Leave Travel Concession –
Air Travel concession ends today…
Concession of Air travel,
which the Central Government employees have been enjoying for the past 6 years,
comes to an end today. It is saddening to see that a scheme, that was so
popular and enjoyed by all across ranks, has come to an end.
Travelling by airplane with
the entire family is still not an ordinary feat for the majority of Indians. It
therefore comes as no surprise that the ones who didn’t utilize this
opportunity are regretting it.
For countless Central
Government employees who completed a year in service and took their parents and
siblings on a plane journey, it will be a memory worth cherishing for a very
long time.
Former employees, who had
served for 30-40 years but didn’t enjoy this facility, sure have their regrets.
No matter how sophisticated and comfortable buses, trains and ships are, they
can’t quite match the thrill of travelling by air.
There are no indications
yet that the scheme could be extended, but one can be sure only after the
2014-15 General Budget is presented.
More news about the topic...
More news about the topic...
Recent articles...
Central Government is planning to raise the Income Tax
exemption slab to Rs. 5 Lakhs
6-day Week for Central Government
Employees from now on...!
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of proposals to be considered
Central Government is
planning to raise the Income Tax exemption slab to Rs. 5 Lakhs
According to information
from the Finance Ministry, the Government is giving serious thoughts about
raising the income tax exemption slab from the current Rs. 2 lakhs to Rs. 5
lakhs. The information adds that Modi is planning to make the raising of income
tax exemption slab from Rs. 2 lakhs to Rs. 5 lakhs as one of the achievements
of his Government’s tenure. The Finance Ministry has, it seems, sought a report
regarding this from the Income Tax department. A number of other financial
incentives are also likely to be announced by the Modi Government.
The Government has also
planned to raise the tax exemption on housing loans. According to sources from
the Finance Ministry, there are also plans to increase the tax exemption on
medical insurance premium.
The reports add that Modi
is trying to impress as many people as possible with the very first budget that
his government is going to present. The demand for raising income tax exemption
level to Rs. 5 lakhs has been a long-standing one. Economists and experts
suggest that the slab be fixed in accordance to the current price and inflation
levels.
The long-standing demand of
the middle and salaried classes, to raise the income tax exemption slab to Rs.
5 lakhs from 2 lakhs, is being seriously considered by the government led by
Prime Minister Modi.
Based on sources from New
Delhi, the first budget of the newly formed Government is likely to be
presented on the 11th of July. These sources say that the Finance Ministry has
sought a report from the Income tax department. The sources also add that the
Government is also planning to increase exemptions granted to housing loans and
medical insurance premium. If all these suggestions get implemented, then it
would come as a huge relief to the salaried and middle-class folks. Previously,
Finance Minister Arun Jaitley was considering raising the income tax exemption
slab to Rs. 3 lakhs.
Source:
www.7thpaycommissionnews.in
[http://7thpaycommissionnews.in/central-government-is-planning-to-raise-the-income-tax-exemption-slab-to-rs-5-lakhs/]
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