Example:-Mr. X received retrenchment compensation of 10,00,000 after 30 years 4 months of service. At the time of retrenchment, he was drawing basic salary 20,000 p.m.; dearness allowance 5,000 p.m. Compute his taxable retrenchment compensation.

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....mpute his taxable retrenchment compensation. Salary - Retrenchment Compensation - [Sec. 10(10B)] Income Tax – Salary Income Tax Manuals Dated:- 10-8-2015 Chapter No. 06 - Salary - Ret....

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Example:-Mr. X received retrenchment compensation of 10,00,000 after 30 years 4 months of service. At the time of retrenchment, he was drawing basic salary 20,000 p.m.; dearness allowance 5,000 p.m. Compute his taxable retrenchment compensation.