In FY 2020-21 I have been laid off and given ex-gratia amount of INR 1200000. My age is 45 years and total service of 22 years and 9 years in company where laid off. Can I claim income tax rebate under section 10c, please suggest
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Income tax rebate on ex gratia amount
Replies (2)
Upto 5lkh is exempt rest taxable
Rebate is claimed in case income is upto 5 lakhs rupees
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