Pension schemes

Minimum Pension Of Rs 1000 is Not Enough For EPFO ​​Subscribers: Parliament's Committee

Pension Of Rs 1000 is Not Enough For EPFO ​​Subscribers: Parliament’s Committee

A pension of Rs 1,000 is not enough for the subscribers of Employees’ Provident Fund Organization (EPFO). It needs to be increased. A committee of Parliament on Tuesday said that giving Rs 1,000 as minimum monthly pension to subscribers under EPFO’s pension scheme is too low. In such a situation, it is necessary that the …

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CBDT AMENDS RULE 10DA AND RULE 10DB

CBDT amends Income Tax  rule 2DB & Form No. 10BBA [Notification No. 32/2021]

CBDT amends Income Tax  rule 2DB which relates to conditions to be satisfied by the pension fund for exemption under section 10(23FE) and substitutes/amends Form No. 10BBA – Application for notification under sub-clause (iv) of clause (c) of Explanation 1 to the clause (23FE) of section 10 of the Income-tax Act, 1961 (Pension Fund) MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT …

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