Hi
I was having a component in my salary which was paid for few months, due to change in project this component was supposed to be removed but I got paid for one more year. The HR realized this after 2 years and now the excess paid amount was getting deducted from my salary post tax. Due to this i am incurring the loss on tax that I already paid. I have no problem is the deduction, but the tax paid on that amount is lost. I informed the HR that was their mistake due to which I am losing the tax amount I paid. Pls. advice.
Thank you for your help.
From United States
I was having a component in my salary which was paid for few months, due to change in project this component was supposed to be removed but I got paid for one more year. The HR realized this after 2 years and now the excess paid amount was getting deducted from my salary post tax. Due to this i am incurring the loss on tax that I already paid. I have no problem is the deduction, but the tax paid on that amount is lost. I informed the HR that was their mistake due to which I am losing the tax amount I paid. Pls. advice.
Thank you for your help.
From United States
From your post, I could construe that you had enjoyed unqualified remuneration. Now, you are pained on the deduction of excess amount paid and enjoyed by you. You also state that you had paid tax on the unqualified amount. Now, you are losing the tax component alone. Is itn't?
Your location is mentioned as US. I am not aware of the US taxation procedure. If you are an Indian, better consult with a CA who may guide you for refund while filing the returns.
Pon
From India, Lucknow
604Your location is mentioned as US. I am not aware of the US taxation procedure. If you are an Indian, better consult with a CA who may guide you for refund while filing the returns.
Pon
From India, Lucknow
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Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
P-TAX.csv