How to deal with interest received on the amount of vrs received ?


Ravi Bhat (student)     12 February 2019

Ravi Bhat
student 
 14 points

| My Other Post

As we know that, VRS is eligible for excemption u/s 10(10C), upto Rs. 5 Lakh.

My question is that does the interest received on late payment of VRS amount is considered as VRS only & claim the exemption ? or does it be taxed under "Other source "?

avater

Dhirajlal Rambhia (KVO Merau Kutchh)     12 February 2019

Dhirajlal Rambhia
KVO Merau Kutchh 
 9088 likes  92403 points

View Profile | My Other Post

Its interest income, taxed u/h. IFOS.

1 Like

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Popular Discussion


view more »