Payment of bond amount while quitting job.

Swati (CA) (76 Points)

28 December 2007  

 I am under a bond with my employer for 2 years. The bond amount is 50000 which shall be recovered from as training cost incurred by the company if I decide to terminate my services with the company. Please advice if I can claim this as deduction under any section.

 

Regards

Swati