Bond amount paid at the time of resignation
This query is : Resolved
15 March 2012
Query:
Suppose Mr. x paid bond amount of Rs. 1 lac at the time of resignation from a company. Now whether it can be reduced from salary income at the time of calculation of tax liability of Mr. X?
Thanks in advance.
Suppose Mr. x paid bond amount of Rs. 1 lac at the time of resignation from a company. Now whether it can be reduced from salary income at the time of calculation of tax liability of Mr. X?
Thanks in advance.
31 July 2013
No exemption/deduction from salary since it is an application of the income.
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