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VRS TAX EXEMPTION
ITR 2026: Common income tax return filing mistakes that cost employees lakhsA careful, timely, and well-documented filing approach can help employees avoid notices, interest, penalties, and refund delays while ensur...16 Jul, 2026, 12.12 PM IST- 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
- Six income tax slabs in, 70 exemptions out: Impact on taxpayersSalaried taxpayers who opt for the new regime will have to forgo the standard deduction as well as exemptions under chapter VI-A, including...05 Feb, 2020, 09.09 AM IST
- Tax queries: VRS benefit up to Rs 5 lakh is exempted from taxDilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levies.19 Apr, 2018, 02.21 PM IST
- Lost your job or taking VRS? Here's how the severance payout will be taxedDownsizing—be it by a startup or a global giant—is no longer a rarity. Understanding the tax implications of the severance package can come...13 Sep, 2016, 03.06 PM IST
- Query corner: TaxationOur expert Vaibhav Sankla, executive director, Adroit, guides you in matters relating to taxation.16 Nov, 2010, 04.45 AM IST
- Query Corner: TaxationOur expert guides you in matters relating to taxation.19 Oct, 2010, 02.56 AM IST
- Query corner: TaxVaibhav Sankla, Executive Director, Adroit helps with your tax planning.22 Jun, 2010, 12.52 AM IST
- Govt drops plan to tax PF, pension funds withdrawalsIn a major relief to the middle class, the Centre has proposed to drop earlier suggestions of taxing withdrawals from provident funds.16 Jun, 2010, 08.07 AM 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
- FinMin rules out tax on farm incomeThe Finance Ministry has virtually ruled out bringing farm income under tax net.07 Jun, 2006, 02.44 PM IST
- Finmin to bring out circular on services taxThe Finance Ministry will soon bring out a comprehensive circular on services tax by codifying it to provide clarification to people.05 Jun, 2006, 02.55 PM IST
- RBI Staff Get VRS definition wrong, face taxing timeWhat's in a name? A lot in the three-letter word VRS. By any other name, the benefits that come with a VRS will not be there.01 Feb, 2005, 02.37 AM IST
- Assocham for raising exemption limit for income-taxAssocham has asked the government to raise the threshold exemption limit of income-tax to Rs 1 lakh and reduce the maximum tax limit for pa...15 Jan, 2003, 01.42 PM IST
- Tisco, Otis to benefit from I-T tribunal's VRS orderTata Steel, Indian Oil Corporation, Philips India, Alstom, Otis Elevator, ACC, Voltas, are among those expected to benefit from the Income-...09 Jan, 2003, 03.18 AM IST
- Cos can claim tax break on VRS before '00-01Companies that have spent huge amounts on voluntary retirement schemes (VRS) are entitled to receive full exemptions on income-tax, the Inc...02 Jan, 2003, 04.40 AM IST
- Govt may offer VRS with I-T benefitsNEW DELHI: The government has decided to offer a revamped voluntary retirement scheme for its employees and exempt a part of the benefits f...06 Feb, 2002, 01.08 AM IST
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