Labour and Industrial Relations, News

MADRAS HIGH COURT SAYS ‘NO TAX’ ON VRS FOR STAFFS OF SICK PSU

News Date: 27 Mar 2017

Madras High Court has said Voluntary Retirement Scheme (VRS) package, equal to salary for 72 months, paid to willing employees of Hindustan Photo Film (HPF) Manufacturing Company Limited in Ooty is in nature of compensation and no income tax should be deducted.

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