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COMMUTATION OF PENSION
Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS & retirement tax benefitsThe "Nature of Employment" field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax benefits, incl...- Tax-free income in India: 8 types of income you don’t need to pay any tax onTax-free income: Unlock tax savings with these eight income sources exempt from income tax in India. From agricultural earnings and provide...
- ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...
- 8th Pay Commission latest news: Railway pensioners' body demands one rank one pension, inflation-linked pension revisionRetired railway employees are urging the 8th Pay Commission to implement one rank one pension. They also demand a revision of basic pay and...
- 8th Pay Commission latest news: J&K employee bodies seek fitment factor of 2.86–3.68, Rs 51,480 minimum basic payEmployee bodies from Jammu & Kashmir have urged the 8th Pay Commission to adopt a fitment factor between 2.86 and 3.68, which could raise t...
- Leave encashment tax rules for AY 2026-27: How much exemption salaried employees can claimITR Filing 2026-27: Salaried employees can claim tax exemption on leave encashment at retirement. While government employees enjoy full exe...
- Will appeal to govt for a nationwide gig workers' law, like those in Karnataka, Telangana: Uday Bhanu ChibThe Indian Youth Congress held a conclave for gig workers. They highlighted the challenges faced by millions of delivery workers. These wor...
- Bharat Taxi emerges as World's largest mobility cooperative with over 35 lakh users, 6 lakh driversBharat Taxi is revolutionizing mobility in Gujarat. Drivers now own the platform, receiving 100% of ride earnings. This driver-owned model ...
- 8th Pay Commission, OPS and rising court cases: 7 issues key central government employee body raised in its 49th annual meetThe 49th annual meeting of the NC-JCM, presided by Cabinet Secretary TV Somanathan, addressed key central government employee concerns. Dis...
- 8th Pay Commission demands for pensioners: One rank one pension, gratuity up to Rs 75 lakh; 10 things key employee body has demandedCentral government pensioners' rights are a key focus in the NC-JCM's 51-page memorandum for the 8th Pay Commission. Demands include a same...
- Got salary arrears after resigning? Use Form 39 to avoid higher tax in 2026–27Resigning from a job in FY 2025-26 and receiving salary arrears in FY 2026-27 can lead to a higher tax liability. To avoid this, taxpayers ...
- 8th Pay Commission update: NC-JCM seeks Rs 69,000 minimum basic pay, 3.83 fitment factor for employees, pensioners8th pay commission NC-JCM memorandum: A minimum pay of Rs 69,000, fitment factor of 3.83, annual increment of 6%, merging 18 employee level...
- Widow received DA on both regular and family pension but still challenged it in court; HC explains why claim failedA Chennai woman's claim for Dearness Allowance on her regular pension was dismissed by the Madras High Court. She believed she wasn't recei...
- No more partial treatment to pensioners when it comes to commutation of pension in the New Income Tax Bill, 2025Good news arrives for pensioners. The Lok Sabha Select Committee proposes fair tax treatment in the Direct Tax Bill, 2025. The bill address...
- Single pension application Form 6-A for central government employees: Submission of nomination for arrears, commutation of pensionPension for central government employees: The Department of Pension and Pensioners' Welfare introduced a new Single Pension Application For...
- Will EPS pensioners get an option to sell or commute a part of their pension for a lump sum?Commutation of pension is a facility where a pensioner can sell a part of pension and receive a lump sum amount. This facility is available...
- 7th Pay Commission: These central govt pensioners don't need to apply for additional payment after commutation7th Pay Commission: There have been several doubts regarding which pension central government employees are allowed to commute — pension au...
- 7th Pay Commission: Dearness Relief payment rule clarified for these pensionersEven in case of commutation, dearness relief entitlement will still be calculated on full pension, i.e., including the commuted portion of ...
- Now, full pension after 15 yrs of commutation post retirementThe move is expected to benefit 630,000 pensioners and substantially increase pensions for those members of the Employees Provident Fund Or...
- EPFO approves changes in Employees' Pension Scheme to restore commutation of pensionThe move would benefit the pensioners who had opted for commutation and got a lump-sum amount at the time of retirement before 2009.
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