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Lump sum amount received on death of husband taxable?

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This query is : Resolved

Raghavendra Rao (Querist)

07 September 2018 Hi,
My father-in law is an Government employees (Singareni Collories) he died in 2014 due to heart attack.
As his death was sudden and uncertain, his job can be taken over by any of the family member. however, none of them have taken over his job and job has been surrendered to the Organization and for which my Mother-in law received a lump sum amount.
Organization (Singareni Collories) has deducted tax at source and credited the remaining amount to bank account.

I wanted to know, if amount received for surrendering job on death is taxable? and under which head this income be categorized?
and can we get tax refund?

Hope to get a quick and accurate response.

Thank you,
Raghavendra.

suresh

suresh (Expert)

08 September 2018 YOU NEED TO CHECK UNDER WHICH HEAD TAX HAS BEEN DEDUCTED AND THE DOCUMENTS RELATING NATURE OF PAYMENTS MADE TO DEICED THE TAX ABILITY OF THE AMOUNT RECEIVED.

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