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compensation on job loss

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(Querist)
07 November 2016 Is compensation received on job loss taxable?.
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Amol S Joglekar

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Amol S Joglekar (Expert)
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)
https://www.incometaxindia.gov.in/Pages/acts/income-tax-act.aspx
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