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RETIREMENT PENSION AND GRATUITY
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...
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...
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...
‘Your parents had pensions. You probably won’t’: CA warns millennials and Gen Z about delaying investmentsYoung earners today face a stark reality. Unlike their parents, they likely won't have pensions. With longer life expectancies, saving for ...
8th Pay Commission latest update: Railway technical staff seek multiple fitment factors, higher HRA, pay fixRailway technical supervisors have put forward significant demands to the 8th Pay Commission. Key proposals include a Rs 52,000 minimum sal...
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. ...
8th Pay Commission fitment factor demand: Railway employee body demands multiple fitment factors; minimum pay of Rs 52,600The Indian Railways Technical Supervisors’ Association (IRTSA) has submitted a memorandum to the 8th Pay Commission demanding five distinct...
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%...
Tax-free allowances rise, so do employer costs: The salary structuring dilemma under the Social Security CodeEnhanced tax-free allowances under the Income-Tax Rules, 2026 can improve employees’ take-home pay. However, the expanded definition of “wa...
8th Pay Commission for central government teachers: Rs 50,000 minimum pay for Level 1 employee, up to 3.83 fitment factor; what employee body wants from 8th CPCThe employee body representing central government teachers from Union Territories is seeking significant pay hikes in their salaries in the...
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...
Latest gratuity rules for NPS subscribers: Central govt describes eligibility criteria for employee resigning from their jobCentral government employees under the National Pension System (NPS) now have clarified eligibility for gratuity and death gratuity. Gratui...
Pension, service gratuity rules for govt servants: Centre explains entitlement for employees facing compulsory retirementThe Department of Pension and Pensioners’ Welfare has clarified pension and service gratuity entitlements for government employees facing c...
Pension, gratuity withheld on caste misrepresentation charge, retired govt officer fights and wins case in Bombay High CourtA retired Central Excise officer has won a significant legal battle. The Bombay High Court has ordered the release of his pension and gratu...
Teacher arrested on ground of moral turpitude and compulsorily retired, will get pension and gratuity benefits for this reason, rules Jharkhand High CourtThe Jharkhand High Court has ruled that an employee facing criminal cases without conviction is entitled to pension and gratuity. A teacher...
25-year service, two year wait for gratuity, pension: Bombay High Court rules retired employee must get 10% interest for delayA retired teacher in Pune, denied her gratuity after 25 years of service, sought intervention from the Bombay High Court. The court, refere...
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...
EPFO directs field offices to settle pension on retirement day: Bandaru DattatreyaIn June 2014, the government had decided to give pension payment order to an employee on the day of retirement itself with the aim to ensur...