Severance pay received after job termination is taxable. Individuals must pay advance tax by March 15 to avoid penalties. This payment is treated as salary income and taxed at normal slab rates.
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FCT-IRS urges residents to file individual returns before March 31
The Federal Capital Territory Internal Revenue Service (FCT-IRS) has advised all taxable individuals including those in employment, elected and appointed public office holders, persons in ...
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