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
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
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.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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