India, July 31 -- A Bengaluru-based entrepreneur has criticised the practice of taxing severance payout that laid-off employees receive. Sanket Sheth, founder and CEO of business consulting firm Kreative Kode, took to LinkedIn to share his views on severance pay and taxation after Visa announced layoffs.

"Hearing of Visa layoffs, my anger is less on the company but more on a completely non-related entity. It's the government," wrote Sheth.

Severance pay is money that an employer gives an employee when their job ends, typically due to reasons such as layoffs. The money is meant to help employees financially while they look for a new job.

The Bengaluru-based founder of Kreative Kode pointed out that salaried employees honestly pay tax ev...