28th Pensioners SCOVA Meeting to be held shortly
The meeting will be chaired by the Hon’ble Minister of State in the Ministry of Personnel, Pubic Grievances & Pensions. Only one representative of a pension organization can attend the meeting.
Additional Deduction of Housing Loan Interest under Section 80EE
Budget 2016-17 provides for additional deduction of interest paid on housing loan, up to Rs.50,000/- over and above deduction for interest on housing loan up to Rs. 2,00,000, which is applicable to tax payer who is to buy his / her first house
Budget 2016 – Tax Treatment on Provident Funds, Pension Fund and NPS
National Pension System is presently subjected to income tax on EET (Exempt Exempt Tax) Basis. Whereas Provident Funds such as PPF, EPF etc and Superannuation Funds are fully exempted from Income Tax on EEE basis (Exempt, Exempt, Exempt). Changes made in Income Tax Provisions in the Budget 2016 has sought to rationalize all these Provident Funds and Pension Funds as far as treatment of income tax in respect of these schemes are concerned
EPF – Clarification on changes made in Income Tax
The purpose of this reform of making the change in tax regime is to encourage more number of private sector employees to go for pension security after retirement instead of withdrawing the entire money from the Provident Fund Account.
Minimum Pension when retired from posts where pay scales have been merged/upgraded
Railways Senior Citizens Welfare Society has made a representation to the Hon’ble PM regarding minimum pension for Pre-2006 Pensioners who retired from posts where pay scales have been merged/upgraded
Death of Government Servant in Service – Enhancement of Family Security fund
The lumpsum amount payable under Tamil Nadu Government Servants’ Family Security Fund Scheme shall be enhanced to Rs.3,00,000/- This shall take effect from 1-2-2016.
Scheme for promotion of adventure sports – Programme dates
The Department of Personnel & Training will provide financial assistance to the eligible Central Government Employees for the programme of approved activities
Special Casual leave for Central Government employees participating in Adventure Sports
Special casual leave is granted to Central Government employees for a period not exceeding 30 days in any one calendar year for participating in the sporting events. Now this procedure will be applicable for Adventure Sports also.
Court cases in which DOPT is a proforma party
The administrative Ministries/ Departments are further required to take action to get the name of this Department deleted from the list of Respondents.
Periodical Review under FR 56(J) and Rule 48 of Pension Rules
Representation Committee for officers below Secretary level in Ministries / Departments of Government of India will be q Secretary to be nominated by the Cabinet Secretary, One nominee of the Cabinet Secretary of AS / JS level : and One representative of Cadre Controlling Authority
CGEGIS – Central Government Employees Group Insurance Scheme – Revised Table of Benefits
Every Year Department Expenditure, Ministry of Finance would release the Table of Benefits in respect of Savings Fund for CGEGIS applicable for Central Government Employees
Bonus of Rs. 7000/- to Central Government Employees not justifiable – Govt replies to Staff Side JCM
Amendment of Bonus Act passed in the Parliament provides for increase in Bonus Calculation Ceiling to Rs. 7000/- (for 30 days) – However, Govt has not accepted the demand of Staff Side JCM for paying adhoc Bonus applicable for Central Government Employees at par with this amendment