The Income Tax Act allows for the taxation of income from various sources. This includes interest income, on a cash or accrual basis at the taxpayer’s option.
Tax relief for remuneration paid in the event of a business closure/employment termination
The Income Tax Act does not exclude compensation from taxation. However, relief is available to taxpayers for the tax due under Section 89 and Rule 21A of the Act. In case, the compensation received from an employer or former employer at or in connection with the termination of employment after continuous service for not less than three years.

And the unexpired portion of the term of employment is also not less than three years; the Act gives some relief as per Rule 21A of Section 89 of the Act.
I possess one flat in Thane and three additional house properties in different parts of India with my hubby. Is it possible to get an exemption from paying LTCG tax if I sell my Thane apartment and reinvest the entire income or the LTCG amount in another dwelling property?
To qualify for the LTCG exemption under Section 54, you must invest the capital gains from the sale of your home in either the purchase of another residential house within one year before or two years after the date of transfer. Or in the construction of another residential house property within three years of the date of transfer. You can also claim the exemption by storing the funds in the Capital Gain Account Scheme. There are no limitations under the provision regarding the number of properties held by the taxpayer. As a result, even if you own three additional homes, you will be able to claim exemption.

Does Kisan Vikas Patra have an income tax? Is interest income taxed at maturity?
The Income Tax Act allows for the taxation of income from various sources, including interest income, on a cash or accrual basis at the taxpayer’s option. If the taxpayer chooses ‘cash basis’ taxes, interest from Kisan Vikas Patra (KVP) will be taxed at the appropriate slab rates for an individual in the year of maturity or premature encashment. The taxpayer can choose to pay the tax on an accrual basis; hence, the tax will calculate annually.