query on salary income
This query is : Resolved
10 November 2008
X, an employee of ABC ltd, at the time of retirement gets a sum of Rs. 105000 from his employer as appreciation of services in addition to other benefits like gratuity, leave salary etc
Will the amount so recd as appreciation of services be fully taxable or
can it treated as a gift & will be fully exempt as the employer is liable to pay FBT????????
Plz guide
Thanks
Rupesh
Will the amount so recd as appreciation of services be fully taxable or
can it treated as a gift & will be fully exempt as the employer is liable to pay FBT????????
Plz guide
Thanks
Rupesh
10 November 2008
Fully taxable.
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