Exemption of income tax on ex-gratia in settelement with employee or payment to employee on voluntary retirement scheme please advice us
From India, Mumbai
Dear Dattabairagi, As per Sec 10 (10C) of the Income Tax Act, an amount up to Rs. 5,00,000/- is exempted from tax deduction towards the VR compensation. Abbas.P.S
From India, Bangalore

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