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Posted under News on 13 Apr,17 3:20p.m.
Retirement fund body EPFO's subscribers will get loyalty-cum-life benefit of up to Rs 50,000 at the time of retirement for contributing to the scheme for 20 years or more.The benefit will also be provided in case of permanent disability even if the members have contributed for less than 20 years, the EPFO board has decided.The Employees' Provident Fund Organisation's (EPFO) apex decision making bo....
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Posted under News on 06 Apr,17 7:56p.m.
Producing fake rent receipts has been common practice in India as it is an easy way to lower tax burden.A salaried employee receiving 'house rent allowance' from the employer could escape paying tax on at least 60% of this amount by generating sham rent receipt.This cavalier disregard of the rule has been overlooked by most employers as well as the IT department this far, but this transgression wi....
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Posted under News on 06 Apr,17 7:53p.m.
A crucial meeting of the allowance committee examining the 7th pay commission recommendations is being held today and the committee may finailise its views on HRA or house rent allowance, a top employee union official said.Earlier, a Press Trust of India report had also said that the HRA part could be finalised by the allowance committee today. Last month, employee representatives had met the Cabi....
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Posted under News on 31 Mar,17 11p.m.
The income-tax department has notified a simplified one-page tax-return form aimed at making it easier for taxpayers to file their annual returns.At the same time, the new form also requires taxpayers to make additional disclosures—including mandatory linking of tax returns with an individual’s Aadhaar number—which will help curb tax evasion.Not only will this make it easier for 50% of the country....
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Posted under News on 30 Mar,17 12:22p.m.
Revised allowances including house rent allowance (HRA) will likely be announced for the central government staff after the ongoing Budget session of Parliament is over on April 12. The finance secretary-led panel, which is giving final touches to the reworked allowances based on the 7th pay panel’s recommendations, will hold its final meeting shortly, sources told FE. The panel met for over three....
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Posted under News on 29 Mar,17 1:41p.m.
The high-level committee headed by finance secretary Ashok Lavasa will finalise its report on payment of allowances to 47 lakh central government employees after receiving comments from ministries on treatment of over a dozen such benefits.The panel, which was asked to examine the 7th Pay Commission recommendation for abolition of 53 allowances out of a total of 196 and subsuming another 36 into l....
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Posted under News on 23 Mar,17 7:31p.m.
The allowance committee on 7th Pay Commission is likely to hold a meeting with employee representatives later this month, Shiv Gopal Mishra, the convenor of National Joint Council of Action (NJCA) told NDTV. After further talks with employee representatives, the 7th Pay Commission allowance panel may submit its report to the government, he added. Minister of State for Finance Arjun Ram Meghwal had....
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Posted under News on 21 Mar,17 11:54p.m.
As per a recent amendment of the service rules by the DoPT, the women central government employees, who have filed a complaint of sexual harassment at the workplace, will get 90 days paid leave during the inquiry period. The move is in wake of complaints of accused trying to influence or threaten survivors of sexual harassment in a few cases.Special leave up to a period of 90 days may be g....
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