Should employee bear the tax on the bonus which has been returned?

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#1

Hi,

Should signon bonus form part of taxable salary if its already returned it to the previous employer?

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#2
  • Sign on bonus refunded to previous employer cannot be reduced from taxable salary.
  • TDS is deducted on sign-on bonus by the employer while paying the sign-on bonus to the employee. However, at the time of returning this sign-on bonus, no refund of TDS can be claimed by the employee.
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