Volunatary retirement

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 March 2014 My mother opted for voluntary retirement from service at 57 years of age from central government...

Whether she can enjoy exemption on 100% of retirement benefits or the exemption would limit to Rs. 500000/- as prescribed under section 10(10C).


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Querist : Anonymous

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Querist : Anonymous (Querist)
03 March 2014 Please also highlight whether relief available on amount received beyond Rs. 500000/- limit applicable.

03 March 2014 well if the amount has been paid under 10(10C), then the exemption is limited to Rs 5 lakhs only.


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