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Monday, November 24, 2014

Air India Domestic LTC Fare List - 3rd November 2014

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Air India Domestic Fare list updated with LTC Scheme – LTC Fare List Nov 2014

Journey by Air Travel while availing LTC, stipulating that the orders insisting to travel by Air India only.

Group ‘A’ and Group ‘B’ officers (Gazetted and Non-Gazetted) are entitled to travel by Air to NER on LTC. Other employees are entitled to travel by Air to NER from Guwahati or Kolkata airport only.

One more restriction of travel by Air India only need not apply to non-entitled employees who travel by air and claim LTC reimbursement by entitled class of rail.

Income Tax Exemption Slab Could be Raised Further: Finance Minister Arun Jaitley Informs

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Income Tax Exemption Slab Could be Raised Further: Finance Minister Arun Jaitley Informs

“I have no intention of burdening the salaried and middle classes by imposing heavy taxes on them. At the same time, I’m not going to let tax evaders get away. I’m going to bring them into the tax-payers circle,” Minister of Finance, Arun Jaitley said.

“Salaried middle class people are paying more in direct taxes. If you ask me, I’d suggest that their direct tax burden should be reduced and if you could ensure that they get their full salaries, they will spend more. You can thus collect the money from them through indirect taxes,” he said.

Whether 7th Pay Commission proposes to submit Interim Report?

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Is Interim Relief Likely for Central Government Employees?

Is it really possible for Central Government employees to get an interim relief this time? Let us look at it in detail.

‘Interim Relief’ may be defined as the temporary relief given to employees before the new Pay Commission’s recommendations are implemented. ‘Interim relief will be treated sui generis’, most of the Finance Ministry orders included the sentence when sanctioning interim relief.

If one looks at the interim relief granted in 1983 and 1993, it can also be inferred that interim relief is granted in order to correct the errors in salary revision once every ten years. One gets the feeling as if an entire Pay Commission was lost simply for the sake of a small hike.


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