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notice pay and tds

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(Querist)
04 August 2009 Hi

Pl revert for foll, post abolishment of FBT, what is effect on foll
- Co reimburses notice pay to employee.employee pays same to previous employer.
- co reimburses notice pay directly to previous employer

Whats are tax implications on same ? TDS to be deducted ? on basis of which section ? Pl revert

04 August 2009 This will added in the salary of the employee & TDS needs to be done as per income tax slab.





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