Adani Enterp. 2451.15↑22.00(0.91%)
Adani Ports 734.95↓-1.45(-0.20%)
Apollo Hospitals 4926.70↓0.05(0.00%)
Asian Paints 3180.55↓-31.70(-0.99%)
Axis Bank 974.75↑12.65(1.31%)
B P C L 359.45↓-1.65(-0.46%)
Bajaj Auto 4743.40↓-57.25(-1.19%)
Bajaj Finance 7037.15↑27.05(0.39%)
Bajaj Finserv 1466.50↓-0.90(-0.06%)
Bharti Airtel 833.50↓-2.50(-0.30%)
Britannia Inds. 4878.75↑3.70(0.08%)
Cipla 969.25↑3.85(0.40%)
Coal India 227.65↓-0.45(-0.20%)
Divi's Lab. 3428.75↓-70.95(-2.03%)
Dr Reddy's Labs 4666.80↑17.40(0.37%)
Eicher Motors 3581.30↓-76.10(-2.08%)
Grasim Inds 1715.75↑3.80(0.22%)
H D F C 2652.90↓-0.90(-0.03%)
HCL Technologies 1109.75↓-17.00(-1.51%)
HDFC Bank 1610.60↑1.90(0.12%)
HDFC Life Insur. 581.70↓-12.20(-2.05%)
Hero Motocorp 2899.30↓-65.50(-2.21%)
Hind. Unilever 2636.20↓-43.70(-1.63%)
Hindalco Inds. 415.05↓-3.20(-0.77%)
ICICI Bank 938.05↑0.15(0.02%)
IndusInd Bank 1331.05↑27.20(2.09%)
Infosys 1265.95↓-16.85(-1.31%)
ITC 438.45↓-4.45(-1.00%)
JSW Steel 748.50↓-0.30(-0.04%)
Kotak Mah. Bank 1872.00↓-14.50(-0.77%)
Larsen & Toubro 2363.00↑22.70(0.97%)
M & M 1370.65↓-10.40(-0.75%)
Maruti Suzuki 9627.80↓-30.80(-0.32%)
Nestle India 22073.45↓-75.45(-0.34%)
NTPC 182.80↑0.75(0.41%)
O N G C 154.25↓-1.85(-1.19%)
Power Grid Corpn 244.90↑3.25(1.34%)
Reliance Industr 2481.95↓-17.70(-0.71%)
SBI Life Insuran 1232.40↓-6.50(-0.52%)
St Bk of India 578.70↓-9.80(-1.67%)
Sun Pharma.Inds. 983.95↓-3.05(-0.31%)
Tata Consumer 801.00↓-6.10(-0.76%)
Tata Motors 562.30↑2.60(0.46%)
Tata Steel 108.90↓-2.25(-2.02%)
TCS 3209.30↓-27.15(-0.84%)
Tech Mahindra 1063.05↓-8.25(-0.77%)
Titan Company 2876.25↓-0.75(-0.03%)
UltraTech Cem. 8153.25↑53.10(0.66%)
UPL 680.25↓-9.80(-1.42%)
Wipro 397.30↓-2.25(-0.56%)

Avoid higher TDS with timely, accurate submission of investment proof

For investments made after proof has been submitted to the employer, claim refund in ITR

Bindisha Sarang Mumbai

Premium

Photo: Shutterstock

4 min read Last Updated : Jan 24 2023 | 6:06 PM IST

If you are a salaried employee, an email from your accounts department asking for proof of tax-saving investments made during the current financial year must have already reached your inbox. In April 2022, you would have declared to your employer the tax-saving investments you intend to make during the year so that it could deduct tax accordingly. Now is the time to provide documents in support of that declaration.

From FY 2020–21, employees have been allowed to choose between the old and the new tax regime. Anu Sura, counsel, PSL Advocates & Solicitors, says, “An employee who opts for the new tax regime needn’t submit any proof to the employer.”

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