QUESTION

Dear HR Community,

I have questions about compensation in lieu of notice or notice pay.

When we receive notice pay from our employees,

1. How we calculate the compensation due

2. Is notice pay taxable?

3. How do we declare it in form IR21?

We are in the automotive industry.

Look forward to hearing from you. Thank you so much.

Best Regards,

Adeline

HR Poll: Is notice pay taxable?

Yes: 62.50%

No: 37.50%

REPLIES & COMMENTS

Declare it under pay/compensation in lieu of notice

Cindy

Declare it under notice pay

Jamie

HRSINGAPORE | HR Community Message | Notice pay