Bonus recd in 22-22 recovered in 22-23

Dear Sir, Bonus of Rs 2.5lakh recd in 21-22 recovered in 22-23 by employer for resignation in bond period. Recovery not shown in form16, instead a certificate issued saying "....2.5L recovered & income of 22-23 will be reduced by that amount."
How the return can be filled to get refund of excess tax deducted.
Replies (3)
Quick Summary
This discussion addresses a complex tax situation where a bonus received in one financial year was repaid in the next due to employer bond conditions. The core issue is how to claim a refund for Tax Deducted at Source (TDS) that was already paid to the government, even though the bonus income was effectively reversed. While one user points to a tribunal case suggesting refunds for such TDS might not be claimable, another user clarifies that the TDS has already been deducted and paid, implying a refund should be possible via the individual's Income Tax Return (ITR).

Hi Tapan

One such case was filed with the Income-tax appealte tribunal - S.S.N. Ravi, Chennai vs Assessee on 6th May 2016 I.T.A. No. 933/Mds/2015 for A.Y 2008-09.

Key Takeaways from this case:

Sign-on bonus refunded to the previous employer can not be reduced from taxable salary.

Refund for TDS deducted by the previous employer at the time of returning the sign-on bonus can not be claimed.
Aakarsh, TDS already deducted on sign -on bonus and was credited into the govt. account from the salary. Amount of Bonus was refunded but the tds is already deducted and credited into govt. account. He should claim the refund in its itr
I am confused!

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details