New Direct Tax Code: Taxpayer? You may expect the introduction of a new direct tax code soon. The task force set up to draft a new direct tax law to replace the existing Income Tax Act is scheduled to submit its report in the next two months. On Friday, the task force was given two-month extension till July 31 to submit its report. Earlier, the

The Haryana government on Monday announced a raise in dearness allowance (DA) for its employees and pensioners from the existing 9 percent to 12 percent. The new DA rates will be applicable retrospectively from January 1, 2019, and will cause an extra burden of about Rs 17.70 crore per month on the state exchequer, a press statement from the

General Provident Fund (GPF), a type of provident fund account, is available only for government employees. Interest rates on GPF are revised as per the government's notifications issued from time to time. At present GPF fetches an interest rate of 8 per cent. A subscriber is required to make monthly contributions towards GPF except during the