In my company, there is a notice period of 3 months and if any employee leaves before that notice period, he/she has to pay the amount for that duration to the company. I would like to know how the tax is applied on that.
Whether this amount paid to the company will be deducted from annual salary and will be exempted from tax in INDIA.
If employee leaves without permissin of employer, then can employer take action against him/her?
Is it possible to take leave during that notice period, and get relieved after 3 months ?
2007-02-10
16:48:35
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3 answers
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asked by
Pradeep
1
in
Business & Finance
➔ Taxes
➔ India