Notice pay salary
This query is : Resolved
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.
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
if company received from the employee then you show as indirect income or adj with wages a/c
Guest
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
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
30 June 2014
if paid then forms part of salary.....................
01 July 2014
Thanks & regards to all.
01 July 2014
you are welcome mita
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