Income Tax in Budget: Tax Rebate u/s 87A increased, Deduction of Additional Interest of Rs.50,000 for First Home buyers

Tax Rebate u/s 87A increased, Deduction of Additional Interest of Rs.50,000 for First Home buyers 

Press Information Bureau
Government of India
Ministry of Finance
29-February-2016 13:01 IST
Limit of Deduction of Rent Increased from Rs.24,000 to Rs.60,000
100% Deduction of Profits for 3 out of 5 Years for Start-Ups withdrawal upto 40% of the Corpus to be Tax-Free at the time of Retirement
Deduction of Additional Interest of Rs.50,000 Per Annum for First-Time Home buyers
New Dispute Resolution Scheme to be Introduced
Thirteen Cesses Levied by Various Ministries having Revenue Collection less than Rs.50 Crore to be Abolished
‘E-Sahyog’ and ‘E-Assessment’  to be Expanded Further
100% Deductions for Profits to an undertaking in Housing Project for Flats up to 30 Sq. Mtrs.                         

            The Union Finance Minister Shri Arun Jaitley said that taxation is a major tool available to government for removing poverty and inequality from the society.   He enlisted 09 categories of thrust in his text proposals which include (1) Relief to small tax payers (2) Measures to boost growth and employment generation (3) Incentivizing domestic value addition to help Make in India (4) Measures for moving towards a pensioned society (5) Measures for promoting affordable housing (6) Additional resource mobilization for agriculture, rural economy and clean environment (7) Reducing litigation and providing certainty in taxation (8) Simplification and rationalization of taxation (9) Use of technology for creating accountability.

Announcing relief to small tax payers Shri Jaitley proposed to raise the ceiling of tax rebate U/s. 87A from Rs.2000 to Rs.5000.  With this, individuals having income up to Rs.5 lakh will get a relief of Rs.3000 in their tax liability.  He also proposed to increase the limit of deduction of rent paid U/s.80 GG from Rs.24,000 per annum to Rs.60,000 to provide relief to those who live in rented houses.  Shri Jaitley proposed to increase the turnover limit under presumptive taxation scheme U/s.44 AD of the Income Tax Act to Rs.2 Crores from existing limit of Rs.1 Crore which will benefit more than 30 lakh small business people. He also proposed to extend the presumptive taxation scheme with profit deemed to be 50%, to professionals with gross receipts up to Rs.50 lakh.

Announcing the measures to boost growth and employment generation Shri Arun Jaitley said that the accelerated depreciation provided under IT Act will be limited to maximum 40% from 1st April 2017.  The benefit of deductions for research would be limited to 150% from 1st April 2017 and 100% from 1st April 2020.  The benefit of Section 10-AA  to new SEZ units will be available to those units which commence activity before 31st March 2020.  The weighted deduction U/s.35-CCD for skill development will continue up to 1st April 2020, Shri Jaitley said.

Announcing Corporate Tax proposals Shri Arun Jaitley said that new manufacturing companies incorporated on or after 1st March 2016 will be given an option to be taxed at 25% + Surcharge and Cess provided they do not claim profit- linked or investment-linked deductions and do not avail of investment allowance and accelerated depreciation. He further proposed to lower the Corporate Tax rate for the next financial year for relatively small enterprises i.e., companies with turnover not exceeding Rs.5 crore (in the financial year ending March 15), to 29% +Surcharge and Cess.

Recognizing the importance of start-ups in employment generation and as key partners in Make in India programme, Shri Jaitley proposed 100% deduction of profits for three out of five years for start-ups set up during April 2016 to March 2019 entailing MAT liability. He also proposed 10 per cent rate of tax on income from worldwide exploitation of patents, developed and registered in India by a resident. In order to get more investment in Asset Reconstruction Companies (ARCs) he proposed complete pass through of Income Tax to securitization trusts including trusts of ARCs.  Securitization Trusts will be liable to deduct tax at source.  Period for getting benefit of long term Capital Gain regime in case of unlisted companies will be reduced from 3 to 2 years.  Non-banking financial companies shall be eligible for deduction to the extent of 5% of its income in respect of provision for bad and doubtful debts.  Shri Jaitley said that determination of residency of foreign company on the basis of place of effective management (POEM) will be deferred by one year and reiterated commitment to implement General Anti Avoidance Rules (GAARs). He further proposed exemption of Service Tax on services provided under Deen Dayal Upadhyay Gramin Kaushalya Yojana and services provided by assessing bodies empanelled by Ministry of Skill Development and Entrepreneurship.  He also announced exemption of Service Tax on general insurance services provided under Niramaya Health Insurance Scheme launched by National Trust for the Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disability.   Shri Jaitley also announced reduction of basic custom and excise duty on refrigerated containers to 5% and 6% respectively.

