CDE Limited made a one-off retention payment to Jill.The payment was made in consideration of Jill agreeing to remain employed with CDE Limited for a period of 12 months and had to be refunded on a proportionate basis if Jill retired within the period. The payment to Jill is:

Select one:

a.remuneration for services rendered and is assessable income

b.capital nature and is not assessable income

c.exempt income under the Income Tax Act 2007

d.excluded income under the Income Tax Act 2007

A.excluded income under the Income Tax Act 2007