I rec'd an amount as bonus from my company under heading R&R (Rewards & Recognition) in payslip. Now I'm leaving the company and expecting a claim from company on Bonus (retention bonus). I've never been asked to sign any kind of contract for this but due to bonus, company has deducted Income tax. And they want me to pay back entire amount. How valid would their claim on bonus would be? And if I repay, can I deduct the income TDS
Legally speaking the bonus is on past performance and I never heard any employer for a refund of bonus paid, whichever name they have given to past performance incentive. It depends on incentive, your capacity to repay, the relations you wish to maintain with your present and past employer, and finally the hurdles they may create for your relieving.
Ty Mr. Venu. I expect company to claim back bonus in my full n final settlement and claim of addition amount which I may have to pay. No where have they mentioned anything about this amount being a retention bonus and neither I was asked to sign any contract. Would I be able to demand my relieving letter?