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Notice pay salary

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(Querist)
30 June 2014 From the income tax point of view Notice period salary paid to employee is to be shown as income or to be deduct from salary & wages account.
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Rupesh Jain

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Rupesh Jain (Expert)
30 June 2014 if pay by the company then it is exp. for that.

if company received from the employee then you show as indirect income or adj with wages a/c
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Guest

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Guest (Expert)
30 June 2014 for company

if paid then it would be part of salary paid

if recd it would be adjsuted from salary paid


for employee

if received

will be treated as salary income

if paid

no adujustement will be done
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
30 June 2014 if paid then forms part of salary.....................
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mita m dandavate

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mita m dandavate (Querist)
01 July 2014 Thanks & regards to all.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
01 July 2014 you are welcome mita

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