What is TDS?
It is an act based on the FORM 26AS or TDS and income is deducted in salary. It is an policy that come under the act of section 194I and or section 194-IB. In this any citizen belong to India and he is living in a rented house can reduce the income tax at a rate of 2% for machinery/plant and 10% for renting in any building or any house. This can be done through cheque or DD or any online mode
Refunding the TDS amount:-
In some times more amount is deducted from our salary than actual amount and the amount more money which had been deducted can be claimed as TDS refund and also known as Income Tax Refund (ITR)
At this moment we want to file an ITR to get our deducted money and it will come to our bank.
Refunding the TDS amount on FDS:-
For this refund amount to the bank you should fill a form called 15G so the TDS is not deducted in interest of FD.
Refunding the TDS amount on FDS for senior citizens:-
For this refund amount to the bank you should fill a form called 15G so the TDS is not deducted in interest of FD. And for senior citizens your fd is exempted from the ITR.
Claiming the TDS Refund online:-
Visit the official portal of the IT department by using your login id and password and after this fill your application details such as name, address and your gross salary
After filling this you need to know your acknowledgement on a digital signature.
It will take 1 to 4 months to get the refund amount to credit to your bank account.
Checking the TDR refund status:-
The process of income tax refund tax should be apply and check online
First of all visit the official website of it or open this link
After entering in this website fill the pan details and select your year to which you want to refund the money and submit your information.
Reason for the failure you have to mention and mode of payment
There you can see the status of your refund process