The Employees’ Provident Fund Organization, or better known as EPFO, has officially approved an interest rate of 8.25% on EPF balances for the financial year 2024-25. This is the same rate as for the year gone by; no decrease being implemented is indeed heartening for the subscribers. With the government signing off on the rate, … Read more
The Old Pension Scheme was a defined benefit plan for pensioning central government employees in India. Under OPS, retirees were duly paid a pension equal to 50% of the last pay drawn and received additional benefits such as dearness allowance (DA). It was a simple pay-as-you-go system where there were no contributions by employees currently … Read more
From a flight of fancy across the Internet waves, the South African government was said to be interested in raising the statutory retirement age for public servants from 65 to 67, with the proviso that it comes into force from September 2025. There is no scrap of solid information or official announcement in the public … Read more
The last date for filing Income Tax Returns (ITR) for the Financial Year 2024-25 (Assessment Year 2025-26) is 15 September 2025 for non-audit taxpayers. It includes salaried individuals, pensioners, and NRIs who are not required to get their accounts audited. This deadline was further extended from 31 July 2025 to 15 September, so that taxpayers … Read more
For this occasion, the Employees’ Provident Fund Organisation (EPFO) is now organizing a major Central Board-of-Trustees (CBT) meeting on 10-11 October 2025. Finalized reforms will surely be of direct benefit to the members. These reforms address banking facilities, upward pension amounts, and a changed timeline for the rollout of EPFO 3.0, which is a service … Read more
Gratuity is a widely acknowledged retirement benefit for such employees who have been working for a continuous service of at least five years in the same employment. The payment of gratuity, as per the Gratuity Payment Act, 1972, is made in respect of long and faithful service. Another good thing about gratuity is that it … Read more
It was the great hopes of the central government employees that the 8th Pay Commission would make itpossible for them to increase their salaries largely. One of the changes most anticipated was the revision of the fitment factor, which determines the increase in basic pay. Unfortunately, the latest reports indicate that the much-anticipated upward revision … Read more
8th Pay Commission News: वर्ष 2026 तक आठवे वेतन आयोग का गठन किया जा सकता है। कुछ मीडिया रिपोर्ट में बताया जा रहा है कि सरकार द्वारा 2026 के शुरुआत में कर्मचारियों के लिए आठवें वेतन आयोग का गठन किया जा सकता है। खबरों की माने तो वर्ष 2025 के जनवरी माह में सरकार ने … Read more
DA Hike 2025: भारत में बढ़ती महंगाई सभी की आजीविका पर असर डाल रही है। खास कर सरकारी कर्मचारी और पेंशन भोगियों के लिए यह एक बड़ी समस्या का कारण है। बता दे कि भारत में बढ़ती महंगाई कर्मचारी और पेंशन भोगियों की आजीविका पर असर डाल रही है। इसी बीच भारत सरकार द्वारा सरकारी … Read more
Old Pension Scheme: सरकार द्वारा सरकारी कर्मचारियों के लिए नई पेंशन योजना (NPS) हाल ही में लागू की गई है। लेकिन आज भी पेंशन कर्मियों को ओल्ड पेंशन योजना पसंद आती है। नई पेंशन योजना लागू होने से पहले सेवा निवृत कर्मचारियों को जीवन भर पेंशन प्राप्त होती थी। लेकिन सरकार द्वारा नई पेंशन योजना … Read more