VRS (Voluntary Retirement Scheme) – exemption from income tax

Voluntary retirement scheme (VRS) is an early retirement option given by the employer to its eligible employee by compensating them for taking a early retirement. Most of the public sector banks, PSU and private companies opted for voluntary retirement scheme (VRS) in past to restructure there organization. Voluntary retirement scheme (VRS) is also accepted by … Read More » "VRS (Voluntary Retirement Scheme) – exemption from income tax"