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compensation on death
please tell me whether compensation received from employer on death is taxable or not in the hands of legal heir?
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Lump-sum payment made gratuitously or by way of compensation or otherwise to widow or other legal heirs of an employee who dies while still in active service is fully exempt in the hands of widow or other legal heirs of employee.
- Circular No. 573, dated 21-08-1990
thanks
but this circular us for gratuity nd i want to know that death compensation received from company is taxable or not?
but this circular us for gratuity nd i want to know that death compensation received from company is taxable or not?
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