Need help calculating income tax by including negative incom

Hello all,

I need help filing ITR for a weird case.

I'm a salaried employee and my case is as described below.

Joined company A on March, 2013. Received joining bonus and allowances and paid tax for the same for FY2012-13.

Worked with company A for 3 months (April to June). Since I left the company within 6 months I need to repay joining bonus and allowances. But I've paid tax for them already in the previous financial year and now this money has been reduced from my salary in the form 16 given by A. 

As per the form 16 given by company A below are the details.

Tax deducted : 8328 (for the salary received between April to June around 104222.00)

Salary              : -65238 (104222 (salary) - 169460(bonus and allowances))

Worked with company B and below are the form 16 details.

Salary : 745604

Tax deducted : 74576

 

My query is : Is there a way I can claim back the lost tax I paid for bonus and allowances when working with company A?

Please help me on this regard and let me know if any more details are needed.

 

Thanks in advance!

 

 

 

Replies (2)

The tax paid earlier can not be reversed, and nothing can be done in 12-13.

 

As per the information provided by you, for the month of April to June,

In your Income tax return you can show your salry as on net basis (as reduced by the amount recovered by the employer), and take refund of TDS deducted by the employer.

just file your return on actual basis u can claim refund on same if your tax payable is less than what your TDS deducted... 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
13 July 2026
AVP / VP - PCG Advisory

Workforce Connect

Mumbai

MBA

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
29 July 2026
ACCOUNTANT

ONESTEP GST SOLUTION

New Delhi

B.Com

View Details
Company
31 July 2026
Senior Accountant - Bunia, Democratic Republic of Congo

AD GLOBAL LTD

Mumbai

B.Com

View Details
Company
Featured 02 August 2026
Accounts Executive

Aashok F&C Advisory

Guwahati

CA

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 23 July 2026
Article

Gianender & Associates

New Delhi

CA Inter

View Details
Follow