HDFC Bank’s Rs 1,500 crore ex Gratia payout sounds generous — but there's catch in terms of taxes - BusinessToday
HDFC Bank’s Rs 1,500-crore ex-gratia payout made headlines last year, but employees soon realised that the “gift” wasn’t tax-free. Despite being a goodwill payment, ex-gratia is fully taxable for most salaried workers.
