GOVERNMENT REJECTED DEMAND FOR RAISING OF BONUS PAYMENT CEILING TO CENTRAL GOVERNMENT EMPLOYEES

GOVERNMENT REJECTED DEMAND FOR RAISING OF BONUS PAYMENT CEILING TO CENTRAL GOVERNMENT EMPLOYEES F.No.7/4/2014-E-III(A) Government of India Ministry of Expenditure (E-IIIA Branch) North Block, New Delhi Dated the 25th Feb, 2016 To, Sh.Shiva Gopal Mishra Secretary (Staff-side) Joint Consultative Machinery(JCM) 13-C, Ferozshah Road, New Delhi-110001. Subject: Raising of bonus payment ceiling to Central Government employees. Sir, I am directed...

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Clarification about Changes made in the Tax Treatment for Recognised Provident Fund & National Pension System (NPS)

Clarification about Changes made in the Tax Treatment for Recognised Provident Fund & National Pension System (NPS) There seems to be some amount of lack of understanding about the changes made in the General Budget 2016-17 in the tax treatment for recognised Provident Fund & NPS. The following clarifications are given in this matter:- (i) The purpose of this reform of making the change in tax regime is to encourage more number of private sector employees to go for pension security after retirement instead of withdrawing the entire ...

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House Rent Paid : 80GG has also been raised to 60,000 from 24,000

House Rent Paid : 80GG has also been raised to 60,000 from 24,000 The limit of deduction of house rent paid under section 80GG has also been raised to Rs. 60,000 from the existing Rs. 24,000 per annum to give relief to employees who live in rented houses. Certain Tax Reliefs announced for small tax payers and others While presenting the General Budget 2016-17 in Lok Sabha here today, the Union Finance Minister Shri Arun Jaitley said that the taxation is a major tool available to Government for removing poverty and inequality and this has to...

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Management Training for Retiring Defence Personnel

Management Training for Retiring Defence Personnel Ministry of Defence Press Information Bureau Government of India 01-March, 2016 Approximately, 55,000 personnel retire annually from the armed forces. Government is providing training to the armed forces personnel before their retirement. The details of training provided by Government to armed forces personnel including Short Service Commissioned officers is as under: DETAILS OF TRAINING COURSES: Officers’ Training: 24 Weeks Management Courses at IIMs and other reputed B-Schools Modular...

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Key Features of Budget 2016-2017

Key Features of Budget 2016-2017 INTRODUCTION : Growth of Economy accelerated to 7.6% in 2015-16 CHALLENGES IN 2016-17 : Risks of further global slowdown and turbulence. ROADMAP & PRIORITIES :  ‘Transform India’ to have a significant impact on economy and lives of people AGRICULTURE AND FARMERS’ WELFARE : Allocation for Agriculture and Farmers’ welfare is Rs. 35,984 crore RURAL SECTOR : Allocation for rural sector – Rs.87,765 crore. SOCIAL SECTOR INCLUDING HEALTH CARE : Allocation for social sector including education...

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Demand for MACP in promotional Hierarchy has been dismissed – Dopt Orders

No. 22034/04/2013-Estt.(D) Government of India Ministry of Personnel Public Grievance & Pensions Department of Personnel & Training *** North Block, New Delhi Dated: 01.03.2016 Office Memorandum Subject :- References/Representations/Court Cases in various Ministries/Departments/Organisations for grant of MACPS benefits in the promotional hierarchy – reg. *** In continuation of DOPT’ s earlier O.M. of even no. dated 20.01.2016 on the above mentioned subject, the undersigned is directed to forward a copy of the decision...

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Online petition against retirement tax goes viral

Online petition against retirement tax goes viral An online petition against retirement tax has gone viral on social media with nearly 3,000 signups seeking urgent and immediate withdrawal of Provident Fund Tax just a day after it was announced in the Budget. The petition was started by a finance professional from Gurgaon, Vaibhav Aggarwal, and nearly 3,000 people have already supported his appeal to Finance Minister Arun Jaitley to immediately withdraw the decision to tax EPF. Budget for 2016-17 seeks to impose a retirement tax at the...

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Finance Minister not given assurance for reviewing the retrograde recommendations of 7th CPC – NFIR

Finance Minister not given assurance for reviewing the retrograde recommendations of 7th CPC – NFIR NFIR National Federation of Indian Railwaymen 3, Chelmsford Road, New Delhi 110 055 Press Statement of M.Raghavaiah, General Secretary Finance Minister Arun Jaitley’s Budget (2016-17) failed to address the genuine aspirations of working class. The Income Tax Exemption limit for serving and retired Central Government employees has not been revised. The Fixed Medical Allowance for Retired Central Government employees has not been raised...

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