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Taxation on Salary: Only Actual Salary After Notice Pay Deductions is Taxable u/s 16 of Income Tax Act.

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....Amount received after deducting Notice pay - whether liable to be taxed under the head "Salary" u/s. 16? - this is a case of recovery of the salary which is already made to the assessee - the actual salary received by the assessee is only taxable - AT....

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