Salary repay to employer for shotr notice period

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Dear Guru's

If Employee repay the salary to Employer for short Notice Period compensation,

How to calculate the Income tax workings for that Compensation amount.

Compensation will reflect in Form 16

Kindly advice me.

 

Thanks in advance

Replies (3)

Please modify (remove blue colour). Can't read.

Thanks

Dear Guru's If Employee repay the salary to Employer for short Notice Period compensation, How to calculate the Income tax workings for that Compensation amount. Compensation will reflect in Form 16 Kindly advice me. Thanks in advance:-)

It will be salary in lieu of profit all will be taxable and part of salary and taxable accordingly

 

Regd

Lovenish Bansal

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