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Kind 16: which is issued by the employer to the worker incorporating details of tax deducted by the employer throughout the year, and.

My son is 16years only how i can manage this, please recommend me as i m having saving accounts in three banks and that i m a housewife.

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I’m the first particular person while she would be the second particular person in FD ao I can get the tax rebate for that amount below 80C.

At lots of times, it so occurs that you do not have to pay any tax at the finish of the yr and you already comprehend it, but simply because your deposits are incomes greater than Rs 10,000 of interest revenue, the financial institution cuts the TDS quantity and then you need to claim it again by filing a return.

Alternatively, you can provide her cash in opposition to one thing (advance against jewellery and so on)However in case of Revenue tax scrutiny, you could prove the scenario.

Someone necessarily help to make critically posts I’d state. Many thanks, However I am encountering troubles with your RSS. The consumer must make his own funding decisions primarily based on his particular funding goal and financial place and utilizing such impartial advisors as he believes obligatory. A pay his common revenue tax and get a refund of a few of TDS quantity.