20 November 2008
A EMployee is paid bonus of Rs.2 Lakhs in the month of Septmber 2008. The bonus paid is with a condition that if the employee leaves company before 1 year i.e. before say 30.11.2009 then he will have to return the bonus amount.
Suppose employee leaves the company before one year then whether this compensation paid will can be claimed as deduction from Salary income or else otherwise how to claim this as deduction?
22 November 2008
Payment of 200,000 will be taxable in the hands of Employee.Same when this is deducted at the time of F & F settlement only net payment will be taxable,
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