Exgratia payment - taxable?

Reetu (Querist) 21 April 2016 This query is : Resolved
Is exgratia payment voluntarily paid by the employer to an employee as good leavers payment or goodwill payment taxable in India?

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Devajyoti Barman (Expert) 21 April 2016
yes,it is taxable......

Kumar Doab (Expert) 21 April 2016
Ex-Gracia under 'Salary head' and even gift is explained by Income Tax Circulars e.g;

http://www.incometaxindia.gov.in/Communications/Circular/910110000000000599.htm

It is taxable.

Rajendra K Goyal (Expert) 22 April 2016
It is taxable.

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