query on salary income
This query is : Resolved
07 November 2008
wat does SALARY IN LIEU OF NOTICE mean??????
07 November 2008
Salary for the notice period.
07 November 2008
In the present day situation, the trouble of interpreting the term will not come as it is very clear in dealing such situations. The notice period one of the conditionalities for getting a job. If the employee given an advance notice of three months, he has to work for that much period, or compensate the shortage of days through payment thereof. However, in the interest of the organisation/establishment, it would be better to retain the employee till his time of leaving as per the notice period so that the firm can make alternate arrangement to substitute the person with equally qualified and experienced one. But if the employee who desires to be relieved earlier by making compensation for the shortage of notice period, it would be better to release the person at the earliest as his/her presence in the organisation/establishment will not contribute anything good.
In the engagement letter (or in contract) itself, it should be clearly be made the conditionalities of service, so that any such eventualities should be dealt with the contract.
In the engagement letter (or in contract) itself, it should be clearly be made the conditionalities of service, so that any such eventualities should be dealt with the contract.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
CAclubindia
