Easing the Process of Withdrawal and Utilization of PRAN in National Pension System and Atal Pension Yojana The Pension Fund Regulatory and Development Authority (PFRDA) has issued a circular to all stakeholders under the National Pension System … [Read more...] about PFRDA Issues Circular for Reinvestment and Reclaiming of PRAN Amounts for NPS/APY Subscribers
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PFRDA Reduces Turnaround Time for NPS Activities to T+2
Improved System Interfaces and IT Capabilities to Enhance Subscriber Experience and Benefits. The Pension Fund Regulatory and Development Authority (PFRDA) has issued a circular to all stakeholders under the National Pension System (NPS), … [Read more...] about PFRDA Reduces Turnaround Time for NPS Activities to T+2
Bank Holidays in 2023 on the Second and Fourth Saturdays.
Banks to be Closed on Second and Fourth Saturdays of the Month in 2023 In 2023, bank holidays will be observed on the second and fourth Saturdays of the month. This means that banks will be closed on the following dates: Also Check:- Bank … [Read more...] about Bank Holidays in 2023 on the Second and Fourth Saturdays.
Vacation in Kendriya Vidyalayas for Academic Year 2023-2024
Summer and Autumn/Winter Breaks in Kendriya Vidyalayas for Academic Year 2023-2024 The Kendriya Vidyalaya Sangathan (HQs), an autonomous body under the Ministry of Education in India, has released an office order for the summer and autumn/winter … [Read more...] about Vacation in Kendriya Vidyalayas for Academic Year 2023-2024
The Effect of the Maximum Pensionable Salary on the Employees Pension Scheme (EPS)
Pension under employees pension scheme The calculation of pensions for members of the Employees' Pension Scheme (EPS), 1995 is based on their pensionable service and salary, as specified in the EPS, 1995. For members who joined after September 1, … [Read more...] about The Effect of the Maximum Pensionable Salary on the Employees Pension Scheme (EPS)
EPFO Grants Improved Pension Opportunity to Pensioners
Opportunity to pensioners in EPFO The Employees' Provident Fund Organization (EPFO) in India has recently announced the opportunity for a portion of pensioners to apply for an increase in their pensions. This move is in accordance with a ruling … [Read more...] about EPFO Grants Improved Pension Opportunity to Pensioners
Standard Deduction for Tax calculation of Salaried Employees
Standard Deduction for Tax calculation of gross salary of the salaried employees In 2019, the Indian government raised the standard deduction for tax calculation on the gross salary of salaried employees from INR 40,000 to INR 50,000 as per the … [Read more...] about Standard Deduction for Tax calculation of Salaried Employees
Anomalies in the pay of Government Employees
Pay Anomalies of employees promoted pre-2016 and promoted post-2016 in view the provisions of CCS(RP) Rules, 2016 The Minister of State in the Ministry of Finance has responded to an Unstarred Question in the Rajya Sabha regarding pay anomalies … [Read more...] about Anomalies in the pay of Government Employees
Assurance Benefits payable to the beneficiaries of EDLI Scheme – Reminder
Admissibility of Assurance Benefits payable to the beneficiaries of EDLI Scheme-Reminder The Employees' Deposit Linked Insurance Scheme (EDLI) is an Indian government-run insurance plan for workers enrolled in the Employees' Provident Fund (EPF). … [Read more...] about Assurance Benefits payable to the beneficiaries of EDLI Scheme – Reminder
Ministry of Finance on Re-fixing of Pay of Employees
Re-fixation of pay of Employees The Department of Expenditure in the Ministry of Finance issued a memo clarifying the eligibility criteria for pay fixation of Central Government employees. Employees were given a one-month window to revise their … [Read more...] about Ministry of Finance on Re-fixing of Pay of Employees