Dear Vaibhavi, You need to calculate tax as per the normal Income Tax rates. However, as it is a employee welfare trust, you can seek Income tax exemption from the Department. Thanks, Avika
From India, New Delhi
I think the lumpsum amount to be received is tax exempted. only the annuities are taxable as per extant I.T.rules. Pon
From India, Lucknow
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