CBDT issues clarification on the applicability of TDS provisions on Mutual Fund dividend The Finance Bill, 2020 proposed to remove Dividend Distribution Tax (DDT) at the level of Company/ Mutual Fund and proposed to tax the same in the hands of … [Read more...]
Archives for 2020
Dearness Relief to Bank Pensioners from February to July 2020
The DA calculation method with effect from February to July 2020 for Bank Pensioners who retired on or after 1986, 1992, 1998 and 2002. Also check: DA for Bank Employees from February 2020 Indian Banks’ Association HR & Industrial … [Read more...]
Charge Allowance in Railways after 7th Pay Commission
Reckoning of Charge Allowance for the purpose of notional fixation of pay and accordingly revision of pension from January 2016 Charge Allowance may have been paid w.e.f. 01.01.2016 to 30.06.2017 at old rates which was admissible before 2016, the … [Read more...]
Department of Military Affairs – A new office for Armed Forces Personnel
Department of Military Affairs (Armed Forces of the Union, namely, Army, Navy and Air Force) - A new office for Armed Forces Personnel Creation of New Department of Military Affairs Department of Military Affairs (DMA) with Chief of Defence Staff … [Read more...]
EPFO does not invest in shares and equities of individual companies
Employees Provident Fund Organization (EPFO) does not invest in shares and equities of individual companies Where is EPFO fund invested? 85 per cent of the EPFO Funds in Debt instruments and 15 percent of the investment is made in Exchange Traded … [Read more...]
Submission of Annual Life Certificate – 4 Reminder (Through SMS and Email) send to all Pensioners
All the Pension Disbursing Banks to send Short Message Service (SMS) and E-mails to all their pensioners on 24 October, 1 November, 15 November and 25 November every year reminding them to submit their Annual Life Certificates by 30th … [Read more...]
DA for Bank Employees from February 2020
As per the 10th Bipartite Settlement, 75.90 percent of Dearness Allowance (DA) granting to Bank employees for the period from February, March and April 2020. The Indian Banks Association (IBA) issued circular in this regard and the same is reproduced … [Read more...]
Bank Strike 2020 – Notice from IBA
Notice - Strike by Bank Staff on January 31 and February 1 2020 NOTICE STRIKE BY BANK STAFF on 31st Jan and 1st Feb 2020 Multiple rounds of discussions have been held between the IBA Negotiating Committee and the United Forum of Bank Unions for the … [Read more...]
Union Budget 2020 – New Personal Income Tax Slab Rates
New tax regime to be optional for the taxpayers New Personal Income Tax Regime heralds significant relief, especially for Middle Class Taxpayers New rates entail estimated revenue forgone of Rs 40,000 Crore per year In order to provide significant … [Read more...]
CPI IW for the month of December 2019
AICPIN for December 2019 = 330 The Consumer Price Index is the key factor for determining the percentage of Dearness Allowance and Dearness Relief are granting twice in a year for Government employees and pensioners in India. The press release of … [Read more...]
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