https://www.taxtmi.com/acts?id=3639 Eligibility for exemption under section 10(10C) depends on a voluntary retirement or voluntary separation scheme framed by specified employers and meeting prescribed conditions. The scheme must generally apply to employees with 10 years of service or 40 years of age, cover all employees except directors, reduce staff strength, leave the vacancy unfilled, and, for company employees, prevent re-employment in another concern under the same management. The amount receivable must not exceed the prescribed ceiling based on salary and completed service, with a special relaxation for public sector company voluntary separation schemes. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 16 May 2026 12:00:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3639 Eligibility for exemption under section 10(10C) depends on a voluntary retirement or voluntary separation scheme framed by specified employers and meeting prescribed conditions. The scheme must generally apply to employees with 10 years of service or 40 years of age, cover all employees except directors, reduce staff strength, leave the vacancy unfilled, and, for company employees, prevent re-employment in another concern under the same management. The amount receivable must not exceed the prescribed ceiling based on salary and completed service, with a special relaxation for public sector company voluntary separation schemes. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3639