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The 4th Central Pay Commission recommended the grant of DA on a 'percentage system' of the basic pay (1986). It also recommended payment of DA twice a year; 1 January and 1 July. Each installment of DA was to be calculated with reference to the percentage increase in the 12 monthly average of All India Consumer Price Index (base 1960).
Provident Fund is calculated 12% on the basic allowance plus the allowances received by all the employees across the board. The cap on the calculation of basic allowance is Rs. 15,000.00. Further, the basic plus the allowances received by all employees across the board should be considered for calculation of EPF wages, not the gross wages for ...
Government's incentives to industry are of diverse types, such as government subsidy, tax incentive, cash payments, waiver of certain types, etc. For example, in 2020-2021 the Government of India (GoI) introduced several targeted PLI schemes , which will run for five years, to boost 13 distinct industry sectors.
Rank Pay affected all officers ranks from second lieutenant to brigadier in the army, and equivalent ranks in the Indian Air Force and the Indian Navy. The 'rank pay', which varied from 200 to 1200, was not an additional pay, but amount deducted from their pay grade. This ended long established err Military Indian Police service equations.
Using a loan calculator can help determine the exact monthly payments for a loan, making it easier to budget and avoid mistakes. It's important to calculate the total cost of a loan to understand ...
Income tax is generally collected in one of two ways: through withholding of tax at source and/or through payments directly by taxpayers. Nearly all jurisdictions require those paying employees or nonresidents to withhold income tax from such payments. The amount to be withheld is a fixed percentage where the tax itself is at a fixed rate.
HAVANA (Reuters) -Cuba's national electrical system collapsed early on Wednesday morning after the country's largest power plant failed, the government said, the latest of several such failures as ...
Norman identified 45-year-old Arron Semeion Thompson as the inmate who attacked Bias at 3:45 p.m. Monday. Thompson was in a segregated area where he spent 23 hours per day alone in his cell.
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