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Hi

It varies based on the context, usually exgratia is a mode of payment which is paid as favour. If it is paid towards kindness upon damage, loosing property etc it is non taxable.

In case of Insurance companies this will be paid in few cases where the claim gets rejected.

For employees :if company is paying Statutoryb bonus and exgratia then exgratia is taxable.

If employee met with accident and got disablement or died and the exgratia paid is non taxable.

Chills 'N' Cheers

Karthik Nayudu

destination4success@yahoo.co.in

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12y ago

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