My previous employer deducted the notice pay and he didn't deducted that amount from the From 16. Now i need to pay tax for the amount which i have not earned. My current employer is not ready to reimburse the notice pay. Now i am in to huge loss.
The amount deducted by the previous employer, becomes the income of the company and it is my expense. So the amount towards notice pay should be deducted from the calculating the net salary.
If some one in this group could explain me in detail.
Regards
Ganesh
CAclubindia
