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GRATUITY AND FAMILY 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...- Tata Motors rolls out VRS after union push; around 300 employees opt inTata Motors recently offered a voluntary retirement scheme to its employees. This initiative was a response to demands from worker unions. ...
- Maharashtra revised NPS scheme rule update: Rs 7,500 as minimum pension, family pension, gratuity, corpus, withdrawal conditions & moreMaharashtra's Revised NPS scheme offers assured pensions for state employees joining by December 2026. Those with 20 years' service get 50%...
- Release remaining 30 pc gratuity, leave encashment of ex-class-IV employees: HP govtThe Himachal Pradesh government has ordered the immediate release of the remaining 30 percent gratuity and leave encashment arrears for Cla...
- 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...
- 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...
- Consider govt employee's plea to include live-in partner in family pension: Delhi HC to CentreThe Delhi High Court has ordered the Centre to consider a retired government employee's plea. The plea seeks to include his live-in partner...
- 20 years of govt job doesn't guarantee pension: Legal heirs get gratuity but no family pension after a legal fight in SC due to this reasonThe Supreme Court has made a pivotal judgment regarding employee entitlements that has caught public attention. An employee of the governme...
- Double gain for UPS subscribers: Gratuity bonanza over and above lump-sum benefit for these government employees, here’s howCentral Government employees under the Unified Pension Scheme (UPS) now gain retirement and death gratuity benefits up to Rs 25 lakh, as pe...
- Big shift in retirement policy: Govt announces Old Pension Scheme-like benefits for UPS employees. Check new changes hereGood news for central government employees. Those under the Unified Pension Scheme will receive retirement and death gratuity benefits. Thi...
- Provident Fund, gratuity, leave encashment, pension commutation and all income tax benefits for retired employees released in a brochure by income tax deptThe Income Tax Department has come out with a brochure outlining tax benefits for retired employees in both the public and private sectors,...
- Pension, gratuity or earned leaves are hard-earned properties of employees, can't be taken away: HCChhattisgarh High Court has ruled against the state government. The court stated that the government cannot deduct pension or gratuity with...
- UPS: The perfect fusion of NPS and OPS? Here's what government saysThe Unified Pension Scheme (UPS) provides retirees with a fixed pension amount, ensuring a steady, predetermined income after retirement. C...
- Gratuity limit hiked to Rs 5 lakh for LIC agentsThe Indian government has approved welfare measures for over 1.3 million agents and 100,000 employees of state-run Life Insurance Corporati...
- LIC agents welfare measures: Govt increases gratuity limit, term insurance cover, sets uniform pension rateThe welfare measures include modifications to the LIC (Agents) Regulations, 2017, an increase in the gratuity limit, and a uniform rate of ...
- FinMin approves welfare measures for LIC agents, employeesThe Finance Ministry announced that it has approved several welfare measures for the agents and employees of the Life Insurance Corporation...
- What happens if pension, gratuity payment is delayed due to administrative reasons?If a Pension Payment Order (PPO) authorised pension is delayed due to administrative reasons or lapses, interest on arrears of pension, gra...
- How family pension, death gratuity will be calculated if govt employee dies during penalty periodIf disciplinary action has been taken against the government employee, then he/she would receive reduced pay for a specific time period. Ho...
- Govt issues notification announcing amendments in pension rulesNow, even with less than seven years of service, families, in case of death, will get enhanced family pension.
- Centre may offer pension benefits for the '04 batchThe government may extend benefits of gratuity, family pension and death gratuity.
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