Key TDS Rules
TDS is deducted when payment exceeds the threshold limit for each section. If PAN is not provided, TDS is deducted at 20% or applicable rate, whichever is higher (Section 206AA). The deductee can claim TDS credit in their ITR.
How to get TDS refund?
File your ITR (Income Tax Return) with correct income details. If total tax liability is less than TDS deducted, the difference is refunded by the Income Tax Department.
⚠️ Disclaimer: TDS rates as per Income Tax Act FY 2024-25. Consult a CA for specific situations. Source: CBDT, Income Tax Department.
Last Updated: June 2025 · Reviewed by Wolf Office Tools Editorial Team