Sir, I have decided to shift to the New Tax regime. I understand that deductions are not allowed in the new tax regime. Will I lose the tax benefit on the interest income of my PPF account? Please answer my query. — Ganesh By Rajiv Bajaj, Chairman & MD, BajajCapital No, the interest income from the … Read more
Over 17 months and counting. That’s how long members of the Employees’ Pension Scheme (EPS) have been waiting to see the implementation of the November 2022 Supreme Court ruling on higher pension. While they still have hope, there is little clarity on when the apex court’s ruling will be implemented by the Employees’ Provident Fund … Read more
Since the Centre made the New Tax Regime the default tax system in 2023, there has been many reports on which tax system is better and what to choose. The government introduced a new tax regime, known as Section 115BAC, as an alternative to the old tax regime. This new regime was optional and started … Read more
DA hike: The Centre has revised the children’s education allowance and hostel subsidy for government employees. These allowances are linked to the hike in dearness allowance (DA) of employees and pensioners. Earlier this year, the Centre announced a 4% hike in dearness allowance and dearness relief for employees and pensioners. With this hike, the DA … Read more
New Tax Regime: The Centre introduced the New Tax Regime under Section 115BAC as a new optional alternative to the Old Tax Regime from April 1, 2020 (FY 2020-21) for individuals and the Hindu undivided family (HUF). But after three years, Union Finance Minister Nirmala Sitharaman during the Union Budget 2023 announced that the New … Read more
Christine Wallace says she was left with no other option than to spend her savings on surgery. Source link
A view of people on a road after an earthquake in Antakya in Hatay province, Turkey, February 20, 2023. | Photo Credit: REUTERS New 6.4 magnitude earthquake hits Turkey’s Hatay province A 6.4-magnitude earthquake was recorded on February 20, 2023, in Turkey’s southern province of Hatay, the hardest hit by a February 6 tremor which … Read more
Photo used for representation purpose only. Around 25 lakh Central government pensioners have availed digital life certificates aided by facial recognition technology under a special drive, Union Personnel Minister Jitendra Singh said on Monday. A special drive was conducted for 20 days to encourage pensioners to avail the facility. The Minister asserted at a press … Read more
The Department of Pension and Pensioners‘ Welfare has undertaken a massive campaign to simplify rules to ensure “ease of living” for central government pensioners, an official statement issued on Thursday said. The DoPPW, which administers pension-related policy matters in respect to central government civil employees, has launched a major campaign on easing of rules during … Read more
New Delhi: There is no proposal to launch new pension policy for central civil pensioners, Minister of State for Personnel Jitendra Singh said on Wednesday. In order to improve the pension process to facilitate pensioners, the Department of Pension & Pensioners’ Welfare had developed ‘Bhavishya’, a common software module for ministries, which has now been … Read more