TDS RECOVERED FOR ENTIRE ENCASHMENT OF LEAVE SALARY AMOUNT O/A OF RETIREMENT

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Respected sir,

My friend retired from Bank service during 2011 November. He received encashment of leave salary after deducting TDS for entire lease encashment amount (approximately 90000/-). The bank remitted the amount to Govt.of India through IT challan. The challan was prepared wrongly by the bank staff (TAN NUMBER of the branch and ASSESSMENT/FINANCIAL YEAR wrongly mentioned in the challan. Employees PAN no and Name not mentioned in the challan. They gave form 16 to the employee and request him to claim from IT Dept. My friend's Auditor checked the remittance details in internet with his PAN number. Amount was not credited in his PAN NO. How can he get the money from IT Department or BANK. Please help him sir. Thanking you sir.

1 Answers

He should claim for refund in IT return. As form 26AS details won't match with return data, if IT department raise query instead of refund, he may produce form-16 and other document proofs for tax deduction.

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