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 "?
Ravi Bhat (student) (14 Points)
12 February 2019As 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 "?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 12 February 2019
Its interest income, taxed u/h. IFOS.
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