Pdf – Retrenchment Compensation – Income Tax Act
It refers to terminating the service of an employee by way of punishment for misconduct or unsatisfactory performance. Unsatisfactory performance includes persistent failure of the employee to perform his job to the specified standards. Pdf – https://drive.google.com/file/d/1BVtK8sMy6KhrtMvR30sSMNkUTuWGZMSR/view?usp=sharing Misconduct means willful …
It is the permanent termination of an employee’s service for economic reasons in a going concern. It is termination due to the redundancy of the workforce. It is a business strategy to reduce the company’s expenses. PDF