8th Pay Commission: Anticipated Significant Salary Increase for Government Employees
The 8th Central Pay Commission (CPC) is poised to introduce substantial modifications to the salary and pension framework for central government employees and pensioners in India. Below are the key updates regarding this development. Key Aspects of the 8th Pay Commission Formation Approval: The Government of India, led by Prime Minister Narendra Modi, has approved the establishment of the 8th Pay Commission. This new framework will supersede the current 7th Pay Commission, which will continue to be applicable until 2026. Projected Salary Increase: Reports indicate a considerable increase in the basic pay for government employees. The minimum basic salary may rise from
Read MoreImportant Tips to save Income TaxWith insurers, fund houses and others pushing products during this time, do the numbers firstIn December, employees typically start getting letters from their human resource department to provide documents to support their tax-saving declaration made in March.This year, there is a twist in the tale.The Union
Read MoreKendriya Vidyalaya Sangathan(HQs)18 Institutional AreaShaheed Jeet Singh MargNew Delhi – 110016File No. 110334/2012-KVSHQ(Acad.)/.Part II/5280-5285Dated 10.12.2014OFFICE MEMORANDUMSubject:- Vacation and Breaks in Kendriya Vidyalayas during academic session 2015-16.The Competent Authority has decided the following, schedule for Vacation and
Read MoreSeeking to boost household savings, the government today hiked the exemption limit for investments by individuals in financial instruments to Rs 1.5 lakh.Presently the investments and expenditures up to a combined limit of Rs 1 lakh get exemptions under Sections 80C, 80CC and 80CCC of the Income-Tax Act.The announcement to hike tax savings limit
Read MoreIncome Tax Structure 2014-15 announced in Budget 2014There is no change in the income tax rate for the year 2014-15 (Assessment Year 2015-16)(i) The rates of income-tax in the case of every individual (other than those mentioned in (ii) and (iii) below)Upto Rs. 2, 50,000 NILRs. 2,50,001 to Rs. 5,00,00010 per
Read MoreAttention is invited to Para No. 5.5 of this Department's O.M. No. AB.14017/48/2010-EstL(RR) dated 31st December, 2010 wherein it has been stipulated that Quarterly returns in respect of the recruitment rules for service should be sent in time to the Department of Personnel & Training and the Union Public Service Commission (for Group 'A'
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