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 the labour commissioner, we reimbursed RS.4500/- from the deducted Notice Period amount.
Is Rs. 4500/葉o be treated as income? As per the employee, it comes under Profit in Lieu of Salary u/s 17(3) as we are not in mind to reimburse it and it is legally earned by him.
Please guide us.
From India, Ahmedabad
Is Rs. 4500/葉o be treated as income? As per the employee, it comes under Profit in Lieu of Salary u/s 17(3) as we are not in mind to reimburse it and it is legally earned by him.
Please guide us.
From India, Ahmedabad
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