Wherever the refund arising to the taxpayer is from tax compensated By means of self-evaluation tax then the taxpayer shall be entitled to desire calculated at the speed of 1-half percent for each month or Section of a month.

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According to section 240, in the case exactly where the Money Tax refund gets due on account of any order handed in enchantment or other continuing underneath the Act, the Evaluating Officer shall, except as or else furnished while in the Act, refund the amount on the taxpayer without his needing to make any claim in that behalf.

237. If any person satisfies the Evaluating Officer that the level of tax paid out by him or on his behalf or treated as paid by him or on his behalf for any assessment yr exceeds the amount with which He's thoroughly chargeable below this Act for that 12 months, he shall be entitled into a refund of the excess.

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My employer problem a get for recovery of excess payment, that's compensated to me for a long period extra then five yrs. Is that this aforesaid excess payment exempt for money tax.

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