......Mr. Rao received retrenchment compensation of ` 10,00,000 after 30 years 4 months of service.…
......Mr. Rao 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. How much of his retrenchment compensation will be taxable?
