“We are in favour of waiving the employees’ contribution altogether up to a certain level of income. This will boost the take-home salary of such employees rather than force them to park so much of their monthly income into their EPF account for retirement,” said the official. Budget 2016 – High Chances of Boost in Take Home Salary – An analyst said this could also help … [Read more...] about Budget 2016 – High Chances of Boost in Take Home Salary
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budget 2016
Budget session from Feb 23, General Budget on Feb 29
Budget session from Feb 23, General Budget on Feb 29 The Budget Session of Parliament will commence on February 23 that will focus largely on the financial business of the government, which will present the general budget on Feb 29. But there will be no curtailment of the session or the recess period on account of Assembly elections in five states due shortly. This was … [Read more...] about Budget session from Feb 23, General Budget on Feb 29
AIRF’s Suggestions for the General Budget 2016-17
AIRF’s Suggestions for the General Budget 2016-17 All India Railwaymen’s Federation(AIRF), representing more than 1.3 million Railwaymen, has submitted significant suggestions to Hon’ble Finance Minister on General Budget which is going to be presented on Feb 29, 2015. Budget leaves great impact on the lives of Railwaymen and their families including pensioners. Therefore it … [Read more...] about AIRF’s Suggestions for the General Budget 2016-17
Budget 2016: Assocham demands income tax exemption to Rs 2.5 lakh, re-introduce standard deduction
Budget 2016: Assocham demands income tax exemption to Rs 2.5 lakh, re-introduce standard deduction New Delhi: Industry body Assocham demanded an increase in income tax exemption ceiling for salaried people to Rs 2.5 lakh and and re-introduce standard deduction for salaried employees to boost consumption in the upcoming Budget. The income tax exemption … [Read more...] about Budget 2016: Assocham demands income tax exemption to Rs 2.5 lakh, re-introduce standard deduction
Budget: Government may relax LTC norms to boost tourism
NEW DELHI: In order to give boost to the tourism sector, the Budget for 2015-16 is likely to expand the scope of LTA and LTC by including hotel and other expenses besides travel for the purpose of tax benefit. The Ministry, sources said, it is also considering a proposal to allow employees to avail Leave Travel Concession (LTC)/ Leave Travel Allowance (LTA) every year as … [Read more...] about Budget: Government may relax LTC norms to boost tourism
NMC urges FM to raise IT exemption limit to Rs 5 lakh, exclude DA from IT calculation, Merge DA in Basic Pay & Pension etc
NMC urges FM to raise IT exemption limit to Rs 5 lakh, exclude DA from IT calculation, Merge DA in Basic Pay & Pension etc The National Mazdoor Conference today asked Union Finance Minister Arun Jaitley to raise the income tax exemption limit to Rs 5 lakh. "We urged Union Finance Minister to raise the Income Tax exemption limit to Rs five lakh," National Mazdoor … [Read more...] about NMC urges FM to raise IT exemption limit to Rs 5 lakh, exclude DA from IT calculation, Merge DA in Basic Pay & Pension etc
Government refused merger of dearness allowance and interim relief, assured for 7th CPC report on time
Government refused merger of dearness allowance and interim relief, assured for 7th CPC report on time 34 Lakhs employees are to affected JCM Staff Side has met with official of DOPT and Ministry for Finance Government employees to have nice budget this year New Delhi, Government would have to bear burden of Rs. 10000 crore rupees in case deaness … [Read more...] about Government refused merger of dearness allowance and interim relief, assured for 7th CPC report on time
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