The postal department has launched a new pension scheme for the public, specially service holders, who are able to deposit a minimum of Rs 500 per month, up to the age of 55 years. According to the project officer of the postmaster general office, Saryug Prasad, the amount deposited by the beneficiaries would be invested […]
Higher gratuity limit from May 24
Employees covered under the gratuity law are now eligible to receive gratuity of up to Rs 10 lakh, as against an earlier specified statutory limit of Rs 3.5 lakh. The higher limit of Rs 10 lakh would be allowed for all gratuity payments made on or after May 24, with the Centre specifying this […]
Bonanza for employees receiving gratuity
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 […]
New Scheme for Railway Staff taking voluntary retirement
New Scheme for Railway Staff taking voluntary retirement Indian Railways is all set to start new scheme for its employees who take voluntary retirement from service. Under the safety related retirement scheme, railways will provide employment to one of the family member of the retiring employee. This scheme can be availed by an employee, aged […]
Revision of the rates of Desk Allowance – Recommendations of the VI Central Pay Commission
No.1/10/2009-PIC Government of India Ministry of Personnel, Public Grievances & Pensions Department of Personnel & Training New Delhi dated 17.04.2009 OFFICE MEMORANDUM Subject : Revision of the rates of Desk Allowance – Recommendations of the VI Central Pay Commission Consequent upon the decision taken by the Government on the implementation of the recommendations of the […]