Taxability of refund of salary to employers (for employee)
This query is : Resolved
30 July 2019
Hi,
Due to change of my job, i have to refund a certain portion of my salary to the employer (Approx Rs 2.5Lacs).
What shall be the Tax treatment of the refunded amount? Will i be able to claim deduction from the Gross Salary? and if Yes, under which section?
Thanks
Due to change of my job, i have to refund a certain portion of my salary to the employer (Approx Rs 2.5Lacs).
What shall be the Tax treatment of the refunded amount? Will i be able to claim deduction from the Gross Salary? and if Yes, under which section?
Thanks
31 July 2019
Yes deduct it from gross salary. Ask your employer also reduce your salary in the TDS return filed by them and deduct TDS lesser amount.
31 July 2019
Form 16 has already been issued without the same being reflected on it.
Anyways, Thank you for replying to the querry.
Regards
Anyways, Thank you for replying to the querry.
Regards
31 July 2019
It can be revised make a request.
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