I am currently serving my notice period at PwC AC. They had given out a retention bonus in march with the clause to return it in full if an employee leaves the firm any time before march 2023. Tax was deducted when the bonus was paid out but as per the HR the tax will not be adjusted when I pay back the entire amount. Has anyone faced a similar kind of issue and is there a way to claim tax rebate in ITR ?

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Posting as :
works at
You are currently posting as works at

How much retention bonus did you receive... I have been promised a retention bonus too but told to wait for a week before they tell me how much....

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What's your YOE ? will Lateral hire also get this retention bonus ? Or is it dependent on MC/TC.

You can't claim it back.
When you get it becomes your income
When you return it's penalty/expense (as a salaried person you can't adjust it).

If you can get adjusted with current year salary.. Tax adjustment may get knocked off...

How much retention bonus you got ?

Campus

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