The advisory has come at a time when income tax returns (ITRs) filing season has concluded and it is an opportune time for hackers and other fraudsters to launch phishing attempts to compromise users’ vital data for their illegal benefits by dishing out false promises about pending refunds or ITR authentications.
Section 89 of Income Tax Act provides for Relief of Tax for the salary income received as arrears by distribution of the same to relevant previous years
Cash Management System was introduced with effect from April 1, 2006 in Central Government Offices. Demands for Grants of the Union Government are covered under the Cash Management System. Ministries/Departments may work out Monthly Expenditure Plan (separately for Plan and Non-Plan Expenditure) (MEP) and submit before 15th of every month
DOPT orders for processing deemed resignation of Group A officials if they are absent from duty in unauthorised manner after completion of leave or foreign assignment
Under the Deferred withdrawal facility, the subscribers at the time Of exit from National Pension System (NPS) can exercise an option to defer the withdrawal of eligible lump sum withdrawal and stay invested in the NPS
Income Tax Deduction under Section 80D is available up to Rs.25000 for health insurance and health check-ups for self and family. Also deduction up to premium paid up to Rs.25000 for parents (Rs. 30.000 for Senior Parents) is allowed.
Melbourne Mercer Global Pension Index has published the details about the pension ratings. Mercer report rated Denmark as the country with the best retirement system for the fourth consecutive year in 2015, with an overall score of 81.7. India ranks last in this chart.
National Federation of Indian Railwaymen-NFIR has contended that there is no designation or post of “store Pharmacists” on Indian Railways and all the pharmacists have been working in the Health Care delivery institutions/ establishments are eligible for for Grant of Hospital Patient Care Allowance. Railway Board wants the production units to furnish facts.
Retired personnel of various paramilitary forces today began a three-day ‘dharna’ in Delhi demanding one rank one pension (OROP) benefits and other privileges under the ex-servicemen category.
As per Income Tax Section 80DDB of the Act, an assessee, resident in India is allowed a deduction of a sum not exceeding eighty thousand rupees, being the amount actually paid, for the medical treatment of certain chronic and protracted diseases such as Cancer, full blown AIDS, Thalassaemia, Haemophilia etc.
This is an analysis on possible DA rate in percentage with effect from January 2016 for which Central Government Employees and Pensioners are entitled to. Quantum of increase in DA in this half yearly period gains more significance keeping view with Date of effect of 7th Pay Commission Pay and Allowances
After military veterans, retired paramilitary officials will now hold a ‘dharna’ here tomorrow demanding One Rank One Pension (OROP) benefits and other privileges under the ex-servicemen category.