According to the OM issued today by Ministry of Finance , The additional installments of Dearness Allowance and Dearness Relief due from 1st January 2020, 1st July 2020 and 1st January 2021 shall not be paid, However, Dearness Allowance and Dearness Relief at current rates will continue to be paid. These dues will be restored prospectively and will be subsumed in the … [Read more...]
GPF Interest at the rate of 7.1 Percent from 1st April 2020
Department of Economic Affairs has published a resolution declaring the GPF Interest at the rate of 7.1 Percent from 1st April 2020. The General Provident Fund and other similar funds shall carry this interest rate up to 30th June, 2020. (PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA)F.NO.5(2)-B(PD)/2020Government of IndiaMinistry of FinanceDepartment of Economic … [Read more...]
Submission of Form 15G and 15H for Financial Year 2020-21 – CBDT Clarification
Order u/s 119 of the Income-tax Act, 1961 (the Act) regarding submission of Form 15G and 15H for Financial Year-2020-21-reg. In case if a person had submitted valid Forms 15G and 15H to the Banks or other Institutions for F.Y. 2019-20, then these Form 15G and 15H will be valid up to 30.06.2020 for FY 2020-21 also F.No. 275/25/2020-IT(B)Government of IndiaMinistry of … [Read more...]
Revision of interest rates for Small Savings Schemes – Ministry of Finance
The revision of interest rates for Small Savings Schemes and PPF for the first quarter of financial year 2020-21 starting from 1st April, 2020 and ending on 30th June 2020 have been reduced. Government of IndiaMinistry of FinanceDepartment of Economic Affairs(Budget Division) North Block, New DelhiDated: 31.03.2020 OFFICE MEMORANDUM Subject: Revision Of interest … [Read more...]
Budget Allocation under Grant No.37 – Pensions for 2020-21
Budget Allocation under Grant No.37 – Pensions for the Financial Year 2020-21. GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF EXPENDITURECENTRAL PENSION ACCOUNTING OFFICETRIKOOT-II, BHIKAJI CAMA PLACENEW DELHI-110066 No. CPAO/Budget/Review of Expenditure/2019-20/1044 Dated: 31.03.2020 OFFICE MEMORANDUM Sub: Budget Allocation under Grant No.37 – Pensions for … [Read more...]