Poonawalla fincorp
Poonawalla fincorp

Receipts from employer as contract termination notice pay

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
08 August 2011 If Employee is terminated by Company without giving advance notice to him in this regards and for that they pay Contract Termination Notice Pay, then is that amt is taxable as Salary. If it is taxable then is there any deduction we can show to that amount or that amt will be fully taxable?
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
08 August 2011 Salary received on termination will be fully taxable, no deduction or exemption in this

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links