https://www.taxtmi.com/forum/issue?id=5159 Notice pay paid to a previous employer or reimbursed by a current employer is treated in substance as a surrender of salary and therefore prima facie taxable as salary income. If the previous employer deducts or reflects the amount in the salary documentation provided to the employee, further tax issues are unlikely; otherwise taxability depends on the employment terms, and the assessing officer will generally not exclude notice pay from salary income. en-us Wed, 09 Jan 2013 12:36:42 +0530 Thu, 23 Jan 2025 15:57:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5159 Notice pay paid to a previous employer or reimbursed by a current employer is treated in substance as a surrender of salary and therefore prima facie taxable as salary income. If the previous employer deducts or reflects the amount in the salary documentation provided to the employee, further tax issues are unlikely; otherwise taxability depends on the employment terms, and the assessing officer will generally not exclude notice pay from salary income. Discussion-Forum Income Tax Wed, 09 Jan 2013 12:36:42 +0530 https://www.taxtmi.com/forum/issue?id=5159