₹39.96 lakh BSNL VRS payout gets full tax exemption from ITAT; here’s what the ruling means
A retired Bharat Sanchar Nigam Ltd (BSNL) employee has secured complete tax relief on a ₹39.96 lakh voluntary retirement payout after the Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that the compensation received under the BSNL Voluntary Retirement Scheme (VRS)-2019 qualifies for exemption under Section 10(10B) of the Income-tax Act. The ruling…