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Taxability of lumpsum compensation received on termination

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20 November 2015 Taxability of Lumpsum Compensation received on termination of public sector service under income tax act
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Nikhil Kaushik

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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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