Tax liability for Ex-Gratia payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 September 2010
I would like to know what will be the tax liability for ex gratia payment to an employee? Is it taxable ? If yes @what rate?
29 September 2010
it is taxable in the hands of the employee at normal slab rates
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