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VRS TAXATION
CBDT issues new clarification on BSNL-MTNL VRS-2019 compensation: Will it affect retirees' income tax benefits?The CBDT issued a notification clarifying that ex-gratia compensation for BSNL and MTNL VRS-2019 is not retrenchment compensation. This com...- VRS offer in hand? Check these tax rules before you accept the packageContemplating a Voluntary Retirement Scheme (VRS)? Prior to making your decision, it’s crucial to analyze the overall financial implication...
- Is severance pay received under a VRS taxable for all employees? Know what the Income Tax law saysSeverance pay received under a voluntary retirement scheme is not always taxable for all employees; Know why and what the tax law says
- How to select the right ITR form based on your income for AY 2026-2027Choosing the right income tax return form for AY 2026-27 depends on income sources. Individuals can now report two house properties using I...
- ITR-4 or ITR-3? Know which ITR form to file under presumptive taxation scheme and the documents requiredTaxpayers using the presumptive taxation scheme must select the correct Income Tax Return form. Generally, ITR-4 is suitable for individual...
- Employee wrongly reported Rs 65.21 lakh VRS payout in ITR, lost tax relief; ITAT Pune rules the amount is not taxable and grants him reliefEmployee got Rs 65.21 lakh as VRS after company shut plant, but wrong ITR reporting led to tax dispute; ITAT Pune rules in his favour and g...
- Incomes that are exempted under the new tax regimeThough an individual cannot claim certain deductions in the new tax regime, however, a certain type of incomes remain tax-exempted under th...
- Budget 2018: Employment-related payments get taxableA wide range of income received — say non-compete payments (which sometimes did not fit the above definitions of salary or profits in lieu ...
- Jewellery will continue to power top-line growth, says Bhaskar Bhat, Titan"The jewellery category is a $40 billion category and at 5% market share our future growth will be ensured in a way," Bhaskar Bhat said
- Plus and minus points of Senior Citizens’ Savings SchemeSCSS offers tax benefits under Sec 80C and allows premature withdrawals. However, there are a few problems that need to be fixed.
- Query Corner: TaxationOur expert guides you in matters relating to taxation.
- Dropping retirement benefit account system from DTC was unfortunateThe new Direct Tax Code is now well on its way to becoming the law of the land. From April 1, 2011, many things will change, but compared t...
- JK govt allocates Rs 40 crore VRS in PSUsJammu and Kashmir government has allocated Rs 40 crore for a Voluntary Retirement Scheme for employees of public service units in the state.
- Panel wants tax parity for MNCs, local cosThe working group on non-resident taxation, set up by the finance ministry and headed by the director-general of income-tax (international ...
- Strategy under uncertainty: the privatisation optionEconomictimes.com reproduces the speech delivered by Pradip Baijal, Secretary, Ministry of Disinvestment, at the Delhi edition of the semin...
- TN budget proposes fresh taxesCHENNAI: Reeling under severe financial crisis for the second year in row, the Tamil Nadu government has come out with a tough budget for 2...
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