The National Federation of Railwaymen Federation (NFIR) writes to the Prime Minister Shri Narendra Modi on 30.12.2019 a list of proposals for consideration in the Union Budget 2020. Highlights of Proposals: Income Tax Exemption on Pension for Senior Citizens Restoration of Pension completion of Ten years Introduce ‘Old Age Parent Care Leave‘ Reintroduce Family Planning … [Read more...]
Central Trade Unions reactions to Union Budget 2018
Central Trade Unions reactions to Union Budget 2018 Bharatiya Mazdoor Sangh (BMS)reactions to Budget – Labour unfriendly and disappointing Budget Middle class employees are unhappy with no increase in their ceiling for tax exemption; at the same time the cess on income tax is increased from 3% to 4%. This was done at a time when the budget claims 41% increase in the tax … [Read more...]
New Benefits for NPS Subscribers in Union Budget 2017-18
New Benefits for NPS Subscribers in Union Budget 2017-18 In a bid to provide further impetus to the National Pension System (NPS), the following provisions have been introduced in the Finance Bill 2017 laid down in the Parliament today. Tax-exemption to partial withdrawal from National Pension System (NPS) The existing provision of section 10(12A)of the Income Tax Act, 1961 … [Read more...]