What is the new pension policy for new entrants in central government job in India?
546348
Pension Reforms in India
427311
Government of India has been creating a lot of policies for the benefit of the people staying in rural India... certain levels of Tax benefits r also being given to them..\n\nin some states they have also gone ahead and written off loans given to poor farmers as losses in account books so that they dont have to repay back... \n\ngovernment is also creating a lot of policies in terms of giving certain fringe benefits for organisations creating labour/jobs in rural regions of India.. they are also being supported by development of infrastructure in terms of roads and rails... connecting all the cities to smaller villages and towns thus giving them access to other benefits which developed cities have...\n\nalso govt is taking care in terms of communication...
506201
It depends on the pension plan. Check with the Pension Benefit Guaranty Corporation; they do not deal with ALL pensions but they do deal with any pension that was insured.  They can help you with the options available for your particular pension. If the PBGC does not service your pension, then check with your company's Pension Benefits Administrator.
649322
quota policy sucks. Arjun singh is man with one leg in graveyard.This ministers send their own sons to foreign universities and tamper with Indian education. What does Arjun Singh know about hardwork for getting into to IIM & IIT.If he is so much hell bent on implementing constitution then he must also know that reservation was suppose to be time bound when it was first introoduced, but today it has becom a political gimmick. Arjun Singh is not Human resource Development minister[HRD] but Human Resource Demolisher{hrd} minister.God save us from him.
819533
No action taken so far. It was only a lip-level talk and no concrete action will be taken. Now Congress coalition government has crossed 50% of the tenure and they will be busy in forming alliance, collecting money and working for the next election. No one in the government has time even to think to bring down the prices, give minimum amenities and good to the common people. \nThe remote possibility of this dream is only if a majority government stays in power at least for 5 full terms. If it is a coalition government, Karunanidihi and Lallu will ask their share in terms of money first and Chidambaram will find means to increase the taxes by another 50% of the total taxes now collect.\n\nIt is better to put the proposal in the bin now-.
264475
There are no separate tax structure for pensioners but it is for senior citizens i.e. who has completed the age of 65 years during the previous year.\n\nThus for financial year 2005-2006, if you have completed 65 years before 31-3-2006, the tax rates will be as follows -\n\nTotal Income -\nUpto 1,85,000/-  :  Tax - Nil\nabove Rs.1,85,000/- but not exceeding Rs.2,50,000/-  :  Tax @ 20% of the income above Rs.1,85,000/-\nand \nabove Rs.2,50,000/-  :  Tax Rs.13,000/- plus Tax @ 30% of the income above Rs.2,50,000/-\n\nTo illustrate -\nif your total income is Rs.3,00,000/-\nTax will be Rs.28,000/- calculated as follows -\nOn First Rs.1,85,000/-     Nil\nOn Next Rs.65,000/- @20%   Rs.13,000/-\nOn Next Rs.50,000/- @30%   Rs.15,000/-\n\nFor more clarification visit http://www.meraconsultant.com or write to info@meraconsultant.com
838996
No income tax is applicable on all income up to Rs. 100,000 per year. (Rs. 135,000 for women and Rs. 185,000 for senior citizens) \nFrom 100,001 to 150,000 : 10% of amount greater than Rs. 100,000 (Lower limit Rs. 135,001 for women and n/a to senior citizens) \nFrom 150,001 to 250,000 : 20% of amount greater than Rs. 151,000 + Rs. 5,000 (For women: Rs. 1500) (For senior citizens, the lower limit is Rs. 185,000) \nAbove 250,000 : 30% of amount greater than Rs. 250,000 + Rs. 25,000 (Rs. 21,500 for women and Rs. 13,000 for senior citizens)
675935
lol No. For at least the last 50 years there haven't been any qualified govt and civic employees! They've all been inept and unqualified. All the qualified ones are running big companies and making more money.
125692
This is staff selection commission for employement opportunities in the central government department.
520409
Protecting defined benefit pensions when the rest of the world is converting to defined contribution (401-K).\n\nIt's also getting harder to defend "fat" staff levels when the business world is going lean to the extreme. Public sector is all about beurocracy and protecting jobs.
254210
Well the site given below gives a lot of details on exemptions.\n\nExemption of an Employee : (Employees' Provident Fund Scheme ,52 )\n\nSection 17 (2) read with para-27 of the Employees' Provident Fund Scheme provides for exemption from the operation of all or any of the provisions of the scheme to an individual employee. It is granted by the Regional Provident Fund Commissioner on the receipt of application in Form-1 from the employee. The exemption is granted where an employee is entitled to benefits in the nature of Provident Fund, gratuity or old age pension and such benefits separately or jointly are on the whole not less favourable than the benefits provided under the Act and Scheme.\n\nThe re-election is permitted only once on each account.
