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CENTRAL GOVERNMENT EMPLOYEES NEWS

All about Central Government Employees News. Get the central govt employees latest news, DoPT Orders, 7th Pay Commission, DA Hike, latest notification for pensioners, MACP latest order, da for central government employees, and more.

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IT Exemption

IT Exemption for payment of deemed LTC fare for non-Central Government employees

October 30, 2020 by admin Leave a Comment

IT Exemption for LTC fare Ministry of Finance Income-tax Exemption for payment of deemed LTC fare for non-Central Government employees 29 OCT 2020 In view of the COVID-19 pandemic and resultant nationwide lockdown as well as disruption of transport and hospitality sector, as also the need for observing social distancing, a number of employees are not able to avail … [Read more...] about IT Exemption for payment of deemed LTC fare for non-Central Government employees

Income tax exemption for gratuity increased from Rs.10 lakhs to 20 lakhs w.e.f. 29.3.2018

March 12, 2019 by admin Leave a Comment

IT Exemption on Gratuity - 20 lakhs w.e.f. 29.3.2018 Income tax exemption for gratuity increased from Rs.10 lakhs to 20 lakhs w.e.f. 29.3.2018 Ministry of Finance has enhanced the income tax exemption for gratuity under section 10 (10) (iii) of the Income Tax Act, 1961 to Rs. 20 lakhs. Shri Santosh Kumar Gangwar, Minister of State for Labour and Employment has expressed hope … [Read more...] about Income tax exemption for gratuity increased from Rs.10 lakhs to 20 lakhs w.e.f. 29.3.2018

Budget 2019 : Income Tax exemption limit raised to Rs. 5 lakh

February 1, 2019 by admin Leave a Comment

Budget 2019 : Income Tax exemption limit raised to Rs. 5 lakh Finance Minister Piyush goyal has proposed that individuals with income upto Rs 5 lakh will not have to pay any income tax for FY2019-20. In the previous budgets also, the Narendra Modi led-government provided tax relief to taxpayers. In Budget 2014, the minimum tax-exemption limit was raised from Rs 2 … [Read more...] about Budget 2019 : Income Tax exemption limit raised to Rs. 5 lakh

Income Tax benefits In Sukanya Samriddhi Account (SSA)

March 29, 2018 by admin Leave a Comment

Income Tax benefits In Sukanya Samriddhi Account (SSA) (i) Sukanya Samriddhi Account has been specified under clause (viii) of Sub Section (2) of Section 80(C) of Income Tax Act 1961 and deposits under these accounts enjoy benefit of this Income Tax Section up to the overall maximum limit of Rs. One lakh Fifty Thousand (1,50,000). (ii) By Finance Act 2015, a new clause … [Read more...] about Income Tax benefits In Sukanya Samriddhi Account (SSA)

INCOME TAX FAQ : What are allowances? Are all allowances taxable?

February 13, 2017 by admin Leave a Comment

INCOME TAX FAQ : What are allowances? Are all allowances taxable? ​What is considered as salary income? ​​​ section 17​​ of the Income-tax Act defines the term 'salary'. However, not going into the technical definition, generally whatever is received by an employee from an employer in cash, kind or as a facility [perquisite] is considered as salary. ​What are allowances? … [Read more...] about INCOME TAX FAQ : What are allowances? Are all allowances taxable?

Income tax exemption limit to be hiked to Rs 3 lakh

January 23, 2017 by admin Leave a Comment

Income tax exemption limit to be hiked to Rs 3 lakh New Delhi: The Finance Ministry is considering raising the current tax exemption limit from Rs 2.5 lakh to Rs 3 lakh. "A core commitee for Budget 2017 has proposed to revise tax exemption limit aimed to benefit small taxpayers," a top official involved with the process of Budget told The Sen Times on the condition on … [Read more...] about Income tax exemption limit to be hiked to Rs 3 lakh

Income Tax 2016-17 (A.Year 2017-18) Rate, Exemptions, Deductions and Rebate for Salaried Employees

November 14, 2016 by admin Leave a Comment

Income Tax 2016-17 (A.Year 2017-18) Rate, Exemptions, Deductions and Rebate for Salaried Employees under Section 10, Section 24, Section 89(1), Chapter VIA, and Section 87A Income Tax Rate 2016-17 TAXABLE INCOME RANGE RATE OF INCOME TAX Up to RS.2,50,000 NIL Rs.2,50,001 to Rs.5,00,000 10% of the amount by which the income exceeds … [Read more...] about Income Tax 2016-17 (A.Year 2017-18) Rate, Exemptions, Deductions and Rebate for Salaried Employees

No TDS on Disability Pension to Armed Forces Personnel

May 30, 2016 by admin Leave a Comment

No TDS on Disability Pension to Armed Forces Personnel By Prashant Thakur -February 3, 2016 The tax exemption of disability pension received by Armed Force Personnel are among those exemptions under Income Tax Act for which you may not get a direct reference in the Income Tax Act. However , such tax exemption are allowed by the executive instruction issued by either … [Read more...] about No TDS on Disability Pension to Armed Forces Personnel

Raise income tax exemption limit to Rs 5 lakh: Unions

January 5, 2016 by admin Leave a Comment

Raise income tax exemption limit to Rs 5 lakh: Unions New Delhi: Trade unions today asked the government to increase the income tax exemption limit to Rs 5 lakh and the minimum wage to Rs 18,000 besides raising the minimum monthly pension to Rs 3,000 for all. They also sought a special package for victims of the recent Tamil Nadu floods. These demands were raised under … [Read more...] about Raise income tax exemption limit to Rs 5 lakh: Unions

Income Tax Exemption / Deduction on Interest paid on Education Loan under Section 80E of Income Tax Act 1961

May 6, 2015 by admin Leave a Comment

Income Tax Exemption / Deduction on Interest paid on Education Loan under Section 80E of Income Tax Act 1961. Finance Minister Mr.Arun Jaitley recently informed in the Parliament that Section 80E of Income Tax 1961, allows deduction of interest paid in respect of Education Loan availed for completing higher education of self, spouse, children or a student for which the … [Read more...] about Income Tax Exemption / Deduction on Interest paid on Education Loan under Section 80E of Income Tax Act 1961

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Recent Comments

  • P C Mathaikutty on Freezing of Dearness Allowance to Central Government employees and Dearness Relief to Central Government pensioners at current rates till July 2021
  • Provat Kumar Pal on Request to the PM to release DA to the central government employees and DR to the pensioners
  • Sampat Rambhau Warbhuwan on Over payments made to DAD employees on account of wrong pay fixation granting the benefit of financial up gradation under ACP/MACP scheme
  • naresh on Classification of Cities for HRA as per 7th CPC – X Y Z Classification of Cities for HRA 2020
  • P.C.Mathaikutty on Union Budget 2021 – Senior Citizens above 75 years of Age, Having Pension & Interest Income exempted from Filing Tax Return

7th CPC DA Arrears Ready Reckoner Tables for all Level

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