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RETRENCHMENT COMPENSATION
New labour code impact: Rs 8k less take home pay likely for employee with Rs 15 lakh CTC; check the impact on CTCs of Rs 10 lakh, Rs 25 lakh and Rs 50 lakh- Retiring early? Know how much tax exemption can employees claim for VRS
- Is severance pay received under a VRS taxable for all employees? Know what the Income Tax law says
- 'Resign or we will terminate you': HC advocate shares how to avoid this HR ultimatum and forced resignation trapCompanies often pressure employees into resigning to avoid legal obligations. As per a HC advocate, a forced resignation under threat is no...22 Jul, 2026, 03.22 PM IST
- Salary has to be paid before 7th day of the succeeding month under new labour code; Know what else the new labour code says about salary timelineUnder the new labour code, employers must pay salaries by the seventh day of the following month. Daily wage workers must be paid at the en...20 Jul, 2026, 11.03 AM IST
- 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...18 Jul, 2026, 03.08 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
- 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...27 May, 2026, 07.11 AM IST
- Employer can’t punish you for taking entitled leaves under New Labour Code 2025: know moreNew labour code 2025 ensures employees cannot face penalties for utilizing their full leave entitlements. Employers are barred from reducin...29 Jan, 2026, 07.45 PM IST
- 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 ...26 Nov, 2025, 06.25 PM IST
- 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...10 Jan, 2023, 06.10 PM IST
- 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 ...20 Dec, 2022, 06.49 AM IST
- Lay offs are deemed illegal if not carried as per Industrial Disputes Act: Minister Bhupender YadavAmid reports of mass layoffs by several firms, including in the IT sector, Labour and Employment Minister Bhupender Yadav on Thursday said ...08 Dec, 2022, 05.06 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
- 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...03 Mar, 2012, 10.30 AM IST
- 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...02 Jul, 2009, 02.15 PM IST
- Package to hike worker's compensation 3 timesGovernment is likely to enhance retrenchment compensation for workers of the organised sector to more than 45 days per year from the existi...10 Oct, 2007, 08.02 PM IST
- 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...15 Aug, 2007, 03.36 AM IST
- 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...14 Aug, 2003, 07.37 AM IST
- Labour panel recommends hire & fireThe second National Commission on Labour and the group of ministers on labour seem to speak in the same voice.03 Jul, 2002, 03.50 AM IST
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