FloatingHamster

Taxation headache on switching companies

I recently switched companies and had to refund the bonus component I received last FY to my previous company. Now that I've refunded it, is there any way to show my yearly salary as "Total salary - refunded amount" while filing for taxes for this FY next year? If so, how and what proofs are needed?

18mo ago

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SnoozyWaffle

Stealth18mo

You can show income as "Total salary - refunded amount"

anyways, you will have proof that that amount is refunded to previous org. so it should be fine

FloatingHamster

Stealth18mo

Thanks. This helps.

GroovyMarshmallow

Stealth18mo

There was no need to refund.

FloatingHamster

Stealth18mo

I think that would've caused issues in getting the relieving letter.

GroovyMarshmallow

Stealth18mo

No issues would’ve been caused. You earned that money and it was yours, always fight these companies no questions asked

TwirlyJellybean

Oracle18mo

ye I am interested in knowing this too. I will receive an X amount of bonus which I have to return all of, if I leave before 2 years. If I do end up leaving before 2 years how is the taxation going to work?

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