No Proposal to Amend Income Tax Rates – Lok Sabha Q&A

No Proposal to Amend Income Tax Rates – Lok Sabha Q&A

Govt says No Proposal to Revise Income Tax Rates this year

GOVERNMENT OF INDIA 

MINISTRY OF FINANCE 

DEPARTMENT OF REVENUE

LOK SABHA

UNSTARRED QUESTION No. 1355 

TO BE ANSWERED ON FRIDAY, THE 22ND DECEMBER, 2017 

01, PAUSHA, 1939 (SAKA)

AMEND INCOME TAX RATES 

1355. SHRI DEVENDRA SINGH BHOLE:

Will the Minister of FINANCE be pleased to state:

(a) whether the Government proposes to amend the present rates of income tax so that more people may pay income tax;

(b) if so, the details thereof and the benefits likely to accrue to common man and the Government by this step; and

(c) if not, the reasons therefor?

ANSWER 

MINISTER OF STATE IN THE MINISTRY OF FINANCE 

(SHRI SHIV PRATAP SHUKLA)

(a) to (b) No Madam. Currently, there is no such proposal under consideration.

(c) The rates of income tax are prescribed through the Finance Act every year

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List of CGHS Covered Cities and their Website Links

List of CGHS Covered Cities and their Website Links

The Complete List of CGHS Covered Cities and their Website Links

Eligibility for joining CGHS and Facilities available under CGHS

Eligibility for joining CGHS

All Central Govt. employees drawing their salary from Central Civil Estimates and their dependant family members residing in CGHS covered areas.

Central Govt. Pensioners/family pensioners receiving pension from central civil estimates and their eligible dependent family members.

Facilities available under CGHS

OPD Treatment including issue of medicines.

Specialist Consultation at Polyclinic/Govt. Hospitals.

Indoor Treatment at Government and Empanelled Hospitals.

Investigations at Government and Empanelled Diagnostic centers.

Cashless facility available for treatment in empanelled hospitals and diagnostic centers for Pensioners and other identified beneficiaries.

Reimbursement of expenses for treatment availed in Govt. /Private Hospitals under emergency.

Reimbursement of expenses incurred for purchase of hearing aids, artificial limbs, appliances etc. as specified.

Family Welfare, Maternity and Child Health Services.

Medical consultation and dispensing of medicines in Ayurveda, Homeopathy, Unani and Siddha system of medicines (AYUSH)

More Details Click here

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Grant of Non-Productivity Linked Bonus (ad-hoc bonus) to Central Government Employees for the year 2016-17.

No.7/4/2014/E III (A)

Government of India

Ministry of Finance

Department of Expenditure

(E III-A Branch)

North Block, New Delhi

19th September 2017

OFFICE MEMORANDUM

Subject: Grant of Non-Productivity Linked Bonus (ad-hoc bonus) to Central Government Employees for the year 2016-17.

The undersigned is directed to convey the sanction of the President to the grant of Non-Productivity Linked Bonus (Ad-hoc Bonus) equivalent to 30 days emoluments for the accounting year 2016-17 to the Central Government employees in Group ‘C’ and all non-gazetted employees in Group B, who are not covered by any Productivity Linked Bonus Scheme. The calculation ceiling for payment of ad-hoc Bonus under these orders shall be monthly emoluments of Rs. 7000/-, as revised w.e.f 01/04/2014 vide OM No.7/4/2014-E.III(A), dated 29th August, 2016. The payment of ad-hoc Bonus under these orders will also be admissible to the eligible employees of Central Para Military Forces and Armed Forces. The orders will be deemed to be extended to the employees of Union Territory Administration which follow the Central Government pattern of emoluments and are not covered by any other bonus or ex-gratia scheme.

2. The benefit will be admissible subject to the following terms and conditions:-

(l) Only those employees who were in service as on 31.3.2017 and have rendered at least six months of continuous service during the year 2016-17 will be eligible for payment under these orders. Pro-rata payment will be admissible to the eligible employees for period of continuous service during the year from six months to a full year, the eligibility period being taken in terms of number of months of service (rounded off to the nearest number of months);

(ii) The quantum of Non-PLB (ad-hoc bonus) will be worked out on the basis of average emoluments/calculation ceiling whichever is lower. To calculate Non- PLB (Ad-hoc bonus) for one day, the average emoluments in a year will be divided by 30.4 (average number of days in a month). This will, thereafter, be multiplied by the number of days of bonus granted. To illustrate, taking the calculation ceiling of monthly emoluments of Rs. 7000 (where actual average emoluments exceed Rs. 7000), Non-PLB (Ad-hoc Bonus) for thirty days would work out to Rs. 7000×30/30.4=Rs.6907.89 (rounded off to Rs.6908/-).

