Relief against advance salary received in case of medical em
This query is : Resolved
HEMANT MISHRA
(Querist)
09 May 2018
Hi Expert,
Company has asked employee to leave organisation. But at the time his/her family was facing medical issue so company has decided to give 5 months salary with his/her Full n final and applicable taxes deducted by the employer.
Date of joining - 1.4.2017
Last date - 28.02.2018
In full n final salary was till July 2018.
So is there any way to claim some relief while filing income tax return for FY 2017-18. As I mentioned. five months advance salary was given with his/her full n final in case of medical emergency.
Regards
Hemant
Company has asked employee to leave organisation. But at the time his/her family was facing medical issue so company has decided to give 5 months salary with his/her Full n final and applicable taxes deducted by the employer.
Date of joining - 1.4.2017
Last date - 28.02.2018
In full n final salary was till July 2018.
So is there any way to claim some relief while filing income tax return for FY 2017-18. As I mentioned. five months advance salary was given with his/her full n final in case of medical emergency.
Regards
Hemant
CA PARAS BAFNA
(Expert)
09 May 2018
There is no relief available in this case as the salary received in advance is also taxable in the year of receipt.
CA PARAS BAFNA
(Expert)
09 May 2018
There is no relief available in this case as the salary received even in advance is also taxable in the year of receipt. In this case, the salary received from the employer is salary upto 28.02.2018 and taxable. However, you may refer Section 80DDB
for medical benefits available, if any.
for medical benefits available, if any.
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