• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Home
  • Allowances
  • Expected DA
  • CSD
  • DOPT
  • Pensioners Issues

CENTRAL GOVT EMPLOYEES NEWS

Quick updates for CG Staff and CG Pensioners

  • Holiday Homes
  • Holidays
  • Railway Board Orders
  • TA DA Rules

LATEST CENTRAL GOVERNMENT EMPLYOEES NEWS
Central Govt Holidays 2023 | Dopt Orders on Holidays 2023
38% DA Order for Central Govt Employees wef 01.07.2022 - Finmin Orders 2022
Revised Rates of HRA 27%, 18% and 9% from 01.01.2021 - Finmin Orders 2021
Central Government Holiday List 2022

LATEST CENTRAL GOVERNMENT PENSIONERS NEWS
OROP-2 Pension Revision Table 1 to 121 for Defence Pensioners wef 1.7.2019
Revised Rate 38% DR Order for Central Government Pensioners and Family Pensioners from 1.7.2022
Annual Increment Due on 1st July to the Employees Retiring on 30th June
Notional Increment on the Day of Superannuation
FR 56(j) of CCS (Pension) Rules age of 50 years or on Completion of 30 years of Service
Coverage under CCS (Pension) Rules CG employees appointment before and after 01-01-2004

Tax exemption for withdrawals under the National Pension System (NPS)

October 16, 2014

Central Govt Holiday List 2023 PDF | Holiday Calendar 2023 India

PFRDA will soon approach Finance Ministry seeking tax exemption for withdrawals under the National Pension System (NPS),

Pension regulator to pitch for tax break on NPS withdrawals

Pension regulator PFRDA will soon approach Finance Ministry seeking tax exemption for withdrawals under the National Pension System (NPS), its Chairman Hemant G Contractor has said.

This will be the first time PFRDA – after getting statutory recognition in February 2014 – will seek a tax break for NPS.

The Finance Ministry will soon start the budget preparation exercise for Budget 2015-16, which will be the first comprehensive budget of the new Modi-Government.

Prior to the statutory recognition, the interim pension regulator had sought tax exemption on NPS withdrawals, but that tax break was not provided by the erstwhile UPA Government.

In his first interaction with mediapersons here on Wednesday, the new PFRDA Chairman, Contractor said there was need for some “fiscal” push from the Government to make NPS popular in the country.

A tax exemption on NPS withdrawals would address the “adequacy” aspect of retirement monies and ensure that taxes don’t eat into the retirement corpus of a subscriber.

Under the current income tax law, there is no tax incidence on contribution or accumulation phase, but tax would be levied at the withdrawal stage

A tax exemption on NPS withdrawals would level the playing field with products such as provident funds.

The direct taxes code proposed by the UPA regime had suggested that ‘Exempt-Exempt-Exempt’ regime be adopted for financial savings products like NPS.

Indications are that the new dispensation at the Centre will look to bring its own version of new income-tax law.

SWAVALAMBAN

PFRDA Chairman Contractor said the Swavalamban scheme has been made an integral part of the Pradhan Mantri Jan Dhan Yojana (PMJDY), the flagship financial programme of the Modi-led Government.

PFRDA has fixed a target of fifty five lakhs subscribers of Swavalamban under PMJDY.

This target of fifty five lakhs subscribers has been allocated to all the banks working as aggregators. Targets have also been allocated to other categories of aggregators.

Source: www.thehindubusinessline.com

No related posts.

