VRS Calculator
Calculate the compensation amount for Voluntary Retirement Scheme (VRS).
Service Details
20 Years
60 Months
VRS Compensation
Estimated Compensation
₹3,000,000
Exempt up to ₹5 Lakhs u/s 10(10C).
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VRS is a scheme where an employee is offered to voluntarily retire from services before the retirement date. The compensation is usually a lump sum amount based on years of service and remaining service.
Frequently Asked Questions
Is VRS tax free?
Compensation received under VRS is exempt from tax up to ₹5 Lakhs under Section 10(10C).