Income tax

Respected Sir/Madom !

My father had retired on 31st Jan 2014, Now after the duration of almost 1 year, he is worried about the INCOME TAX on the FINAL SETTLEMENT PAYMENT AND ITS INTEREST received.

Is the final settlement payment and its interest are subject to income tax deduction????

Plz plz plz Help me reg. the matter. My father is very disturbed.


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