Recovery of salary by employer for short notice period

Tax queries 59 views 1 replies

I left job in March 2025.  My employer did not pay me salary of March 2025, rather it recovered 1,50,000 from my savings account in March 2025 for short period of notice given by me.

This 1,50,000 recovery is not adjusted by my employer in financial year 2024-25.  In form 24q, they showed only salary paid to me in fy 2024-25 and no deduction of this recovery of salary is made,  from salary already paid to me in said financial year while submitting form 24q for March 2025 quarter.

Whether my employer is correct, if not what to do to rectify it. My tax liability is increased substantially if no recognition is given to this recovery of salary.

 

Replies (1)

contact your employer and request them to adjust the recovery of Rs.1,50,000 in financial year 2024-25. 2. File a revised form 24Q, 3. check the form 16 to ensure that the recovery of salary is reflected correctly. 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register