Employee Termination Income post Employment liable to Charged
u/s 56 as other Sources
u/s 56 as other Sources
Finance Bill, 2018 New Insertion to Make Heavy on termination Pay
56
(8) after clause (x), the following
clause shall be inserted with effect from the 1st day of April, 2019, 45
namely:-
(8) after clause (x), the following
clause shall be inserted with effect from the 1st day of April, 2019, 45
namely:-
“(x,) any compensation or other payment[a1] ,
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
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
[a1]New
Taxed Income in the hands of Employees
Taxed Income in the hands of Employees
