ITR
Employer ignored investment proofs: claim in the ITR
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Facts
Yes. Deductions are allowed in your return even if the employer did not consider them for TDS. The extra TDS comes back as a refund after processing.
Provisions and law
- Sec 80C, Income-tax Act 1961 (now Sec 123)Deduction up to ₹1,50,000 for specified payments such as EPF, PPF, ELSS, life insurance, tuition fees and home loan principal, together with 80CCC and 80CCD(1).
- Sec 192, Income-tax Act 1961 (now Sec 392)The employer deducts TDS based on declarations and proofs it receives.
Analysis
If Form 16 shows no 80C but you paid ₹1,50,000 into PPF and ELSS, claim it under the old regime in the ITR. At a 20% slab plus cess this saves about ₹31,200, which is refunded. Keep the proofs, because a mismatch with Form 16 can draw questions.
Conclusion
- Collect proofs of all payments made in the year.
- Choose the old regime in the ITR.
- Claim the deductions.
- File by the due date and e-verify.
- Track the refund.
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