Is benevolent fund is Taxable?
This query is : Resolved
10 July 2023
My mother received Rs.600000 as benevolent fund in FY.2022-2023 after death of my father. I would like know that is benevolent fund fully taxable, partly taxable or exempt from tax?
10 July 2023
The fund received by widow of the employee from the benevolent fund is fully tax exempt.
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