Under NPS, only 60 per cent of the corpus can be withdrawn as lump sum. Now, there is no tax on the 40 per cent. And if the person decides to invest the remaining 20 per cent also in annuity, there would be no tax on withdrawal. EPF Tax Withdrawn – How the Controversy Rendered NPS more Attractive – Finance minister Arun Jaitley on Tuesday withdrew the controversial tax on … [Read more...] about EPF Tax Withdrawn – How the Controversy Rendered NPS more Attractive
Archives for 2016
CENTRAL GOVERNMENT HOLIDAYS IN 2025
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NPS Exit and purchase of Annuity – Clarification issued by PFRDA
NPS Exit and purchase of Annuity – Clarification issued by PFRDA in respect of interim arrangement for the purpose of buying annuity from the NPS maturity amount In the case of pre-mature exit by NPS Subscriber, any annuity scheme provided by Annutiy Service provider that covers the spouse of NPS subscriber can be purchased PENSION FUND REGULATORY AND DEVELOPMENT … [Read more...] about NPS Exit and purchase of Annuity – Clarification issued by PFRDA
Healthcare, Education Facilities for NPPS Employees
Healthcare, Education Facilities for NPPS Employees Facilities for NPPS employees In respect of employees at the Nuclear Power Plant sites, healthcare facilities are provided to all the employees and their family members through Contributory Health Service Scheme (CHSS) of Department of Atomic Energy (DAE) through hospitals established by NPCIL/DAE at the Nuclear Power Plant … [Read more...] about Healthcare, Education Facilities for NPPS Employees
Indian Army faces shortage of 9,106 officers
Indian Army faces shortage of 9,106 officers There is a shortage of 9,106 officers in the Indian Army and 1,265 officers in the Navy, the government said Tuesday. “In army (excluding Army Medical Corps, Army Dental Corps and Military Nursing Service), as on July 1, 2015, against the authorised strength of 49,631 officers, held strength of officers is 40,525 with shortage … [Read more...] about Indian Army faces shortage of 9,106 officers
7th Pay Commission – If not Hefty Pay Hike, Government Likely to Restore Allowances
7th Pay Commission – If not Hefty Pay Hike, Government Likely to Restore Allowances Some good news for government employees anticipating Centre’s response to their demands on salary hike! As per reports, government may agree to reinstate some of the allowances that were subsumed by the 7th Pay Commission’s recommendations. 7th Pay Commission – If not Hefty Pay Hike, Govt … [Read more...] about 7th Pay Commission – If not Hefty Pay Hike, Government Likely to Restore Allowances
Reviewing Pay and Allowances of Armed Forces Personnel
Reviewing Pay and Allowances of Armed Forces Personnel The Government entrusted the task to a Pay Commission in 1973, at the time of setting up of 3rd Central Pay Commission. The Government had set up a Post War Pay Committee in 1947, a departmental pay committee (Raghuramiah Committee) during 1959-60 and another Departmental Committee in 1967 for review of pay and … [Read more...] about Reviewing Pay and Allowances of Armed Forces Personnel
LTC by Air Allowed for Non-Entitled Central Government Employees
LTC by Air Allowed for Non-Entitled Central Government Employees All non-entitled central government employees have been allowed to travel by air while availing Leave Travel Concession (LTC) with a condition that reimbursement in such cases shall be restricted to the fare of their entitled class of train or actual expense. The Ministry of Personnel had recently eased … [Read more...] about LTC by Air Allowed for Non-Entitled Central Government Employees
Clarification on ACP – MACP : BPMS
Clarification on ACP – MACP : BPMS OFB’s Clarification on ACP / MACP based on discussion held on 8th & 9th May, 2015 at NADP Ambajhari GOVERNMENT OF INDIA MINISTRY OF DEFENCE ORDNANCE FACTORY BOARD Ayudh Bhavan 10A, Shaheed Khudiram Bose Road, Kolkata – 700 001 No. Per/IACP/MACP/2016 Date : 07.03.2016 To The Sr. General Managersl General Managers All … [Read more...] about Clarification on ACP – MACP : BPMS
Incomplete Data in Web Based Cadre Management System for CSS Officers of Under Secretary
No.21/1/2016-CS.I(U) Government of India Ministry of Personnel, Public Grievances & Pension Department of Personnel & Training 2nd Floor, Lok Nayak Bhavan Khan Market, New Delhi. Dated 8th March, 2016. OFFICE MEMORANDUM Subject: Incomplete Data in Web Based Cadre Management System for CSS Officers of Under Secretary. In continuation of this Departments … [Read more...] about Incomplete Data in Web Based Cadre Management System for CSS Officers of Under Secretary
Rs 70000 Crore Allocated For 7th Pay Commission in Budget 2016
Rs 70000 Crore Allocated For 7th Pay Commission in Budget 2016 As much as Rs 70,000 crore has been provisioned in the Union Budget 2016-17 for implementation of Seventh Pay Commission for government employees, a top finance ministry official said. While the Budget did not provide an explicit overall provision number, the government had said the Seventh Pay Commission hike … [Read more...] about Rs 70000 Crore Allocated For 7th Pay Commission in Budget 2016
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