(iii) The casual labour who have worked in offices following a 6 days week for at least 240 days for each year for 3 years or more (206 days in each year for 3 years or more in the case of offices observing 5 day week), will be eligible for this Non-PLB (Ad-hoc Bonus) Payment. The amount of Non-PLB (ad-hoc bonus) payable will be (Rs.1200×30/30.4 i,e.Rs.1184 21 (rounded off to Rs.1184/-). in cases where the actual emoluments fall below Rs.1200/- p.m., the amount will be calculated on actual monthly emoluments.

(iv) All payments under these orders will be rounded off to the nearest rupee.

(v) Various points regarding regulation of Ad-hoc I Non- PLB Bonus are given in the Annexure.

3. The expenditure on this account will be debitable to the respective Heads to which the pay and allowances of these employees are debited.

4. The expenditure to be incurred on account of Non-PLB (Ad-hoc Bonus) is to be met from within the sanctioned budget provision of concerned Ministries/Departments for the current year.

5. In so far as the persons serving in the Indian Audit and Accounts Department are concerned. these orders are issued in consultation with the Comptroller and Auditor General of India.

Sd/-

(Amar Nath Singh)

Director

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Grant of Dearness Allowance to Central Government Employees Revised Rates effective from 01.07.2017.

No.1/9/2017-E-II (B)

Government of India

Ministry of Finance

Department of Expenditure

New Delhi, the 20th September, 2017.

OFFICE MEMORANDUM

Subject: Grant of Dearness Allowance to Central Government Employees Revised Rates effective from 01.07.2017.

The undersigned is directed to refer to this Ministry’s Office Memorandum No. 1/3/2017-E.II(B) dated 30th March, 2017 on the subject mentioned above and to say that the President Is pleased to decide that the Dearness Allowance to Central Government employees shall be enhanced from the existing rate of 4% to 5% of the basic pay per month, with effect from 1st July, 2017.

2. The term ‘basic pay in the revised pay structure means the pay drawn in the prescribed Level in the Pay Matrix as per 7th CPC recommendations accepted by the Government, but does not include any other type of pay like special pay, etc.

3. The Dearness Allowance will continue to be a distinct element of remuneration and will not be treated as pay within the ambit of FR 9(21).

4. The payment on account of Dearness Allowance involving fractions of 50 paise and above may be rounded to the next higher rupee and the fractions of less than 50 paise may be ignored.

5. These orders shall also apply to the civilian employees paid from the Defence Services Estimates and the expenditure will be chargeable to the relevant Head of the Defence. Services Estimates. In respect of Armed Forces personnel and Railway employees, separate orders will be issued by the Ministry of Defence and Ministry of Railways, respectively.

6. In so far as the employees working in the Indian Audit and Accounts Department are concerned, these orders are issued in consultation with the Comptroller and Auditor General of India.

Sd/-

(Nirmala Dev)

Deputy Secretary to the Government of India

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Cabinet Approves Additional 1% Dearness Allowance / Dearness Relief due from 1st July, 2017

Cabinet Approves Additional 1% Dearness Allowance / Dearness Relief due from 1st July, 2017

Press Information Bureau 

Government of India

Cabinet

12-September-2017 16:58 IST

Cabinet approves release of additional 1% Dearness Allowance to Central Government employees and Dearness Relief to pensioners w.e.f. 01.07.2017 

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for release of additional 1% Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners. It will be applicable from 01.07.2017.

The release of the additional instalment of DA represents an increase of 1% over the existing rate of 4% of the Basic Pay/Pension, to compensate for price rise. This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.

The combined impact on the exchequer on account of both DA and DR would be Rs.3068.26 crore per annum and Rs.2045.50 crore in the financial year 2017-18 (for a period of 8 months from July, 2017 to February, 2018). This will benefit about 49.26 lakh Central Government employees and 61.17 lakh pensioners.

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15% DA for WB State Govt Employees w.e.f. 1.1.2018

15% DA for WB State Govt Employees w.e.f. 1.1.2018

15% Dearness Allowance for West Bengal State Government Employees w.e.f. 1.1.2018

The Chief Minister of West Bengal has announed today 15% of Dearness Allowance to State Government Employees and Pensioners from 1.1.2018.

Chief Minister also assured to make all efforts to clear remaining pending Dearness Allowance to State Employees and Pensioners within 2019 in the State Government Employees Federation meeting. The difference of DA percentage between Centre and State is 54%, now the percentage reduced and stands at 39%.

She said that extra 4500 crores will be needed to meet the expense of 15% Dearness Allowance. She also assured the hearing of pay commission to continue as usual.

Formal orders will be issued by the Finance Department soon!

Source: 90Paisa Blog

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List of Chennai CGHS Hospitals w.e.f. 17.4.2017

List of Chennai CGHS Hospitals w.e.f. 17.4.2017 Click here

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DA Orders for Central Government Employees w.e.f. 01.01.2017

No.1/3/2017-E-II(B)

Government of India

Ministry of Finance

Department of Expenditure

North Block, New Delhi

Dated the 30th March, 2017

Office Memorandum

Subject: Grant of Dearness Allowance to Central Government employees – Revised Rates effective from 1/1/2017

The undersigned is directed to refer to this Ministry’s Office Memorandum No.1/2/2016-E-II(B) dated 4th November, 2016 on the subject mentioned above and to say that the President is pleased to decide that the Dearness Allowance payable to Central Government employees shall be enhanced from the existing rate of 2% to 4% of the basic pay with effect from 1st January, 2017.

