For the FY 2024-2025 Gross Salary of Rs.15,00,000/- has been received and liable TDS deducted from Salary. Due to wrong calculation an amount of Rs.2,00,00/- extra amount has been given in the Salary (Actual Salary 13,00,000/-) . In present finacial year employer informed about recovery of Extra given Rs.2,00,000/-. What will be tax treatment for this. As i already paid tax on 15,00,000/-.
Get it adjusted against current year salary. Refund for extra paid salary in FY 24-25 wouls not be available.
Employer informed that, recovery will be done like other deductions like personal loan deduction, epf deduction etc,. How can I get tax exemption for this year.
As time to file revised return is over, no other option except employer deducts it from the current salary.
SMJ global advisors pvt ltd
New Delhi
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