CCI Online Learning
What do you want to learn today?

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Salary query

Tax treatment of bond amount paid by employer to employee My client paid bond amount to employer Rs 300000 now he want to claim such Rs 300000 as deduction from salary can he do so if yes please send me judgement and also mention legal case of the same so I can understand properly

There is no deduction available under the Income Tax Act.
The only thing he can do is, ask their employer to show less salary paid in Form 16 by Rs. 300000. So that TDS will not be deducted on Rs. 300000

No such deduction available under the law... Better option is to adjust the amt at soirce and show adjusted salary in form 16

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Trending Tags
GST Live Class    |    x