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FORM No. 22 Outnumber 22 Formation rule 33 Format Income Tax & Direct Tax Fertile Statement of tax deducted at source from contributions repaid to employees in the case of an approved superannuation

How to fill out statement of tax deducted

How to fill out a statement of tax deducted:

1. Gather all necessary documents: Before you begin filling out the statement of tax deducted, make sure you have all the relevant documents handy. This may include your Form 16, TDS certificates, bank statements, and any other supporting documents related to tax deductions.
2. Fill in personal details: Start by providing your personal details such as your name, address, Permanent Account Number (PAN), and the assessment year for which the statement is being filed. Ensure that all the information is accurate and up-to-date.
3. Fill in employment details: If you are an employee, you'll need to provide information about your employer, including their name, address, and TAN (Tax Deduction and Collection Account Number). Include details of all the employers you worked for during the relevant assessment year, if applicable.
4. Report income details: Mention all the income sources you have earned during the assessment year. This includes salary income, interest income, rental income, capital gains, and any other applicable sources. Ensure that you accurately report the income and provide the necessary supporting documents.
5. Fill in tax deductions: In this section, document all the tax deductions you are eligible for. This may include deductions under Section 80C (such as investments in Provident Fund or life insurance premiums) and other sections of the Income Tax Act. Fill in the details of each deduction separately and provide supporting documents, if required.
6. Calculate tax liability and TDS: Based on the income and deductions mentioned, calculate your tax liability for the relevant assessment year. Determine whether you have any tax payable or if there is any Tax Deducted at Source (TDS) that has been deducted by your employer or any other entity. Ensure that the TDS mentioned matches the information on your TDS certificates.
7. Verify and sign: Once you have filled out all the necessary information, carefully review the statement of tax deducted for any errors or omissions. Ensure that all the calculations are accurate and that you have provided all the required documents. Once you are confident that everything is in order, sign the statement and date it.

Who needs statement of tax deducted?

1. Salaried individuals: Salaried employees who have received a salary during the assessment year are required to file a statement of tax deducted.
2. Self-employed individuals: Self-employed individuals, including freelancers and business owners, who have made tax deductions during the assessment year need to file a statement of tax deducted.
3. Anyone with TDS deductions: Individuals who have had tax deducted at source, such as interest income or rental income, are required to file a statement of tax deducted, irrespective of their employment status.

Please note that the specific requirements for filing a statement of tax deducted may vary depending on the tax laws and regulations of your country or jurisdiction. It is advisable to consult with a tax professional or refer to the official guidelines provided by the tax authorities for accurate and up-to-date information.

For pdfFiller’s FAQs

What is statement of tax deducted?

Statement of tax deducted is a document that shows the details of tax deducted at source by the deductor and deposited with the government.

Who is required to file statement of tax deducted?

Any person or entity who has deducted tax at source is required to file the statement of tax deducted.

How to fill out statement of tax deducted?

The statement of tax deducted can be filled out online on the government's tax portal by providing the required details such as TAN, deductee details, tax deducted, etc.

What is the purpose of statement of tax deducted?

The purpose of the statement of tax deducted is to report the details of tax deducted at source and deposited with the government to ensure compliance with tax laws.

What information must be reported on statement of tax deducted?

Information such as deductor's details, deductee's details, amount of tax deducted, TDS certificate details, etc. must be reported on the statement of tax deducted.

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