EX GRATIA RECEIVED AT THE TIME OF RETIREMENT
This query is : Resolved
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25 July 2024
SIR
IF WE GOT THE AMOUNT OF RS 11 LAKH AS A FORM OF EX -GRATIA FROM EMPLOYER AT THE TIME OF RETIREMENT,
IS EX GRATIA INCOME IS TAXABLE OR NOT IN INCOME TAX ACT.
IF WE GOT THE AMOUNT OF RS 11 LAKH AS A FORM OF EX -GRATIA FROM EMPLOYER AT THE TIME OF RETIREMENT,
IS EX GRATIA INCOME IS TAXABLE OR NOT IN INCOME TAX ACT.
Dhirajlal Rambhia
(Expert)
25 July 2024
No. Not taxable.
25 July 2024
but employer deduct tds on my amount, in which section we can exempt this on ITR for TDS refund
Dhirajlal Rambhia
(Expert)
25 July 2024
If TDS has been deducted then check form 16, it may not be ex-gratia.
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