Bonus recovered - taxes paid - itr help needed

Ideally your employer should have shown that as part of FORM-16. How you paid bonus amount back to company ? (Cash/Cheque/NEFT)

Do you have document of proof that they are recovering bonus amount which was paid to you ?

Thanks,

Tax Care India

https://www.taxcareindia.com

info @ taxcareindia.com
Hi CAClubIndia,

 

I need some help in filing IT returns.


I have received a bonus of Rs. One lakh from my employer in Sept'13.  I have paid taxes for the one lakh bonus (20% bracket = Rs.20,000). However, this bonus was recovered by employer in Apr'14. This return of money did not reflect in Form-16 because financial year closes in Mar'14.

I need help in preparing my returns in such a way that I receive refund of taxes relating to bonus recovered by employer?. I have not yet filed returns for FY-13-14. I have hired a consultant for this. He was filing my taxes just by reducing salary by one lakh. Is it the right thing to do?. Looking for expert advice.

Thanks