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VOLUNTARY RETIREMENT OFFERS
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...- Will Rs 32 lakh EPF corpus withdrawal be tax-free? Are there better options than withdrawing?ET Wealth Reader's Query: I contributed to EPF until 2021 while working at an MNC. Since moving to a startup in 2022 that doesn’t offer PF,...
- PSU closure: Govt sets in motion new move after years wasted in stop-start processThe Centre is pushing ministries to accelerate the closure of unprofitable state-owned companies. Progress has been slow despite a policy a...
- NPS growth, performance, market-linked annuities; Sriram Iyer, CEO of HDFC Pension, talks about India’s changing retirement landscapeIndia's retirement planning is evolving with rising private sector NPS participation and evolving annuity products. While government contri...
- Can salary-linked SIPs transform mutual fund investing for salaried Indians? Experts weigh inSebi has proposed a framework allowing salaried employees to invest in mutual funds through salary deductions, similar to EPF and NPS. This...
- Tata Motors rolls out VRS after union push; around 300 employees opt inTata Motors recently offered a voluntary retirement scheme to its employees. This initiative was a response to demands from worker unions. ...
- Cboe to cut staff by 20% as exchange operator sharpens focus on core businessCboe Global Markets' CEO Craig Donohue on Friday outlined plans to sharpen the exchange operator's focus on key businesses, including a 20%...
- US tech giant Microsoft announces voluntary retirement: What is it, who is eligible and what is the math used in calculation?Microsoft's voluntary retirement: US tech company Microsoft has announced its first-ever voluntary retirement program and the scheme is ope...
- Was Nancy Guthrie threatened at gunpoint by kidnappers? FBI profiler revisits chilling night of Savannah Guthrie’s mother's disappearance, comes up with shocking theoryThe Nancy Guthrie abduction case remains a mystery as the investigation nears three months. Retired FBI profiler Jim Clemente suggests bloo...
- After layoffs, Microsoft targets 7% of US workforce for buyouts - who’s affected?Microsoft is offering voluntary retirement buyouts to approximately 7% of its U.S. workforce for the first time in its 51-year history. Thi...
- MTNL approves reduction in employee cost by offering Voluntary Retirement SchemeMahanagar Telephone Nigam has approved a Voluntary Retirement Scheme (VRS) aimed at reducing employee costs, modeled substantially on the G...
- Air India makes voluntary retirement offer to staff a second timeThere has been a request from employees for extending the additional benefit of voluntary retirement to other permanent employees as well. ...
- Air India announces voluntary retirement for cabin crew, relaxes age criteria to 40 years from 55As per the existing applicable Service Regulations/Standing Orders of Air India, permanent employees can avail Voluntary Retirement subject...
- Pfizer offers voluntary retirement scheme for field staffOver the past few years, the company has been on a journey to reshape itself into a more growth-oriented and innovative biopharma company, ...
- BPCL offers voluntary retirement scheme to employees ahead of privatisation"The Corporation has decided to offer a Voluntary Retirement Scheme (VRS), with a view to enable employees, who are not in a position to co...
- Colgate-Palmolive India announces VRS for toothpowder plant employees at WalujFMCG major Colgate-Palmolive India announced a voluntary retirement scheme (VRS) for employees at its toothpowder manufacturing facility at...
- Tata Motors to offer voluntary retirement scheme to a section of employeesAsked how many employees would be offered the VRS, Tata Motors MD Karl Slym said it would be a "very minor" number.
- BSNL wants to offer voluntary retirement to 1 lakh employees"If these people opt for VRS, salary burden of the company will come down to 10-15 pc, which is manageable," a top official said.
- Narendra Modi: Govt shows 'Sadbhavana' by granting VRS to IAS officer Jaswinder Singh RanaRana won a case in the Central Administrative Tribunal (CAT) in July 2011 for getting voluntary retirement benefits with retrospective effe...
- Hit 55 and you can be on Cloud 9Senior citizens who have taken voluntary retirement will be eligible to invest their funds in the 9% Senior Citizens Savings Scheme at the ...
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