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Notice pay recovery

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(Querist)
12 August 2009 What is the taxability of notice pay recovery at the time of settlement of an employee?
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Venkat Rao Marella

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Venkat Rao Marella (Expert)
12 August 2009 Notice pay recovered from employees at the time of exit is taxable as other income in the employers hands.

Other Members can correct me if i am wrong.

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