Mobile Reviews

Finally there is good news for 5.5 million central government employees. This year the government will tax only 40 percent of arrears that one would be getting as per 6th Pay Commission recommendations.The Khabrein info. writes “Earlier there were reports that government had decided to tax the whole arrear despite the fact that only 40 percent of the arrears was being paid this year.

The news had shattered many a hopes of government employees, but now they are a bit optimistic that they may well at last be able to spend a part of their arrears amount they would be handed over as part of sixth pay commission recommendations.

The government had divided arrears in two installments with central government employees getting 40 percent amount of the arrears this year and the rest 60 percent next year.

Sources in the finance ministry say that the ministry may not deviate from the general practice where tax is charged only on an income from that year and not what he would get next year.”

READ MORE….

http://budhhi.com/talk/sixth-pay-commission-calculator.php - pay calculator

Related news-

For Pay Scales From Old 23 to 31 Pay ScalesFor Pay Scales From Old 12 to 22 Pay ScalesFor Pay Scales From Old 1 to 11 Pay Scales