7th Pay Commission: In 70 years, senior government officials salary hiked from Rs 2,000 to Rs 2.50 lakh

7th Pay Commission: In 70 years, senior government officials salary hiked from Rs 2,000 to Rs 2.50 lakh The 7th pay commission has recommended a 14.27% increase in the basic pay of government employees. 1. In the last 70 years, the government has announced 7 pay commissions. 2. In 1947, govt officials lowest salary was Rs 55 per month. 3. The 7th pay commission has recommended a hike of 14.27 pc in govt employees salary. In the...

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GST will not lead to job losses at central excise dept, assures Jaitley

GST will not lead to job losses at central excise dept, assures Jaitley New Delhi: Ahead of the rollout of GST, Finance Minister Arun Jaitley today sought to address concerns of job loss from reduced work of central excise and service tax officials, saying they should have no insecurity as enough work and opportunities will be available to them in the new indirect tax regime. "I see no reason really for disquiet for the simple reason (that) opportunities which are available to people in service and the matter of policy and constitutional...

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TDS on approved Provident and Superannuation Funds as per Income-Tax Act

TDS on approved Provident and Superannuation Funds as per Income-Tax Act TDS on payment of accumulated balance under recognised provident fund and contribution from approved superannuation fund Ministry of Finance has issued a circular about details of TDS on approved Provident and Superannuation Funds as per Income-Tax Act TDS ON PAYMENT OF ACCUMULATED BALANCE UNDER RECOGNISED PROVIDENT FUND AND CONTRIBUTION FROM APPROVED SUPERANNUATION FUND:     The   trustees of a Recognized Provident Fund, or any person  ...

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Revision of rates of subscription under Central Government Health Scheme as per 7th CPC

Revision of rates of subscription under Central Government Health Scheme as per 7th CPC No.S.11011/11/2016-CGHS(P)/EHS Government of India Ministry of Health and Family Welfare EHS Section Nirman Bhawan, New Delhi Dated the 13th January, 2017 OFFICE MEMORANDUM Sub: Revision of rates of subscription under Central Government Health Scheme due to revision of pay and allowances of Central Government employees and revision of pension/ family pension on account of implementation of recommendations of the Seventh Central Pay Commission. In...

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Clarifications on implementation of GAAR provisions under the Income Tax Act, 1961

Clarifications on implementation of GAAR provisions under the Income Tax Act, 1961 The General Anti Avoidance Rule (GAAR) provisions shall be effective from the Assessment Year 2018-19 onwards, i.e. Financial Year 2017-18 onwards. The necessary procedures for application of GAAR and conditions under which it shall not apply, have been enumerated in Rules 10U to 10UC of the Income-tax Rules, 1962.The provisions of General Anti Avoidance Rule (GAAR) are contained in Chapter X-A of the Income Tax Act, 1961. Stakeholders and industry associations...

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