https://www.taxtmi.com/acts?id=53326 Deduction for amounts received on voluntary retirement or voluntary separation is available only to employees of specified entities, including public sector companies, other companies, authorities, local authorities, co-operative societies, universities, IITs, and notified institutions. The scheme must satisfy prescribed conditions, including minimum service or age, application to all employees other than directors, reduction of workforce, non-filling of vacancies, and a ceiling on the amount receivable based on service and salary. For public sector company voluntary separation schemes, the ten-years-of-service condition does not apply. Salary includes dearness allowance only where employment terms so provide. en-us Fri, 20 Mar 2026 17:40:01 +0530 Mon, 06 Apr 2026 11:57:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53326 Deduction for amounts received on voluntary retirement or voluntary separation is available only to employees of specified entities, including public sector companies, other companies, authorities, local authorities, co-operative societies, universities, IITs, and notified institutions. The scheme must satisfy prescribed conditions, including minimum service or age, application to all employees other than directors, reduction of workforce, non-filling of vacancies, and a ceiling on the amount receivable based on service and salary. For public sector company voluntary separation schemes, the ten-years-of-service condition does not apply. Salary includes dearness allowance only where employment terms so provide. Act-Rules Income Tax Fri, 20 Mar 2026 17:40:01 +0530 https://www.taxtmi.com/acts?id=53326