Notice Pay

CA Devender Chauhan (Group Financial Accountant)   (1526 Points)

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..............