one Employee got 2 lakh Exgratia and 15 lakh severance Pay as the MNC closes its operation in india ,are Severance Pay and Exgratia received by Employee is Taxable ? if exempted how much is exemted ?
you can reach me here also 7044389801
one Employee got 2 lakh Exgratia and 15 lakh severance Pay as the MNC closes its operation in india ,are Severance Pay and Exgratia received by Employee is Taxable ? if exempted how much is exemted ?
you can reach me here also 7044389801
I have read many article where it is mentioned that as it is a capital receipt it is exempted....and governt is planning to tax it in the future if they are planning to tax it in the future it is probably exempted now
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