Sir,
How should notice perriod recovery be treated in Form No 16. The employer has recovered 30 days salary.
My contention is that since earning has not been passed to the employee, the same should not be part of gross earning. It is not fair to pay income tax on some amount which you have not earned. Please cite case laws. In case the amount is shown in assessable income, can one claim any benefit/ relaxation for this THIS NOTICE PERIOD RECOVERY AMOUNT at the time of filing IT return.
Regds
Shashank
