Taxation-notice pay recovery

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..... Taxation-notice pay recovery
Query (Issue) Started By: - Lekh Sood Dated:- 12-12-2014 Last Reply Date:- 16-1-2016 Income Tax
Got 1 Reply
Income Tax
I resigned from the company and ₹ .....

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..... 2,00,000 was payable to me on account of salary and leave encashment.The company also deducted ₹ 50,000 as notice pay recovery.The company is deducting TDS on rs. 2 lakhs and not reducing my in .....

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..... come to ₹ 1..50 lakhs.Is the stand of the company correct? I will get ₹ 50,000 from current employer as agreed at the time of joining that any notice pay deducted by the previous company .....

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..... shall be reimbursed by the current employer.Can I request the current employer to not to tax this 50,000 as it has already been taxed for the purpose of TDS. Reply By MARIAPPAN GOVINDARAJAN: The Repl .....

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..... y: I hope that you would have got clarified in the above issue. If not please inform.
Discussion Forum - Knowledge Sharing .....

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