Income tax rebate on ex gratia amount

This discussion explores the possibility of claiming an income tax rebate under Section 10C for an ex-gratia payment received after a layoff. The user received INR 1,200,000 in FY 2020-21, is 45 years old, and had 22 years of total service. The response clarifies that Section 10C typically applies to income up to 5 lakhs, with the excess being taxable, and a rebate is generally claimed for income not exceeding 5 lakhs.