I had left a company in December 2023. While leaving I returned the joining bonus which I received in October 2023. The company did not reflect the returned amount in Form 16. Can anyone explain the process to claim back the tax deducted on bonus.
I had left a company in December 2023. While leaving I returned the joining bonus which I received in October 2023. The company did not reflect the returned amount in Form 16. Can anyone explain the process to claim back the tax deducted on bonus.
Case Law: Income Tax Appellate Tribunal – Chennai, S.S.N.Ravi, Chennai vs Assessee on 6 May 2016 I.T.A. No.933/Mds/2015. Assessment year: 2008-2009
TDS is deducted on sign-on bonus by the employer while paying the sign-on bonus to the employee. However, at the time of returning this sign-on bonus, no refund of TDS can be claimed by the employee.
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