Notice period pay

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..... Notice period pay
Query (Issue) Started By: - Mukund Honkan Dated:- 17-8-2016 Last Reply Date:- 17-8-2016 Income Tax
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Income Tax
If employer recovers notice period pay whether .....

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..... it should be deducted from Salary for Income tax purpose, pl let me know with supportings case laws/circulars thanks Mukund M Honkan Reply By Ganeshan Kalyani: The Reply: Sir, when an employee resig .....

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..... ns, his Full and Final Settlement includes various elements of amount to be paid by company to employee. If the employee is not serving the agreed notice period then the employee is supposed to pay t .....

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..... o the company the salary of those uncompleted number of months of notice period. Here the company while settling F&F deducts the notice pay recovery amount and the income goes down by that amount. Thi .....

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..... s also gets reflected in Form 16. Thus the benefit is received by the employee for the payment made toward notice pay recovery. This is my view. Thanks
Discussion Forum - Knowledge Sharing .....

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