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2. Apart from TDS deduction, did you have any other tax implication to pay? (because you said we were in same situation)
So I came across the fact that certain persons can can claim TDS paid at the end of the financial year.
As you know, most corp law jobs are considered a retainership position and a TDS of 10% is deducted on gross salary for rendering professional services. (Section 194J of Income Tax Act).
1. However I'm confused whether a person earning more than 5L can claim 100% TDS by filing his ITR at the end of the year?
2. Also this 5L amount threshold for eligibility is gross or net (after TDS deduction)
Would appreciate a clarification on this doubt and any sources to read upon,
Thanking you