Discontinuation of ad-hoc promotion for officials of CSSS
official who has refused regular promotion and consequently debarred shall not be appointed/promoted to next higher grade on ad-hoc basis during the currency of debarment.
official who has refused regular promotion and consequently debarred shall not be appointed/promoted to next higher grade on ad-hoc basis during the currency of debarment.
The new pension scheme introduced by the Union Government for railway employees has been challenged in the Madras Bench of the Central Administrative Tribunal.
Centralized Processing Center’s have been set up all over the country with the primary objective of processing returns on a bulk processing basis instead of case by case Processing. The automated environment at CPC requires forms to be designed in manner which would double the digitization productivity.
CBDT (Central Board of Direct Taxes) has come up with two new Income tax returns known as Sahaj (previously called as ITR-1) and Sugam (for business income previously called as ITR-4S).
The Pension Fund Regulatory and Development Authority (PFRDA) is likely to increase the management fee payable to pension fund managers (PFMs). This to incentivise them to market the national pension system (NPS).
Income tax Department (CBDT) has announced that the Government’s Proposal to exempt salaried people in the income category of Rs.5 lakhs and below per annum will be issued as a notification in the first week of June.
The third meeting of the Joint Committee constituted to examine the anomalies pertaining to the MACP scheme was held under the Chairmanship of Joint Secretary (Estt.) Department of Personnel & Training on 15th March, 2011.
NPS is a well structured Defined Contribution Pension system with well defined system architecture having specified roles of various entities.
NPS is one of the low cost pension systems in the world. The cost structure is also very transparent and there is no hidden cost.
Two different types of mechanisms have been introduced by PFRDA as far as pay out from New Pension Scheme
CRA has launched a new service called as SMS and Email Alert facility for the Subscribers under the New Pension System (NPS). As a part of this new facility, the Subscriber will be able to receive SMS and Email Alerts on the occurance of any one of the following events
The government has decided to issue biometric PAN cards to taxpayers across the country to weed out the problem of duplicate and fake ones.