To promote Make in India campaign of the Government Shri Arun Jaitley proposed changes in Customs and Excise Duty rates on certain inputs to reduce costs and improve competitiveness of domestic industry in sectors like Information Technology Hardware,

Capital Goods, Defence Production, Textiles, Mineral Fuels and Mineral Oils, Chemicals and Petrochemicals, Paper, Paperboard and Newsprint, Maintenance Repair and Overhauling (MRO) of aircraft and ship repair.

Announcing measures for pensioners Shri Arun Jaitley said that withdrawal up to 40% of the corpus at the time of retirement will be tax exempt in the case of National Pension Scheme (NPS).  Annuity Fund which goes to legal heir will not be taxable.  In case of superannuation funds and recognized provident funds, including EPF, the same norm of 40% of corpus to be tax free will apply in respect  of corpus created out of contributions made on or from 1st April 2016.  Shri Jaitley also proposed limit for contribution of employer in recognized provident and superannuation fund of Rs.1.5 lakh per annum for taking tax benefit.  Exemption from Service Tax for annuity services provided by NPS and services provided by EPFO to employees will be given. He also announced reduction of Service Tax on single premium annuity (Insurance Policies) from 3.5% to 1.4% of the premium paid in certain cases.

To address the housing needs of all and more specifically the poor, in a time-bound manner, Shri Arun Jaitley announced 100% deduction for profits to an undertaking in housing project for flats up to 30 sq mtrs. in four metro cities and 60 sq. mtrs. in other cities, approved during June 2016 to March 2019 and completed in three years.  However, Minimum Alternate Tax (MAT) will be applicable.  The Finance Minister announced deduction for additional interests of Rs.50,000 per annum for loans up to Rs.35 lakh sanctioned in 2016-17 for first time home buyers, where house costs does not exceed Rs.50 lakh.  He also proposed that distribution made out of income of SPV to the REITs and INVITs having specified shareholding will not be subjected to Dividend Distribution Tax (DDT), in respect of dividend distributed after the specified date.   Shri Jaitley also proposed to exempt Service Tax on construction of affordable housing up to 60 sq. mtrs. under any scheme of the Central or State Government including  PPP Schemes. He also proposed Excise Duty exemption presently available to concrete mix manufactured at site for use in construction work to ready-mix concrete.

 Announcing resource mobilization measures for agriculture, rural economy and clean environment Shri Jaitley said that additional tax @ 10% of gross amount of dividend will be payable by the recipients receiving dividends in excess of Rs.10 lakh per annum.  Surcharge will be raised from 12% to 15% on persons, other than companies, firms and cooperative societies having income above Rs.1 Crore, he said.  Shri Jaitley said that tax will be deducted at source @ 1% on purchase of luxury cars exceeding value of Rs.10 lakh and purchase of goods and services in cash exceeding Rs.2 lakh.  He proposed to increase security transaction tax in case of ‘Options’ from 0.017 to 0.05 per cent.  Equalization levy of 6% of gross amount for payment made to non-residents exceeding Rs.1 lakh a year in case of B2B transactions was also proposed.  He further proposed Krishi Kalyan Cess @ 0.5% on all taxable services w.e.f. 1st June 2016.  Proceeds from this would be exclusively used for financing initiatives for improvement of agriculture and welfare of farmers, he said.

