Hi
could you please guide me
I have received sum of 1700000 by volutary retirement
how to show this in ITR1 form.
Exemption under section 10(10C) is available towards the amount received (receivable) on voluntary retirement to a employees of specified category.
Maximum Exemption up to 5,00,000
Specified category:
1.A public sector company, or
2.A local authority, or
3.Any other company, or
4.Any State Government, or
5.The Central Government, or
6.An authority (established under the Central or State or Provincial Act), or
7.A University incorporated or established by / under a Central or State or Provincial Act, or
8.An Institution acknowledged to be a University under section 3 of the University Grants Commission Act, or
9.An Indian Institute of Technology, or
19.An institution of management as notified by the Central Government, or
11.An institution (having importance throughout India or in any state) as notified by the Central Government.
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