• DOPT
  • 7th CPC
  • LTC
  • Aadhar
  • AICPIN
  • Bank employees
  • CCS Rules
  • CSD
  • DA
  • JCM

CENTRAL GOVERNMENT EMPLOYEES NEWS

CG Staff News, Central Govt Employees News, Expected DA, Dopt Ordres, 7th Pay Commission News, Retirement Age

  • Home
  • 7thCPC
  • OROP
  • DOPT orders
  • 7th CPC PayScales
  • LTC
  • CGHS
  • Holidays
  • RETIREMENT AGE

Central Government Employees and the Union Budget 2016…

March 3, 2016 By admin

Central Government Employees and the Union Budget 2016…

While presenting the Union Budget 2016 in the Parliament House on the 29th of February 2016, the Finance Minister has stated that this Budget deals with the reality of India and focuses mainly on agriculture, rural infra structure, etc.

But it was very disheartening to see the Minister was not at all bothered about the Central Government Employees, the working middle class and their difficulties in day today life. The government employees eagerly expected changes in the Income Tax Slabs by increasing the Income Tax limit. But that did not happen. The minister has announced that people with an income less than 5 lakhs, to get a deduction of Rs. 5000/- up from Rs.2000/- last year. This totals to Rs.5000/-.  HRA deduction to be increased from 24000/- to Rs.60,000/-. These are the important benefits announced by the minister for the middle class.

There was no specified description or allotment of money towards implementation of 7th Pay Commission.

The Finance Minister was of the opinion that the tax payers net should be widened but it was seen that successive governments have kept their first option to squeeze money from the honestly taxpaying government employees by imposing different types of taxes. The salaried middle class has consistently borne the brunt of direct taxation in India.


In addition to that, Employees Provident Fund subscribers are to pay tax when withdrawing Rs.60000/- from their account. The rage over the new tax on withdrawal from EPF is because the government is seen to be attempting to steal the hard-earned savings of salaried private sector employees. The proposal to tax the EPF amount should be rolled back by the finance minister.

In India, Budget proposals are only implemented after long debates and discussions. The government should hear from all sources before implementing it.

Let us see what happens…

 

Related Posts:

  • Confederation – Mass Dharna in Front of Finance Minister’s Office on 23.5.2017…
  • 7th CPC – Union Cabinet may decide on the recommendations of the 7th Pay Commission on Wednesday, the 29th of June 2016…
  • 7th CPC – Allocation of Rs. 70,000 crore for the implementation of 7th Pay Commission…
  • General Budget 2016 – Union Government to Allocate 1.10 lakh crore for the Implementation of 7th CPC and OROP…
  • Holidays to be observed in Central Government Offices during the year 2018…




Recent Entries

Holidays to be observed in Central Government Offices during the year 2018…

October 22, 2017

Website for Gallantry Awardees since Independence Launched…

August 15, 2017

Prime Minister addresses nation from the ramparts of the Red Fort on 71st Independence Day…

August 15, 2017

7th CPC – Transport Allowance issue settled for Pay Matrix Level 1 and 2….

August 15, 2017

Centre To Cut 25 Percent Govt Jobs…

August 13, 2017

NFIR – MACPS anomaly as a result of implementation of 7th CPC Pay Matrix levels…

August 12, 2017

NFIR – Anomaly in 7th CPC Pay Matrix Levels…

August 12, 2017

Retired Government servants to be appointed on contractual basis in Government Departments…

August 11, 2017

7th Pay Commission: Bad news for central government employees, no minimum pay hike…

August 10, 2017

NCERT launches its Web Portal for supply of NCERT Textbooks…

August 10, 2017




list

holidays
aicpin M
union cabinet

nps2

highlights

Like us on Facebook

March 2016
M T W T F S S
« Feb   Apr »
 123456
78910111213
14151617181920
21222324252627
28293031  

Enter your email address:

Delivered by FeedBurner

Subscribe to CENTRAL GOVERNMENT EMPLOYEES NEWS by Email




Pages

  • 7th CPC
  • 7th CPC PayScales
  • CGHS
  • DISCLAIMER
  • DOPT
  • LTC

Categories

Copyright © 2021 · News Pro Theme On Genesis Framework · WordPress · Log in