 Expressing concern over pollution and traffic situation in Indian cities, Shri Jaitley proposed an Infrastructure Cess of 1% of small petrol, LPG, CNG cars; 2.5% on Diesel Cars of certain capacity and 4% on other higher engine capacity vehicles and SUVs.  No credit of this Cess will be available nor credit of any other tax or duty be utilized for paying the Cess, he said.  Shri Jaitley also proposed levy of Excise Duty of ‘1% without input tax credit or 12.5% with input tax credit’ on articles of jewellery (excluding silver jewellery, other than studded with diamonds and some other precious stones), with a higher exemption and eligibility limits of Rs.6 Crore and 12 Crore respectively.  The Finance Minister further proposed to raise Excise Duty on ready-made garments with retail price of Rs.1,000 or more to 2% without input tax credit or 12.5% with input tax credit.  He also proposed to increase Clean Environment Cess on coal, lignite and peat from Rs.200 per tonne to Rs.400 per tonne.   Excise Duty on various tobacco products other than bidi was also proposed to be raised by about 10 to 15%.  Proposing amendment to Finance Act 1994 he said that assignment of right to use the spectrum and its subsequent transfers will be a service leviable to Service Tax and not sale of intangible tax.

 Highlighting Government’s priority towards a lower tax regime with non-litigious approach the Finance Minister desired to give an opportunity to the earlier non-compliant to move to the category of compliant. He reiterated government’s commitment to provide a stable and predictable taxation regime and reduce black money.  Shri Arun Jaitley announced that domestic tax payers can declare undisclosed income or such income represented in the form of any asset by paying tax at 30%, and surcharge at 7.5% and penalty at 7.5%, which is a total of 45% of the undisclosed income.  Such declarants will have immunity from prosecution.  He said that Surcharge levied at 7.5% of undisclosed income will be called Krishi Kalyan Surcharge to be used for agriculture and rural economy.  Announcing New Dispute Resolution Scheme he said that no penalty will be charged in respect of cases with disputed tax up to Rs.10 lakh.  Cases with disputed tax exceeding Rs.10 lakh will be subjected to 25% of the minimum of the imposable penalty.  Any pending appeal against a penalty order can also be settled by paying 25% of the minimum of the imposable penalty and tax interest on quantum addition, he said.  Shri Jaitley announced a High Level Committee chaired by Revenue Secretary to oversee fresh cases where Assessing Officer applied the retrospective amendment.   In case of mis-reporting of facts, the Finance Minister proposed penalty rates of 200% of tax and 50% penalty in case of under-reporting of income.   He said this allowance will be limited to 1% of the average monthly value of investments yielding exempt income, but not exceeding the actual expenditure claimed under Rule –AD of Section -14A of Income Tax Act.  There will be a time limit of one year for disposing petitions of the tax-payers seeking waiver of interest and penalty.  It will be mandatory for the Assessing Officer to grant stay of demand once the assessee pays 15% of the disputed demand while the appeal is pending before Commissioner of Income Tax (Appeals).  Shri Jaitley said that the monetary limit for deciding an appeal by a single member Bench of ITAT will be enhanced from Rs.15 lakh to Rs.50 lakh.  He also announced creation of 11 new Benches of Customs, Excise and Service Tax, Appellate Tribunal (CESTAT) to remove backlog of cases.

Stressing on simplification and rationalization of taxation the Finance Minister said that 13 cesses, levied by various Ministries in which revenue collection is less than Rs.50 Crore, will be abolished.  For non residents providing alternative documents to PAN Card will be allowed and TDS provisions for Income Tax will be rationalized.  Facility for revision of return will also be extended to Central Excise Assesses.  With respect to non-taxable services for reversal of input tax credits, additional options to banking companies and financial institutions, including NBFCs will be provided.  Exporters and importers with proven track record will be extended the facility for deferred payment of customs duties. At major ports and airports starting from next financial year customs single window project will be implemented.  Shri Jaitley also announced increase in free baggage allowance for international passengers.  Filing of baggage declaration will be required only for those carrying dutiable goods.

