PolicyBusiness Standard
CBDT caps BSNL MTNL VRS tax exemption at Rs 5 lakh
Negative-14
GreyOak summary
The CBDT clarified that BSNL and MTNL employees under the 2019 voluntary retirement scheme cannot claim tax exemption under Section 10(10B) for retrenchment. Amounts exceeding this limit are taxable as salary income.
What it affects
- Mahanagar Telephone NigamMTNLNegative -14
Tax exemption on VRS cappedRolling sentiment Neutral -4
Source
Read the original at Business StandardMore Mahanagar Telephone Nigam news
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