https://www.taxtmi.com/forum/issue?id=986 Whether recovery of notice pay salary by an employer may be treated as a deduction from the employee's salary is contested: one view treats such recovery as reflected in payroll/Form 16 and potentially reducing the salary figure, while another view characterises the recovery as a penalty for breach of contractual obligations and therefore not deductible in the employee's return. en-us Fri, 26 Dec 2008 10:43:44 +0530 Thu, 23 Jan 2025 15:58:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=986 Whether recovery of notice pay salary by an employer may be treated as a deduction from the employee's salary is contested: one view treats such recovery as reflected in payroll/Form 16 and potentially reducing the salary figure, while another view characterises the recovery as a penalty for breach of contractual obligations and therefore not deductible in the employee's return. Discussion-Forum Income Tax Fri, 26 Dec 2008 10:43:44 +0530 https://www.taxtmi.com/forum/issue?id=986