section 28
Aishwarya Potturu (2 Points)
14 September 2018
employee termination payment is taxable under which head?
1 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 14 September 2018
Income from Other Sources
Sec. 56(2)(xi) of the Income-tax Act w.e.f. A.Y. 19-20
"any compensation or other payment, due to or received by any person, by whatever name called, in connection with the termination of his employment or the modification of the terms and conditions relating thereto."
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