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GPF interest rate remains 8.7% for 2014-15

, by indianmilitaryveterans

Indian Military Veterans

GPF interest rate remains 8.7% for 2014-15

It is announced for general information that during the year 2014-2015, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8.7% (Eight point seven per cent) per annum. This rate will be in force during the financial year beginning on 1.4.2014. 

The funds concerned are:—
1. The General Provident Fund (Central Services).
2. The Contributory Provident Fund (India).
3. The All India Services Provident Fund.
4. The State Railway Provident Fund.
5. The General Provident Fund (Defence Services).
6. The Indian Ordnance Department Provident Fund.
7. The Indian Ordnance Factories Workmen’s Provident Fund.
8. The Indian Naval Dockyard Workmen’s Provident Fund.
9. The Defence Services Officers Provident Fund.
10. The Armed Forces Personnel Provident Fund.
View the Gazette Notification

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Govt deductors spared from late filing fees for delay in furnishing TDS statement

, by indianmilitaryveterans

Indian Military Veterans
Due-Date of Filing of TDS/TCS Statements for FY 2012-13 (2nd to 4th Quarter) and FY 2013-14 (1st to 3rd Quarter) Extended upto 31.03.2014 in the Case of Government Deductors
The Central Board of Direct Taxes (CBDT) had received several petitions from various deductors requesting waiver of fee levied u/s 234E of the Income-tax Act for delay in filing of TDS/TCS statements. It was stated that the delay was because of certain difficulties being faced by the Government deductors for reasons beyond their control. On a consideration of the difficulties being cited by the deductors, the CBDT has decided, as a one-time exception, to ex-post facto extend the due date of filing of TDS/TCS statements for FY 2012-13 (2nd to 4th Quarter) and FY 2013-14 (1st to 3rd Quarter) to 31.03.2014 in the case of Government deductors. This will have an effect of automatic waiver of the fee u/s 234E so levied. However, any fee already paid by a Government deductor shall not be refunded.

*****


DSM/ka
(Release ID :104513)

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Can the govt servants get 30% Salary hike on account of 50% DA Merger? - An analysis

, by indianmilitaryveterans

Indian Military Veterans
Can the govt servants get 30% Salary hike on account of 50% DA Merger? - An analysis

It is observed that recently Public Medias are interested to publish the news about pay hike of central government employees.

We all know the Federations of Central Government employees have been holding demonstrations and Struggles to invite the attention of govt to settle their many demands for the past few months. As a result of this Centre has accepted to settle some demands.

One of the main demands laid down before the Central Government by Federations is 50% DA Merger. A Sensational News was spread across the country that a decision on 50% DA merger will be announced in the Cabinet Meeting held last week. But, though there

was no any formal announcement in this regard, the approval of 7th CPC Terms of reference by Government made everyone to think that it will be considered sooner or later.

A Popular English daily published a tabloid news last week, in which The daily claimed that a govt official informed them ‘the govt servants will get 30% Pay Hike on account of Merger of 50% dearness Allowance with Basic Pay.’

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7th Central Pay Commission

, by indianmilitaryveterans

Indian Military Veterans

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GRANT OF ONE RANK ONE PENSION (OROP)

, by indianmilitaryveterans

Indian Military Veterans
20Feb 2014
Shri AK Antony
Hon’ble Raksha Mantri
Ministry of Defence
New Delhi-110011
GRANT OF ONE RANK ONE PENSION (OROP)
Dear Shri AK Antony,
1. The defence fraternity is thankful to the Govt especially you in person for accepting the Principle of OROP to all defence personnel on 17 Feb 2014 during the Vote-on-Account presentation in Parliament. This long justified demand which had been denied for four decades has finally been accepted. The credit for the same goes to the present Govt and the Chairman Chief of Staff Committee General Bikram Singh, who have jointly made it possible.
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CSD PRICE LIST

  • CSD-Price-List-for-Volkswagen-Cars---Post-GST-Rates