Should India Tax Severance Pay? Growing Layoffs Spark Debate Over Social Security and Employee Protection
When the Job Ends, Should the Taxman Still Come Knocking? A viral LinkedIn post about layoffs at Visa’s Bengaluru office has reopened a question India has avoided for years: why severance pay — money meant to keep a family afloat — is taxed like a bonus, while laid-off workers get almost nothing in return. The … Read more