1. What is the New Pension System (NPS)?The NPS is a new contributory pension scheme introduced by the Central Government for employees joined in Government Service on or after 1.1.2004. During the year 2009, the NPS was kept open for public.2. Who is covered by the NPS?a. Employees who have joined central government service on or after 01 January 2004 including Railways, Posts, Telecommunication or Armed Forces (Civil), Autonomous Body, Grant-in-Aid Institution, Union Territory or any other undertaking whose employees were eligible to a pension from the Consolidated Fund of India., earlier.b. This contribution pension scheme is also open to any Indian citizen between the age of 18 and
Read MoreTo alleviate workers’ financial stress, some larger companies, associations and government agencies are going beyond simply discounts and offering employee purchasing programs. Here’s what you need to know to decide if it’s worth adding this type of voluntary benefit to your package. Employee Purchase Program Defined: An employee purchase
Read MoreFinance Minister while presenting the Budget speech has clearly stated that there will not be any Income Tax to the on Income up to Rs 5 lakh, but when Finance Bills came on the records it clear the myth spread on the news media and other websites. As per the Clause 8 of the Bill seeks to amend section 87A of the Income-tax Act to
Read Moreकेंद्र सरकार ने सरकारी कर्मचारियों के लिए परंपरागत पेंशन योजना OPS को बंद करके NPS की शुरूआत की थी। कहा था यह एक क्रांतिकारी कदम है।
Read Moreआयकर विभाग ने पिछली तिथि से लगाये गये कर के तहत केयर्न एनर्जी से 10,247 करोड़ रुपये के बकाये के एक हिस्से की वसूली के लिए केयर्न एनर्जी
Read MoreIn a few months time, the accounts department of your organisation will seek proof of your income-tax saving investments under Section 80C and other deductions. PPF (public provident fund), ULIP (Unit Linked Insurance Plan), ELSS mutual funds (Equity Linked Savings Schemes), National Savings Certificate (NSC), 5-year bank fixed deposits (FDs) and
Read MoreNew Delhi: The Income Tax Department today launched and activated all the seven ITR forms for e-filing by taxpayers, after more than a month of them being notified. “All ITRs for AY 2018-19 are now available for e-filing,” the department said in a statement.The Central Board of Direct Taxes had notified the new Income Tax Return
Read Moreक्या 8वें वेतन आयोग में DA और DR पर कोई प्रभाव पड़ेगा, जानिए
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Railway EmployeeRBE No.39/2025 Permission for retention of Railway accommodation at the previous place of posting
Extension of cut-off date for Exercising Option under Unified Pension Scheme (UPS)
Good News – 12 लाख तक की इनकम पर कोई टैक्स नहीं देना होगा
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