Sanction of Prosecution-Checks to avoid delay
Department of Personnel & Training has come up with detailed guidelines to check the delay in grant of sanction of Prosecution by the competent authorities in various Ministries and Departments.
Clarification for term Total Income for exemption from filing Income Tax Return
Ministry finance has explained about the exemption it has granted for Salaried Employees for filing Income Tax Returns for the year 2012-13.
Grant of Selection Grade is MACP
selection grade is to be treated as one promotion/upgradation for the purpose of grant of ACP/MACP, therefore after grant of selection grade on completion of 8 years of service, the second MACP may be granted after completion of 10 years in the grade i.e after 18 years (8+10)
Govt increases the Strength of CSSS officers in Ministry of Health and Family Welfare
Govt increases the Strength of CSSS officers in Ministry of Health and Family Welfare
CGEGIS Management changed to Principal AO, Ministry of Finance
The Controller of General Accounts, Department of Expenditure has informed that the work assigned to his office relating to management of CGEGIS-1980 as prescribed in the CGEGIS Accounting Procedure as per O.M. dated 22.9.1981 has been transferred to Pr.AO, Ministry of Finance. Consequently, certain amendments are made to the Accounting Procedure. All future requirement for…
Insurance Cover under CGEGIS proposed to be raised
After a long wait, Government has proposed to the subscription amount and the Insurance Cover under Central Government Employees Group Insurance Scheme (CGEGIS).
Compilation of Frequently Asked Questions on various Service matters
Principal Controller of Defence Accounts (Research and Development) New Delhi has compiled frequently asked questions on various service matters such as MACP, TA, DA, LTC, GPF, Children Education Allowance
Income tax deduction on housing loan interest – Applicability of condition of three years for completion
We have come across the following question from one of our readers recently regarding Interest paid on borrowed capital for house property (interest paid on housing loan) which is allowed as deduction under Section 24 of the Income Tax Act
Some of lesser known deductions from Taxable Income
Most taxpayers are aware of the deductions available under Section 80C, the tax benefits of medical insurance and the advantages of a home loan. But there are also some inconspicuous sections of the Income Tax Act
New Rates for Central Government Holiday Homes and Touring Hostels
Directorate of Estates, Ministry of Urban Development has revised Room Charges for Central Government Holiday homes and Officers Touring Hostels vide Office Memorandum No.D-11028/23/82-Regions(Vol.II) dated 10.07.2012.
PFRDA Issues Revised Guidelines for Registration of Pension Fund Managers
The Pension Fund Regulatory and Development Authority (PFRDA) has recently issued a revised set of guidelines for registration of Pension Fund Managers (PFMs)
GConnect Income Tax Calculator 2012-13 (A.Year 2013-14) – No Login Version
We have launched GConnect Income Tax Calculator 2012-13 (A.Year 2013-14) – No Login Version