An employee of a private software company was asked to resign on 6th March 2019 with immediate effect after serving for 1.25 years. He got a severance package of 5 months salary and ex gratia on 29th March.
The company has deducted tax at 30%.
Is this amount eligible for exemption u/s 10(10b)?
RoamPrime Technologies Private Limited
Bengaluru
CA
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My Legal Tax Consultants Pvt. Ltd.
Noida
CA Inter
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Rohit KC Jain & Co
New Delhi
CA Inter
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Bharat Shah & Associates
Mumbai
CA Inter
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CCI
Pro
CAclubindia
