Category: Finance Ministry

Provident Fund Deposits To Fetch Lower Interest Rate In 2017-18: 5 Points

| February 21, 2018

EPFO had given an 8.65 per cent interest rate to subscribers in 2016-17. EPFO or Employees’ Provident Fund Organisation today announced an interest rate of 8.55 for the year 2017-18 as compared to 8.65 per cent interest rate given to subscribers in 2016-17, and 8.8 per cent interest offered in 2015-16. Even though the EPFO […]

Read More

Travelling Allowance Rules — Implementation of the Recommendations of the Seventh Pay Commission – FIn Min Orders

| February 7, 2018

Travelling Allowance Rules Clarification for admissibility of Daily Allowance F. No. 19030/1/2017-E.IV Government of India Department of Expenditure E.IV Branch North Block, New Delhi. Dated 01st February, 2018 OFFICE MEMORANDUM Sub :- Travelling Allowance Rules — Implementation of the Recommendations of the Seventh Pay Commission Consequent upon the issuance of this Department’s O.M. of even […]

Read More

AICPIN for December 2017 released – How much DA is expected from January 2018

| February 4, 2018

No.5/1/2017–CPI GOVERNMENT OF INDIA MINISTRY OF LABOUR & EMPLOYMENT LABOUR BUREAU ‘CLEREMONT’, SHIMLA-171004 DATED: 31st January, 2018 Press Release Consumer Price Index for Industrial Workers (CPI-IW) — December, 2017 The All-India CPI-IW for December, 2017 decreased by 2 points and pegged at 286 (two hundred and eighty six). On 1-month percentage change, it decreased by […]

Read More

Budget 2018 hikes cess on income tax to 4 per cent from 3 per cent: Here’s how much more you will pay

| February 1, 2018

Budget 2018 has proposed to hike cess on income tax from 3% to 4% thereby increasing the tax payable by all categories of tax payers. Due to this change, the tax liability for highest tax bracket (assuming Rs 15 lakh income) goes up by Rs 2,625. For the middle income tax payers (between Rs 5 […]

Read More

Exemption of Interest Income increased to Rs. 50,000 for Senior Citizens

| February 1, 2018

Exemption of Interest Income increased to Rs. 50,000 for Senior Citizens Relief to Senior Citizens: Exemption of Interest Income on deposits increased to Rs 50,000 Pradhan Mantri Vaya Vandana Yojana extended up to March 2020 Existed limit on investment under PMVVY enhanced to Rs 15 lakhs With the objective of providing a dignified life to […]

Read More

Relief to salaried Tax Payers – standard deduction of Rs 40000 allowed

| February 1, 2018

Relief to salaried taxpayers – standard deduction of Rs 40000 allowed Press Information Bureau Government of India Ministry of Finance 01-February-2018 13:29 IST Relief to salaried taxpayers: standard deduction of Rs 40,000 allowed in lieu of present exemptions 2.5 Crores salaried employees and pensioners to benefit. Differently-Abled will continue to get transport allowance at enhanced […]

Read More

Budget 2018 – Modi Government to give big relief in tax

| January 29, 2018

10 लाख तक आय आ सकती है 5% स्लैब में, साढ़े तीन लाख रपए तक हो सकती है आयकर छूट की सीमा मोदी सरकार के पांचवें बजट की तैयारी कर रहे वित्त मंत्री अरुण जेटली वर्ष 2018-19 के बजट में करदाताओं को बड़ी राहत देते हुए आयकर स्लैब में बदलाव करने के साथ ही सीमा […]

Read More

Budget 2018: नौकरी पेशा लोगों की क्या हैं TOP 5 उम्मीदें

| January 26, 2018

डेलायट पर्सनल टैक्स सर्वेक्षण के मुताबिक 71 फीसदी लोग धारा 80 सी के तहत 1,50,00 लाख के सीमा को 2,50,000 लाख रुपये करने के पक्ष में हैं.  आम बजट बहुत ही नजदीक है. 1 फ़रवरी को केंद्रीय वित्त मंत्री आम बजट 2018 पेश करने वाले हैं. प्रधानमंत्री नरेंद्र मोदी ने हालिया बयान में कहा था […]

Read More

Government to incorporate standard deduction again in Income Tax Slabs

| January 10, 2018

इनकम टैक्स में स्टैंडर्ड डिडक्शन फिर से लागू कर सकती है सरकार, टैक्स स्लैब के हिसाब से होंगे रेट मोदी सरकार लोकसभा चुनावों से पहले 1 फरवरी को पेश होने वाले पूर्ण आम बजट में जहां इनकम टैक्स में स्टैंडर्ड डिडक्शन की व्यवस्था फिर से लागू कर सकती है। वहीं दूसरी तरफ कैपिटल गेन्स टैक्स में […]

Read More

Central Government Employees to get 2% Dearness allowance from Jan 2018

| January 10, 2018

केन्द्र और राज्य सरकार के कर्मचारियों और पेंशनरों को जनवरी 2018 से दो प्रतिशत अतिरिक्त महंगाई भत्ता मिलेगा। उपभोक्ता मूल्य सूचकांक के आधार पर की गई गणना के मुताबिक डीए दो प्रतिशत बढ़ना तय है। इससे केन्द्र सरकार के 80 लाख के अलावा उत्तर प्रदेश सरकार के लाखों कर्मचारियों और पेंशनरों को लाभ होगा। डीए […]

Read More