Clarification on tax on notice pay deduction
This query is : Resolved
03 April 2012
I had recently changed job and my previous employer had deducted notice pay of Rs. 54000/- and had not deducted from taxable income in the Computation.
Further the new Company which had reimbursed the notice pay had also taxed the same in the computation.
I will be thankful if you can clarify whether the deduction made by my previous Company can be adjusted in the net taxable income or not ?
Further the new Company which had reimbursed the notice pay had also taxed the same in the computation.
I will be thankful if you can clarify whether the deduction made by my previous Company can be adjusted in the net taxable income or not ?
04 April 2012
While filing the return, reduce the income of the previous employer by the amount of notice pay.
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06 April 2012
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