VRS compensation for PSUs under DHI method. If a person completes more than 30 years of service and balance service of more than 60 months of service, what would be the calculation. Please clarify on this matter with example
From India, Chennai
From India, Chennai
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Any VRS compensation should be Income Tax rebate. So far my knowledge goes, there is guideline under ITAX and subject to maximum 5 lakhs is available as ITAX exemption if the scheme is as per guideline of ITAX.
Please discuss with your finance department specially those who are dealing with ITAX and act accordingly.
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
From India, New Delhi
334Please discuss with your finance department specially those who are dealing with ITAX and act accordingly.
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
From India, New Delhi
If You Are Knowledgeable About Any Fact, Resource or Experience Related to This Topic and Want to Be Part of our support system - Please Register and Log In to CiteHR.
Published_draft _rules_on Employees_ compensation 3.6.2020.pdf
Compensation Benchmarking Survey.doc