Google

Income Tax Relief on Pay Commission Arrears

While every government employee find himself in dilemma to be happy or not. Sixth pay Commission stand implemented and they are pronounced to richer by 21%. But what is not announced is that a big chink of what employees will get is taken back in terms of Income Tax. Even the group C employees are bracketed in 30% slab due to arrears. What is more objectionable is the fact that while they will get only 40% of the due arrears in this financial year but they will have to pay tax on whole arrear rather then a part thereof. To do so, Income Tax Department is taking refuse in an earlier SC directive that empowers the govt to levy tax on due hike rather than actual payment. What this whole jargon implies to common employees is that they actually end up getting their arrears minus 30% of the total due arrears.

Now there is news as reported in Karmchari's Blog that employees may get option to stagger their arrear income into last three years instead of considering it income of one year only, it will help some to get the lower tax slab rather then higher one.  General feeling though is that government is giving by one hand and taking back by other.

Related Posts



1 comments

  1. Abid's Adsense Treasure Website Package  

    5:46 PM

    ===>> http://www.abid.in

    Here's your chance to make $40,000 per month with
    Adsense by being lazy.....


    Wanna Find out How I, By Being a Lazy Ass Make $40,000/Month
    (Yep, that's 40,000 USD) Every Month Like Clockwise From My Web.site.


    ===>> http://www.abid.in

    The Website Is.

    * Highly Optimized
    * Content Rich
    * Profit Pulling
    * Fully Automated

    Here's What You Get:

    A Huge Money Making Website
    Integrated with Adsense ads,
    dynamic feeds and over a thousand content pages.


    My Free Traffic Report
    Methods I use to get a lot of traffic, almost instantly.

    Free Email Tips
    You will get some EXTRA tips on promoting your new website by email.

    Setup and Hosting Help
    Even though you get full easy to follow setup instructions.
    If you still have trouble you can contact us
    we will set up and host your website for you.


    ===>> http://www.abid.in

    As an special offer, I am offering my complete Adsense Treasure System A fully automated website which makes you money while you sleep.

    Finally a tool for you to make some serious money.

    Get Your Copy Now... Click here

    ===>> http://www.abid.in

    Ready Made Website






    Shah Rukh Khan

    Bollywood

    ShahRukhKhan



    India's Online Shopping Mall

    Online Shopping Mall

    Buy Online


    Link Directory
    The Most Responsive FREE Safelist
    Make Money Online
    Master Resell Rights eBooks
    Bollywood Sargam