Honorarium Bill Payment
This query is : Resolved
27 February 2021
I have retired from Banking Service in May 2020. Now Bank call me for Reconciliation Work , for
which they have paid me Honorarium amount Rs. 1500/- per day. Till date the amount will be more than 1 lakh. Shall it be taxable , and how I show this Income in Income Tax Return. No return Agreement is there. Please advise.
which they have paid me Honorarium amount Rs. 1500/- per day. Till date the amount will be more than 1 lakh. Shall it be taxable , and how I show this Income in Income Tax Return. No return Agreement is there. Please advise.
27 February 2021
Show it as salary income. It's taxable income.
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