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TDS Mismatch of 26AS with Form 16

The due date to file Income Tax Returns for non audit cases this year is 31 August,2018. If you file your return after the due date then there will be a penalty ranging from Rs. 1000 - 10000. So to avoid any penalty file it before the due date and be a good citizen of India.

However during filing our Income Tax Returns we come across many problems. One of the biggest problem which I will discuss in this blog is "TDS mismatch between 26AS and Form 16". This error simply means that your employer has failed to file TDS returns or if filed they are incorrect. To understand it clearly see the following case:

Mr. Dhruv currently working with an MNC is drawing a salary of Rs. 800000 p.a. His tax liability is say Rs. 74600. However when he opened his Income Tax Portal it shows only 71000. Due to this he has a liability to pay Rs. 3600 as per site.

However this mismatch is not because of your fault. It is the fault of your employer. Employer has either deducted the TDS and not paid it to government or it may have paid to government but has quoted wrong PAN card against the Tax paid.

Now you must be thinking about the solution. The solution is very simple.

1) First of all file your Income Tax Return. For filing it amend the TDS deducted on Income Tax Site. Write the correct TDS deducted on your Form 16.

2) Then the most important thing is to ask your employer to revise their TDS return as soon as possible. Give them all the details of correct TDS, TDS showing, PAN.

After your employer revises TDS Return your Income Tax Return is filed and you will have no problem ahead

Hope you like my blog.

(The author too provides the professional services of Income Tax Return Filing at very reasonable rates. For more details mail at abheygpt1@gmail.com)

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