Tax Liability on

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Hi My current employer has paid the "Notice Pay" 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 t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... o the previous employer by the current employer 2. 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 previ .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ous employer Will under both the circumstances, the 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... in the nature of surrender of salary. If the previous employer deduct the same in salary paid - form 16 then no further probelm would arise otherwise the taxability would depend upon the term of em .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ployment and AO would generally not exclude notice pay from salary income. - Tax Liability on - Query Started By: - Rahul Bagaria Dated:- 9-1-2013 Income Tax - Got 1 Reply - Income Tax - Discussio .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X