I opted to buyout the notice period. So, will this amount be deducted from my taxable income by prev organisation?
Since, this amount is reimbursed by my new organisation they have deducted the respective tax from my account.

like
Posting as :
works at
You are currently posting as works at

No, there's no provision to claim this deduction for reducing your taxable income. You got some salary and you used it to buy something which is your notice period in this case.

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