Whether Ex Gratia received on voluntary resignation can qualify for exemption u/s.10(10C) as compensation on voluntary retirement?
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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.
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