TDS refund on return of retention bonus
This query is : Resolved
Tamil Selvan
(Querist)
27 July 2021
Hi everyone,
Hope everyone is safe during the pandemic. I had been employed in a company that paid me retention bonus of 2 lakhs in 2 installments
1. 1lakh in FY 2019-2020.
2. 1lakh in FY 2020-2021.
Since I had left the company in 2020 itself I had to return the retention bonus back in full amount. How do I get the refund on TDS for the retention bonus?
The company has not mentioned the deduction in form-16 but they have mentioned it in FFS under the category of deductions. Can I adjust this amount in TDS page of ITR website with the FFS as a proof?
Hope everyone is safe during the pandemic. I had been employed in a company that paid me retention bonus of 2 lakhs in 2 installments
1. 1lakh in FY 2019-2020.
2. 1lakh in FY 2020-2021.
Since I had left the company in 2020 itself I had to return the retention bonus back in full amount. How do I get the refund on TDS for the retention bonus?
The company has not mentioned the deduction in form-16 but they have mentioned it in FFS under the category of deductions. Can I adjust this amount in TDS page of ITR website with the FFS as a proof?
CA R SEETHARAMAN
(Expert)
27 July 2021
You can't adjust in TDS page reduce final settlement amount where it's shown in form 16.
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