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Man’s VRS Rs 65.21 lakh payout taxed as salary; ITAT Pune says it is capital receipt

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Times of India
Man’s VRS Rs 65.21 lakh payout taxed as salary; ITAT Pune says it is capital receiptWorldPing
Image via Times of India.

What happened

The man had been employed in Aurangabad.

During FY 2018-19, his employer shut down its Aurangabad plant and introduced a financial scheme for its employees.

The man opted for voluntary retirement under the scheme and received a total payment of Rs 65,21,105.

Key facts

  • During FY 2018-19, his employer shut down its Aurangabad plant and introduced a financial scheme for its employees.
  • The man opted for voluntary retirement under the scheme and received a total payment of Rs 65,21,105.
  • Reported by Times of India and published Wed, 07 Oct 2026 04:44:07 UTC.

Why it matters

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What to watch next

  • Official statements or denials from the governments named
  • Whether other major newsrooms confirm the same details
  • Any follow-up decision, vote or deadline tied to the event

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

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Sources

The original report was published by Times of India. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Times of India

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