{"id":23132,"date":"2023-06-08T11:45:50","date_gmt":"2023-06-08T11:45:50","guid":{"rendered":"https:\/\/forkandflavor.in\/?p=23132"},"modified":"2024-01-11T10:24:34","modified_gmt":"2024-01-11T10:24:34","slug":"taxsutra-expert-column-taxability-of-severance-pay-understanding-the-current-scenario","status":"publish","type":"post","link":"https:\/\/demosite.finlabsindia.org\/demo\/Luthra\/taxsutra-expert-column-taxability-of-severance-pay-understanding-the-current-scenario\/","title":{"rendered":"&#8216;Taxsutra expert column: Taxability of severance pay &#8211; understanding the current scenario.&#8217;"},"content":{"rendered":"\n<p>Partner,&nbsp;<a href=\"https:\/\/forkandflavor.in\/partner\/sumit-mangal\/\" data-type=\"partner\" data-id=\"21093\">Sumit Mangal<\/a>&nbsp;and Associate,&nbsp;Radhika Sharma&nbsp;at&nbsp;Luthra and Luthra Law Offices India&nbsp;discuss the taxability of&nbsp;Severance&nbsp;Pay in an insightful article published in&nbsp;Taxsutra.<\/p>\n\n\n\n<p>Severance Pay refers to the payment made to an employee upon the termination of their employment, typically categorized as part of their salary. However, if there is a dispute about whether Severance Pay should be subject to taxes as part of the salary, it is now considered taxable under the category of income from other sources according to Section 56(2)(xi) of the Income Tax Act, 1961 (ITA).<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Partner,\u00a0Sumit Mangal\u00a0and Associate,\u00a0Radhika Sharma\u00a0at\u00a0Luthra and Luthra Law Offices India\u00a0discuss the taxability of\u00a0Severance\u00a0Pay in an insightful article published in\u00a0Taxsutra.<\/p>\n","protected":false},"author":1,"featured_media":23133,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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href=\"https:\/\/demosite.finlabsindia.org\/demo\/Luthra\/category\/article\/\" rel=\"category tag\">Article<\/a>","rttpg_excerpt":"Partner,\u00a0Sumit Mangal\u00a0and Associate,\u00a0Radhika Sharma\u00a0at\u00a0Luthra and Luthra Law Offices India\u00a0discuss the taxability of\u00a0Severance\u00a0Pay in an insightful article published in\u00a0Taxsutra.","_links":{"self":[{"href":"https:\/\/demosite.finlabsindia.org\/demo\/Luthra\/wp-json\/wp\/v2\/posts\/23132"}],"collection":[{"href":"https:\/\/demosite.finlabsindia.org\/demo\/Luthra\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/demosite.finlabsindia.org\/demo\/Luthra\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/demosite.finlabsindia.org\/demo\/Luthra\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/demosite.finlabsindia.org\/demo\/Luthra\/wp-json\/wp\/v2\/comments?post=23132"}],"version-history":[{"count":0,"href":"https:\/\/demosite.finlabsindia.org\/demo\/Luthra\/wp-json\/wp\/v2\/posts\/23132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/demosite.finlabsindia.org\/demo\/Luthra\/wp-json\/wp\/v2\/media\/23133"}],"wp:attachment":[{"href":"https:\/\/demosite.finlabsindia.org\/demo\/Luthra\/wp-json\/wp\/v2\/media?parent=23132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/demosite.finlabsindia.org\/demo\/Luthra\/wp-json\/wp\/v2\/categories?post=23132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/demosite.finlabsindia.org\/demo\/Luthra\/wp-json\/wp\/v2\/tags?post=23132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}