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EASYOFFICE

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Mangala Majigoudra (7 Points)

17 December 2018

what is surrender salary

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PUSHP KUMAR SAHU (CA FINAL ASPIRANT) (3115 Points)
Replied 18 December 2018

If salary is surrendered to the Central Government under section 2 of the Voluntary Surrender of Salary (Exemption from Taxation) Act, 1961, then such surrendered salary is not charged to tax. For example ...salary surrendered by employees during kargil war ..gujrat earthquake

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