Retrenchment benefit tds applicable or not

TDS 227 views 1 replies

we are give the full and final settlement to our employee ., 

the Retrenchment amount for Rs.280000 / - can anybody confirm is it applicable for TDS or not 

Replies (1)

Yes, it is part of salary. Check whether total salary plus this less exemption u/s 10(10B) is above taxable limit for tax deduction or not.


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