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EMPLOYER VRS SCHEME
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...- UPS for Railway employees: Assured pension, VRS and one-time switch to NPS explainedThe Ministry of Railways has announced the Unified Pension Scheme rules for employees covered under the National Pension System. Employees ...
- Retiring early? Know how much tax exemption can employees claim for VRSYou can claim full tax exemption on VRS if the scheme was launched under special framework; Know how it works for employees claiming VRS.
- 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
- ET Prime Special Series: Multibagger or IBC - Part 72: Its profit finally came from the factory. The question is about durabilityThe largest single liability on this automobile supplier's balance sheet is not a bank loan. It is a lease, tied to an entity controlled by...
- Banker's yield to maturityThis study aimed at looking at the micro-level impact of VRS on bank employees. The attempt was to look at it from the perspective of the e...
- Auto, manufacturing firms roll out VRS to streamline operations amid Covid-19Labour and employment lawyers said there has been an increase in VRS offers being rolled out by companies in the last few months after the ...
- SBI moots VRS scheme to optimise costs, about 30,000 employees eligibleBesides, the draft scheme, seen by , said it will provide an option and a respectable exit route to employees who have reached a level of s...
- Nokia paid Rs 250 crore compensation under VRS to 5,600 employeesFinland-based Nokia has paid about Rs 250 crore as compensation to employees of its Chennai manufacturing facility, who opted for the volun...
- 5,000 employees opt for Voluntary Retirement Scheme at Nokia Chennai factoryNokia India Employees Union sources said employees who had opted for the scheme, which entitles a benefit of around Rs 2L, did so out of fe...
- Voluntary retirement scheme is optional to employees, says NokiaFinnish handset major Nokia today said the voluntary retirement scheme announced by the company for the employees of its facility near here...
- 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 ...
- CIL offers VRS for non-technical women workersAlmost all of CIL’s 26,000 female employees have been appointed on compassionate ground and are employed on non-technical work.
- Employees can't claim VRS benefit as matter of right: Supreme CourtNo employee, as a matter of right, can seek the benefits of voluntary retirement scheme.
- No voluntary retirement can be allowed in absence of VRS: CATThe Central Administrative Tribunal (CAT) has held that a government employee cannot be granted voluntary retirement unless a scheme exists...
- Employee has no automatic right for availing VRS: SCA government employee cannot derive an automatic right for availing a voluntary retirement scheme (VRS) merely because he was initially giv...
- VRS is not a dirty word anymoreThe corporate scene in India today is completely different from what it was a decade or so ago.
- More pains than gains in bonanza for VRS takersHere's some bad news for those who were celebrating that VRS takers above 55 will be eligible for the senior citizen scheme.
- Govt to offer PSU staffers VRS with life insuranceThe voluntary retirement schemes (VRS) for employees of public sector enterprises (PSE) are going to be more attractive. The government is ...
- Joshi set to clear proposed Maruti Udyog divestmentHeavy Industry Minister Manohar Joshi may clear the proposed Maruti privatisation plan agreed by Suzuki and the Disinvestment Ministry. Jos...
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