Visa lays off employees.
Bengaluru founder Sanket Sheth raised a question that deserves attention:
Why is severance pay taxed like a bonus?
Employees pay income tax throughout their careers.
Then they lose their jobs.
The one payment meant to help them survive, cover EMIs, rent, school fees, groceries, and medical bills is taxed too.
Severance isn't a reward.
It's survival money.
India has millions of private-sector employees but almost no real unemployment safety net.
Should severance pay receive separate tax treatment?
What's your take on this ?
@rameshlaus@TVKVijayHQ DMK also waiting for 6months honey moon period. But TVK cadres need to show their work instead of setting false narratives and manipulation. This manipulated data is spreading faster and it needs to be stopped.