Income Tax liability on net of Notice period deduction

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..... Income Tax liability on net of Notice period deduction
Query (Issue) Started By: - Pradeep Jain Dated:- 30-3-2013 Last Reply Date:- 30-3-2013 Income Tax
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Income Tax
Sir, We ha .....

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..... ve deducted Notice period amount from the employee who had not given the notice before leaving the company. Now we wish to know that Income tax would be deducted on his taxable salary or after deduct .....

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..... ing the notice period amount from his salary. Early action is highly appreciated. Best Regards Pradeep Jain Reply By CS Swati Dodhi: The Reply: Supreme Court in the case of Commissioner Of Income .....

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..... -Tax, West Bengal II Versus Kalyanji Mavji And Co. [1980 (1) TMI 87 - SUPREME COURT] held that notice pay is taxable in the year of receipt. Yes tax will be deducted after deducting notice pay.
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..... Discussion Forum - Knowledge Sharing .....

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