banner_ad

Notice pay

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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..............
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
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.
Profile Image

CA Devender Chauhan

Profile Image

CA Devender Chauhan (Querist)
26 July 2011 thanx sir for ur answer
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details