Income tax adjustment

Sir,
Some excess payment pertaining to previous financial years have been recovered from an employee in the current financial year 2015-16. The individual has paid Income tax on that earning in the previous financial year. So, can we deduct the total recovered amount from the gross salary of the current financial year to compensate the income tax paid ? If not, what is the way out to get the refund of the income tax paid in the previous financial year ?
I shall be grateful if somebody give the proper answer.
Thanking You.
With regards,
Pradip Kr. Saha

 
Replies (1)

Dear Pradip,

Please Note,

Deduct the Excess Payment made by you. Because you will be providing the Form 16 to him. based on this he will file the returns. So, Deduct the extra amount you paid.

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 17 August 2026
Article Assistant

K R Kiran Kumar & Associates

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

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

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details