Hi,
I got 3L bonus from my employer last year and since I was in bracket of 30% tax slab, I paid almost 90K tax and enjoyed only 2.1L as my real bonus.
But when i get resigned this year, my employer asked back my 3L bonus and I have no other income too. So, Can I get my 90K in this situation while filing ITR this year ?
If so, how should I get it ?
If not, What else best opinion do you give for this situation ?
As per your stated situation, you will not be able to get your ₹90K back from income tax as it’s already paid as a tax.
At most, you can ask your employer if the tax has already been deducted from a particular bonus.
Can we file revised ITR for last year and will it give any solution to get back my 90K ?
Filing a revised ITR for last FY is not possible at this time, as the due date for revising returns has already passed. However, you may consider filing an ITR U (updated return), although it may not be relevant to your situation as it would not make you eligible for any refund or tax benefits.
Hence, as per the Act, you will not be able to get back ₹90,000 from Income Tax Department.
Thank you for the quick reply !