TDS calculation on notice pay recovery
This query is : Resolved
12 December 2024
If an employee has worked and received salary for 5 months and then due to non serving of notice period, he had to pay notice pay recovery for 2 months to the company, what will be the taxable amount 3 month salary or 5 month salary?
Any provision regarding this in income tax act or rules?
Any provision regarding this in income tax act or rules?
12 December 2024
Employer has to deduct five months salary.
12 December 2024
In our case 5 months salary was 10 lakhs and out of that two months notice pay got deducted and net 3 months pay was received from employer. Still tax to be deducted on entire 5 months salary?
Also anything mentioned in act about the same, I could not find anything?
Also anything mentioned in act about the same, I could not find anything?
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