Expected DA Calculation will play vital role in determining Fitment Factor of 7th CPC

Expected DA Calculation will play vital role in determining Fitment Factor of 7th CPC Expected DA from January 2016 likely to change the Fitment Factor of 7th CPCAt the end of the Sixth CPC Regime all the Central Government servants are at the verge of receiving their last installment of Dearness Allowance in Sixth Pay Commission. Almost the DA from January 2016 will be finalized after the release of AICPIN for the month of December 2015. The eleven months AICPIN Points released from January 2015 to November 2015 by Labour Bureau suggests that...

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Implementation of digital signed pension revision authorities in all banks

Implementation of digital signed pension revision authorities in all banks 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/Tech/e-PPO/2015-16/719 Dated 11/01/2016 Office Memorandum Subject: Implementation of digital signed pension revision authorities in all banks. After the implementation of paperless movement of digitally signed e-Revision authorities with four banks i.e. SBI, Chandani...

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Issue of IT Refunds of Smaller Amounts

Issue of IT Refunds of Smaller AmountsIn an initiative to reduce taxpayer grievances and enhance the taxpayer satisfaction, the Central Board of Direct Taxes had issued instructions to Central Processing Center (CPC), Bengaluru and the field officers in December, 2015 to issue refunds of amounts less than Rs.50,000/- expeditiously.As a result of the special drive to issue smaller refunds, 18,28,627 refunds below Rs.50,000/- involving a sum of Rs.1,793 crore have been issued between 1st December, 2015 and 10th January, 2016. These refunds relate...

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