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Computation of Salary

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(Querist)
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
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CA Mani

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CA Mani (Expert)
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.
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CA BHARATH KUMAR

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CA BHARATH KUMAR (Expert)
17 July 2012 deducted from your salary
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