Payment received on voluntary retirement

Payment received on voluntary retirement [10(10C)]

Amount received by an employee of public sector company, or of any other company, statutory or local authority, co operative society, university, IIT, state or central government, or an institution having importance throughout the territory of India or in any state or states as the central government may notify, any notified institute of management.

Exempted amount will be the actual amount received or Rs 5, 00,000, whichever is less.

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