 Emphasizing use of technology in taxation department in a big way to make life simpler for a law-abiding citizen.  Shri Arun Jaitley announced expansion in the scope of e-Assessment to all assesses in seven mega cities in the coming years.  Interest @ 9% per annum against normal rate of 6% per annum for delay in giving effect to Appellate Order beyond 90 days will be chargeable.  To reduce compliance cost especially for small tax payers ‘e-Sahyog’ will be expanded, he said.  Shri Jaitley said that direct tax proposals would result in revenue loss of Rs.1060 Crore and indirect proposals are expected to yield Rs.20670 Crore which means a revenue gain of Rs.19610 Crore.  The Finance Minister said that government have a desire to provide socio-economic security to every Indian, especially the farmers, the poor and the vulnerable; a dream to see a more prosperous India; and a vision to ‘Transform India’.


Stay connected with us via Facebook, Google+ or Email Subscription.

Subscribe to Central Government Employee News & Tools by Email [Click Here]
Follow us: Twitter [click here] | Facebook [click here] Google+ [click here]



100 percent da,19,10th Bipartite Settlement,54,6 CPC Order,11,7th CPC Bunching of Stages,15,7th CPC Charter of Demands,101,7th cpc interim report,12,7th CPC Meeting,149,7th CPC Notification,202,7th CPC Projected Pay,200,7th CPC Questionnaire,16,7th CPC Recommendation,616,7th CPC Report,132,7th CPC Terms of Reference,41,8th Pay Commission,1,Aadhar,14,Absorption,47,Ad-hoc Bonus,31,Additional Allowance,4,Additional Pension,7,Additional Post Allowance,2,Administrative Reforms,17,Advance Increment,5,Adventure Sports,9,Age Relaxation,18,AGIF,5,AIIMS,13,Air Travel,75,AIRF memorandum to 7th CPC,4,Airport Employees,7,All India Service,74,Allowances,410,Alteration of Date of Birth,8,Annual Allowance,1,Antarctica Allowance,1,Anubhav,15,APAR,53,Area Welfare Officer,5,Armed Forces Tribunal,20,Army Welfare Fund,8,Artisan Staff,12,Ashok Kumar Mathur,9,Atal Pension Yojna,12,Autonomous Bodies,73,awards,15,Bank,184,Bariatric Surgery,2,Benevolent Fund,3,bhavishya,15,Bhutan Compensatory Allowance,7,Bio-metric Attendance,38,Bonus,146,Bonus Order 2014,9,Bonus Order 2015,13,Bonus Order 2016,7,Bonus Order 2017,10,Bonus Order 2018,12,Breakdown Allowance,3,BRO,16,BSNL,86,BSNL IDA Pensioner,24,BSNLMRS,5,Budget 2014,12,budget 2015,22,Budget 2016,1,Budget 2017,22,Budget 2017-18,6,Budget 2018-19,3,cadre management,24,Cadre Restructuring,195,Cancer Treatment,8,Cantonment Board Employees,3,Cash Handling Allowance,5,cashless treatment,16,Casual Leave,7,CAT jurisdiction,1,CAT Order,67,CBDT Order,30,CBEC,13,CBEC CR,9,CBSE,22,CCS (CCA) Rules,60,CCS (Conduct) Rules,60,CCS (Joining Time) Rules,6,CCS (Leave) Rules,55,CCS (RP) Rules 2008,47,CCS (RP) Rules 2016,88,CEA,41,CEA Form,9,Central Administrative Tribunal,3,Central Government Employee Calendar,32,central government employee news,39,Central Pension Accounting Office,130,Central Secretariat Service,6,Central Universities,29,CG Counsel,2,cgda,136,CGEGIS,25,CGEGIS TABLE,16,CGEWHO,65,CGEWHO Noida,18,Cghs,455,CGHS Agartala,2,CGHS AHMEDABAD,6,CGHS AIZAWl,1,CGHS ALLAHABAD,5,cghs BENGALURU,4,cghs