Central Government Employees News :: Seventh Pay Commission

  The central government has raised the dearness allowance for its over one crore central government employees and pensioners by 4 per cent, taking the total to 42 per cent from 38 per cent. Union Minister Anurag Thakur said the centre will spend ₹ 12,815 crores to fund the hike in dearness allowance, or DA. Read more @  https://www.staffcorner.com/view.html?id=6254983913668608

Big Move: Govt announces committee to address concerns of employees on NPS: The government on Friday announced that a committee under the finance secretary will be set up to improve the New Pension System (NPS) with a view to take care of the concerns of central government employees while maintaining fiscal prudence. While moving the Finance Bill 2023 for consideration and passage in the Lok Sabha, finance minister Nirmala Sitharaman said that the new approach to the NPS will be designed for adoption by both central and state governments. "I propose to set up      Read More

Big Move: Govt announces committee to address concerns of employees on NPS: The government on Friday announced that a committee under the finance secretary will be set up to improve the New Pension System (NPS) with a view to take care of the concerns of central government employees while maintaining fiscal prudence. While moving the Finance Bill 2023 for consideration and passage in the Lok Sabha, finance minister Nirmala Sitharaman said that the new approach to the NPS will be designed for adoption by both central and state governments. "I propose to set up      Read More

New app for taxpayers to view TDS, interest, dividend income information: The income tax department on Wednesday said it has launched the ‘AIS for Taxpayer’ mobile app, which will help taxpayers get a comprehensive view of information related to the tax deducted or collected at source, interest, dividends and share transactions. All information is part of the Annual Information Statement (AIS) that was launched by the Central Board of Direct Taxes (CBDT) a few years ago, to help provide all available data to taxpayers at the time of filing returns. The       Read More

Five tax saving investment options to get tax free returns: 1. Public Provident Fund (PPF) An individual can save income tax under Section 80C by investing in the Public Provident Fund (PPF). This small saving scheme has the "exempt-exempt-exempt" or EEE status. This means that the individual can claim a deduction on the amount invested and not pay tax on the interest earned as well as the maturity amount. In terms of safety parameters, the scheme offers the highest safety as it comes with a sovereign guarantee. The central gover      Read More

Rajya Sabha Q&A: Pension Fixation Procedure under GFR: GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF EXPENDITURE RAJYA SABHA UN-STARRED QUESTION NO. 2307 TO BE ANSWERED ON TUESDAY, 21% MARCH, 2023 PENSION FIXATION PROCEDURE UNDER GFR 2307. Dr. RADHA MOHAN DAS AGRAWAL: Will the Minister of FINANCE be pleased to state: a) whether the General Financial Rules (GFR) of the Central Government apply only to the Central Government or apply to all the States, in a uniform manner; b) whether the pens      Read More

Assam govt may consider paying gap between old and new pension schemes: Assam Chief Minister Himanta Biswa Sarma on Tuesday said the state government will consider paying the gap amount between old and new pension schemes to the employees under the newer mode of monthly retirement emoluments. During a discussion in a Private Members’ Resolution, Sarma said the exact pension structure will be known only after 2035 when the first lot of service holders retire after completing the full tenure since 2005. “Whatever discussion we are having now is o      Read More