HRSINGAPORE Community Discussions

Notice pay

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


 

    Full Name*

    Job Title*

    Company or Organisation Name

    Work Email Address*

    Confirm Your Work Email Address*

    Contact Number

    Subject*

    Your Message

    Recent HR Community Posts

    Secondment

    Secondment

    Secondments provide a way for organisations to share resources and expertise and can be a valuable opportunity for employees to gain new skills and experiences. Continue reading