Tax Liability on

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..... Tax Liability on
Query (Issue) Started By: - Rahul Bagaria Dated:- 9-1-2013 Last Reply Date:- 9-1-2013 Income Tax
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Income Tax
Hi My current employer has paid the "Notice Pay" .....

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..... to my previous employer. Wanted to know the tax liability status in the hands of the employee under 2 options: 1 .If the payment is directly made to the previous employer by the current employer 2. .....

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..... If the amount is paid directly to the employee to be by the current employer, which the employee will directly pay from his own pocket to his previous employer Will under both the circumstances, the .....

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..... employee will have to bear the tax liability. Thanks Reply By CA GOPALJI AGRAWAL: The Reply: Though it is not the real income but somewhat in the nature of surrender of salary. If the previous empl .....

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..... oyer deduct the same in salary paid - form 16 then no further probelm would arise otherwise the taxability would depend upon the term of employment and AO would generally not exclude notice pay from s .....

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..... alary income.
Discussion Forum - Knowledge Sharing .....

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