I have joined my current company in January 2016 and they gave me a joining bonus of 2 Lakhs. When they paid the joning bonus as part of my salary, they deducted tax (TDS). So I got only around 1.6 Lakhs at hand as part of joining bonus after tax.
In the offer letter, it was mentioned that if I resign before a year, then the joining bonus of 2 Lakhs will be deducted.
Now I had to resign due to domestic reasons.
They are saying they will deduct the whole 2 Lakhs of joining bonus and not 1.6 lakhs. While they have paid tax to the government, I want to know whether they can deduct the whole of 2 lakhs or they should deduct only 1.6 lakhs (after tax).
My problem is that because the joining bonus was given in previous financial year (2015-16) and the deduction is done in this financial year, I am losing 40 thousand rupees.
Can you help on how to deal with it please?