Pay Matrix Recommended by 7th CPC is not final and subject to change – Federation Sources The Constituent Unions of NCJCM has called for three days’ agitation Programme from 19-1-2016 to 21-1-2016 to draw the attention of central government to settle the Modified charter of demands. Recently they demanded the government to constitute an empowered … Read more
Income Tax Calculation for Interest on Housing Loan and Deduction u/s 80C with illustration One Computation of Taxable Salary and allowances, Deduction for Interest on Housing Loan and Deduction u/s 80C. Mr. X, a Central Govt. Officers in Delhi, is receiving Basic Pay Rs.23,720, grade Pay Rs.7,600, DA at prescribed rates, transport allowances @ Rs.3200+DA … Read more
Rates of Income Tax as per Finance Act, 2015 – Financial Year 2015-16(AY 2016/17) RATES OF INCOME-TAX AS PER FINANCE ACT, 2015: As per the Finance Act, 2015, income-tax is required to be deducted under Section 192 of the Act from income chargeable under the head “Salaries” for the financial year 2015-16 (i.e. Assessment Year … Read more
Revision of pension in respect of Pre-2006 Commissioned Officer, JCOs/ORs and Family pensioners OFFICE OF THE PR. CONTROLLER OF DEFENCE ACCOUNTS (PENSIONS) DRAUPADI GHAT, ALLAHABAD- 211014 Circular No. 554 Dated: 14.01.2016 Subject:- Revision of pension in respect of Pre-2006 Commissioned Officer, JCOs/ORs and Family pensioners. Reference:-This office Circular No. 547, 548 dated 11.09.2015, Circular No. … Read more
Deduction of Tax at source – Income Tax deduction from salaries during the Financial year -2015-16 under Section 192 of the Income Tax Act,1961 GOVERNMENT OF INDIA (Bharat Sarkar) MINISTRY OF RAILWAYS (RAIL MANTRALAYA) (RAILWAY BOARD) No. F(X)I-2015/23/2 New Delhi, dated: 04.01.2016 As per Standard List I,II,III Sub.: Deduction of Tax at source – Income … Read more