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PF, gratuity, leave encashment, pension commutation and all income tax benefits for retired employees released in a brochure by income tax dept

The Income Tax Department has released a new brochure which mentions all the benefits under the Income Tax Act, 1961 which retired employees, both private and public sector, can avail. This brochure ...
Pensions Expert

Rexam reduces membership through commutation exercise

The Rexam Pension Plan has carried out a trivial commutation exercise, contributing towards a reduction in total membership as defined benefit schemes are trying to reduce costs. Trivial commutation ...

8th Pay Commission demands for pensioners: One rank one pension, gratuity up to Rs 75 lakh; 10 things key employee body has demanded

Central government pensioners' rights are a key focus in the NC-JCM's 51-page memorandum for the 8th Pay Commission. Demands ...
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8th Pay Commission: Uniform Fitment Factor, OROP, Higher Gratuity Among Key Demands For Pensioners

The staff side of NC-JCM has recommended reducing the pension commutation restoration period to 1112 years.

Salary arrears, pension or FNF increasing your income tax liability? Here's which form to use to reduce tax burden

The I-T department has replaced the old Form 10E with the new Form 39 for taxpayers to claim relief on salary arrears and ...