Due Date of Income Tax Return filing extended to 5th August

Due date of filing of Income Tax return has been extended to 5th August for the A.Y. 2017-18.
It is further notified that linkage of Aadhar No. with PAN can be done later but within 31st August, and unless it is linked with PAN, return will not be processed.
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File ITR by July 31, no extension proposed: I-T dept

Update on 31 st July : Due date extended. Click here for details
New Delhi, Jul 30 (PTI) The last date for filing of Income Tax Returns (ITRs) for the financial year 2016-17 will not be extended beyond tomorrow's deadline, a top official today said.

"The last date for filing of ITRs remains July 31. There are no plans to extend this deadline. The department has already received over 2 crore returns filed electronically.

Bank Bipartite : 3rd round of Talks with IBA on Wage revision held

The third round of bipartite talks, on wage revision for employees and officers, was held between Indian Banks' Association (IBA) and United Forum of Bank Unions in Mumbai recently where separate sub-committees have been formed to facilitate expeditious discussions on charter of demands put forth by the unions.

All India Bank Employees' Association (AIBEA) General Secretary Ch Venkatachalam said todaythat IBA was represented by Mr R K Thakkar, Chairman of the Negotiating Committee along with other members of their team and UFBU was represented by leaders of all constituents.

3rd Pay Commission: CPSE employees get 15% salary hike

Central Public Sector Enterprises (CPSE) employees will be getting a 15% hike in salaries after the Union Cabinet approved recommendations of the 3rd Pay Commission. 

A government official said that the Cabinet, led by Prime Minister Narendra Modi on Wednesday approved the recommendations made by 3rd Pay Commission for CPSEs and gave a 15% salary hike to employees. 

The salary increase will be effective from January 1, 2017 which means that employees are entitled to arrears for the past six months. 

PTI reported, "The previous commission had given a 37.2% rise in 2007 and the first commission had given between 24% and 30% increase."

This means that the 3rd Pay Commission's recommendations are the lowest so far. 

New Travelling Allowance : O.M. issued - more central officials can now fly on official tour

Dept. of expenditure issued O.M relating to revised travelling for central employees. Earlier Central Officers with earlier Grade Pay of Rs 5400 was entitled to travel by air in official tour.
 In the revised entitlement, Grade Pay of previous regime of Rs 4200/4600 and 4800 (New Level 6, 7 and 8) will also be allowed to travel by air for official tour or training.
Hotel charges kept same as earlier but the new thing is that upto   Level 8, no bill to be produced for reimbursement. The ceiling may be enhanced to Rs 1000 for X class cities with subject to submission of actual hotel bill.
Food charge has been increased and this will be given as lumpsum with submitting any voucher thereof.
 Click here for full details

Dept. of Expenditure issued HRA and Transport Allowances order for central employees wef 01.07.17

Consequent with the approval and subsequent Gazette Notification< Dept. of Expenditure, Ministry of Finance will come out with orders for implementation of different allowances with effect from 1st July 2017.
At the very beginning of the process, the payment of revised HRA and Transport Allowances order has been issued yesterday.
Click here for the O.M.for HRA
Click her for the order of Transport Allowance

7th Pay Commission : Revised allowance for central staff notified

Around 48 lakh central government employees will see their salaries for July rise as Ministry of Finance has notified the allowances under Seventh Central Pay Commission with 34 modifications. Around 34 lakh civilian employees and 14 lakh defence personnel will be receive their salaries with modified allowance rates.
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Madhya Pradesh extends pay commission benefit to employees

Now, like Central government employees, the Madhya Pradesh state government servants too have a big reason to smile as the Shivraj Singh Chouhan led state government has decided to implement the 7th Pay Commission recommendations. This move by the Madhya Pradesh government will benefit about 6.50 lakh state government employees. The decision was taken during a state Cabinet meeting, chaired by Chief Minister Shivraj Singh Chouhan on Monday evening. According to the MP government’s decision, the recommendations of the 7th Pay Commission are being implemented in the state with effect from January 1, 2016, an official from the public relation department of the state government said.

The arrears of 7th Pay Commission between the period of January 2016 to June 2017 would be paid in three installments in May every year, beginning from FY 2018-19. It is estimated that the payment of arrears would put a total extra burden of Rs 5,742-crore on the state government. According to an estimate, this decision would bring 14 per cent increase in the present salaries of the state government employees. The official said this would create an additional annual burden of Rs 3,828-crore on the states exchequer. For the remaining period of current financial year, there would be an additional burden of Rs 2,552-crore on the state government.

AICPIN for May 2017 and probable D.A. from 01.07.17

The official Press Release has been released by the Labour Bureau on its official portal, the index has increased by one point and stands at 278. Expected Dearness Allowance and Dearness Relief for Central Government Employees and Pensioners is almost decided to hike by 1 percent with effect from 1st July 2017. The total DA and DR from 1.7.2017 may be revised as 5%.
It may be finally calculated upon the release of index number of June'17 (to be released on 31.07.17) but the trend shows an increase of 1% only.