2. The term ‘basic pay’ in the revised pay structure means the pay drawn in the prescribed Level in the Pay Matrix as per 7th CPC recommendations accepted by the Government, but does not include any other type of pay like special pay, etc.

3. The Dearness Allowance will continue to be a distinct element of remuneration and will not be treated as pay within the ambit of FR 9(21).

4.The payment on account of Dearness Allowance involving fractions of 50 paise and above may be rounded to the next higher rupee and the fractions of less than 50 paise may be ignored.

5. The payment of arrears of Dearness Allowance shall not be made before the date of disbursement of salary of March, 2017.

6. These orders shall also apply to the civilian employees paid from the Defence Services Estimates and the expenditure will be chargeable to the relevant head of the Defence Services Estimates. In respect of Armed Forces personnel and Railway employees, separate orders will be issued by the Ministry of Defence and Ministry of Railways, respectively.

7.In so far as the employees working in the Indian Audit and Accounts Department are concerned, these orders are issued with the concurrence of the Comptroller and Auditor General of India.

Sd/-

(Nirmala Dev)

Deputy Secretary to the Government of India

Source: http://finmin.nic.in/

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Cabinet Approves Additional 2% Dearness Allowance / Dearness Relief due from January, 2017

Press Information Bureau 

Government of India

Cabinet

Cabinet Approves Additional 2% Dearness Allowance / Dearness Relief due from January, 2017 

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved release of an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.01.2017. It has increased by 2% over the existing rate of 2% of the Basic Pay/Pension, to compensate for price rise. 

This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission. 

The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs. 5,857.28 crore per annum and Rs.6,833.50 crore in the Financial Year 2017-18 (for a period of 14 months from January, 2017 to February, 2018). 

This will benefit about 48.85 lakh Central Government employees and 55.51 lakh pensioners. 

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AICPIN for the month January 2017

AICPIN for the month January 2017 

No. 5/1/2017- CPI

GOVERNMENT OF INDIA

MINISTRY OF LABOUR & EMPLOYMENT

LABOUR BUREAU

`CLEREMONT, SHIMLA-171004

DATED: 28th February, 2017

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) — January, 2017

The All-India CPI-IW for January, 2017 decreased by 1 point and stood at 274 (two hundred and seventy four). On 1-month percentage change, it decreased by (-) 0.36 per cent between December, 2016 and January, 2017, when compared between the same two months a year ago wherein it remained static.

The maximum downward pressure to the change in current index came from Food group contributing (-) 1.49 percentage points to the total change. At item level, Arhar Dal, Black Gram, Gram Dal, Masur Dal, Urd Dal, Moong Dal, Groundnut Oil, Onion, Brinjal, Cabbage, Carrot, Cauliflower, Palak, Peas, Potato, Tomato, etc. are responsible for the decrease in index. However, this decrease was checked by Rice, Wheat, Wheat Atta, Coconut Oil, Fish Fresh, Goat Meat, Poultry (Chicken), Milk, Lady’s Finger, Coconut, Apple, Sugar, Pan Finished, Petrol, etc., putting upward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 1.86 per cent for January, 2017 as compared to 2.23 per cent for the previous month and 5.91 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 0.34 per cent against 0.67 per cent of the previous month and 7.61 per cent during the corresponding month of the previous year.

At centre level, Rourkela reported the maximum decrease of 9 points followed by Kodarma and Raniganj (8 points each) and Labac-Silchar, Siliguri and Giridih (6 points each). Among others, 5 points decrease was observed in 3 centres, 4 points in 1 centre, 3 points in 11 centres, 2 points in 5 centres and 1 point in 17 centres. On the contrary, Ernakulam, Quilon and Srinagar recorded a maximum increase of 6 points each followed by Puducherry, Tiruchirapally, Himachal Pradesh and Goa (5 points each). Among others, 3 points increase was observed in 5 centres, 2 point in 6 centres and 1 point in 3 centres. Rest of the 14 centres’ indices remained stationary.

The indices of 33 centres are above All-India Index and other 42 centres’ indices are below national average. The indices of Jalandhar,Vishakhapathnam and Ludhiana centres remained at par with All-India Index.

The next issue of CPI-IW for the month of February, 2017 will be released on Friday, 31st March, 2017. The same will also be available on the office website www.labourbureaunew.gov.in.

Sd/-

(SHYAM SINGH NEGI)

DEPUTY DIRECTOR GENERAL

Source:http://labourbureaunew.gov.in/Press_Note_CPI_IW_Jan_2017_EH.pdf

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