Clarification retrenchment compensation and voluntary compensation
JOSHI RAJORA (3 Points)
31 March 2020
Deduction allowed
1 Replies
CA KARAN SINGH
(Auditor at Big 4)
(622 Points)
Replied 31 March 2020
Deduction will be lower of the following amounts under sec 10(10B)
a) Actual Amount Received
b) Rs. 500000
c) 15 days Avg. pay for each completed year of continuous service
a) Actual Amount Received
b) Rs. 500000
c) 15 days Avg. pay for each completed year of continuous service
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