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.
Shiva (Employee) (21 Points)
12 May 2024I 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.
CA Aakarsh Jain
(CA)
(10429 Points)
Replied 13 May 2024
Nishant
(Assistant)
(1095 Points)
Replied 13 May 2024
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.
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 18 May 2024
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