CBDT’s Update on Processing Refund Claims: Extended Deadline The Central Board of Direct Taxes (CBDT) has recently issued an order regarding the processing of refund claims under the Income-tax Act, 1961. This order highlights the extension of the timeframe and its significance. The CBDT, in its order dated 05.07.2021 and 30.09.2021, relaxed the timeframe prescribed […]
Modifications in Instructions on Booking of Air Tickets on Government Account in Respect of Leave Travel Concession (LTC)
The Department of Personnel and Training (DoPT) has recently made some modifications to the instructions on booking air tickets for government employees in respect of Leave Travel Concession (LTC). These modifications aim to address the concerns raised by government employees regarding the settlement of claims, particularly for those who have not retained the screenshot of […]
Expected Dearness Allowance From January 2024
Dearness Allowance 2024 Dearness Allowance (DA) is an important component of the salary for government employees in India. It is a cost of living adjustment allowance that is calculated as a percentage of the basic salary to mitigate the impact of inflation on the purchasing power of employees. The DA is revised twice a year, […]
Revision of Variable Dearness Allowance (VDA) for Contract Workers
The Ministry of Railways has recently issued a letter, dated 17.10.2023, regarding the revision of the rate of Variable Dearness Allowance (VDA) for contract workers engaged in various employment activities. This revision will be effective from 01.10.2023 onwards, as per the ministry’s directive (RBE No. 115/2023). The Variable Dearness Allowance (VDA) is an additional component […]
Understanding the Consumer Price Index: A Guide for Consumers
The Consumer Price Index (CPI) is an important economic indicator that measures changes in the average prices of goods and services purchased by households over time. It is widely used by governments, businesses, and individuals to track inflation and make informed decisions. The CPI is calculated by collecting price data for a basket of goods […]