Salary income

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22 August 2012 What means "Lumpsum Payment" in terms of salary income computation?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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22 August 2012 Lumpsum payment is the salary which is not having any break up like Basic, HRA,DA,Transport allowance etc.

Lumpsum payment is fully taxable as like Basic Salary

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