Income Tax benefits for NPS

Income Tax benefits for NPS New Delhi: At the investment stage, National Pension System (NPS) offers the income tax benefits under different sections of the Income Tax Act - Section 80CCD (1), Section 80CCD (1b) and Section 80CCD (2). NPS is especially useful for investors who may have exhausted the Rs 1.5 lakh investment limit under Section 80C but want to save more. Under Section 80CCD ...

Clarification on Dearness Allowance: Pension under the Swatantrata Sainik Samman Pension Scheme, 1980 in respect of freedom fighter

Enhancement of pension under the Swatantrata Sainik Samman Pension Scheme, 1980 in respect of freedom fighter and their eligible dependents-Clarification on Dearness Allowance-regarding GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF EXPENDITURE CENTRAL PENSION ACCOUNTING OFFICE TRIKOOT-II, BHIKAJI CAMA PLACE, NEW DELHI-110066 PHONES : 26174596, 26174456. 26174438 CPAO/IT&Tech/Freedom...

Filing of Immoveable Property Returns under Rule 16(2) of AIS(Conduct) Rules, 1968

Filing of Immoveable Property Returns under Rule 16(2) of AIS(Conduct) Rules, 1968 No. 11017/02/2017-AlS-II Government of India Ministry of Personnel, PG & Pensions Department of Personnel & Training North Block, New Delhi, Dated the 23rd January, 2017 The Chief Secretaries of All States/UTs Subject: Filing of Immoveable Property Returns under Rule 16(2) of AIS(Conduct) Rules, 1968. Sir, I ...

7th Pay Commission unhappiness - BSF, Army Pay Parity remains Elusive

7th Pay Commission unhappiness - BSF, Army Pay Parity remains Elusive 7th Pay Commission - Nearly two weeks after soldiers from several central paramilitary forces went public with their grievances, documents reveal the stark disparity between the Indian Army and the Border Security Force (BSF). Salary documents provided by the BSF, reveal there is a difference ranging from 2.5% to 48%,...

Budget 2017 - EC's Order could bring Cheer to Central Government Employees

Budget 2017 - EC's Order could bring Cheer to Central Government Employees Budget 2017 will be keenly watched by millions of CG employees, after waiting patiently for months over hike in allowances as recommended by the 7th Pay Commission. A new development on Monday could still raise hopes for about 47 lakh Central government employees and 53 lakh pensioners, of which 14 lakh employees and...

Loans and Advances by the Central Government - Interest rates and other terms and conditions

Loans and Advances by the Central Government - Interest rates and other terms and conditions F.No.5(3)-B(PD)/2016 Government of India Ministry of Finance Department of Economic Affairs New Delhi, the 6th January, 2017 OFFICE MEMORANDUM Subject:- Loans and Advances by the Central Government - Interest rates and other terms and conditions. Reference this Ministry's Office Memorandum...

Varishtha Pension Bima Yojana - 2017

Varishtha Pension Bima Yojana - 2017 Ministry of Finance Press Information Bureau, Government of India 24-January, 2017 Varishtha Pension Bima Yojana - 2017 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its post-facto approval for launching of Varishtha Pension Bima Yojana 2017 (VPBY 2017). It is a part of Government’s commitment for financial inclusion and...

Cabinet approves a New Scheme for promotion of Rural Housing in the country

Cabinet approves a New Scheme for promotion of Rural Housing in the country The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved a new scheme for promotion of Rural Housing in the country. The Government would provide interest subsidy under the scheme. Interest subsidy would be available to every rural household who is not covered under the Pradhan Mantri Aawas Yojana...

7th Pay Commission related demands - Central Government Employees Strike postponed to 16th March 2017

7th Pay Commission related demands - Central Government Employees Strike postponed to 16th March 2017 7th Pay Commission related demands - Central Government Employees Strike postponed to 16th March 2017 - Confederation communicates Strike postponment notice and Charter of Demands to Cabinet Secretary Ref: Confdn/Strike/2016-19 Dated : 23rd January 2017 To, The Cabinet Secretary Cabinet Secretariat Government...

