7TH PAY PANEL MOOTS 24% RISE IN PENSIONS
The seventh Pay Commission has recommended an increase in pay and allowances of 23.55% , a 24% Rise in PENSIONS and One-rank-One-Pension for central government employees and paramilitary personnel estimated to cost and extra Rs. 1.02 Lakh Crore to government in 2016-17 as reported in Times of India 20 Nov. 2015.
Whereas Senior Citizens who have retired from Private Sector and Unorganised Sector have been given reduction in their monthly income from Fixed Deposits in Banks and burdened with rising cost of daily use food items Tur Dal, Rice, Onions and Tomatoes etc.
Therefore it is high time that Central Government appoints a Commission for Senior Citizens, similar to Pay Commission for Ensuring that Small Savings Scheme and Bank Term Deposits rates are revised upward every year to keep pace with the rising cost of essential commodities required for sustenance. more
Whereas Senior Citizens who have retired from Private Sector and Unorganised Sector have been given reduction in their monthly income from Fixed Deposits in Banks and burdened with rising cost of daily use food items Tur Dal, Rice, Onions and Tomatoes etc.
Therefore it is high time that Central Government appoints a Commission for Senior Citizens, similar to Pay Commission for Ensuring that Small Savings Scheme and Bank Term Deposits rates are revised upward every year to keep pace with the rising cost of essential commodities required for sustenance. more
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..................................... NAV NIHAL SINGH would like to stay in touch on LinkedIn. NAV NIHAL SINGH KHAMESRA -- India View profile https://www.linkedin.com/comm/in/nav-nihal-singh-khamesra-61241445?trk=eml-guest-invite-pprofile-link-cta&trkEmail=eml-invite_guest-null-418-null-null-%7Ea62km3%7Ejhu2z0ud%7Edg-null-neptune%2Fprofile%7Evanity%2Eview&lipi=urn%3Ali%3Apage%3Aemail_invite_guest%3Bf3UmVz9OQi2Op9RgASzKJg%3D%3D Confirm that you know NAV NIHAL SINGH https://www.linkedin.com/comm/start/accept-invitation?sharedKey=RVVB8ymj&invitationId=6407815197884584017&trk=eml-guest-invite-cta&trkEmail=eml-invite_guest-null-416-null-null-%7Ea62km3%7Ejhu2z0ud%7Edg-ssuw-start%7Esignup%7Ewarm&lipi=urn%3Ali%3Apage%3Aemail_invite_guest%3Bf3UmVz9OQi2Op9RgASzKJg%3D%3D ..................................... Unsubscribe: https://www.linkedin.com/e/v2?e=-a62km3-jhu2z0ud-dg&t=lun&midToken=AQFmrFVhGEd36Q&ek=invite_guest&li=426&m=unsub&ts=unsub&loid=AQGCu9Umper1tgAAAWO0mj57nxDGQhBjL5KaqYWjy9Gx-25D8BtV4fLWHf3nkQ6SO95KiDf6t2iHhAszqMijRKiHrjTaJRCo82hk8gWvEw6j2c16_-9ugFHoKyt80wgvjUlzW-5TAJnoLRYaYNb4c3jlO-prTJY95w-09I9jDew&eid=-a62km3-jhu2z0ud-dg Help: https://www.linkedin.com/e/v2?e=-a62km3-jhu2z0ud-dg&lipi=urn%3Ali%3Apage%3Aemail_invite_guest%3Bf3UmVz9OQi2Op9RgASzKJg%3D%3D&a=customerServiceUrl&ek=invite_guest&li=425&m=footer&ts=help&articleId=67 You are receiving Invitation emails. LinkedIn will use your email address to make suggestions to our members in features like People You May Know. This email was sent to www.send_post_comment++iyiybbqsqsmqlk++mqlkbbvvaeae@localcirclesmail.com. © 2018 LinkedIn Ireland Unlimited Company, Wilton Plaza, Wilton Place, Dublin 2. LinkedIn is a registered business name of LinkedIn Ireland Unlimited Company. LinkedIn and the LinkedIn logo are registered trademarks of LinkedIn. more
May 31
 FUNDAMENTAL CHANGE IN  INCOME TAX  ,  WE CAN  LINK THE  INCOME  TAX  - WITH SOCIAL SECURITY , BY CREATING ONE  MORE CIRCLE , " VOLUNTARY SCHEME  "  . THE" VOLUNTARY SCHEME  " MEANIES  FOR - EXAMPLE TAX CALCULATED FOR  "A" IS RS  1 LAKE , HE MAY PAY EXTRA 25% MORE TO TAX ,  LIKE RS 1.25 LAKE AND HE MUST COVER UNDER " SOCIAL SECURITY  GROUP" AND IT COULD BE CONTINUE  TILL  "A" PAYS THE INCOME TAX AFTER THE AGE OF 60/65 YEARS OR IN ANY OTHER CASE OR NATURAL CALAMITY OR UNTOWARD INCIDENT HAPPEN LIKE DISABLED AND CAN NOT WORK ANY MORE IN THAT SITUATION THE ENTIRE CONTRIBUTION TO INCOME TAX WHAT HE PAID TILL THAT DATE THE GOVERNMENT SHOULD PAY THE " INTEREST" ON THAT TOTAL , AMOUNT AND THE INTEREST INCOME MUST BE TAX FREE FOR HIS SURVIVAL TILL LAST Regards, N S Khamesra(M) - 09820226483 From: Nakkeeran Singaravelu To: khamesra83@yahoo.com Sent: Sunday, 22 November 2015 9:20 PM Subject: Commented on a Post in [Tax, Investments and Retirement] more
Nov 22
FUNDAMENTAL CHANGE IN INCOME TAX , WE CAN LINK THE INCOME TAX - WITH SOCIAL SECURITY , BY CREATING ONE MORE CIRCLE , " VOLUNTARY SCHEME " . THE" VOLUNTARY SCHEME " MEANIES FOR - EXAMPLE TAX CALCULATED FOR "A" IS RS 1 LAKE , HE MAY PAY EXTRA 25% MORE TO TAX , LIKE RS 1.25 LAKE AND HE MUST COVER UNDER " SOCIAL SECURITY GROUP" AND IT COULD BE CONTINUE TILL "A" PAYS THE INCOME TAX AFTER THE AGE OF 60/65 YEARS OR IN ANY OTHER CASE OR NATURAL CALAMITY OR UNTOWARD INCIDENT HAPPEN LIKE DISABLED AND CAN NOT WORK ANY MORE IN THAT SITUATION THE ENTIRE CONTRIBUTION TO INCOME TAX WHAT HE PAID TILL THAT DATE THE GOVERNMENT SHOULD PAY THE " INTEREST" ON THAT TOTAL , AMOUNT AND THE INTEREST INCOME MUST BE TAX FREE FOR HIS SURVIVAL TILL LAST more
Nov 22
Mr swaminathan, may be . But it is after abolishing the Income Tax Only transaction tax. Some made calculation which is very huge (multiple times) compared to IT revenue more
Nov 22
Transactions need to be categorised as commercial/merchandise/non commercial, non merchandise. There may be some transactions within family accounts. Some transactions may be investments; loan repayments, gifts etc So which transactions are to be taxed? If alll such issues are settled then transaction tax would be very helpful and convenient. more
Nov 22