bhopal,7,CGHS BHUBANESWAR,3,CGHS CHANDIGARH,6,cghs CHENNAI,3,CGHS Clarification,83,cghs dehradun,4,Cghs Delhi,71,cghs empanelment,170,Cghs Gangtok,1,CGHS GUWAHATI,5,CGHS HOSPITAL LIST,29,CGHS HYDERABAD,7,Cghs Imphal,1,CGHS Indore,1,cghs jabalpur,5,cghs jaipur,7,cghs kanpur,5,Cghs Kohima,1,cghs kolkata,4,cghs lucknow,3,CGHS MEERUT,6,cghs mumbai,5,cghs nagpur,3,cghs patna,4,CGHS plastic cards,12,cghs pune,2,cghs ranchi,3,cghs rates,48,CGHS Refferal System,2,Cghs Shillong,1,cghs trivendrum,5,CGWB,3,Charge Allowance,2,Child Care Leave,36,Children Education Allowance,44,CIP(IW),2,Citizen Charter,2,Civil Accounts Organisation,50,Civil Services Examination,17,cleanliness pledge,2,cmss,1,Coal Pilot Allowance,3,Collection of Order,1,Commercial Duty Allowance,3,Commercial Employment after Retirement,12,Commutation of Pension,34,commuted Leave,7,Compassionate Allowance,3,compassionate appointment,71,Compensation,1,Compensatory allowance,4,Compensatory Leave,4,Composition of 7th CPC,9,Compulsory Retirement,15,computer advance,4,computer help,7,Concordance Tables,15,Condiment Allowance,4,Confederation 7th cpc memorandum,4,confirmation,4,Constant Attendant Allowance,15,Construction-Survey Allowance,1,Consumer Price Index,11,Contingent Employee,13,Contract Labour,128,Conveyance Allowance,6,Court Order,110,CPAY,1,CPF Pensioner,28,CPGRAMS,9,CPMA,4,CPMF,102,CPSE,158,cpse ida,59,CS(MA) Rules,73,cscs,10,CSD,41,CSS,42,CSSS,14,cvc,63,Cycle Maintenance Allowance,5,DA from 01-07-2011,3,DA from Apr 2018,3,DA from Jan 2012,5,DA from Jan 2013,16,DA from Jan 2014,22,DA from Jan 2015,16,da from Jan 2016,10,DA from Jan 2017,7,DA from Jan 2018,15,da from Jul 2012,13,DA from Jul 2013,16,da from jul 2014,11,DA from Jul 2015,9,DA from Jul 2016,14,DA from Jul 2017,10,DA from Jul 2018,12,Daily Allowance,19,Daily Officiating Allowance,2,Damage Rate,1,DAPWA,1,Data Entry Operator,5,Database of Employees,2,date of next increment,58,DCMAF,4,DCRG,7,Dearness Allowance,177,Dearness Pay,3,Dearness Relief,96,Debt Recovery Tribunals,2,Defence Civilian Employees,131,Defence personnel,603,Dental Clinics,4,Department Canteen,21,Deputation,64,Desk Allowance,1,dgqa,2,Dictionary,3,Diem Allowance,1,Digital Signature Certificates,1,Direct Tax Code,2,Directorate of Estates,80,Disability Pension,69,Disciplinary Authority,27,DIT,9,Divorced Daughter,4,DNI falls Feb-Jun,8,Domiciliary Visit,3,doppw,4,DOPT,44,DoPT Order,462,Double HRA,9,Double Tpt Allowance,2,dpc,25,Draftsmen,4,DRDO,6,Dress Allowances,8,Dress Code,1,Dry Cell Allowance,1,e-awas,6,e-filing,31,E-Governance,14,e-HRMS,1,e-IPO,1,E-office,12,e-payment,24,E-Revision,20,e-samarth,2,Earned Leave,10,ECHS,105,ECI,1,EDLI 1995,5,edp allowance,1,EDP Cadre,12,Education,87,Ekta Diwas,2,Election,24,Eligibility of Teacher,20,email Policy,1,Emergency Leave,1,emergency treatment,9,Empanelment under CSMA Rules,23,Employee Pension Scheme,25,Employees Deposit Linked Scheme,1,Engineering Cadre,30,eNPS,7,Entertainment Allowance,1,Entry Pay on Promotion,33,EOL,1,EPFO,135,EPFS 1952,59,ERS,3,ESIC,25,eTDS return,15,EVC,5,ex-gratia,38,Ex-India Leave,5,Ex-Indian Coast Guards,1,EX-SERVICEMAN,666,Excel Tips,5,Exemption from Return