Hello Friends
Can you please let me know treatment for reimbursement done to en employees towards buyout of notice period from his previous employer?
Recently we had Reimbursed one of our employee towards buyout of notice period from his previous employer
will this be a Taxable in hand of employee?
Thanks a lot in advance for your kind help

From United States, Atlanta
Any amount paid to an employee will be taxable in the hands of the employee. I am not confident about any treatment of an expenditure (if he had paid notice pay to the employer, that would certainly be an expenditure for him) by an individual (a salaried person)
Madhu.T.K

From India, Kannur
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