Treatment of notice pay
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 March 2013
Can Notice payment deducted from the total taxable salary while calculating tax. Notice which has been deducted in lieu of notice period short served. can we reduce notice pay from total salary payable.
07 March 2013
Notice period recovery is a penalty in nature and should not be adjusted with taxable salary of an emoloyes.
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