Salary Paid by Employee as compensation to company

no, he can not claim any deduction under the income tax

no, he can not claim any deduction under the income tax

Thanks and any more views are invited.....

Hi,

This is my Opinion and please correct me if i am wrong

When an employee gives salary it comes to forgoing of salary so it is taxable as per provision but if the same is surrender of salary then it is an application of an income so it allowed as deduction

Regards

Narayan

Hi

There is two sitituation:

First: If employee resigns from the duties and need to pay notice period then such salary is still be taxable for employee and no deduction is allowed.

Second: If employee is send on Secondment by an employer and by virtue of agreement of secondment employee has to give back earning for specified period then that can be calim as deduction or negative salary.

Thanks

Hemant

Originally posted by : tarkeshwar
	no, he can not claim any deduction under the income tax

It should be taxable unnder the head of salary of employee... cause forgone of salary is taxable..

It is not a surrender of salary..

Deduction can't be available to any one..