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Monday, January 20, 2014

Save Income Tax on the Contribution made by Government in pension fund of NPS Subscribers...

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Save Income Tax on the Contribution made by Government in pension fund of NPS Subscribers...

Save Income Tax on the Contribution made by Government in pension fund of NPS Subscriber, Refer 5.5.3 Deduction in respect of contribution to pension scheme of Central Government (Section 80CCD).

5.5.3 Deduction in respect of contribution to pension scheme of Central Government (Section 80CCD): 

Section 80CCD(1) allows an employee, being an individual employed by the Central Government or any other employer, on or after the 01.01.2004, a deduction of an amount paid or deposited out of his income chargeable to tax under a pension scheme as notified vide Notification F. N. 5/7/2003- ECB&PR dated 22.12.2003 or as may be notifed by the Central Government. However, the deduction shall not exceed an amount equal to 10% of his salary(includes Dearness Allowance but excludes all other allowance and perquisites). 

Authorisation of Earned Leave in respect of Industrial Employees (IEs) Of Ord. Fys and Ord. Equip. Fys.

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Authorisation of Earned Leave in respect of Industrial Employees (IEs) Of Ord. Fys and Ord. Equip. Fys.

PC of A (Fys) clarification letter No. Pay/Tech-II/1058, Dated 10.01.2014 regarding 30 days EL w.e.f. 20.07.1998 to be granted to Industry Employees (IEs) of OFB:

Office of the Principal Controller of Accounts ( Fys.)
1.0-A,S.K.Bose Road, Kolkata-700001 

No. Pay/Tech-II/1058 
Date: - 10/01/2014
To
All Cs of F&A(Fys.)/Br.AOs,

Sub:- Authorisation of Earned Leave in respect of Industrial Employees (IEs) Of Ord. Fys and Ord. Equip. Fys.

Ministry of Defence vide ID No.8/1R/08/D(Fy.II) dated 25.09.2013 has clarified that the Industrial Workers employed in Ordnance factories are entitled for 30 days Earned Leave (Annual Leave) with wages. With the issuance of the clarification the provisions contained in DOP&T OM dated 20-07-1998 has become equally applicable to Industrial Employees, opted to be governed under Factories Act for Earned Leave purpose by virtue of the provisions contained in Section 78 of the Factories Act, 1948. Further, on specific queries, the Ministry confirmed that the clarification should be given effect from 20-07-1998.

Strike Notice by UFBU on 20th and 21st January 2014 - Deferred

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Indian Bank Associations Circular: Strike Notice by UFBU on 20th and 21st January 2014 - Deferred

HR & Industrial Relations

No.CIR/HR&IR/Q/2013-14/8684
January 17, 2014

Chief Executives of Member Banks
which are parties to the Bipartite Settlement

Dear Sirs,

Strike Notice by UFBU on 20th and 21st January 2014 - Deferred

Please refer to our Circular No.CIR/HR&IR/Q/2013-14/8576 dated 3rd January 2014 regarding the strike call given by the United Forum of Bank Employees (UFBU) on 20th and 21st January 2014.  In accordance with the submission in conciliation meeting held on 13.1.2014, we had convened meeting with the Unions / Associations on date. On being satisfied with the further improvement in offer in wage hike by IBA, the UFBU has decided to defer the strike schedule on 20th & 21st January 2014. 

Wife has right to know husband’s salary: CIC

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Wife has right to know husband’s salary: CIC

New Delhi: Wives of government servants have a “right” to know salary particulars of their husbands and these details should also be made public by their offices as mandated under suo-moto disclosure clause of the RTI Act, the Central information Commission has held.

Information Commissioner M Sridhar Acharyulu said every spouse has a right to information about the salary particulars of the other especially for the purpose of maintenance.

“More so, wife has a right to know the salary particulars of the husband, who is an employee of the public authority,” he said.


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