Taxation for Lose in salary.

518 views 5 replies

Hi

I would like to know solution in following situation.

My company sent me to outside of India for deputation. My contract is as follow

1)      Company will not give me X amount of money (INR) from my salary.

2)      Company will give me Y amount of USD as NRI (Non Taxable).

3)      I have to pay Z amount of money (INR) to company, if I leave my company with in specific duration after I re-joined the company.

If I leave company without finishing time duration and if I pay Z amount of money to my company. Can I compensate that loss with my Indian salary or other income for that year and next year?

Replies (5)

 

Income tax on salary is payable on amount you earned during the period you can not claim this type of loss in your ITR with you income…

Can i force to my company add that loss in my Form 16 So i can have some relif in tax for that year.

you can not... you have to tax wat you earned....

You cannot claim that loss against your salary

its penlaty for non compliance of terms, and penalty is nowhere deductible.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details