Filing,11,Expected DA,81,Extension in Service,3,Extra Ordinary Leave,1,Extra Work Allowance,2,extraordinary pension,27,Facilitation Fee,1,Family Pension,247,Family Planning Allowance,8,FAQ,73,Festival Offer,10,Fin Min Order,163,Finance Act 2013,1,Financial year 2012-13,2,Firefighting Staff,2,Fitment Formula,77,fixed medical allowance,54,Flexible Complementing Scheme,3,Flying Training,2,Foreign Allowance,2,Foreign Visit,11,form 14,1,Form 16,3,Form 16A,2,Form 25,3,Form 26AS,2,Forms,78,Forwarding of Application,2,FR 15(a),2,FR 22,11,FR 26,2,FR 29,1,FR 35,1,FR 46B,1,FR 49,1,FR 56,19,Free Sea Passage,1,Freedom Fighter Pension,21,Fundamental Rules,4,Gallantry Award,5,GAMS,1,Gandhi Jayanti,10,GAR-23,1,GDS,90,General Pool,64,Geological Survey of India,4,GFR,37,Government Holiday Calendar,49,Govt accommodation,119,Govt Tour,54,gpf,57,Grade pay of SO,65,Grameen Bank,2,Grant-in-aid,2,Gratuity,42,Gratuity Limit for Income Tax,3,greetings,4,group A,119,Group D,76,Guest House,17,Half Pay Leave,2,Hard Area Allowance,12,Hard Station,2,Headquarter Allowance,2,health insurance scheme,17,hearing aid,3,Hierarchy,43,High Court Order,67,Higher Education,35,Hill Area Allowance,2,Hindi Incentive,6,Holiday Homes,39,Holiday Overtime,2,Honorarium,27,Hospitality,1,Hostel Facility in Universities,1,Hota Committee,1,House Rent Allowance,38,Housing Loan,12,HRA,35,IBA,27,ICAS Officers,1,Immediate Relief,1,Immovable Property Return,64,Implementation of 7th CPC,1058,incentive for higher qualifications,4,Incentive for NER,4,Incentive to Sportsperson,14,Income Tax Exemption Limit,118,INCOME TAX,293,Income tax calculation,17,Indemnity Bond,1,Independence Day,2,India Water Week,1,INDU,4,Industrial Trades,20,Injury Leave,3,Inquiry Officer,14,insurance scheme,10,Intelligence Agencies,3,Interest of EPF,23,Interest of GPF,19,interest rate,30,Interim Relief,60,Internet facility to officer,1,Internship,3,Invalid Pension,3,Investment,2,IPv6,2,IRCTC,40,IRTSA,27,Island Special Duty Allowance,1,IT Cadre Restructuring,30,IT Return,54,ITR,5,Jawahar Navodaya Vidyalaya,15,JCM,375,Jeevan Pramaan,53,Joining Time,6,Kashmir Valley Special Concession,7,KBC,2,kendriya bhandar,2,Kendriya Vidyalaya Sangathan,182,Kilometreage Allowance,2,Kisan Vikas Patra,4,KV Admission Guidelines,22,KV Uniform,7,KYC,1,Lab Technician,17,Labour Bureau,16,Labour Laws,23,lactating mother allowance,1,laptop-notebook-facility,6,LARGESS,8,Launch Campaign Allowance,1,LDC-UDC,81,LDCE/GDCE,38,Leave Encashment,16,leave management system,2,Leave Salary,1,Legal Fee,3,Librarian,2,LIC,2,Licence Fee,12,Lien,5,Life Certificate,64,List of Holidays for year 2012,2,List of Holidays for year 2013,8,List of Holidays for year 2014,10,List of Holidays for year 2015,17,List of Holidays for year 2016,11,List of Holidays for year 2017,3,List of Holidays for year 2018,5,List of holidays for year 2019,6,List of Posts,15,Liver Transplant Surgery,1,Liveries,1,loan advances,38,Loans and advances by Central Government,3,lodge complaints,5,Lok Sabha QA,42,lokpal,60,LTC,146,ltc to AN,12,LTC to JK,31,ltc to NE,24,LTC-80 Fare,30,MACP,213,Major Penalty,13,Married Accommodation Project,2,Maternity Leave,13,Medical Card,1,Medical Charges