Retrenchment Compensation - [Section 10(10B)]

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Full Text of the Document

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....n 25F(b) of the Industrial Disputes Act, 1947 which is equal to 15 days average pay for each completed year of continuous service or any part thereof in excess of 6 months, * (iii) amount specified by the Central Government, i.e. ₹ 500,000. NOTES: * Compensation received in excess of the aforesaid limit is taxable and would form part of Gross Salary. However assessee will be eligible fo....