Revised Income tax return

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  1. Shriram Bejalwar

    Shriram Bejalwar New Member

    I retired from a Public sector bank on 30th April 2013 and has been getting monthly pension from my ex-employer ever since. Recently on account of wage revision of bank employees made with effect from 1.11.2012, my pension was revised with effect from 1st May 2013, but overall there has been a recovery of Rs. 1.12 lacs made from me spanning the three Financial years, i.e. FY 13-14, FY 14-15 and FY 15-16. The recovery was made before 31st March 2016.

    My Income tax assessment for the FY 13-14 and FY 14-15 is already completed. My ex-employer is ready to give a certificate showing the recoveries separately for each Financial year, but obviously Form 16 of these years cannot be amended and reissued.
    1) Can I file revised Income tax returns for the FY 13-14 and FY 14-15 ? If yes, by which date?
    2) If yes, how and where to show the recoveries? I can reduce the amount of "Gross Pension" for the year, but then it will not tally with the amount shown in Form 16.
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