Whether Ex Gratia received on voluntary resignation can qualify for exemption u/s.10(10C) as compensation on voluntary retirement?
Menu
Ex Gratia on Resignation
Replies (2)
Prima facie yes. But you need to check if you satisfying all the conditions.
Its a part of your salary, but is been added as component of CTC.. while preparing salary structure..As a practice exgratia is paid once in a year.
This is a lumsum amount payable once in a year and this attaracts taxes as applicable.
Recent Topic
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
Related Topics
CAclubindia
