DEAR FRIENDS
KINDLY LET ME KNOW THAT
1. AMOUNT RECD. UNDER VOLUNTARY RETIREMENT SCHEME AVAILED BY DOCTORS (GOVT.EMPLOYEES) IS FULLY EXEMPT OR UPTO RS. FIVE LAC.
2. TAX CONSEQUENCES OF VRS.
THANKS
REENA JAIN
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Vrs exemption for govt.employees
Replies (5)
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VRS retirement benefits are fully exempt.
compensation received on VRS is fully exempted if it is received from
1. local authority
2. university
3. IIT
4. state govt.
5. central govt.
6. authority established under state, central or provincial act
7. public sector company
8. co-operative society
For Govt empolyees, amount received on VRS is fully exempt.
yea..... exempt 4 gov. employee
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