One Rank One Pension (OROP) Veterans on fast for full OROP

One Rank One Pension (OROP) Veterans on fast for full OROP Ex-servicemen's groups demanding the “full implementation” of the one rank, one pension (OROP) scheme at Jantar Mantar have once again intensified their agitation since last week. Three veterans - Mrs. Sudesh Goyat, Hav. Major Singh and Hav. Mohinder Singh - have been on a fast-unto-death since January 15. Ms. Goyat was admitted...

INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2016-17 UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961

​Deduction of tax at source Income-tax deduction from salaries under section 192 of the Income-tax Act, 1961 CIRCULAR NO : 01/2017 F.No.275/192/2016-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi Dated the 2nd January, 2017 SUBJECT: INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2016-17 UNDER SECTION 192 OF...

Government lays down specific timeline for completing enquiry against officers and members of All India Services

Govt lays down specific 'timeline' for completing enquiry against officers and members of All India Services Government has laid down specific timeline for completing enquiry against officers and members of All India Services (AIS) within a given deadline, in a time-bound manner. Giving details about the DoPT (Department of Personnel & Training) decision, Union Minister of State (Independent ...

Filing of Immoveable Property Returns under Rule 16(2) of AIS(Conduct) Rules, 1968

Filing of Immoveable Property Returns under Rule 16(2) of AIS(Conduct) Rules, 1968 No. 11017/02/2017-AIS-III Government of India Ministry of Personnel, PG & Pensions Department of Personnel & Training North Block, New Delhi, Dated the 23rd January, 2017 The Chief Secretaries of All States / UTs Subject: Filing of Immoveable Property Returns under Rule 16(2) of AIS(Conduct) Rules, 1968. Sir, 2.2016, ...

Secretary staff side/JCM writes to Shri Rajnath Singh about the demands of Central Government Employees

Secretary staff side/JCM writes to Shri Rajnath Singh about the demands of Central Government Employees Shiva Gopal Mishra Secretary Ph: 23382286 National council (staff Side) Joint Consulative Machinery for Central Government Employees 13-C, Ferozshah Road, New Delhi-110001 E-Mail : nc.jcm.np@gmail.com No.NC-JCM-2016/7th CPC Dated: January 17, 2017 Shri Rajnath Singh, Hon’ble Home Minister, North...

Income tax exemption limit to be hiked to Rs 3 lakh

Income tax exemption limit to be hiked to Rs 3 lakh New Delhi: The Finance Ministry is considering raising the current tax exemption limit from Rs 2.5 lakh to Rs 3 lakh. "A core commitee for Budget 2017 has proposed to revise tax exemption limit aimed to benefit small taxpayers," a top official involved with the process of Budget told The Sen Times on the condition on anonymity. Income of...

CGHS CONTRIBUTION ENHANCED WITH EFFECT FROM 01.01.2017

CGHS CONTRIBUTION ENHANCED WITH EFFECT FROM 01.01.2017 Consequent to revision in the pay structure of Central Govt. employees, CGHS contribution is going to be enhanced from 01.01.2017 at the following rate : Sr. No.Level in the Pay MatrixContribution per month (Rs) 1Level 1 to 5250 2Level 6450 3Level: 7 to 11650 4Level 12 and above1000 Click here to view the O.M. for change in other...

WE WANT POSITIVE ACTION AND NEGOTIATED SETTLEMENT - CONFEDERATION

WE WANT POSITIVE ACTION AND NEGOTIATED SETTLEMENT - CONFEDERATION AGAIN ASSURANCES WE DON’T WANT ANY MORE ASSURANCES - WE WANT POSITIVE ACTION AND NEGOTIATED SETTLEMENT - SEVEN MONTHS ARE OVER AFTER THE JUNE 30th ASSURANCES - AGAIN SWEET WORDS AND ASSURANCES BY HON’BLE HOME MINISTER AND CABINET SECRETARY - THIS TIME NO TIME FRAME - PENSION COMMITTEE REPORT UNILATERALLY SUBMITTED TO CABINET...