Tuesday, August 8, 2017

7th Pay Commission: New allowances to come under income tax

7th Pay Commission: New allowances to come under income tax New Delhi: A Senior Finance Ministry official said income tax will be imposed on the New allowances of central government employees under 7th Pay Commission recommendations from financial year 2017-18. The Finance Bill 2017 proposed tax treatment on basic salary, bonus and allowances etc for both government and non-government...

7th CPC Allowances query Central Government employees: Reason for saving of 40,000 crores by delaying tactics

7th CPC Allowances query Central Government employees: Reason for saving of 40,000 crores by delaying tactics Government of India Ministry of Finance Department of Expenditure RAJYA SABHA UNSTARRED QUESTION NO. 1833 TO BE ANSWERED ON TUESDAY, THE 1ST AUGUST, 2017 SHRAVANA 10, 1939 (SAKA) RECOMMENDATIONS OF COMMITTEE ON ALLOWANCES ON 7TH CPC QUESTION 1833. SHRI NEERAJ SHEKHAR: Will the...

Travelling Allowance to Railway staff - Implementation of Ministry of Finance notification on the report of Seventh Central Pay Commission

Travelling Allowance to Railway staff - Implementation of Ministry of Finance notification on the report of Seventh Central Pay Commission No. I/5(F) Dated: 07/08/2017 The Secretary (E), Railway Board, New Delhi Dear Sir, Sub: Travelling Allowance to Railway staff - Implementation of Ministry of Finance notification on the report of Seventh Central Pay Commission-reg. Ref:  O.M. No. 19030/1/2017-E.IV...

7th CPC Transport Allowance to Railway Employees

7th CPC Transport Allowance to Railway Employees NFIR National Federation of Indian Railwaymen No. IV/NIFIR/7th CPC(IMPL)/Allowance 2016/Pt.I Dated: 03/08/2017 The Secretary (E), Railway Board, New Delhi Dear Sir, Sub: Transport Allowance to Railway Employees - reg. Ref: Ministry of Finance (Department of Expenditure) O.M. No.2115/2017-E III(B) dated 71712017 & 210812017 . In the Standing...

GST Council Recommends Increase in Maximum Ceiling of Cess Leviable on Motor Vehicles Falling Under Headings 8702 and 8703 to 25% Instead of Present 15%

GST Council Recommends Increase in Maximum Ceiling of Cess Leviable on Motor Vehicles Falling Under Headings 8702 and 8703 to 25% Instead of Present 15%  The GST Council considered the issue of cess leviable on motor vehicles in its 20th meeting held on the 5th of August 2017 and recommended that Central Government may move legislative amendments required for increase the maximum ceiling...

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