If the company deducts recovery amount from the salary. Will employees need to pay tax on the amount or that is adjusted in form 16 by the employer?
Saket Anand (1 Points)
14 June 2024If the company deducts recovery amount from the salary. Will employees need to pay tax on the amount or that is adjusted in form 16 by the employer?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166722 Points)
Replied 15 June 2024
Tax on salary amount reduced for the damage is also required to be paid.
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