dear all,
I would like to have your advise on the reimbursement of Notice period amount.
I have just taken up a new assignment in a retail company. while quieting my previous employer I was suppose to give 90 days notice to the company. As I could give only one month notice and therefore I had to pay Rs 48000/- to the company. My present employer agreed to pick up this cost.
Now when I have asking for reimbursement ofthe said amount my present employer is processing it through the payroll and therefore I have to pay substantial tax on it.
My query:
1. Is the current practice adopted by my present employer correct, if not what is the alternatives available.
2. present employer is asking for any legal opinion for processing this amount outside the payroll.
Kindly hep
Regards,
Sandeep Singh
I would like to have your advise on the reimbursement of Notice period amount.
I have just taken up a new assignment in a retail company. while quieting my previous employer I was suppose to give 90 days notice to the company. As I could give only one month notice and therefore I had to pay Rs 48000/- to the company. My present employer agreed to pick up this cost.
Now when I have asking for reimbursement ofthe said amount my present employer is processing it through the payroll and therefore I have to pay substantial tax on it.
My query:
1. Is the current practice adopted by my present employer correct, if not what is the alternatives available.
2. present employer is asking for any legal opinion for processing this amount outside the payroll.
Kindly hep
Regards,
Sandeep Singh