Government should hike tax-exempted savings limit to Rs 2.5 lakh from Rs 1.5 lakh at present, and re-introduce standard deductions for salaried employees to boost consumption, industry body Assocham has said."As Finance Minister Arun Jaitley begins engagements with stakeholders for the ensuing Budget for 2016-17, Assocham has recommended to the government to increase the deduction for long term savings to Rs 2.5 lakh (from Rs 1.5 lakh). And re-introduce the concept of standard deductions for salaried employees who can then give a boost to consumption demand and boost economic growth," Assocham said in a release.Besides, Assocham has also pitched for revision of the deduction of interest on
Read MoreKnow Easy steps to Calculate your 7th Pay Commission New Pay Scale7th Pay commission simplified the calculation for arriving revised Pay through new 7th CPC Pay MetrixWe here illustrate the method through easy 6 Steps to calculate our 7th CPC New Pay and Allowances to know your selfLat us Assume you are drawing Grade Pay Rs.4200 and Pay in the
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Read MoreNo. 3101 l/3/2015-Estt (A.IV)Government of IndiaMinistry of Personnel. Public Grievances and PensionsDepartment of Personnel and TrainingEstablishment A-IV DeskNorth Block, New Delhi-110 001Dated: March 23 , 2016OFFICE MEMORANDUMSubject:- Central Civil Services (Leave Travel Concession) Rules, 1988 — Fulfillment of procedural
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Read MoreF.No.142/40/2015-A VD.IGovernment of IndiaMinistry of Personnel, Public Grievances and PensionsDepartment of Personnel and TrainingNew Delhi Dated, the 7th January, 2016OFFICE MEMORANDUMSubject: – Procedure for empanelment of retired officers as the Inquiry Officers for conducting Departmental Inquiries– reg.The undersigned is directed to
Read MoreF.No.s.11030/55/2011-CGHS(P)Government of India Ministry of Health and Family WelfareCGHS (P) SectionNirman Bhavan, New DelhiDated the 10th December, 2015OFFICE MEMORANDUMSub: Deduction of CGHS Contribution on change of Grade Pay by virtue of promotion/grant of NFSG from retrospective date- reg.cghs-order-contributionThis Ministry is
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