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Management · Q874

HRM (Human Resource Management)

Graduate and Post Graduate · Management · question 874

Q874

Which of the following is not correct about voluntary retirement scheme in public enterprise?

A.
It was designed to help enterprises rationalise their surplus manpower
B.
Salary for the purpose of VRS consists of basic pay
Answer
C.
Benefits are in addition to money that has accrued to provident fund
D.
Benefit is tax free severance payment

Answer: Option B

Solution

Answer: Option B
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