Compensation on termination of employment is taxed broadly as income from other sources, including third-party and nominee payments. Compensation or other payment received or due in connection with termination of employment, or modification of employment terms, is taxable as income from other sources under the residuary charging provision. The clause applies broadly to amounts by whatever name called and operates on receipt or accrual, whichever is earlier. It also covers payments made by a third party and extends to amounts received by a legal heir or nominee.