Searched for
RETRENCHMENT COMPENSATION TO EMPLOYEE
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...- Employees terminated for business reasons are entitled to compensation and re-skilling funds under New Labour CodeNew central government rules under the Labour Code offer significant benefits to employees facing job loss due to business reasons. These w...
- Can you be fired from job despite achieving your annual target? Know what the labour law saysMeeting annual targets doesn't guarantee job security in the private sector. Labour laws, particularly the Industrial Disputes Act, offer p...
- Your in-hand salary may not change under the new labour code yet, know whySalaried employees are yet to see benefits from the new labour codes due to delayed state-level implementation. While some aspects like ESI...
- Why Strong Performers Are Not Always Safe When Companies Cut JobsEmployees often believe good performance ensures job security, but company layoffs are driven by business needs, not individual merit. Stra...
- Laid off by Oracle? Here’s how to calculate your severance pay and legal entitlementsIn India, many employees who laid-off by their respective companies remain unaware of their legal rights. The article clarifies notice peri...
- Medical leave exhausted, leave without pay option exercised; when and if termination will follow? What does labour law sayEmployees exceeding their leave quota may face termination if it's coupled with poor performance and lack of communication. Indian labour l...
- Termination to be less painful under new labour codes: Employees to get funds for re-skilling in addition to retrenchment compensationEmployees laid off will receive additional funds for skill enhancement, complementing their severance pay. With the new labor codes set to ...
- What employees lose when forced to resign instead of being fired by employerThese days when a employee is fired from the job, the company asks them to tender resignation. However, when an employee is forced to volun...
- Moonlighting: Staff can't take up work that's against company's interests, says govtMoonlighting refers to a full-time employee of a company taking up an additional job, usually without the employer's knowledge. There have ...
- Air India buyer may be allowed to retrench staff in a yearThey will be retrenched through the government’s voluntary retirement scheme (VRS), where an employee gets an amount that’s equivalent to m...
- Assam enacts a major labour reform, employers can now fire 300 staff without prior govt nodThe Bill raised the threshold on number of employees from 100 to 300 to allow retrenchment of employees without seeking prior approval.
- 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...
- Former Air India employees win retrenchment compensationNine former Air India staffs of its Singapore office have won SGD 25,667 shortfall in retrenchment compensation at the Industrial Arbitrati...
- Employees lay-offs least likely tool for cost cutting in IndiaRetrenchment of employees is the least likely cost-cutting tool for Indian companies, compared to their global peers, and they would be the...
- Economic survey calls for Factories Act amendmentAt a time when job losses are on the rise worldwide, the pre-Budget Economic Survey has suggested doing away with the rule of procuring pri...
- Shut units can terminate staff: SCThe Supreme Court on Tuesday ruled that the termination of services on account of closing down of a unit or undertaking which has no functi...
- GoM clears contract labour in 13 areasIn a positive signal to the international business community, the Group of Ministers (GoM) on contract labour on Wednesday put its “in prin...
- Labour panel recommends hire & fireThe second National Commission on Labour and the group of ministers on labour seem to speak in the same voice.
- 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...
Load More
