I was fined Rs 8,000 by my office for a non smoking rule, from my salary. Is it included for my tax ? They deducted it directly from my salary. Please help.
10 Replies
Pradeep Singh
(article)
(65 Points)
Replied 07 March 2012
yes, it is going to be part salary, as if salary once credited can not be waived
salary can only be waived to central goverment.
Radhika
(Self)
(25 Points)
Replied 07 March 2012
Hello,
It was never credited to my salary. I just received a lesser salary for the month. No receipt also. Could you please give me a relevant section or law so that i can stand up to my company's accounts office :)
Satish Makam
(Asst. Manager - Accounts)
(294 Points)
Replied 09 March 2012
for your specific point there is no specific laws and regulations.
When they dont pay, why can they credit to your account & give receipt.
what they did is correct.
These many friends are saying.
some times we have to observe with common sense.
CA Ghanshyam Joshi
(CA, Dip IFR (ACCA UK))
(3229 Points)
Replied 09 March 2012
Hello, You paid fine for breach of Rules and Regulations of your company.
You can not claim it as a deduction from your taxable income.
There is no specific section for allowing the fine as deduction from your total income.
ravibabu
(Auditor)
(26 Points)
Replied 09 March 2012
hi,
it is breach of rules and for these type of mistakes we should not do in the premises and we shold bare all these exps on owr own
Regards,
Ravibabu.M
jaimin shah
(Finance Manager)
(111 Points)
Replied 09 March 2012
Very true. can not claim as deduction.
Poonamchand Varma
( Student)
(204 Points)
Replied 11 March 2012
Yes !
Salary is chargable on "Due" or "Receipt" basis which ever is earlior.
Your total salary is chargable on due basis from your employer.
Your employer is imposed the penality for no smooking rule and get it deducted from your salary. You have short receipt of income.
It only application of your income earned.
As for as deduction are concorn , only that will be deducted from your salary income which is specified in section 16.
Thanks.
CA SACHIN VIJ
(Chartered Accountant)
(112 Points)
Replied 12 March 2012
payment of penalty not a deduction. Rs.8000/- is added to the total income.
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