ALLOWANCE NEWS

Revised Rate of DA from Jan 2023 at 37.2% to CPSE Employees for 2017 Pay Scales

Payment of DA from Jan 2023 at 201.2% to CPSE Employees for 2007 Pay Scales

408.4 Percent DA from Jan 2023 to CPSEs 1997 Pay Scales

Allowances Applicable to Central Government Employees – Dopt Order 2022

36% DR to Central Freedom Fighter Pensioners from 01-07-2022

GDS Latest News

Processing of Transfer Applications of GDS under Limited Transfer Facility through GDS Online Transfer Portal

November 29, 2022 By admin Leave a Comment

Processing of Transfer Applications of GDS – DoP

September 21, 2022 By admin 2 Comments

Review of the Scheme for Engagement of the Dependent of a Deceased GDS on Compassionate Grounds

June 7, 2022 By admin 1 Comment

34 Percent DA Order to GDS Employees wef 1.1.2022

April 12, 2022 By admin Leave a Comment

Revised GDS Online Engagement Process wef 4th Week of January 2022

January 24, 2022 By admin Leave a Comment

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar




Central Govt Employees News

7th CPC Pay Matrix Table for Central Government Employees
7th CPC Defence Pay Matrix Chart
7th Pay Commission Children Education Allowance
7th CPC House Rent Allowance
Bank Holiday List 2023 India
LIC Office Holiday List 2023
Central Government Holidays 2023 PDF
CGHS Holidays 2023
ESIC Holiday List 2023
Indian Customs Office Holiday List 2023
Tamil Nadu Government Holidays 2023 Order PDF
Central Government Employees Festival Advance
CGHS Hospital List 2023
DA Chart for CG Employees and Pensioners
DoPT Orders Circulars 2023
ECHS Empanelled Hospitals and Nursing Homes 2023
Freezing of Dearness Allowance and Dearness Relief
Holiday Homes List 2023
Indian Post Office Holiday List 2023
Indian Passport Office Holidays 2023
50 New Kendriya Vidyalaya in India
KV Summer Vacation 2022-23 | KVS Winter Vacation 2022-2023
Railway Board Orders 2023
Sainik School List in India 2023

DA LATEST NEWS 2022

Dearness Relief to Bank Pensioners for the period February 2023 to July 2023

DR to Pre 1986 Bank Retirees from February 2023 to July 2023

Bank DA Rate from Feb 2023 to April 2023 at 41.16% for Workmen and Officer Employees

AICPIN December 2022 | Expected DA from Jan 2023 Calculation Over

Revised Rate of DA from Jan 2023 at 37.2% to CPSE Employees for 2017 Pay Scales

FAQ on LTC Cash Voucher Scheme

LTC Cash Voucher Scheme Calculator
LTC Cash Voucher Scheme and Leave Encashment for Central Govt Employees
FAQ No 1 Special LTC Cash Package Scheme – 20.10.2020
FAQ No 2 Special LTC Cash Package Scheme – 10.11.2020
FAQ No 3 Special LTC Cash Package Scheme – 25.11.2020
FAQ No 4 Special LTC Cash Package Scheme – 10.03.2021
LTC Cash Voucher Scheme for Defence Armed Forces Personnel
Grant of 4 Times LTC Scheme Eligible for Fresh Recruits of Central Govt Servants




Recent Comments on KVS Admission 2022-23

  • admin on Linking of CGHS Beneficiary ID with the ABHA (Ayushman Bharat Health Account) ID
  • SGJOSHI on Linking of CGHS Beneficiary ID with the ABHA (Ayushman Bharat Health Account) ID
  • admin on AILTC of Current Block of 4 Years 2018-2021 Carry Over to the First Year of Next Block Availed within the Year 2022
  • Sanjay on AILTC of Current Block of 4 Years 2018-2021 Carry Over to the First Year of Next Block Availed within the Year 2022
  • admin on 7th CPC Annual Increment – Two Dates for Grant of Increment
  • Saurabh on 7th CPC Annual Increment – Two Dates for Grant of Increment
  • admin on Online booking of holiday home for central govt employees
  • SARWESHWAR SINGH on Online booking of holiday home for central govt employees
  • admin on AILTC of Current Block of 4 Years 2018-2021 Carry Over to the First Year of Next Block Availed within the Year 2022
  • Kiran on AILTC of Current Block of 4 Years 2018-2021 Carry Over to the First Year of Next Block Availed within the Year 2022

Copyright © 2023 - Central Govt Employees News - cgstaffportal.in - Log in