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Deductibility of excess salary paid in earler years from this years income
a sum of rs.2.34 lacs has been recovered from my taxable salary paid in fy 20-21. the deduction was on account of excess salary paid in earler years arising out of error in computing salary consequent to sixth pay commission recommendation
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The recovered excess salary is typically deducted from your current year's taxable income. Ensure your employer provides an official breakdown of this recovery. If you face a tax disadvantage due to the timing of this recovery, you should consult with a tax professional regarding potential adjustments or relief.
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