22 September 2012
If any employee pays any amount whcih has been written in the bond , then while computing the salary income , will the amount be allowed as deduction ?
24 September 2012
Ok thanx to you both , in one of my friend case what happened is , she was employed by a bank at the salary of Rs. 75000 per month . She worked there for 4 months.
After that she was transferred to mumbai.
She left the employement and had to pay Rs. 360000 as Bond amount.
Now she has earned Rs. 300000 bt had to pay Rs. 360000 . So is this Rs. 300000 taxable ?
CAclubindia
