Voluntary post-employment payments are considered profits in lieu of salary, not limited by Income Tax Act section 17(3)(iii).

Voluntary post-employment payments are considered profits in lieu of salary, not limited by Income Tax Act section 17(3)(iii). https://www.taxtmi.com/highlights?id=69243 Amount received after cessation of employment with the employer company - profits in lieu of salary - when the employer itself stated that the payment has been made voluntarily by them out of appreciation for the employee thus falls outside the rigours of section 17(3)(iii) of the Act. - AT en-us Sat, 15 Apr 2023 12:52:48 +0530 Sat, 15 Apr 2023 12:52:48 +0530 TaxTMI RSS Generator Voluntary post-employment payments are considered profits in lieu of salary, not limited by Income Tax Act section 17(3)(iii). https://www.taxtmi.com/highlights?id=69243 Amount received after cessation of employment with the employer company - profits in lieu of salary - when the employer itself stated that the payment has been made voluntarily by them out of appreciation for the employee thus falls outside the rigours of section 17(3)(iii) of the Act. - AT Highlights Income Tax Sat, 15 Apr 2023 12:52:48 +0530 https://www.taxtmi.com/highlights?id=69243