Taxability of VRS

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student
239 Points Posted on 17 April 2020
if a person received VRS amount in 3 diffrent years than how it's tax and while filing ITR he show that income in 3 diffrent year or I one single years
means he take benefit of basic exemption limit in 3 diffrent years for because of receiving amount In 3 diffrent year's.
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On 17 April 2020 at 03:02 Report
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Quick Summary
This discussion clarifies the tax treatment of Voluntary Retirement Scheme (VRS) amounts received over multiple years. It explores whether VRS income should be declared in the year of receipt or spread across the years it was received. The core question is how this impacts the ability to claim the basic exemption limit in each of those years.

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212 Points Posted on 17 April 2020
Are you asking about 10(10c) exemption.of VRS
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On 17 April 2020 at 08:48
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student
239 Points Posted on 17 April 2020
No. if we received amount in 3 diffrent installment in 3 diffrent yera than how it's tax
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On 17 April 2020 at 15:36

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