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
AnswerC.
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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