Income tax
This query is : Resolved
RAJESH VERMA
(Querist)
05 March 2014
AN CENTRAL GOVT. EMPLOYEE AT THE TIME OF LEAVING HIS JOB PAID TO EMPLOYER ONE MONTH'S SALARY AND BOND AMOUNT, AS PER HIS TERM OF EMPLOYMENT. WHETHER THE SALARY AMOUNT AND BOND AMOUNT PAID BY HIM WILL BE DEDUCTED FROM HIS GROSS SALARY INCOME.WHETER BOND AMOUNT PAID BY EMPLOYEE TO HIS EMPLOYER IS ALLOWABLE AS DEDUCTION FORM SALARY INCOME.
06 March 2014
Hi Rajesh,
There shall be no deduction allowed on this amount....!!!!!
As it private placement of money for breach of contract
There shall be no deduction allowed on this amount....!!!!!
As it private placement of money for breach of contract
Message likes :
1 times
Rupesh Jain
(Expert)
10 March 2014
no deduction allowed in income tax.
Message likes :
1 times
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