Pension woes: Rajasthan government likely to revert to old plan In election year, the state is aiming to woo lakhs of government employees whose ballot could go a long way in deciding the assembly poll outcome. On the demand of the state government employees, the chief minister’s office (CMO) asked the finance department to consider implementation of the old pension scheme … [Read more...] about Pension woes: Rajasthan government likely to revert to old plan
Pensioners
Standard Deduction Applicable for Pensioners – Clarification
Standard Deduction Applicable for Pensioners – Clarification Ministry of Finance Clarification regarding applicability of standard deduction to pension received from the former employer The Central Board of Direct Taxes (CBDT) has clarified that the pension received by a taxpayer from his former employer is taxable under the head “Salaries”. The Finance Act, 2018 has … [Read more...] about Standard Deduction Applicable for Pensioners – Clarification
Current Pension rate of Contributory Provident Fund (CPF) pensioners
Current Pension rate of Contributory Provident Fund (CPF) pensioners The Central Government employees who are covered by CPF Rules (India) 1962 and who retired on or after 01.01.1986 are not entitled to any monthly pension/ex-gratia amount. However, the Government employees under CPF who retired between 18.11.1960 and 31.12.1985 are entitled to monthly ex-gratia amount of the … [Read more...] about Current Pension rate of Contributory Provident Fund (CPF) pensioners
Pensioner’s Portal at EPFO website
Pensioner’s Portal at EPFO website EPFO has launched the pensioner’s portal https://mis.epfindia.gov.in/PensionPaymentEnquiry. The pensioner’s portal is recently launched service, available at EPFO website by which all EPFO pensioners may get the details of pension related information like Pension payment order number, Pensioner’s Payment Order details, Pensioner’s passbook … [Read more...] about Pensioner’s Portal at EPFO website
Online Tracking System for Pension
Online Tracking System for Pension Department of Pension & Pensioners’ Welfare has implemented an online system called ‘BHAVISHYA’ for retiring central government civil employees. The system provides for on-line tracking of pension sanction and payment process. Tracking can be done by the individual as well as the administrative authorities for all actions preparatory to … [Read more...] about Online Tracking System for Pension
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