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EX GRATIA RECEIVED AT THE TIME OF RETIREMENT

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(Querist)
25 July 2024 SIR
IF WE GOT THE AMOUNT OF RS 11 LAKH AS A FORM OF EX -GRATIA FROM EMPLOYER AT THE TIME OF RETIREMENT,
IS EX GRATIA INCOME IS TAXABLE OR NOT IN INCOME TAX ACT.
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
25 July 2024 No. Not taxable.
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DANISH

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DANISH (Querist)
25 July 2024 but employer deduct tds on my amount, in which section we can exempt this on ITR for TDS refund
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
25 July 2024 If TDS has been deducted then check form 16, it may not be ex-gratia.

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