Taxability of lumpsum compensation received on termination
This query is : Resolved
CA Kranthi Kumar
(Querist)
20 November 2015
Taxability of Lumpsum Compensation received on termination of public sector service under income tax act
Nikhil Kaushik
(Expert)
20 November 2015
depends on the components of the amount so received. PF etc wont be taxed. rest depends on factors such as nature of amount, length of service etc
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