong> before an end of financial year to bank for notifying them that you\ndon&#8217;t have the taxable income. Hence, there will be no TDS on the interest\nincome.<\/li>\n\n\n\n<li>If bank\ndeduct tax on your interest income in spite of submitting the <strong><em>Form\n15G<\/em><\/strong> declaration, then you can claim refund by filing your Income Tax\nReturn.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">For Senior Citizens with the FD\naccounts<\/h3>\n\n\n\n<ul>\n<li>If your\n<strong><em>age\nis 60 years or above<\/em><\/strong> and have a fixed deposit account, you are exempt\nfrom tax deductions on the FD interest gained up to Rs. 50,000 annually.<\/li>\n\n\n\n<li>If you\nhave no taxable income for the Financial Year (<strong><em>after claiming a<\/em><\/strong> <strong><em>deduction\nof up to Rs. 50,000 for an interest income<\/em><\/strong>), then you can submit <strong><em>Form\n15H<\/em><\/strong> to the bank to notify them that you do not have any taxable income.<\/li>\n\n\n\n<li>If a bank still deducts tax on the interest income from your FD, you can claim a refund by <strong><a href=\"https:\/\/corpbiz.io\/income-tax-return-filing\" title=\"Income Tax Return Filing\">filing the Income Tax Return<\/a><\/strong>.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Claim_the_TDS_Refund_Online\"><\/span>How to Claim the TDS Refund Online<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To file TDS online, you have to first register on the Income Tax department website: incometaxindiaefiling.gov.in. \u00a0After registering in the same, you can file the income tax return by downloading the relevant Income Tax Return form. <\/p>\n\n\n\n<ul>\n<li>Fill in all requisite details, upload a Form, and click on to submit tab upon filing an ITR.<\/li>\n\n\n\n<li>The acknowledgement is generated for the ITR submitted which you have to e-verify. <\/li>\n\n\n\n<li>The e-verification is done by using a digital signature, an Aadhaar-based OTP or from net banking account. <\/li>\n\n\n\n<li>However, if you fail to e-verifies <a href=\"https:\/\/corpbiz.io\/tds-return-filing\" title=\"TDS Return Filing\"><strong>TDS Return filing<\/strong><\/a>, then you can complete verification by sending the signed physical copy of same to the Income Tax department. <\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">What is a TDS Refund period?<\/h3>\n\n\n\n<p>Usually, if you\nhave filed an ITR on time, it takes approx <strong><em>3 to 6 months to refund<\/em><\/strong> and credited\nin your bank account. The time it takes also depends on a completion of the\ne-verification.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">How to check the TDS refund status<\/h3>\n\n\n\n<p><strong><em>You can check the status of\nTDS refund by: <\/em><\/strong><\/p>\n\n\n\n<ul>\n<li>Acknowledgement\nand refund processing email from the Income Tax Department<\/li>\n\n\n\n<li>Using a\nPAN card number to check on incometaxindiaefiling.gov.in<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">How to verify a status of TDS Refund<\/h3>\n\n\n\n<p><strong><em>If you have not received your\nrefund, here are a few ways to verify: <\/em><\/strong><\/p>\n\n\n\n<ul>\n<li>Download\nand verify the <strong>Form 26AS<\/strong> (Annual TDS\nsummary statement) with your TDS and with income details<\/li>\n\n\n\n<li>Contact\nyour jurisdictional Income Tax office<\/li>\n\n\n\n<li>Get in touch with the Ombudsman Income Tax Department or raise the complaint by your e-filing account<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Interest_on_the_TDS_Refund\"><\/span>Interest on the TDS Refund<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If an Income Tax department is late in paying the TDS refund as applicable, then they must pay an amount with the <strong><em>simple interest of 6%.<\/em><\/strong> This particular provision comes under <strong>Section 244A<\/strong> of <em><strong>Income Tax Act<\/strong><\/em><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Income_tax_in_India\"><em><strong>[1]<\/strong><\/em><\/a><\/sup>.<\/p>\n\n\n\n<p>The interest\naccrues from a first month of the AY (Assessment year) when the ITR is filed\nwith a due date and from the date of filing of the returns in any other case.\nIf TDS refund amount is less than <strong><em>10% of the income tax payable<\/em><\/strong>, then\nIncome Tax Department need not pay the interest.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_File_a_Complaint_for_Delay_in_Income_Tax_or_TDS_refund\"><\/span>How to File a Complaint for Delay\nin Income Tax or TDS refund?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Even after applying\nfor ITR, if you haven&#8217;t received your refund or there is a delay in receiving\nthe refundable amount, you can get in touch with your Income Tax Officer to\nfile a dispute. You will need to contact your Income Tax Officer in writing\nwith all the necessary details and documents. If you do not receive the\nsatisfactory response or any response for that matter, you can contact the\nIncome Tax officer with the following details \u2013<\/p>\n\n\n\n<ul>\n<li>PAN number<\/li>\n\n\n\n<li>Form 16<\/li>\n\n\n\n<li>Bank statement<\/li>\n\n\n\n<li>TDS certificate issued by a bank<\/li>\n\n\n\n<li>All the documents that show investments and earnings<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A TDS Refund arises when taxes paid by way of TDS are greater than an actual tax payable calculated for FY (Financial Year). It is then calculated after consolidating income earned from the various sources. <a href=\"https:\/\/corpbiz.io\/\"><strong>Corpbiz<\/strong><\/a> team will help you in filing the TDS refund, in case you need assistance then contact us. <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/how-to-file-tds-return-online\/\">How to File TDS Return Online<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The individuals who have made financial declarations at a start of the year, which are less than the proof of investment submitted at the end of a year, will be eligible for a TDS refund. If a projected investment declared at a beginning of the year is less than actual investment made at the end [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":19640,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[237],"tags":[1218],"acf":{"service_id":"51"},"authorName":"Soumya Bajpai","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/01\/0.jpg","authorDescription":"Soumya has done LLB (Hons) and has a 2+years experience in writing. Her main interest is in reading judgments, new enactments and amendments taking around in law. She always strives to bring the best to work that she does.","postViews":4421,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/19633"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=19633"}],"version-history":[{"count":6,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/19633\/revisions"}],"predecessor-version":[{"id":68786,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/19633\/revisions\/68786"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/19640"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=19633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=19633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=19633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}