AICPIN (All-India Average Consumer Price Index Numbers for Industrial Workers) for the month of June has been announced and it stands atat 189. The Dearness allowance for Central Government employees and pensioners will be enhanced by 7% from July 2011. This makes the total DA at 58% The DA ...

The New Pension Scheme (NPS), which should have become an important part of the country's savings landscape, is dead, at least for the time being. This, more or less, is what a government committee set up to examine the NPS is saying. The recommendations of the 'Committee to Review Implementation ...

The Central Board of Direct Taxes has notified the scheme exempting salaried taxpayers with total income up to Rs.5 lakh from filing income tax return for assessment year 2011-12, which will be due on July 31, 2011. However, they should get from their employer Form 16 — the ...

Deduction for contribution to the National Pension Scheme in the hands of the employer and exclusion of such contributions in computing exemption for Sec 80C is a morale booster for employer and employee. The New Pension Scheme (NPS) was introduced by the Union Government in 2003. According to the new scheme, ...

The government is planning to extend the retirement age of all central government employees by two years — from the current 60 to 62 years. Sources said that an in-principle decision has been taken in this regard and the department of personnel and training (DoPT) has begun the work to ...