Can I avoid TDS deductions and maximize my tax refund?
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My income will be below the tax threshold, so I dislike seeing TDS deducted. Can I submit a revised declaration or Form 12BB to my employer instead of using Form 13 to expedite my ITR refund?
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If you earn less than ₹2.5 lakh under the old rules or ₹3 lakh with the new ones, you don't need to fill out complicated forms to avoid TDS. Just write a simple note to your boss stating your expected earnings. Many people confuse this with Form 15G or 15H, but those are only for interest or rent, not salary. If tax has already been deducted from your pay, don't worry. You can file your ITR to get that money back, which usually takes a couple of months to reach your bank account.