5th CPC DA increased from 412% to 427%. The Ministry of Finance, Government of India, has issued an Office Memorandum (OM) regarding the revision of rates of Dearness Allowance (DA) for employees of the Central Government and Central Autonomous Bodies. This revision applies to those employees who are continuing to draw their pay in the … Read more
The Ministry of Finance, Department of Public Enterprises, Government of India has issued an office memorandum regarding the payment of Dearness Allowance (DA) to the employees of Central Public Sector Enterprises (CPSEs) who are following the CDA pattern pay scales. The memorandum states that the DA payable to the employees will be enhanced from the … Read more
In September 2023, the All-India Consumer Price Index for Industrial Workers (AICPIN) decreased by 1.7 points to 137.5, marking a 1.22% decrease from the previous month. This dip contrasts with a 0.84% increase in the same period the previous year. The index is heavily influenced by the price of food and beverages, especially items like fish, mustard oil, and certain vegetables. Certain items like rice and dairy milk applied upward pressure on the index. Year-on-year inflation for the month was 4.72%.
Explore the updated provisions for General Provident Fund (GPF) withdrawals and advances as per the recent memorandum from the Department of Pension & Pensioners Welfare. Learn about the expanded purposes, increased limits, and simplified procedures for government employees to make the most of their GPF benefits
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