Archive | Compensation on VRS or Separation

Tax on Compensation on Voluntary Retirement or Separation

Following up on our post regarding tax on pensions https://blog.cleartax.in/how-is-pension-taxed/, we now look at the tax treatment of compensation received on voluntary retirement or separation. As per Section 10(10C) any compensation received upon voluntary retirement or separation is exempt from tax when the following conditions are fulfilled Compensation received is towards voluntary retirement or separation […]

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