In case of any amount paid to the previous employer as a notice period payment, can we take it as a benefit for deducting it from salary.
I think no such deduction is awailable. Am i right?
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whether Payment of Notice Period iis deductible from salary
Replies (2)
i think there is no such deduction
dear pandey,
Only possible deduction u/s salary is provided u/s 16 of the Act. Professional tax & Entertainment allowance for govt employees are the only possible deduction. therefor notice period is not allowable as ded from salary.
Kanti Jain
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