compensation on job loss
This query is : Resolved
07 November 2016
Is compensation received on job loss taxable?.
07 November 2016
yes, it is very much taxable.subject to section 10(10B)....which deals with exemption of retrenchment compensation.
please go through the link and see section10(10B)
http://www.incometaxindia.gov.in/Pages/acts/income-tax-act.aspx
please go through the link and see section10(10B)
http://www.incometaxindia.gov.in/Pages/acts/income-tax-act.aspx
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