Redressing Grievances of Ex-Servicemen Salient features of the Government order dated 07.11.2015 on OROP are as under:- Pension of the past pensioners would be re-fixed on the basis of pension of retirees of calendar year 2013 and the benefit will be effective with effect from 01.07.2014. Pension will be re-fixed for all pensioners on the […]
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Tax on NPS withdrawal The provision that the withdrawal from National Pension Scheme is taxed to the extent of 60 per cent has been introduced into the Income Tax Act, 1961 (‘Act’) vide Finance Act, 2016 by inserting clause (12A) in Section 10 of the Act. Prior to Finance Act, 2016, National Pension Scheme (NPS),
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Demand to Increase GPF interest rate at par with EPF Interest With effect from 7th March 2017, Government has simplified and liberalised the conditions for taking advance from the fund by the subscribers for education, illness, purchase of consumer durables. Conditions and procedures for withdrawal from the fund for the purpose of education, illness, housing,
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