Ex-gratia

This query is : Resolved 

09 May 2009 what is Ex-gratia? will it be included in employee's gross income and is it coming under FBT?

10 May 2009 Ex-Gratia is taxable to the employees under section 17(3) as profit in lieu of salary and hence will not attract FBT.

16 May 2009 Thank u Sir. But acutally what is Ex-gratia.

24 May 2009 Ex-Gratia is just like bonus (an emolument from the employer).


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