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.
Pay Anomalies Among Government Employees
The Minister of State in the Ministry of Finance has answered an Unstarred Question in the Rajya Sabha regarding anomalies in the pay of employees.
Assurance Benefits for EDLI Scheme – Reminder
The Employees’ Deposit Linked Insurance Scheme (EDLI) is a government-run insurance program in India for workers covered under the Employees’ Provident Fund (EPF).
Ministry of Finance on Re-fixing Pay for Central Government Employees
The Department of Expenditure in the Ministry of Finance has issued an O.M. clarifying the admissibility of conditions for pay fixation for Central Government employees.