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VRS ACCEPTABLE CONDITIONS
VRS offer in hand? Check these tax rules before you accept the package- Retiring early? Know how much tax exemption can employees claim for VRS
- ITR filing: Received Section 143(1) intimation with tax demand? Respond within 30 days or risk being treated as an ‘assessee in default’; know how to do it
- Senior citizen mistakenly paid tax on tax-free VRS compensation; wins complete relief from ITAT Chennai on this groundA senior citizen wrongly paid tax on Rs 24 lakh retrenchment compensation received under a BSNL Voluntary Retirement Scheme. Despite a sign...26 Jun, 2026, 12.13 PM IST
- Fired employee gets Rs 26 lakh severance pay, but didn't pay income tax; loses tax battle in ITAT Hyderabad for this key reasonIn a landmark decision on November 19, 2025, the ITAT Hyderabad ruled that severance packages is to be classified as taxable income under p...05 Dec, 2025, 01.06 PM IST
- Pension, gratuity withheld on caste misrepresentation charge, retired govt officer fights and wins case in Bombay High CourtA retired Central Excise officer has won a significant legal battle. The Bombay High Court has ordered the release of his pension and gratu...07 Nov, 2025, 02.37 PM IST
- Air India privatisation saga: 'Time we stopped paying Rs 20 cr/day of taxpayers money to keep it flying'Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of salt-to-software conglomerate ...17 Oct, 2021, 11.57 AM IST
- Government sweetens deal to attract bidders for Pawan HansNow, the successful bidder would be required to retain all permanent employees for a period of at least a year.21 Jul, 2019, 03.32 PM IST
- Gujarat gets Centre's nod to restart disciplinary proceedings against retired IPS officer Rahul SharmaThe Union home ministry has approved a request by the Guj CM to restart disciplinary proceedings against a retired IPS who has had runins w...30 May, 2016, 06.07 AM IST
- Employees of HMT are refused loans at banksMost of the workers, recruited in the late ’80s, were under-graduates but they had many an asset: a secure government job, a good pay-scale.09 Aug, 2015, 05.42 AM IST
- VRS request of eligible government employees should be accepted: High CourtMadras High Court has observed that government should accept the voluntary retirement request of its employees eligible for VRS .02 Jul, 2014, 10.18 PM IST
- Nokia workers allege management forcing them to opt for VRSThe employees at a meeting decided to seek the intervention of government to direct the management to make the VRS scheme optional and not ...15 Apr, 2014, 04.41 PM IST
- AI told to start low-cost serviceBudget flyers could soon be spoilt for choice. Cash-strapped Air India has been asked to start low-cost domestic operations as part of its ...04 Jul, 2009, 07.02 AM IST
- Kotak Securities sees sustaining GDP growth a budget priorityKotak Securities believes that priorities of government have changed from reducing inflation rate to sustaining high GDP growth rate. FMs w...22 Feb, 2008, 05.15 PM IST
- VRS is not a dirty word anymoreThe corporate scene in India today is completely different from what it was a decade or so ago.11 Dec, 2006, 04.10 AM IST
- Companies can now write off VRS expensesThe Institute of Chartered Accountants of India (ICAI) has decided to allow business enterprises to the write off expenditure on voluntary ...06 Feb, 2004, 02.37 AM IST
- STC staff given right of conditional VRSEmployees of State Trading Corporation would be given the right to seek voluntary retirement conditional on privatisation of the company un...17 Jul, 2003, 03.48 PM IST
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