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Commerce · Q152

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 152

Q152

The maximum amount of exemption of compensation received at the time of voluntary retirement U/S 10(10C) of the Income Tax Act, 1961, is:

A.
Rs. 1,00,000
B.
Rs. 2,50,000
C.
Rs. 5,00,000
Answer
D.
Rs. 10,00,000

Answer: Option C

Solution

Answer: Option C
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