Procedure for purposes of section 19 [Table: Sl.No.12] relating to voluntary retirement or voluntary separation

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....e of voluntary retirement or voluntary separation can be claimed as deduction for the purposes of section 19 [Table: Sl.No.12] by an employee of- (i) a public sector company; or (ii) any other company; or (iii) an authority established under a Central Act or State Act or Provincial Act; or (iv) a local authority; or (v) a co-operative society; or ....

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....ed by the aforesaid company or authority or co-operative society or University or institute, as the case may be, or if the scheme of voluntary separation framed by a public sector company, (herein referred to as 'the scheme') is in accordance with the following requirements:- (i) the scheme applies to an employee who has completed ten years of service or completed forty years of age; ....