We processed FNF in Jun, where we booked bonus of Rs. 7253/- & deduct Rs.9230/- towards the Notice Period (Net Recovery of Rs. 1977/-). Subsequently, as per order from labour commissioner we reimburse RS.4500/- from the deducted Notice Period amount.
Is Rs. 4500/- to be treated as income.
As per employee it is comes under Profit in Lieu of Salary u/s 17(3) as we are not in mind to reimbursed it and it is legally earned by him.
Please guide us.
From India, Ahmedabad
Is Rs. 4500/- to be treated as income.
As per employee it is comes under Profit in Lieu of Salary u/s 17(3) as we are not in mind to reimbursed it and it is legally earned by him.
Please guide us.
From India, Ahmedabad
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Notice Period Extension Letter Format.doc