Notice pay

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CA Devender Chauhan (Querist)
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23 July 2011 Did the notice pay recovered from employee for not serving the notice period is deducted from the salary paid to them.

What is the treatment for that while filing tds return of the employee.

I think it should be treated as income of the organisation & it has nothing to do with the salary of the employee, but my seniors are not agree with me. plz explain..............

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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23 July 2011 My view also agree with your seniors, notice period pay is normal course of procedure in all the employer. while recovering the notice pay from the employee, need to be adjusted with the salary expenses, it is not an income to the company.

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CA Devender Chauhan

CA Devender Chauhan (Querist)
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26 July 2011 thanx sir for ur answer

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