Tax on NPS The provision that the withdrawal from National Pension Scheme is taxed to the extent of 60 per cent has been introduced into the Income Tax Act, 1961 (‘Act’) vide Finance Act, 2016 by inserting clause (12A) in Section 10 of the Act. Prior to Finance Act, 2016, National Pension Scheme (NPS), referred […]
PIB NEWS
Shortage of Soldiers in Armed Forces
Shortage of Soldiers in Armed Forces The shortage of soldiers in the three Armed Forces is given as under: Officers: Army (as on 1.1.2017) Navy (as on January, 2017) Air Force (as on 7.4.2017) 7986 1256 Nil JCOs / Other Ranks & Equivalent: Army (as on 1.1.2017) Navy (as on January, 2017) Air Force […]
Resolving Anomalies in Disability Pension
Resolving Anomalies in Disability Pension The concerns raised by the Armed Forces with regard to disability pension in the 7th Pay Commission are being addressed. The 7th Central Pay Commission (CPC) recommended the following on disability pension:- The Commission is of the considered view that the regime implemented post 6th CPC needs to be discontinued, and […]
Redressing Grievances of Ex-Servicemen over OROP
Redressing Grievances of Ex-Servicemen over OROP Salient features of the Government order dated 07.11.2015 on OROP are as under:- Pension of the past pensioners would be re-fixed on the basis of pension of retirees of calendar year 2013 and the benefit will be effective with effect from 01.07.2014. Pension will be re-fixed for all pensioners […]
Linking of Aadhaar Cards with Universal Account Numbers
Linking of Aadhaar Cards with Universal Account Numbers A total of 1,68,87,580 Aadhar numbers have been linked with Univarsal Account Numbers. The process is entirely online and a continuous activity and all new subscribers including those who are left out are consistently urged by the Employees’ Provident Fund Organization (EPFO) through their respective employers to complete the uploading […]