Nature of payment made to ex-employee through court settleme
This query is : Resolved
14 January 2018
Dear All
One of our employee left in 2010 in VRS.
In 2012 company paid increment effective 2010 with arrear to all employees.
The left employee filed a case that he should
also be paid arrear.
Now the case is settled amicably by both the parties out if the court. A lumpsum amount is paid to that employee and he withdrew the case from court.
In which salary head we should book this exp.
If Tax is deducted by giving him slab benefit, is it okay.?
Regards
Puru
One of our employee left in 2010 in VRS.
In 2012 company paid increment effective 2010 with arrear to all employees.
The left employee filed a case that he should
also be paid arrear.
Now the case is settled amicably by both the parties out if the court. A lumpsum amount is paid to that employee and he withdrew the case from court.
In which salary head we should book this exp.
If Tax is deducted by giving him slab benefit, is it okay.?
Regards
Puru
14 January 2018
Salary arrears is to be considered under the head income from salary u/s 89 can be considered.
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