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
(27713 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)
(58275 Points)
Replied 08 June 2022
Employer to employee payments covered under salary only
Recent Topics
- First GSTR 1 to include invoice after threshold cr
- How To File ITR Without Form 16 for Salaried Indiv
- SAC code change
- GST calculation for payment received by payment ga
- Wrong GST Filled/ Cancelled invoice uploaded in re
- Eligibility for Form 15H in New Tax Regime
- Taxation on Agriculture Land in India as per Incom
- Loss setoff
- About mismatch of GSTR-2A and GSTR-3B
- New Excel-Based Utility
Related Threads
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT
CA Deepak Gupta26 April 2025
CAclubindia
