Buyout reimbursement

Tax queries 469 views 1 replies

Is notice period buyout reimbursement taxable??

If yes, how much that means any % is there or total amount of reimbursement is taxable.

Sir/madam...Please answer my question 

Replies (1)

Hi, notice period buyout is taxable logically is not taxable.  Since, it is paid from your pocket and the amount is reimbursed by the new employer.  Logically, you have not earned any amount from that, so, I think it is not taxable.  Thank you.


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