Changes Proposed in Direct Tax Code related to Section 80 C savings
The proposed Direct Taxes Code has made significant changes to investments that you make to avail of tax deduction, under what is currently called Section 80C provision
The proposed Direct Taxes Code has made significant changes to investments that you make to avail of tax deduction, under what is currently called Section 80C provision
It is seen that conditions for availing exemption from filing of Income tax Return, such as income cap of Rs.5 lakhs, income only from salaries and interest, involvement of no refund claim, salary from only one employer etc., existed last year also, and there is no change as well as no new conditions this year
Income Tax Department has issued Notification No: 9/2012 F. No.225/283/2011-ITA(II) dated 17-2-2012, for exempting filing of Income tax Return for the financial Year 2011-12 (Assessment Year 2012-13).
Government residential accommodations under the administrative control of Directorate of Estates in Delhi and at 31 stations outside Delhi constitute the General Pool residential accommodation (GPRA). Allotment of GPRA is governed as per provisions of the Allotment of Government Residences (General Pool in Delhi) Rules, 1963 and executive instructions issued there under.
Whether Children Education Allowance can be allowed if the employee lost the original School fee receipt ?
The Department of Personnel and Training has come up with yet another clarification OM on Children education allowance payable to Central Government Employees. Development Fee/Parents’ Contribution charged by the school/institution in lieu of tuition fee shall be reimbursed
Pension fund regulator PFRDA has invited bids from financial institutions to manage funds of Central Government Employees under the New Pension Scheme (NPS) for the next three years beginning April 1, 2012.
As per media reports on expected changes in Income tax regulations in the ensuing budget 2012, the present limit of Rs. 1.5 lakh for housing loan interest may be raised to Rs. 3 lakhs.
DOPT has decided to fill up all existing direct recruitment vacancies in the PA grade only by way of promotion through seniority quota as a one-time measure.
Kendriya Vidyalaya Sangathan has issued Admission guidelines for the academic year 2012-13 vide its order F.110331-1/2011/KVSHQ(Acad) dated 31.01.2012.
DOPT has clarified that in case of reverse deputation the employer’s share of Contributory Provident Fund for the period on deputation to the Central Government will be borne either by the employee himself or the borrowing organization
Ministry of Posts, Ministry of Communications and Information Technology has clarified that various allowances and advances which were ordered to be enhanced by 25% once Dearness Allowance crosses 50%,