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?
FancyChino64
Stealth
a year ago
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
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?
Discover More
Curated from across