CA Nirmala Yugandhar Pyda
(Manager - Finance & Accounts)
(63 Points)
Replied 24 March 2017
if employee designation is eligible for severance pay than it is not taxable.
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 24 March 2017
it is nothing but arrears definitely it is taxable but relief under 89(1) can be claimed
Vijayaraghavan R
(Employee)
(63 Points)
Replied 24 March 2017
https://www.business-standard.com/article/pf/severance-pay-is-not-taxable-116040900764_1.H T M L
If the severance pay can be proved to be capital receipt, then its not taxable as per the article.
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