The Ministry of Railways in India has issued a letter regarding the closure of the Central Organisation for Modernisation of Workshops (COFMOW).
CGE Latest News
Vacations in KVs for the AY 2023-24
Schedule has been decided by the competent authority for the summer and autumn/winter vacations in Kendriya Vidyalayas for the academic session 2023-24
Impact of Maximum Pensionable Salary on EPS
The Employees Pension Scheme (EPS), 1995 calculates the pension of members based on the pensionable service and pensionable salary of the member, according to the provisions of the EPS, 1995.
EPFO Offers Enhanced Pension Opportunity to Pensioners
EPFO in India has issued instructions to allow a section of pensioners to apply for an enhanced pension. The directions of the court have legal, financial, actuarial, and logistical implications and are under examination by the EPFO.
Standard Deduction for Salaried Employees
The Indian government has increased the standard deduction for tax calculation available on the gross salary of salaried employees from Rs. 40,000 to Rs. 50,000 in 2019 as per the provisions of the Income-tax Act, 1961.