Notice pay on Salary
This query is : Resolved
04 March 2010
I received the salary for 6 months after that i joined the new co giving the notice to the old co. The old co. charged from me one month notice pay salary, which i paid to the co. The TDS certificate issued by the old co. is for six months salary not deducting any amount i paid as notice pay salay. my question is
1. while filing my income tax return whether i show salary after deducting the notice pay salary.
2. if no, in which head i show the notice pay salary as deduction.
3. whether the old co. should revised the salary certificate incorporating the notice pay salary deduction and revised its tds return.
1. while filing my income tax return whether i show salary after deducting the notice pay salary.
2. if no, in which head i show the notice pay salary as deduction.
3. whether the old co. should revised the salary certificate incorporating the notice pay salary deduction and revised its tds return.
04 March 2010
In my view, Notice pay cannot be considered as deduction.
The salary as income is to be considered at gross level only.
The salary as income is to be considered at gross level only.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Banking Related Issue
- Traces submitting correction statement error
- ITR-Capital Gain
- ITR-3 File/Error Found
- Rent claimed on building given on permissive possession basis
- IT returns for fresh job holders
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
