Tax on Notice Pay Reimbursemnet
This query is : Resolved
01 January 2009
My company has deducted tax on notice pay that I had to pay to my previous employer. Kindly advise whether such tax is to be borne by the employer or the empoyee.And under which section such tax has been deducted.
Regards
Amitabh
Regards
Amitabh
02 January 2009
That amount is fully taxable in your hands. And you need to bear the tax liability.
03 January 2009
Salary paid to u for reiumbersement of Ex employer is taxed correctly by present employer.U /S 192 this is for current employer to deduct.If u feel it's over/Excess get this adjusted by providing deduction/Exemption claims & compution Other wise in return claim this,
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Banking Related Issue
- ASMT-10 received from A O
- ITR-3 File/Error Found
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Difff in ais receipts and gst turnover
- Gst on travel by air for business purposes
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
