hello sir, if an employee has a recovery in full & final settlement, does form 16 will contain negative salary? and if not then what proofs need to submit while filling income tax return along with form 16?
1 Answers
Payment due to shortfall in serving notice period is an expense and deduction is not available for it.
Its a penalty imposed by the employer for not serving notice period. In Income tax no exemption or deduction is allowed for penalty.
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