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Showing posts from November, 2012

Taxes on Leave Encashment

Normally every employee is entitled to certain number of leaves per month/annum. If this leave is not availed then unutilized leave either get lapsed or get carry forward and at the time of retirement/otherwise or on leaving the employer, pay equivalent to leave remaining unutilized in the employee account will be paid to employee … Read More

LTC for the newly recruited CGEs

Leave Travel Concession for Central Government employees in general provides for reimbursement of fare entitled to the employee and his / her family concerned for the travel to home town twice in four years or to a place any where in India in lieu of one home town travel concession once in four years … Read more

Some common guidelines on Deputation/Foreign service within India

SOME COMMON GUIDELINES ON DEPUTATION/FOREIGN SERVICE WITHIN INDIA Central Government employees are allowed to go on deputation to ex-Cadre posts under the Central Government or State Governments and on Foreign Service terms to Public Sector Undertakings and Autonomous Bodies. Deputation or Foreign Service cover only those appointments that are made by transfer on a temporary basis provided the transfer is outside the normal field of deployment (to be decided by the authority which controls the service or post from which the employee is transferred) and is in the public interest… Read more

Confederation publishes the detailed note on 15 Point Charter of Demands

Item No. 1. Revision of wage with effect from. 1.,01..2011. The present wage structure of the Central Govt. Employees has been made on the basis of the 6th Central Pay Commission’s recommendations.  The 6th CPC introduced a new concept in the form of Pay band and Grade Pay.  The recommendations of the Commission were implemented with effect from 1.1.2006 in the case… Read more

CGEA&W strike on December 7

Central government employees will go on strike on December 7 to highlight their demands. The Central Government Employees Association and Workers (CGEA&W ) has constituted a five-member flying squad to make the strike successful, Sharad Prakash Agarwal, general secretary, CGEA & W, said on Thursday. The squad would go to all the departments and chalked … Read more

Can a pensioner claim rebate for House rent paid ?

To claim HRA rebate first a major condition ( Read : Things You Should Know About HRA and Tax Benefits ) is assessee should have received House Rent allowance from employer and he should have paid rent for House taken on rent.The amount of HRA exempted under section 10(13A) read with rule 2A is least of the following ….. Read more

Things You Should Know About HRA and Tax Benefits

House Rent Allowance (HRA), is an important component in our salary slips, with upto 30% of basic pay (+DP) in metros. HRA is the allowance given to meet the staff's expenses towards renting an accommodation. Though very simple in concept and calculation, the tax implications of the HRA, puzzles many a people. Here are 7 must knows …. Read More

The fact : Just tag, no benefits for paramilitary personnel

The Union Home Minister Sushil Shinde has yesterday announced that the retired paramilitary personnel will be granted status of "ex-servicemen". Lakhs of serving and retired paramilitary personnel were overjoyed by this announcement. But what is the reality?The first point to note is that they will be granted the status of "ex-servicemen" and not "ex-servicemen". .... read more...

AI CPI-IW at 215; 80% DA likely from Jan 2013

The All-India CPI-IW for September, 2012 was announced yesterday. It rose by 1 point and pegged at 215 (two hundred and fifteen). On 1-month percentage change, it increased by only 0.47 per cent between August and September as compared with 1.55% between the same months a year ago. The largest upward contribution to the change in current index came from food items which increased by 0.87 per cent, .... read more...

AI CPI-IW at 215; 80% DA likely from Jan 2013

The All-India CPI-IW for September, 2012 was announced yesterday. It rose by 1 point and pegged at 215 (two hundred and fifteen). On 1-month percentage change, it increased by only 0.47 per cent between August and September as compared with 1.55% between the same months a year ago. The largest upward contribution to the change in current index came from food items which increased by 0.87 per cent, .... read more...