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Posted under News on 01 Mar,15 1:05p.m.
The finance minister Arun Jaitley during the course of his budget speech today remarked: “After taking into account the tax concession given to middle class tax payers in my last Budget and this Budget, today an individual tax payer will get tax benefit of Rs 4,44,200.”The details are provided in the annexure to the budget speech (which is reproduced below).Deduction u/s 80C  &....
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Posted under News on 01 Mar,15 12:50p.m.
Government employees have been barred from using private e-mail services for official communications.“Users shall refrain from using private e-mail servers from government network. E-mail service authorised by the government and implemented by the IA (Implementing Agency under this policy is NIC) shall only be used for all official correspondence,” said the policy on use of IT resources notified ....
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Posted under News on 01 Mar,15 9:59a.m.
The salaried class, who were expecting a middle class friendly budget landed for a huge disappointment. The budget offers no personal taxation relief to tax payers. The very meager benefits were the increase in exemption limits of transport allowance by Rs. 800 to 1600pm, which would result in a reduction of IT payment by Rs. 2880 if you are 30% slab. The Mediclaim policy limit had been increased ....
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Posted under News on 28 Feb,15 10:08p.m.
The 14th Finance Commission has suggested linking pay with productivity with a focus on technology, skills and incentives, a move aimed at raising the productivity of government employees.The panel has recommended that in future additional remuneration be linked to increase in productivity.The Seventh Pay Commission is expected to submit its recommendations by August and it has been asked to look ....
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Posted under News on 28 Feb,15 9:14p.m.
The Union Government is considering raising the retirement age for scientists in Council of Scientific and Industrial Research (CSIR) labs and other institutions under the Ministry of Science and Technology and Earth Sciences to 65. The present retirement age is 60. The proposed increase would be on par with university teachers and other national institutions of the Ministry of Human Resources Dev....
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Posted under News on 28 Feb,15 2:28p.m.
Finance Minister Arun Jaitley in his Budget did not provide tax breaks to the middle class, which was very disappointing. There were only some minor relief for the salaried class who where expecting much from the FM. The only direct benefits are the followsMedical reimbursement/Mediclaim deductions under section 80D have been raised from Rs 15,000 to Rs 25,000; and Rs 30,000 for senior citizens.&n....
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Posted under News on 22 Feb,15 9:47p.m.
EPFO is planning to provide medical benefits under its pension scheme through the Employees' State Insurance Corporation, a move which would immediately benefit around 46 lakh pensioners. The Employees' Provident Fund Organisation's (EPFO) Pension & EDLI Implementation Committee (PEIC) has recently concluded in its meeting held on January 30 that the pensioners should be extended the facility ....
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Posted under News on 22 Feb,15 1:46p.m.
A survey carried out by industry body Assocham has found that a majority of salaried employees want Finance Minister Arun Jaitley to increase the income tax exemption in the forthcoming Budget.A hike in income tax exemption from Rs. 2.5 lakh to Rs. 3 lakh will lead to savings of up to Rs. 5,000 for those who fall in the Rs. 2.5 lakh to Rs. 5 lakh tax bracket. Those in the Rs. 5 lakh to Rs. 10 lakh....
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