Category: Finance Ministry

Income Tax 2016-17 (A.Year 2017-18) Rate, Exemptions, Deductions and Rebate for Salaried Employees

| November 15, 2016

Income Tax 2016-17 (A.Year 2017-18) Rate, Exemptions, Deductions and Rebate for Salaried Employees under Section 10, Section 24, Section 89(1), Chapter VIA, and Section 87A Income Tax Rate 2016-17 TAXABLEINCOME RANGE RATE OF INCOME TAX Up to RS.2,50,000 NIL Rs.2,50,001 to Rs.5,00,000 10% of the amount by which the income exceeds Rs.2,50,000 Rs.5,00,001 to Rs.10,00,000 […]

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Rate of Dearness Allowance applicable w.e.f.1.7.2016 to employees of Central Govt Central Autonomous Bodies continuing to draw their pay in the pre-revised pay scales

| November 12, 2016

No. 1/3/2008-E.II(B) Government of India Ministry of Finance Department of Expenditure *** New Delhi, dated the gth November, 2016. OFFICE MEMORANDUM Subject:- Rate of Dearness Allowance applicable w.e.f.1.7.2016 to employees of Central Government and Central Autonomous Bodies continuing to draw their pay in the pre-revised pay scale/grade pay as per 6th Central Pay Commission Consequent upon acceptance of […]

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Recommendations of the Seventh Central Pay Commission – Decision of Government relating to grant of Dearness Allowance to Central Government employees – Rates effective from 1.7.2016.

| November 4, 2016

No. 1/2/2016-E-11 (B) Government of India Ministry of Finance Department of Expenditure ***** OFFICE MEMORANDUM New Delhi, the 4th November, 2016 Subject: Recommendations of the Seventh Central Pay Commission – Decision of Government relating to grant of Dearness Allowance to Central Government employees – Rates effective from 1.7.2016. The undersigned is directed to say that consequent upon the decision […]

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Expected DA January 2017 – AICPIN for September 2016

| November 2, 2016

No. 5/1/2016- CPI GOVERNMENT OF INDIA MINISTRY OF LABOUR & EMPLOYMENT LABOUR BUREAU Press Release ‘CLEREMONT’, SHIMLA-171004 DATED: 31st October, 2016 Consumer Price Index for Industrial Workers (CPI-IW)- September, 2016 The All-India CPI-IW for September, 2016 decreased by 1 point and stood at 277 (two hundred and seventy seven). On 1-month percentage change, it decreased by (-) […]

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Facility – IT department to send sms on tax deduction to tax payer

| October 29, 2016

Facility – IT department to send sms on tax deduction to tax payer, Please read this news paper report published in Amar Ujala:-  

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Cabinet approves 2 percent dearness allowance for central govt employees and pensioners

| October 27, 2016

Dearness allowance is provided to employees and pensioners to minimise the impact of price rise on their earnings.   New Delhi:- The Cabinet on Thursday approved the 2 per cent hike in Dearness Allowance (DA) for Central Government employees and pensioners, effective from July 1, 2016. The proposal to hike the DA was granted during […]

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Centre may Announce 2% DA for Staff, Pensioners Today – PTI

| October 27, 2016

Centre may Announce 2% DA for Staff, Pensioners Today – The central government employee unions want that the DA should be increased by 3 per cent. New Delhi, Oct 26 (PTI) In what could bring cheers to 50 lakh central employees and 58 lakh pensioners ahead of Diwali, the Centre is all set to announce […]

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Central government to announce Dearness Allowance July 2016 before Deewali

| October 25, 2016

Central government to announce Dearness Allowance July 2016 before Deewali, Please read this newspaper report published in hindi daily:-   click here for larger view:-

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Government to announce Dearness Allowance before Diwali

| October 24, 2016

The government is likely to announce the much awaited Dearness Allowance (DA)  for government employees just before Diwali. The announcement of DA, which comes into effect from July, is already late by around a month. Usually, central government approves the allowance in the first week of September, and the order is released in the third or […]

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Interest on Provident Fund may reduce further

| October 13, 2016

Interest on Provident Fund may reduce further, Please read this news paper report published in Hindi Daily Hindustan :- click image below for larger view:-

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