Computation of Salary
This query is : Resolved
15 June 2007
My question is, what will be treatment of 'Notice Pay' paid to earlier employer. Whether it will deduct from the head of salary computation either it is recovered from current employer or not. Infact the notice pay recovered from the current employer has taken in computation of salary and for which period notice pay paid, the employee receive the salary and pay tax on that. In my opinion the ' Notice Pay' Paid should be deduct from salary.
CA. Mahesh Kedia
CA. Mahesh Kedia
08 August 2007
I think it is to be deducted from salary.
Any sum received from employer(Net) may be including that Notice Pay also.
Any sum received from employer(Net) may be including that Notice Pay also.
17 July 2012
deducted from your salary
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