Tax savings under Old Tax Regime: Taxpayers seeking to optimise their savings for the fiscal year 2024-25 still have opportunities available. One such option is utilising Section 80G of the Income Tax Act to claim deductions for donations made to government-approved trusts. It is important to note that not all charitable contributions automatically qualify for … Read more
सातवें वेतन आयोग (7th Pay Commission) के तहत केंद्र सरकार ने कर्मचारियों और पेंशनर्स के लिए महंगाई भत्ता और महंगाई राहत में 2 फीसदी बढ़ोतरी का ऐलान किया है. इस बढ़ोतरी के साथ ही अब कर्मचारियों का महंगाई भत्ता 53 फीसदी से बढ़कर 55 फीसदी हो जाएगा. ऐसे में आइए जानते हैं कर्मचारियों की सैलरी … Read more
The newly introduced Income-Tax Bill 2025 has opted to retain the existing deadlines for Income Tax Return (ITR) filing, providing clarity and continuity for taxpayers across different categories. The definition of the due date remains the same, referring to the date by which a taxpayer must file their ITR in the financial year following the … Read more
Taking to the streets: Protesters take out a rally demanding justice for the victim in the R.G. Kar rape-murder case in Kolkata. | Photo Credit: File Photo The Calcutta High Court on Friday rejected an appeal filed by the West Bengal government seeking the enhancement of the life sentence to death penalty for Sanjay Roy, … Read more
Tax calculations: The Centre has once again aimed to enhance the appeal of the New Tax Regime by introducing lower tax rates and reducing deductions. This restructuring aims to simplify taxation, while the Old Regime continues to provide tax benefits through various exemptions and deductions. The proposed income tax slabs in the Union Budget 2025 … Read more
8th Pay Commission: The introduction of the 8th Central Pay Commission (CPC) on January 1, 2026, will lead to the revision of salaries, pensions, and allowances for over one crore central government employees and pensioners, providing them with notable benefits. The announcement of the 8th Pay Commission has sparked interest in how much will be … Read more
8th Pay Commission announced: The Central government has officially approved the establishment of the 8th Pay Commission. Minister Ashwini Vaishnaw announced this decision made by the Union Cabinet, stating that the recommendations of the pay commission are expected to be presented by the year 2026. The introduction of the 8th Pay Commission is anticipated to … Read more
8th Pay Commission: Government employees are eagerly anticipating an announcement regarding the forthcoming 8th Pay Commission, which is expected to bring significant changes to their salaries and benefits. Retired government employees are also likely to see an increase in pensions and perks post-implementation. However, there has been no official communication from the government regarding the … Read more
The Centre has stated that it is not currently planning to reconsider the retirement age criteria for central government employees. BJP MP Tejasvi Surya asked about the government’s plans to standardize the retirement age for all government employees at either 30 years of service or upon reaching 60 years of age, whichever comes first. The … Read more
The NPS Vatsalya scheme, announced in the Union Budget 2024, is expected to be officially unveiled by the latter part of September. Positioned as a modified iteration of the National Pension System (NPS) for government and private emplpoees, NPS Vatsalya is envisaged to serve as a pivotal financial instrument, providing parents with a reliable avenue … Read more