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 "?
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How to deal with interest received on the amount of vrs received ?
Replies (1)
Its interest income, taxed u/h. IFOS.
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