Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Ex gratia payments to widows or heirs of deceased employees exempt from income tax under Circular No. 776, 1999.</h1> A lump sum ex gratia payment made by the Central Government, State Government, Local Authority, or Government Public Sector Undertaking to the widow or other legal heirs of an employee who dies while in active service is not taxable as income under the Income-tax Act, 1961. This also applies to ex gratia payments received due to injury or death of a family member while on duty. These payments are exempt from income tax as clarified in Circular No. 776, dated June 8, 1999, which reiterates the provisions outlined in Circular No. 573, dated August 21, 1990.