Hi All,
Last year, I was supposed to join a particular company but before joining it self they revoked the offer letter and later they gave me 1 month salary as a severance. I was never employed by that company and before joining itself they revoked.
So how I need to file the tax? That one month salary will be part of "Lumpsum Payment" while Filing the tax?
And is the severance payment taxable? And also do I need to inform that company that I filed this amount as taxable?
Please do help.
Ricky