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01 February, 2018

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Employee Termination Income post Employment liable to Charged u/s 56 as other Sources


Employee Termination Income post Employment liable to Charged 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:-
"(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





 [a1]New Taxed Income in the hands of Employees


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