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Employee buy out option

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 July 2013 One of our employee takes the buy out option for one month while relieving now he is asking for Form16 So, shall we considered that one month salary as his earnings?.

Please clarify..
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
29 July 2013 yes, as even for one month if tds from his salary is deducted then form 16 validly downloaded from traces website must be issued to such employee as its required by him for his income tax filling and future tax purpose.
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