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TAX TREATMENT OF VRS
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- Fired employee gets Rs 26 lakh severance pay, but didn't pay income tax; loses tax battle in ITAT Hyderabad for this key reasonIn a landmark decision on November 19, 2025, the ITAT Hyderabad ruled that severance packages is to be classified as taxable income under p...05 Dec, 2025, 01.06 PM IST
- 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...04 Mar, 2022, 01.31 PM IST
- New income tax slabs: Will you gain by switching to new regime?Budget 2020 had proposed an alternate income tax structure, which has come into effect fro April 1, 2020. Find out whether you will benefit...03 Jun, 2020, 02.39 PM IST
- Nokia's Chennai plant shutdown a descent into darkness for some, new path for othersLife after Nokia has gained momentum only for a select few like Ebenezer who benefited from Nokia’s cushions for the hard-landing.08 Nov, 2014, 01.18 PM IST
- Nokia India implements 'Bridge' programme to help former employees of Chennai plantNokia India is implementing a 'Bridge' programme for former employees who lost their jobs, providing vital help during a difficult period.18 Jun, 2014, 11.03 AM IST
- Why Nokia India's Chennai plant has become the orphan factoryIn September 2013, Microsoft purchased Nokia’s handset business at the global level for $7.2 billion, a deal it will close tomorrow -- with...24 Apr, 2014, 10.05 AM IST
- Query corner: TaxVaibhav Sankla, Executive Director, Adroit helps with your tax planning.22 Jun, 2010, 12.52 AM IST
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