Standard Deduction Applicable for Pensioners - Clarification Ministry of Finance Clarification regarding applicability of standard deduction to pension received from the former employer The Central Board of Direct Taxes (CBDT) has clarified that the pension received by a taxpayer from his former employer is taxable under the head "Salaries". The Finance Act, 2018 has … [Read more...] about Clarification regarding applicability of standard deduction to pension received from the former employer
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Pension
BHAVISHYA – Pension Sanction & Payment Tracking System
BHAVISHYA - Pension Sanction & Payment Tracking System An Initiative of Department of Pension & Pensioners Welfare BHAVISHYA Department of P&PW has introduced an online Pension Sanction and Payment Tracking System called 'BHAVISHYA'. Actions for timely payment of retirement dues and issue of Pension Payment Order (PPO) start one years before the date of … [Read more...] about BHAVISHYA – Pension Sanction & Payment Tracking System
Now 97.05 lakh subscribers base under Atal Pension Yojana
Ministry of Finance Now 97.05 lakh subscribers base under Atal Pension Yojana 02 APR 2018 At the end of Financial Year 2017-18, 97.05 lakh subscribers have enrolled under Atal Pension Yojana. The incremental addition of 48.21 lakh subscribers was a 98% more than previous Financial Year 2016-17 figure of 48.83 lakhs. PFRDA appreciates the efforts taken … [Read more...] about Now 97.05 lakh subscribers base under Atal Pension Yojana
Aadhaar is not compulsory to get Pension
Aadhaar is not compulsory to get Pension Dr. Jitendra Singh chairs 30th meeting of Standing Committee of Voluntary Agencies Adhaar is not mandatory to get pension: Dr Jitendra Singh The Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh … [Read more...] about Aadhaar is not compulsory to get Pension
Major Changes in NPS including Withdrwal Norms
Major Changes in NPS including Withdrwal Norms Three major changes in the National Pension Scheme (NPS) including withdrawal norms Relaxation of Norms for NPS The Government of India has recently made three changes in the National Pension Scheme (NPS) including withdrawal norms. The details are as under: Partial withdrawal during the service: The Pension Fund … [Read more...] about Major Changes in NPS including Withdrwal Norms
Simplification of Pension Procedure – Submission of Life Certificate
CPAO/IT&Tech/Bank Performance/37(Vol.III)/2017-18/208 19.03.2018 Subject: Simplification of Pension Procedure - Submission of Life Certificate Attention is invited to CPAO's 0M No. CPAo/Tech/Simplification/2012-13/325 dated-18.02.2013 on the above subject whereby it was decided to submit the life certificate to any branch of the authorized bank through which pension of … [Read more...] about Simplification of Pension Procedure – Submission of Life Certificate
2nd Option of Pension for Compulsorily Retired Officers/Employees
2nd Option of Pension for Compulsorily Retired Officers/Employees Indian Banks' Association HR & INDUSTRIAL RELATIONS No.HR&IR&HR/CIR/G2/BRK/4684 March 16, 2018 Chief Executives of Member Banks which are parties to the Bipartite Settlement Dear Sir/Madam, 2nd Option of Pension for Compulsorily Retired Officers/Employees The United Forum of Bank Unions … [Read more...] about 2nd Option of Pension for Compulsorily Retired Officers/Employees
NFIR – Exemption of Railways from New Pension Scheme (NPS)NFIR – Exemption of Railways from New Pension Scheme (NPS)
NFIR - Exemption of Railways from New Pension Scheme (NPS) Dated : 19/03/2018 No. IV/NPS/PFRDA BILL/Part I Shri Piyush Goyal, Hon'ble Minister of Railways Rail Bhavan, New Delhi Dear Shri Goyalji, Sub: Exemption of Railways from New Pension Scheme (NPS) - reg. Ref: (i) Hon'ble MR's D.o. No. 2012/F(E)III/1/4-Pt dated 29th March 2014 to Hon'ble Finance Minister, … [Read more...] about NFIR – Exemption of Railways from New Pension Scheme (NPS)NFIR – Exemption of Railways from New Pension Scheme (NPS)
Public Provident Fund (PPF) account
Ministry of Finance Public Provident Fund (PPF) account 09 MAR 2018 At present, premature closure of a Public Provident Fund (PPF) account is permitted on specified grounds on completion of five financial years from the date of opening of account. Opening of accounts in the name of a minor is permitted under all the small savings scheme except the Senior Citizens' Savings … [Read more...] about Public Provident Fund (PPF) account
Amendment of GOI, MOD letter No.1(2)/2016-D(Pen/Pol) dated 30.09.2016 and revision of pension of Pre-2006 pensioners (JCOs/ORs and Commissioned Officers) delinking of qualifying service of 33 years for revised pension
Pre-2006 Pensioners (JCOs/ORs and Commissioned Officers) - PCDA Circular 597 Amendment of GOI, MOD letter No.1(2)/2016-D(Pen/Pol) dated 30.09.2016 and revision of pension of Pre-2006 pensioners (JCOs/ORs and Commissioned Officers) delinking of qualifying service of 33 years for revised pension. Circular No. 597 Dated: 08.03.2018 Subject: Amendment of GOI, MOD letter … [Read more...] about Amendment of GOI, MOD letter No.1(2)/2016-D(Pen/Pol) dated 30.09.2016 and revision of pension of Pre-2006 pensioners (JCOs/ORs and Commissioned Officers) delinking of qualifying service of 33 years for revised pension
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