As per Section 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
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute