No Need to Pay Extra TDS! Govt Issues Form 13 – Apply Before March 15

The Income Tax Department has released Form 13 for the financial year 2025-26, allowing taxpayers to apply for a lower or zero TDS deduction. This form is particularly beneficial for individuals who want to avoid excessive TDS deductions and the hassle of later filing for tax refunds. Here’s a step-by-step guide on how to apply.

What is Form 13, and Who Can Use It?

The newly released Form 13 is designed to help taxpayers—especially salaried individuals—avoid unnecessary TDS deductions beyond their actual tax liability. By applying through this form, taxpayers can ensure that only the correct amount of Tax Deducted at Source (TDS) is deducted, preventing overpayment and the need for refunds later.

Additionally, the Income Tax Department has also enabled Form 15E, which is applicable to resident taxpayers making payments to non-residents while seeking lower TDS deductions.

Deadline for Form 13 and Form 15E Submission

As per details on the TRACES portal, these forms are now available for the financial year 2025-26. However, for the current financial year (2024-25), taxpayers must submit them before March 15, 2025. If you want a lower TDS certificate for FY 2024-25, you have only two weeks left to apply.

Eligibility Criteria for Form 13

You can apply for Form 13 if:

• Your income falls under specific categories as defined by the Income Tax Act.
• The total tax liability for the year is lower than the TDS deducted by your employer or payer.

If you meet these conditions, submitting Form 13 will help you avoid paying extra TDS and ensure that only the accurate tax amount is deducted.

How to Apply for Form 13?

1. Fill out Form 13 with your income details and expected tax liability.
2. Submit the form through the Income Tax Department’s online portal.
3. The Income Tax Department will issue a certificate specifying the correct TDS rate applicable to your income.
4. Provide this certificate to your employer, bank, or other deductors, ensuring they deduct TDS at the correct rate instead of the default higher rate.
5. No need to file for tax refunds later, as excess deductions will be prevented.

Which Income Types Qualify for Form 13?

The following income categories are eligible for Form 13 application:

(Source: Tax2Win)

Act Now – Avoid Unnecessary Tax Deductions!

If you qualify for Form 13, ensure you apply before March 15, 2025, to prevent excessive TDS deductions for the current financial year. This proactive step will save you from the hassle of claiming refunds later.

For further details, visit the official Income Tax Department portal or consult a tax expert to assist with your application.