Reimbursement Bill Form,18,medical decategorization,2,Medical Examination of Group A Officers,4,Medical Professional,67,Memorandum to 7th cpc,82,merger of da,127,merger of grade pay,37,merger of post,18,Min HIPE,1,minimum wages,136,Ministerial Staff,34,Minor Penalty,8,Minority Community,1,Missing Family Member,7,Model School Organization,1,modified parity in pension,43,MOHALI HOUSING COLONY,3,Movable Property Return,52,MSP,3,MTNL,11,Multi Tasking Staff,27,NAC,118,national council meeting,14,National Holiday Allowance,6,National Level Monitors,1,National Mascot Design,1,National Pension System,128,NC JCM Memorandum to 7th CPC,31,NCH,1,NDG ESM Pensioner,1,new pension scheme,253,New Pension System,45,News,153,Newspaper Reimbursement,1,NFIR,3,NFSG,19,Night Duty Allowance,25,Nivaran,1,NLM,1,No Demand Certificate,1,Nomination Forms,6,Non-functional Upgradation,23,Notice for Pensioners,41,Notional Fixation,34,NPA,20,NSC,6,NSSF,3,Nursing Allowance,14,Nursing Institutions,6,Nursing Staff,10,nutritious dietary allowance,2,obc,39,office procedure,13,office space,5,Office Timing,51,Official Directory,1,Official Language Cadre,6,Official Secret Act,1,Officiating Pay,3,One Rank One Pension,367,Online Survey,1,Operation Theatre Allowance,1,ordnance factory,98,OROP Order,38,OTA,26,Out-turn Allowance,1,Outsourcing,9,Overpayment,7,PAC Recommendation,1,PAINTING,2,PAN,17,Paramilitary Allowance,3,Parangat,2,Parliament Assistant,1,Passport,19,Paternity Leave,3,Patient Care Allowance,16,pay,9,Pay Anomaly,73,Pay Fixation,258,Payroll,7,PCDA Order,131,PCO Allowance,2,Pension,726,Pension Adalat,23,Pension Disbursement,97,Pension Form,9,Pension Revision,326,Pensioner Grievances,70,Pensioner I-Card,13,Pensioner Portal,154,Pensioners associations,137,pensioners retired prior to 1.1.2006,165,Penury Grant,2,Permanently disabled children,22,person with disability,88,Personal Pay,5,Personal Staff to Minister,5,PF Scheme,3,PFRDA Bill 2011,25,pgportal,2,pharmacist,3,Physical Training Instructor,1,PIB,4,Piece work calculation,3,Piece work incentive,6,Piece Work Profit,2,Piece Work Rates,3,Piece Work System,3,Pilot Cadre,1,PLB,49,Pledge,7,PLR Scheme,1,Post Graduate Allowance,3,post office,218,PPF,16,PPF Scheme,10,PPO,73,Pragati,5,Pre-1996,7,Pre-2006,58,Pre-2016 Pensioners,110,pre-retirement counselling,19,Presenting Officer,1,Principal CAT,2,PRIS,22,probation,10,Professional Update Allowance,1,Project Allowance,1,Project Dantak Bhutan,3,Promotions,196,Provisional Pension,9,public grievances,8,Public Provident Fund,9,punctuality,1,Qualification Pay,4,qualifying service,41,Railway Concession Form,3,Railway Servants (Pass) Rules,26,Railways,1020,Railways Training Centre,7,Rajbhasha,38,Rajya Sabha QA,38,Rank Pay,23,Ration Money Allowance,8,RBI Circular,17,Re-employed ex-serviceman,59,Receipt Payment Rules,15,Recovery,15,Recruitment,193,Recruitment rules,179,Refreshment Rates,1,RELHS,15,Rent Free Accommodation Allowance,1,Reply to 7th CPC,12,requisition to SSC,3,Research Pay Matrix,1,reservation,150,Reservist Pension,1,residency period,4,Resignation,9,Rest Allowance,1,Restricted Leave,3,Retired Employee,52,Retired officers as Consultant,34,Retirement Adviser,1,retirement