Disability pension for military will be exempt from tax only upto a limit
The COSC comprising the chiefs of the army, air force and navy sent recommendations to the defence ministry on disability pension. One of the recommendations was “that income tax exemption should be given on the disability part of pension upto a certain limit,” according to Lt Gen Ashwani Kumar, the army’s Adjutant General, who deals with the matter.
Overseas Citizens of India may now subscribe to National Pension System
The National Pension Scheme was first notified for all government emp...
Govt hikes dearness allowance by 5% for employees & pensioners
The hike will benefit 50 lakh central government employees and 65 lakh pension...
US plans to limit Chinese stocks in pension fund
The yen strengthened against the dollar, US stock futures went lower and bond yields extended declines.
Atal Pension Yojana has over 1.9 crore subscribers now: PFRDA
Out of the 36 lakh new APY accounts, 27.5 lakh were sourced by public sector banks, 5.5 lakh accounts by regional rural banks and around 3 lakh accounts by private sector and payment banks.
Does pension from EPFO qualify for standard deduction?
"The pension received from EPFO is taxable under the head salary and it will qualify for the standard deduction. "
EPFO members may get an option to draw pension after 60
The proposal to increase the superannuation age is expected to help a beneficiary grow his/her pension kitty.
Govt issues notification announcing amendments in pension rules
Now, even with less than seven years of service, families, in case of death, will get enhanced family pension.
PM to launch farmers pension scheme
Under the scheme, which was announced in the budget for 2019-20, a monthly pension of Rs 3,000 will be provided to small and marginal farmers in the age group of 18-40 years on attaining the age of 60.
EPFO approves changes in Employees' Pension Scheme to restore commutation of pension
The move would benefit the pensioners who had opted for commutation and got a lump-sum amount at the time of retirement before 2009.
Pension funds sink billions into a new world of risk
“Because of low interest rates, we have to cast our nets far and wide to search for returns.”
Got EPF account related problem? Here's how to file a complaint
If you have a grievance related to your PF account like withdrawal, transfer and so on, then EPFO has a dedicated website called 'EPF I Grievance Management System' where you can file such complaints. You can also file them if you do not have UAN.
J&K State Administrative Council approves 5 per cent DA hike for govt employees, pensioners
SAC accorded sanction to the release of additional installment of DA for govt employees and pensioners, representing an increase of five per cent over the existing rate of 12 per cent of the basic pay or pension.
Banks should pay 8% interest for delay in crediting pension, arrears: RBI
All agency banks disbursing pension are advised to provide considerate and sympathetic customer service to the pensioners, especially to those pensioners who are of old age.
Why unlocking defence land bank to meet military's needs isn't a bad idea
Can the money raised from auctioning this land not be used for the military’s benefit? Back-of-the-envelope calculations suggest that up to Rs 25,000 crore can be raised from this effort. This is a healthy corpus, which could be invested in secure financial instruments, if possible.
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