Receipts from employer as contract termination notice pay
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2011
If Employee is terminated by Company without giving advance notice to him in this regards and for that they pay Contract Termination Notice Pay, then is that amt is taxable as Salary. If it is taxable then is there any deduction we can show to that amount or that amt will be fully taxable?
08 August 2011
Salary received on termination will be fully taxable, no deduction or exemption in this
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