Sunday, September 20, 2015

Seventh Pay Commission: Employees’ delight, government's despair

Posted by Government Staff on 6:20 PM. ,,,,,,, - No comments

Seventh Pay Commission: Employees’ delight, government's despair New Delhi: The Seventh Pay Commission report is awaited, the new pay scales will be applicable to Central government employees with effect from January 2016. 50 lakh central government employees and 56 lakh pensioners including dependents hope to get this gift from April next year. The revised pay scales are likely to be implemented...

NPS returns are market linked - Tax Benefit on NPS

Posted by Government Staff on 9:03 AM. ,,,, - No comments

NPS returns are market linkedAn investor within the scheme has an option to choose funds based on her level of safety and risk in addition to choosing her own fund manager The National Pension System (NPS) has been advertising a lot about the new tax deduction of Rs.50,000 for tax payers. I wanted to know more about the new deduction under section 80CCD(1)(b). Is this available only for people whose...

Full Pension on less than 30 years & more than 20 years of Qualifying Service for Pre-2006 pensioners

Posted by Government Staff on 8:58 AM. ,,,, - No comments

FULL PENSION FOR THOSE WITH LESS THAN 30 YEARS but MORE THAN 20 YEARS QSIn view of the fact that review Petition filed by UOI RP (C) NO. 2565/2015 in SLP (C) No. 6567/2015 UOI Vs M.O. Inasu dismissed by HSC on 28.8.2015, and Following file notings of DOPW (obtained under RTI) let us hope DOP&PW will now issue necessary instructions extending benefit of full min. pension to all pre 2006 pensioners...

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