Notice period recovery
SHASHANK SHEKHAR DASH
(Querist) 11 August 2013
This query is : Resolved
Pl clarify whether notice period recovery csn be part of assessable income in form no 16.
R.K Nanda
(Expert) 11 August 2013
contact tax lawyer.
SHASHANK SHEKHAR DASH
(Querist) 11 August 2013
I would like to have a reply in this forum. In any case I will be taking help of a professional , before that I need clarity.
Kuummaar AS
(Expert) 12 August 2013
Go to link
http://www.caclubindia.com/experts/notice-period-recovery-by-employer-and-form-16-treatment-426420.asp
Raj Kumar Makkad
(Expert) 19 August 2013
Notice period recovery amount is part of salary hence the same is assessable for the purpose of computation of income tax.