Ex-gratia
This query is : Resolved
09 May 2009
what is Ex-gratia? will it be included in employee's gross income and is it coming under FBT?
10 May 2009
Ex-Gratia is taxable to the employees under section 17(3) as profit in lieu of salary and hence will not attract FBT.
24 May 2009
Ex-Gratia is just like bonus (an emolument from the employer).
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