New Delhi, May 31 -- I was paid Rs.10 lakh as a joining bonus, which I was required to refund if I left the employment within three years. The same was included in my form No. 16, and tax was deducted at source on this joining bonus amount. I decided to quit my employment before completing three years, and therefore had to refund the entire joining bonus amount. Can I claim the bonus refunded against my salary income?
Any amount received from the past or present employer is taxed under the head of salaries, and the employer is required to deduct the appropriate tax at the time of payment of the joining bonus.
So, the joining bonus you received was taxable in your hands as salary, and your employer correctly treated it as salary and dedu...
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