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Thursday, July 17, 2014

Benefit from the Income Tax sops announced by the Government..?

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Benefit from the Income Tax sops announced by the Government..?

In the 2014-15 Budget that was presented recently, it was announced that the income tax exemption slab will be being raised from Rs. 2 lakhs per annum to Rs. 2.5 lakhs.

On July 10, during the parliamentary session, while presenting  the budget for the year 2014-15, Finance Minister Arun Jaitley announced that the non-taxable income slab for individual tax payers has been raised from Rs. 2 lakhs to Rs. 2.5 lakhs. Also, the maximum tax exemption of Rs. 1 lakh Under Section 80C has been raised to Rs. 1.5 lakh. Interest deductions on home loan have been increased from Rs. 1.5 lakhs to Rs. 2 lakhs.

IRCTC Launches Berth Selection Option While Reserving Tickets

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IRCTC Launches Berth Selection Option While Reserving Tickets

IRTC now gives option to choose the berths and seats at the time of reserving tickets online.

Until now, private bus operators gave users the option to choose their berths and seats at the time of booking their tickets on the internet. From next month onwards, IRTC too is going to give the option to its users when they book their railway tickets online. IRTC has added this facility for the sake of senior citizens, families with children and for the sick and ailing passengers.

Granting of fixation benefit in cases of promotion from one post to another where the promotional post carries the same grade pay as the feeder post

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Granting of fixation benefit in cases of promotion from one post to another where the promotional post carries the same grade pay as the feeder post - IT Department

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
CENTRAL BOARD OF DIRECT TAXES
DIRECTORATE OF INCOME TAX
(HUMAN RESOURCE DEVELOPMENT)
ICADR Building, Plot No. 6, Vasant Kunj Institutional Area Phase-II
New Delhi— 110070. Ph. 26130592. Fax 26130594

F.NO.HRD/CM/MIsc/221/1/2013- 14/2727 
Dated the 16th July, 2014
OFFICE MEMORANDUM

The undersigned is directed to refer to this Directorate letter F.No I-IRD/CM/Misc /221/1/2012-13 dated 08.01.2013 circulating the Department of Exependiture’s Office Memorandum No.10/02/2011-E.III/A dated 07.01.2013 communicating the decision of the Government to grant fixation benefit in cases of promotion from onc post to another where the promotional post carries the same grade pay as the feeder post. It is stated in the above referred Office Memorandum that the fixation of pay in such cases shall be as per Rule 13(i) of the CCS (Revised Pay) Rules. 2008.


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