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Salary - Voluntary Retirement or Separation - [Sec. 10(10C) AND RULE 2BA]

Example:-Mr. X received voluntary retirement compensation of ₹ 7,00,000 after 30 years 4 months of service. He still has 6 years of service left. At the time of voluntary retirement, he was drawing basic salary ₹ 20,000 p.m.; Dearness allowance (which forms part of pay) ₹ 5000 p.m. Compute his taxable VRS.

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H: Provisions restricting input tax credit on goods/services for construc...

H: Tax Penalty Notice Defects: Grounds Must Be Clear.

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H: Lack of jurisdiction for AO to invoke Sec 153C without receiving mater...

H: Writ challenging assessment dismissed; assessee availed remedy of appe...

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H: Taxpayer challenges legality of vague penalty notice - CIT(Appeals) om...

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H: Seized gold not liable for confiscation due to lack of evidence.

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C: Guidelines to Stock Exchanges, Clearing Corporations and Depositories

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A: Director Identification Number