725974
the rate of tax depends upon the level of income\nit is the same all over india doesnt differ from state to state\n\n\nTaxable Annual Income Slab (In Rs.)  Tax Rate (In %)\n0 - 1,00,000                                                Nil\n1,00,001 - 1,50,000                                  10%\n1,50,001 - 2,50,000                                   20%\nMore than 2,50,001                                  30%\n\n\n\nFor Senior Citizen\nFor Year 2005-2006\nTaxable Annual Income Slab (In Rs.) Tax Rate (In %)\n0 - 1,85,000                                                  Nil\n1,85,001 - 2,50,000                                      20%\nMore than 2,50,001                                     30%\n\n\n    *  Surcharge @ 10% applicable if total income exceeds Rs. 8.5 lakh for A.Y. 2005-06 and Rs. 10 lakh for A.Y. 2006-07.\n    * There is a new section 80C according to which a person can get rebate upto Rs. 1,00,000 against insurance premium, PF contributions and other such schemes.\n    * In case of higher education there is a deduction in tax for a maximum period of 8 years.\n    * Marginal relief would be provided to ensure that the additional income tax payable including surcharge, on the excess of income over Rs. 10,00,000 (Rs. 8.5 lakh for A.Y. 2005-06) is limited to the amount by which the income is more than Rs. 10 lakh (Rs. 8.5 lakh for A.Y. 2005-06).\n    * Education cess @ 2% on tax plus surcharge.
1001571
A citizen of India who is of 35 years of age or above can be a candidate for the office of the President of India.
322794
Of course they should tell you what the decision is regardless of whether it is being randomly reviewed.\n\nIt sounds like pen-pushers gone mad!\n\nTalk to your locally-elected government representative and demand that the system change so that you can be told of the decision that has been made.\n\nIf you are applying for a disability pension, you have enough to deal with without that load of garbage being added to it!
608670
The present Income Tax Rates for Financial Year 2005-2006 ( A Y 2006-2007 ) are as follows -\n\nFor Individuals ( Women )\n\nIncome not exceeding Rs.1,35,000/-\n-- Nil\nIncome exceeding Rs.1,35,000/- but does not exceed Rs.1,50,000/-\n-- 10% of excess over Rs.1,35,000/-\nIncome exceeding Rs.1,50,000/- but does not exceed Rs.2,50,000/-\n-- Rs.1,500/- + 20% of excess over Rs.1,50,000/-\nIncome exceeding Rs.2,50,000/-\n-- Rs.21,500/- + 30% of excess over Rs.2,50,000/-\n\nIf Income exceed Rs.10,00,000/- Surcharge @10% of Income Tax\n\nEducation Cess @2% of Income Tax and Surcharge, if any\n\nFor Individuals ( Senior Ceitizan-Attains 65 years )\n\nIncome not exceeding Rs.1,80,000/-\n-- Nil\nIncome exceeding Rs.1,80,000/- but does not exceed Rs.2,50,000/-\n-- 20% of excess over Rs.1,80,000/-\nIncome exceeding Rs.2,50,000/-\n-- Rs.14,000/- + 30% of excess over Rs.2,50,000/-\n\nIf Income exceed Rs.10,00,000/- Surcharge @10% of Income Tax\n\nEducation Cess @2% of Income Tax and Surcharge, if any\n\nFor Individuals ( Others ) / HUF / AOP / BOI\n\nIncome not exceeding Rs.1,00,000/-\n-- Nil\nIncome exceeding Rs.1,00,000/- but does not exceed Rs.1,50,000/-\n-- 10% of excess over Rs.1,00,000/-\nIncome exceeding Rs.1,50,000/- but does not exceed Rs.2,50,000/-\n-- Rs.5,000/- + 20% of excess over Rs.1,50,000/-\nIncome exceeding Rs.2,50,000/-\n-- Rs.25,000/- + 30% of excess over Rs.2,50,000/-\n\nIf Income exceed Rs.10,00,000/- Surcharge @10% of Income Tax\n\nEducation Cess @2% of Income Tax and Surcharge, if any
1120624
You have made a valid point. But the welfare of old people is never in the mind of govt ever. It should be noted that giving the tax deduction to senior citizen means that govt is thinking about only those senior citizen who are either earning pension or some kind of interest whereas majority of senior citizens are poor people go were previously daily wage earner.\n               If govt really wants to do something about they should at least do medical insurance to all senior citizens for Rs 50000 /per annum so that any body having age , say 65 years , can approach a hospital in case of medical attention need.\n             This will increase the business of insurance companies and govt which every year spend without any benefit on different rojgar yojna will also be spending very less for a good cause.
1166803
In India, ministers are not elected. Elections with full adult franchise are held for constituencies delineated from among the districts. One member is chosen per constituency based on first past the post system. The leader of the party or coalition which has a simple majority in the house of representatives is invited to form the government. A cabinet of ministers chosen by him is appointed by the Governor or the President in the states and the centre respectively. The cabinet lives as long as it enjoys the majority in the house.