8% Dearness Allowance for Central staff declared

“The Union Cabinet today decided to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners with effect from 1.1.2010 representing an increase of 8% over the existing rate of 27% of the Basic Pay/Pension, to compensate for price rise. The increase is in accordance with the […]

RELEASE OF ADDITIONAL INSTALMENT OF DEARNESS ALLOWANCE TO CENTRAL GOVERNMENT EMPLOYEES AND DEARNESS RELIEF TO PENSIONERS, DUE FROM 1.7.2009

The Cabinet has decided to release an additional instalment of Dearness Allowance (DA) to Central government employees and Dearness Relief (DR) to pensioners w.e.f. 1.7.2009 representing an increase of 5% over the existing rate of 22% of the Basic Pay/Pension, to compensate for price rise. The increase is in accordance with the accepted formula, which […]

Govt orders for payment of Second Instalment of 6CPC arrears

The long awaited orders for payment of Second Installment of 6CPC Arrears has been issued by Department of Expenditure, Ministry of Finance in the Office memorandum F.No: 1/1/2008-IC dated 25.08.09. It is stated in the said office memorandum that the 60% arrears may now be paid to Government Servants. It is also stated that in […]

From Oct 15, only 5 ‘other bank ATM’ transactions a month

Bank customers will soon realise the stark reality; there is no free lunch in the business of banking. After allowing customers to enjoy free, no-holds-barred access to ATMs of all banks for over four months, banks have realised that such a facility should be restricted to prevent its “misuse”. The restriction on free access to […]

60% CPC Arrear(2nd Installment) : Preconditions

The Ministry of Expenditure has issued an Office Memo. regarding updation of profiles to post 01.01.2004 Central Govt employees. As reported by NSDL, the nodal agency for New Pension Scheme, a large number of cases pertaining to post 01.01.2004 entrants are yet to fill up the Registration Form for NPS. The Expenditure dept has asked […]

Goverdhan Mehta Report

Please follow the below mentioned link for REPORT of the Pay Committee for Faculty & Scientific/Design Staff of Central Technical Institutes http://docs.google.com/fileview?id=0B-ZG9L6zscYFOWJmMjQwMWUtZjVjMS00MTk4LThjZTktNTE0OTJkM2EyODFl&hl=en

Announcement of 60% arrears of 6th Pay Commission expected shortly

The information given below is only opinion. Please dont take it for authenticated one. There ia a good chance of the announcement regarding the second instalment (60% arrears) of sixth Pay Commission for Central Government employees during the Independence Day (15th August 2009) Speech by our Honorable Prime Minister Mr. Manmohan Singh.

5% DA Expected

The information given below is only opinion. Please dont take it for authenticated one. As per the available stastics, a 5% additional DA is expected to be announced w.e.f July 2009. This will make DA to be 27% from 1 July 2009. The calculation is based on All India Consumer Price Index Number for Industrial Workers […]

What’s in for Salaried Class in the Union Budget 2009-10 ?

It’s marginal and it’s not exactly what the salaried class wanted keeping in mind the raise in their annual income thanks to 6CPC implementation. These are certain key features of budget 2009-10 relating to Personal Income Tax The Union Govt has marginally increased personal income tax exemption limit by Rs 15,000 from Rs 2.25 lakh […]

Unique Transaction Number (UTN) not mandatory for filing income-tax returns

The Central Board of Direct Taxes has deferred the implementation of furnishing of the unique transaction number (UTN) for filing income-tax returns. Accordingly, taxpayers filing their returns for the assessment year (AY) 2009-10 or any other earlier assessment years can do so without mentioning the UTN, as required under a notification (No 31 of 2009) […]