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Negative income

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 April 2013 my total income for the FY 2012-13 is approx 3,50,000 completely from salary. during month of Aug 2012, I resigned from the service of my former employer i.e. a PSU and as per terms of employment, I had deposited 1.50,000/- as bond amount. My query is that whether I can claim this amount as a negative income as a loss in salary for purpose of calculating total taxable income. whether any provision is available under the law.
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CA.Sourabh Sethia

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CA.Sourabh Sethia (Expert)
09 April 2013 no you can't claim this amount as deduction from salary

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