Taxability of ex gratia payment
20 July 2019
a person taken voluntary retirement and received Rs.750000 as ex gratia payment.
the employer has deducted TDS on the same saying it can be taken as refund.
Under which head Exemption can be claimed ??
Can 10(10C) be taken in consideration but its limited to 5lakhs.
Any other section for exemption section?
21 July 2019
10(10C) be taken in consideration up to 5 lakhs exemption. No other exemption available.