An employee lost his 90% vision while discharging office duty. He is now not able to perform any kind of work. The company has offered him some lumpsum amount on humanitarian grounds so that he can complete his childerns education and other duties.
Whether that amount would be taxable or treated as capital Receipt?
2 Replies
sabyasachi mukherjee
(27579 Points)
Replied 08 June 2022
If it is medical expenses reimbursement granted it's not taxable.But, the hr policies must be logical to justify his payment for medical policies.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 08 June 2022
Employer to employee payments covered under salary only
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