Income Tax on Exgratia Payment

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..... We are an Industry Association registered under M P Societies Registration Act and Recognised by the Income Tax Deptt as a Charitable Institution.. We are having five employees only, who are mostly r .....

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..... etired reemployed persons. They are paid salaries which are too low and are outside taxable limits. However, each year on the eve of Deepawali these employees are paid two months salary as exgratia.. .....

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..... We would like to know whether this payment is to be treated as salary income and taxable in the hand of the employees? - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Yes, this is taxable in th .....

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..... e hands of the employees. - Income Tax on Exgratia Payment - Query Started By: - M C Rawat Dated:- 12-8-2015 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post .....

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..... by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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