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Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 02 June 2022

If you come under central and state govt employee then it is fully exempt.

Else you have to follow Section 10(10AA)(ii) for quantum of Exemption for non govt employees

sabyasachi mukherjee

Profession Business

28202 Points Posted on 02 June 2022

Sec 10 is an exempted section.

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 02 June 2022

@ Dhananjay ,

Do you come under govt employee?

Dhananjay Bhatt

41 Points Posted on 02 June 2022

Sir I am public sector bank employee [ Non govt]

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 02 June 2022

Then you may not be eligible for full exemption but you can claim exemption as per calculations of section 10(10AA)(ii)

sabyasachi mukherjee

Profession Business

28202 Points Posted on 04 June 2022

How can a psu bank employee be non govt?

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 04 June 2022

You can say a pubic limited company like Reliance industries need to be Govt undertaking

sabyasachi mukherjee

Profession Business

28202 Points Posted on 06 June 2022

There is a difference between public sector and private sector.
public sector bank is seperate wholly owned by Bank.

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 07 June 2022

Public sector need not be government

Dhananjay Bhatt

41 Points Posted on 02 April 2023

Sir,any amadment in exemption limit under saction10(10AA)(ii) - budget 2023 effect from date ?

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Dhananjay Bhatt

Eswar Reddy S

sabyasachi mukherjee

Eswar Reddy S

Dhananjay Bhatt

Eswar Reddy S

sabyasachi mukherjee

Eswar Reddy S

sabyasachi mukherjee

Eswar Reddy S

Dhananjay Bhatt

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