Taxation for Lose in salary.

shailesh (ABCD) (42 Points)

08 April 2011  

Hi

I would like to know solution in following situation.

My company sent me to outside of India for deputation. My contract is as follow

1)      Company will not give me X amount of money (INR) from my salary.

2)      Company will give me Y amount of USD as NRI (Non Taxable).

3)      I have to pay Z amount of money (INR) to company, if I leave my company with in specific duration after I re-joined the company.

If I leave company without finishing time duration and if I pay Z amount of money to my company. Can I compensate that loss with my Indian salary or other income for that year and next year?