BHARAT SANCHAR NIGAM LTD. (A Government of India Enterprise) Bharat Sanchar Bhawan, PAT SECTION CORPORATE OFFICE H. C. Mathur Lane, New Delhi-01 OFFICE ORDER (No.12 of 2010) No.1-18/2010-PAT(BSNL) Dated, the 23 -06-2010 Subject: Payment of leave encashment on revised pay to Non-executive employees w.e.f. 1.1.2007. The pay of Non executive employees has been revised w.e.f. … Read more
REVISED DISCUSSION PAPERONTHE DIRECT TAXES CODEJUNE 2010 Central Board of Direct TaxesDepartment of RevenueMinistry of Finance CHAPTER II TAX TREATMENT OF SAVINGS – EXEMPT EXEMPT TAX (EET)VIS-À-VIS EXEMPT EXEMPT EXEMPT (EEE) BASIS 1. Chapter-XII of the Discussion Paper on the Direct Taxes Code (DTC) deals with tax incentives for savings. It proposes the “Exempt-Exempt-Taxation‟ … Read more
The Union Cabinet today approved increasing the age of superannuation from 60 years to 65 years for the nursing teaching faculty with M.Sc. in Nursing in Central Government nursing institutions, subject to the condition that these nurses would continue to function as faculty members after the age of 60 years. The decision would help prevention … Read more
In respect of other employees, it is to be determined whether they receive gratuity from an employer covered under the Payment of Gratuity Act, 1972 or not. It is pertinent to note that every gratuity payment received by an employee is not exempt from tax per se. In this context, it is important to note … Read more
NEW DELHI: The interim pension regulator has sought tax relief on investments in the New Pension Scheme (NPS) to make it more attractive to employees of private sector firms. The Pension Fund Regulatory and Development Authority (PFRDA) has written to the finance ministry seeking level playing field for NPS with other long-term savings schemes … Read more