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Income tax
my father is voluntary retired from Public Sector Undertaking and received gratuity, leave encasement and retirement compensation. then how much exemption allowed him in gratuity, leave encasement and retirement compensation.
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In case of gratuity total exemption is 10lakhs ,for VRS Compensation 3 lakhs and for leave encashment calculation is there refer sec 10(10) of income tax act.
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