age,90,Retirement Road Map,71,review of records,2,revised pay rules,73,Right to Information Act 2012,4,Right to Information Act 2017,2,Right to Public Service Act,1,Risk Allowance,25,roster,2,Rotational Transfer Policy,15,Rounding Off,2,RTI,69,RTI Call Centre,4,rti online certificate course,2,Rule 10,1,Rule 16(3),1,running staff,41,Safai Karamcharies,1,Sainik School,3,Salary Disbursement,30,Sankalp,27,Sanskriti Schools,3,SAS Examination,7,Saving Bank Allowance,2,sc,29,scholarship Scheme,4,Schools,8,Scientific and Technical Posts,16,Scouts-Guides,4,SCOVA,67,Secretarial Assistance,1,Security Allowance,1,Self attestation,7,Self-certification,7,Senior Citizens,25,Seniority,17,Sensitive Posts,3,Service Book,15,Service Verification,6,Seventh Pay Commission,1951,Seventh Pay Commission Report,338,Sexual Harassment,27,Shramev Jayate,1,shunting duty allowance,2,Siachen Allowance,1,Sitting Fee Allowance,2,small saving scheme,57,social Media,18,Space Technology Allowance,1,Sparrow,8,Special Allowance,13,Special allowance for Child Care,2,Special Allowance for Safety Officer,1,Special Casual Leave,8,Special Disturbance Allowance,1,Special Duty Allowance,6,Special LC Gate Allowance,1,Special Pension,2,Special Train Controller Allowance,3,Split Duty Allowance,1,sports-person,39,SSC,12,st,26,Staff Benefit Fund,6,Staff Car Driver,6,Staff Selection Commission,1,Stagnation,7,State Govt Employees,2,Station Leave Permission,4,Stenographer,4,Stents,2,Stepping up of Pay,40,Stiching Charges,4,Stipend,12,Storekeeping Staff,5,Strike,239,Study Allowance,2,Study Leave,10,Substitute Employee,1,summer vacation,3,Sumptuary Allowance,5,Superannuation,11,Superannuation Charges,1,surplus employee,3,suspension,14,Swantah Sukhaya,2,Swavalamban,36,TA Rules,5,Tatkal Tickets,31,tax,2,Tax Free Bonds,1,TDS,38,TDS Rates,12,Technical Allowance,1,technical resignation,8,telephone facility,3,temporary employee,6,Tenure Allowance,4,Terms and condition,1,Territorial Army Allowance,1,Toll Free Number,1,Tough Location Allowance,5,Touring Officer Hostel,15,Trade Apprentices,13,Trade Union Act,1,train,128,Training Allowance,11,training policy,45,Transfer Policy,88,Transport Allowance,31,Travelling Allowance,72,tribal area allowance,4,Trip Allowance,2,Uniform Allowance,8,Unit Run Canteen,26,Upgradation of Post,58,UPSC,20,vacancies,29,Vacation Department,2,Veteran Commission,2,Veterinary Posts,2,Vigilance Clearance,13,Voluntary Retirement,26,Wages,19,Washing Allowance,13,whistle-blowers,7,Widowed Daughter,4,winter vacation,1,Women Employees,53,Work Related Illness Leave,2,Yoga,7,Youth Hostel,3,Zila Saink Board,6,वेतन आयोग,190,
Central Government Employee News and Tools: Income Tax in Budget: Tax Rebate u/s 87A increased, Deduction of Additional Interest of Rs.50,000 for First Home buyers
Income Tax in Budget: Tax Rebate u/s 87A increased, Deduction of Additional Interest of Rs.50,000 for First Home buyers
Tax Rebate u/s 87A increased, Deduction of Additional Interest of Rs.50,000 for First Home buyers. Limit of Deduction of Rent Increased from Rs.24,000 to Rs.60,000
Central Government Employee News and Tools
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy