Deduction towards Short Notice Period of Leave

N Srinivas (Service) (33 Points)

24 August 2007  

Sir,

In the Month of January, 07,  I resigned from a Central Govt PSU and joined a Pvt Company.  My ex-Company stipluates 90 days as Notice Period for Resignation. Since, there was shortage in Notice Period, I had to make payment of about Rs.55,000/- before getting relieved.  I have made the payment (through a single Cheque) along with my other outstanding loans with the Company, in January, 07.

 

My question is, please clarify the following; 

 

- can I reduce this amount deducted for Short Notice Period (Rs.55,000/-) from my taxable salary while filing returns, as my actual Salary received during 2006-07 is less by this amount..?

 

- However, to avoid delay in IT Filing, I have already filed return without reduction in my CTC. If I am eligible for reducing this from Taxable Salary, then can I file a Revised IT Return to claim the refund..? 

 

 Thanks & Regards,

 

N Srinivas