Limit of Deduction of Rent Increased from Rs.24,000 to Rs.60,000 100% Deduction of Profits for 3 out of 5 Years for Start-Ups Withdrawal upto 40% of the Corpus to be Tax-Free at the time of Retirement Deduction of Additional Interest of Rs.50,000 Per Annum for First-Time Home buyers New Dispute Resolution Scheme to be Introduced […]
Important Announcements made by Union Finance Minister Shri Arun Jaitley in his Budget speech 2016-17
7th pay commission latest news Important Announcements made by Union Finance Minister Shri Arun Jaitley in his Budget speech 2016-17 Big Focus on Agriculture and Farmer’ Welfare (i) Farmer’s income to be doubled by 2022. (ii) 28.5 lakh hectares will be brought under irrigation under Pradhan Mantri Krishi Sinchai Yojana. (iii) 89 irrigation projects, […]
Certain Tax Reliefs announced for small tax payers and others.
Certain Tax Reliefs announced for small tax payers and others. While presenting the General Budget 2016-17 in Lok Sabha here today, the Union Finance Minister Shri Arun Jaitley said that the taxation is a major tool available to Government for removing poverty and inequality and this has to be cautiously exercised. But, he would like […]
7th pay commission fitment formula should be 3.42 in place of 2.57
7th pay commission fitment formula should be 3.42 in place of 2.57 BHARATIYA PRATIRAKSHA MAZDOOR SANGH (AN ALL INDIA FEDERATION OF DEFENCE WORKERS) (AN INDUSTRIAL UNIT OF B.M.S.) (RECOGNISED BY MINISTRY OF DEFENCE, GOVT. OF INDIA) CENTRAL OFFICE: 2-A, NAVEEN MARKET, KANPUR – 208001, PH & FAX : (0512) 2332222 MOBILE: 09415733686, 09235729390, 09335621629, WEB […]
Casual Labourers with temporary status-clarification regarding contribution to GPF and Pension under the old pension scheme
Casual Labourers with temporary status-clarification regarding contribution to GPF and Pension under the old pension scheme No.49014/2/2014-Estt (C) Government of India Ministry of Personnel, Public Grievances and PG Department of Personnel and Training Establishment Division New Delhi, North Block, February 26th, 2016 OFFICE MEMORANDUM Subject: Casual Labourers with temporary status-clarification regarding contribution to GPF and […]