Refunds

The assessing authority shall refund to aperson the amount of tax, penalty, interest and fees (if any) paid by such person in excess of the amount due from him, the refund may be made either by cash payment or at the option of such person, by deduction of such excess form the amount of tax, penalty, interest and fee due fiom him. Provided that such excess shall first be applied towards the recovery of any amount due in respect ofwhich a notice under Section 18 has been served and thereafter the balance, ifany, shall be re@nded. Person other than those mentioned in any preceding entries, who are engaged in any professions, trades, callings and employments: 500 per annum or As may be fixed by notification under section 3 not exceeding Rs. 2,500/- per annum. Explanation No I. Notwithstanding anything contained in the Schedule where an assessee is covered by more than one entry in this Schedule, the highest rate of tax specified under any of those entries shall be applicable in his/her case.