Joining bonus and relocation charges
This query is : Resolved
07 March 2011
Hi,
I got joining bonus of 50000 and relocation charge of 10500. As I am leaving before completing stipulated time, I need to return both the amount. I have paid income tax on the both. But as per employer, the returning of these amounts will not be reflected in Form 16.
Is it correct. Being an engineer I am not much aware of these, so please guide me what can be done in this case.
How can I get the tax given on these amounts? What else could be done to recover the tax.
Regards,
Dipti
I got joining bonus of 50000 and relocation charge of 10500. As I am leaving before completing stipulated time, I need to return both the amount. I have paid income tax on the both. But as per employer, the returning of these amounts will not be reflected in Form 16.
Is it correct. Being an engineer I am not much aware of these, so please guide me what can be done in this case.
How can I get the tax given on these amounts? What else could be done to recover the tax.
Regards,
Dipti
Rupesh Gujarathi
(Expert)
07 March 2011
It is correct. This amount returned will not be reflected in form 16.
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