Income Exempt From Income Tax for the Financial Year 2009-10
on Nov 7, 2009 in Federal Income Tax exempted income no tax income Government employees Cash Loan Salary Based Just Know 14 items which are fully exempt from income tax and which a resident individual Indian assessee can use with profit for the purpose of tax planning. 1. Agricultural incomeUnder the provisions of Section 10(1) of the Income Tax Act, agr...

Clarifications regarding New Pension Scheme.
on Oct 25, 2009 in Central Government employees new pension 6th Pay Commission clarifications new pension sheame pension 1. Whether a retiring Government servant is entitled for leave encashment after retirement under the NPS?The benefit of encashment of leave salary is not a part of the retirement benefits admissible under Central Civil Services (Pension) Rules, 1972.

Right time to invest in Real Estate.
on Oct 17, 2009 in real estate capital gains tax commercial buy property rental capital gains Now the world around us is getting up from recession. Stock market and other financial markets are coming up. This is time to invest in properties, whether it is for residential purpose or for investment purpose.Unlike other investments, investment i...

Free Unlimited Usage of Third Party A.T.Ms Going to Close from Oct 15
on Oct 16, 2009 in Advantages of Banking Money transactions Thrid party usage banks A.T.M R.B.I Free Unlimited withdrawal of Cash from other Banks ATM is being controlled by RBI. From Thursday onwards you can withdraw cash only 5 times in a month and the maximum cash withdrawal at a time is limited to Rs. 10000/-. Withdrawals more than 5 times...

Voluntary retirees from forces entitled to disability pension: SC
on Oct 9, 2009 in retirement Central Government employees retirement age new pension Armed forces voluntary retirement salary In an order which would benefit a large number of armed forces personnel, the Supreme Court has ruled that disabled soldiers who opt pre-mature retirement at their own request are entitled to disability pension.Defence personnel with disabilities att...

An employee has no inherent right to "voluntary retirement" as the same is subject to the rules framed by the employer governing the scheme
on Oct 8, 2009 in Central Government employees retirement age salary.voluntary retirement 60 62 An employee has no inherent right to "voluntary retirement" as the same is subject to the rules framed by the employer governing the scheme, the Supreme Court has ruled.A bench of Justices Tarun Chatterjee and R M Lodha said if the scheme specificall...

An employee has no inherent right to "voluntary retirement" as the same is subject to the rules framed by the employer governing the scheme, the Supre
on Oct 8, 2009 in Central Government employees retirement age salary.voluntary retirement 60 62 An employee has no inherent right to "voluntary retirement" as the same is subject to the rules framed by the employer governing the scheme, the Supreme Court has ruled.A bench of Justices Tarun Chatterjee and R M Lodha said if the scheme specificall...

Pay arrears before Diwali”, Antony’s gift to the Armed Forces
on Oct 2, 2009 in Central Government employees 6th Pay Commission Defence salary 60% arrears The Defence Minister Shri AK Antony has stressed that all men in the Armed Forces must get all their pay arrears relating to the Sixth Central Pay Commission well in time before Diwali. Addressing the Defence Accounts Day function here today, Shri An...

The retirement age for university teachers(University Grants Commission - UGC) is raised from 60 to 62 years.
on Sep 27, 2009 in Central Government employees retirement age 60 salary 62 University and college teachers in Karnataka will get revised University Grants Commission (UGC) pay scales. The retirement age for university teachers is raised from 60 to 62 years.The pay revision along the lines of the Sixth Pay Commission recomme...

Modified Assured Career Progression Scheme (MACPS) - Clarification
on Sep 25, 2009 in Central Government employees Gov't of India Govt Service Government employees salary n pursuance of the recommendations of Sixth Central Pay Commission (Para 6.1.15) of its report), Department of Personnel and Training vide their OM No.35034/3/2008-Esst.(D)dated 19.05.2009 has circulated the Modified Assured Career Progression Scheme...