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The Department of Pension and Pensioner's Welfare is working on this front with the vision of ensuring a life of dignity for pensioners, Minister of State for Personnel, Public Grievances and Pensions Jitendra Singh said.
So far 2,06,024 pensioners have submitted DLCs.
Not filing an ITR or paying the tax dues on the deceased's behalf can lead to penal consequences.
The Union Budget 2021-22 has made it easier for sovereign wealth funds and pension funds to invest in Indian infrastructure projects, but some of the new rules may need more clarity, experts said. The proposed regime requiring investments through holding companies may have adverse tax implications for such funds and may create an arbitrage between the new and old projects, they said. Besides, the ownership structure of holding companies through which investments are to be made requires further clarification, they added.
Many seniors mistakenly believe they need not file returns if tax is deducted at source (TDS) on income received. This is incorrect.
With effect from January 1, 2006, pension is calculated with reference to average emoluments.
Rajasthan is reeling under a huge financial burden with the state's debt having gone beyond Rs 5.59 lakh crores. Rajasthan has increased expenditure on education by 203.4 percent, by 105.4 percent on health, by 227.14 percent on housing. Its expenditure on social welfare schemes has increased by almost 2,475 per cent.
The decision is likely to bring additional amount of about Rs 1,500 crore or Rs 15 billion (including interest) in the books of MTNL as refund from government for the pension that the PSU paid to its employees.
'The committee has been constituted. Different government departments and FSDC members are part of it.'
The Maharashtra cabinet on Thursday cleared a proposal that offers an option of availing the Old Pension Scheme (OPS) to the state government employees who joined the service after November 2005.
This Act had to be excluded from the list of the obsolete laws to be repealed as some of its provisions provide security to the pensioners against attachment of pension
Amid the Budget preparation, the revenue department is assessing the feasibility of further adjustments to maximise benefits for salaried individuals.
The fund will promote domestic shipbuilding of all types and sizes to reduce India's dependence on foreign ships.
The finance minister continues to be backed by the same policy team in charting out the broad strategy as in the few earlier Budgets.
rediffGURU T S Khurana answers readers' personal income tax queries.
A land-owning class, the Jats are a powerful community and account for 28 per cent of Haryana's population. The time, they believe, has now come for them to take revenge.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Compulsory retirement is part of a half-yearly exercise now for cases where government wants to weed out officers, but without taking the disciplinary proceedings route.
Sitaram Yechury strived to have the country's Left movement shed its doctrinaire approach to India's socio-cultural complexities and stitch electoral and social alliances to fight the Sangh Parivar.
Here are some frequently asked questions about the one rank, one pension scheme
In a big relief to over a crore retired employees of government and PSUs, a pensioner can now digitally provide proof of his existence to authorities for continuity of pension every year instead of requiring to present himself physically or through a Life Certificate issued by specified authorities.
'What happened was that over a period of time, the data analytics showed that many were claiming it and that it was being misused'
Rescue teams on Friday used GPS coordinates from aerial drone pictures and cell phones, including the last location of people who lived in the landslides-hit areas of Wayanad to help locate survivors, amidst accelerated search operations after the completion of the 190-foot-long Bailey bridge by the Army.
'Instead of joining us in celebrating the strikes, the MoD has stabbed us in the back,' says a top general.
Signalling both change and continuity, India's new government, headed by Prime Minister Narendra Modi for a third consecutive term, got into work gear on Tuesday with cabinet ministers and ministers of state filing into their respective offices to assume charge.
The 1.4% decline projected for 2025 is driven by a 5.6% (72,000) dip in the strength of railway employees to 1.2 million by next year.
'This year overall hiring has seen a slight improvement as compared to the dip seen during the last financial year.'
'No one is propagating RSS ideology as a government officer.'
The central government has appointed India Invest Economic Foundation, a private agency, as consultant for operationalisation of new pension scheme by this month.
The supplementary demands for grants include a gross additional spending of over Rs 2 lakh crore, which would be matched by savings of over Rs 1.21 lakh crore.
The full grant of OROP would raise annual military pensions to Rs 75,000 crore, only slightly less than the salary bill of Rs 93,216 crore.
Former Indian Air Force chief Air Chief Marshal R K S Bhadauria (retired) joined the Bharatiya Janata Party on Sunday and praised Prime Minister Narendra Modi's leadership and the steps taken by his government to modernise and strengthen the armed forces
Prime Minister-designate Narendra Modi is expected to have a 45-member council of ministers who will take oath along with him on Monday evening. The council of ministers is expected to have 23 Cabinet ministers, 10 ministers of state with independent charge and 11 ministers of state, according to sources. There are 26 less ministers in Modi's Cabinet compared to the UPA II council of ministers.
In a minor reshuffle, Uttar Pradesh Chief Minister Akhilesh Yadav has taken over the charge of 11 new departments. As per a notification issued in Lucknow, agriculture, foreign trade, export and marketing have been taken away from Agriculture Minister Anand Singh. Akhilesh has been given additional charge of Food and Drug Authority, AYUSH, non-conventional energy sources, infrastructure, coordination, public enterprises, political pension, language, agriculture, foreign trade
Te Congress slammed the Centre's order, alleging that Prime Minister Narendra Modi wants to politicise employees on an ideological basis.
This is the second extension sought by the Union government to pay the arrears after it had first moved the top court in June and sought three months to compute and make payment.
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