Tax Exemption for Consultant 2012-2013 financial year ?

Hi,

I am working as consultant in a private company. We are called Support Engineer Consultant , I joined in the organization in the middle of Feb Month 2012 with Annual package of 3.25 L . I had been paid Full amount every month without any deductions Rs. 27083 and Only Professional Tax of Rs 200 had been deducted for Feb and March 2012 ,but From April 2012 i had been deducted with Rs 2708 ( i.e 10 % of my monthly pay as TAX DEDUCTED AT SOURCE . I enquired my Payroll supervisor he said all the Consultants will have to pay 10 % as per TDS ( 194J ) act.

Can any tell me how I can get my TDS refunded?

Can I shows rental receipts as expenses ?
Can I show mobile bill as expenses ?
Can I show my travelling expenses ?
Insurance expenses ?

Tax Exemption for Consultant?

Hi,

I am working as consultant in a private company. We are called professional, every month we need to raise bill for which we get cheque of 26, 910 Rs. The TDS of 3010 Rs is already deducted every month. Because of this I am paying more and more TDS. I have taken life insurance policy of premium 12 thousand.

Can any tell me how I can get my TDS refunded?

Can I shows rental receipts as expenses ?
Can I show mobile bill as expenses ?
Can I show my travelling expenses ?

Thanks in Advance
Hi Mehul,
I liked Your answer.
One more thing I want to ask you that I currently living on rental. I pay rent of 2000 rs every month. Van I show that also in my expenses.

Thanks again.

What is the procedure to submit income tax?

I am employed in an UGC recognized state govt aided college. This is the first time I am subjected to income tax deduction and I would like to get my doubts clarified regarding it. First, is it compulsory for the college authority to deduct the income tax considering all kinds of income (salary, fixed deposit, bank interest) or can I submit the income tax through my personal tax consultant? What if I make mistake in calculating my income tax (more or less than the actual amount)? Second, when is form no. 16 required in the process?