Discover the array of tax benefits available for Senior Citizens and Super Senior Citizens under the Income-tax Act, 1961. From higher exemptions to specialized deductions, explore how seniors can optimize their tax liabilities. Download the e-Brochure for detailed insights
Licence Fee Revision: Standard Rent for Residential Accommodation on Indian Railways w.e.f. 01.07.2023
The Indian Railway Ministry has announced a revision in the flat rate of Licence Fee (Standard Rent) for railway residential properties, effective from July 1, 2023. This update follows a previous revision in July 2020. The revised rates, detailed in Annexure-A, apply to all railway residential accommodations, excluding sub-standard ones. Immediate implementation of these changes has been directed.
Dearness Relief Hike for Central Government Pensioners – Effective from 01.07.2023
The Central Government has announced a significant hike in the Dearness Relief for pensioners, which will be effective from 01.07.2023. This decision comes as a relief for the pensioners who have been waiting for an increase in their monthly pension. The Dearness Relief is a component of the pension that is provided to retired government […]
Retired Central Government Employees Option for NPS To OPS
The memorandum clarifies that the OM dated 03.03.2023 is not restricted to currently serving employees. Retired Central Government employees who are otherwise eligible for coverage under the Old Pension Scheme (OPS) can also benefit from this option. No. – 57/03/2022-P&P W(13)/8361 (1)Government of IndiaMinistry of Personnel, Public Grievances and PensionsDepartment of Pension and Pensioners’ Welfare […]
NPS To OPS – Guidelines and Clarifications
Guidelines for Including Employees in CCS(Pension) Rules 2021 After Transition to Central Government Service The Ministry of Personnel, Public Grievances and Pensions, Department of Pension and Pensioners’ Welfare, has issued an official memorandum dated 20th October, 2023, providing guidelines and clarifications on the inclusion of Central Government employees under the Central Civil Services (Pension) Rules, […]