""FLASH NEWS""

"" Listing of state general insurers may be staggered.""...""" New India Assurance launches “New India Premier Mediclaim Policy” with exclusive features and Sum Insured upto Rs. 1 crore""".... “The tentative decrease in D.A. Slabs is 9 for the months from February,2017 to April,2017 - The net number of slabs for Feb.,2017 stands at 469"".."" ALL MEMBERS OF NFGIE/GICEU: PL ENSURE PAYING LEVY ON WAGE REVISION IMMEDIATELY ON RECEIPT OF ARREARS TO THE RESPECTIVE STATE /REGIONAL UNITS TO STRENGTHEN FINANCIAL POSITION OF NFGIE AS WELL AS STATE UNITS OF GICEU""....."" WAGE ARREARS WILL BE PAID ON 05th FEB.,2016""...."" WAGE REVISION FILE WAS CLEARED BY FINANCE MINISTRY ON THURSDAY 14TH JAN.,2016 ONLY. EXPECTING NOTIFICATION AT ANY TIME. HOWEVER, ON TUESDAY 19TH JAN.2016 GIPSA GOVERNING BODY MEETING HELD AT 'GOA'. PAYMENT DATE MAY BE DECIDED BY GIPSA AUTHORITY.""..."" NEXT ROUND OF DISCUSSIONS WITH GIPSA ON 04TH, 5TH & 6TH nOV., 2015 AT HOTEL GOLCONDA,HYDERABAD- NFGIE SLOT FOR DISCUSSIONS ON WAGE REVISION WITH GIPSA AT 2 PM ON 04.11.2015""...""Received a call from Mr A K Singhal, Advisor, GIPSA to our National Federation General Secretary, Mr P S Bajpai regarding the next round of Wage Talks on 29th October 2015 (Thursday) at Mumbai. Detailed Circular follows.""..."" We have been informed by Mr. Vasant Khande,Mumbai that Mr. Ashish Shelar,MLA and BJP President of Mumbai is going to attend our NFGIE conference on 1st October,2015 in Chennai""...""Wage revision and Pension Option – Programme of Agitation::: 1. Lunch Hour demonstrations in all centres on 15th and 23rd September.2. Signature campaign (memorandum addressed to Finance Minister) to complete by 23rdSeptember.;3. No late sitting in offices and no work on Saturdays, Sundays and Holidays w.e.f. 23rd September, 2015;4. Joint Employees meetings in all offices to campaign;5. Perspective of strike actions in October ""......"23RD JULY IS NEW INDIA'S FOUNDATION DAY(23RD JULY, 1919). ON THIS HAPPY OCCASSION, LET ALL NEW INDIANS TO RE-DEDICATE THEMSELVES ONCE AGAIN TO BRING BACK IT'S GLORY AND TO RETAIN NO.1 POSITION WITH PROFITS




""NEW INDIA ASSURANCE BEATS COMPETITION, GETS $9.5 BILLION AIR INDIA DEAL. One of India’s biggest public sector general insurer, New India Assurance (NIA) led consortium of public sector insurance companies has been awarded the contract to insure Air India’s huge fleet of 126 aircrafts worth 9.5 billion dollars. The consortium outbid the tender submitted by private general insurance companies, for this contract floated by Air India. NIA will insure Air India for 9.5 billion insurance cover for a premium of $22.5 million, which would be a one of the biggest aircraft insurance deals in the whole of Southeast Asia. PSU insurers continue to insure Air India for 4th year in a row"".....""Thank u all for staging a successful DHARNA today (06.7.2015) all over India as part of JFTU programme. At Mumbai we met Chairman GIPSA who informed that ministry is insisting on wage settlement on bank line only. Still they are pursuing with the ministry for getting sanction for a better package for PSGI Companies citing various factors. Due to this GIPSA is delaying resumption of wage negotiation. More stringent TU action is needed by JFTU against Ministry of Finance stand. JFTU will decide its further programme....Than 'Q'...Sujit Bagchi,General Secretary, "NFGIE""...""


TOTAL WEB VIEWERS

Tuesday, March 1, 2011

NO I.T. RETURNS FOR SALARIED PEOPLE WITH INCOME BELOW Rs.5 LAKH

Dear Viewers,
The following are the a few highlight in Finance Bill,2011.
1. Salaried people,may be up to Rs.5 Lakh, need not file the Income Tax return. Form-16 issued to employees will be treated as Inome Tax Return.
2. Every person whose income exceeds the taxable limit is presently required to file returns.
3. Tax Exemptionlimit or individual tax payers aised om Rs.1.60 Lakh to Rs.1.8 Lakh, giving tax relief of Rs.2,000/-.
4. Exemption limit raised for Senior Ciizens from Rs.2.4 Lakh o Rs.2.5 Lakh; the qualiying age for the rebate reduced from 65 to 60.
5. Higher exemption limit for very Senior Citizens (80 years and above) at Rs.5 lakh.
6. Additional deduction of Rs.20,000/- for investment in long-term infrastucture bonds to be extended for one more year.

A) Basic Slab for Men: Earlier under the age of 65 years, now under 60 years.
 Upto Rs.1,80,000/-                                             NIL
Rs.1,80,001/- to Rs.5,00,000/-                             10%
Rs.5,00,001/- to Rs.8,00,000/-                             20%
AboveRs.8,00,001/-                                            30%
B) Basic Slabs for Women : Earlier under the ageof 65 year,now under 60 years.
Upto Rs.1,90,000/-                                              NIL
Rs.1,90,001/- to Rs.5,00,000/-                             10%
Rs.5,00,001/- to Rs.8,00,000/-                             20%
AboveRs.8,00,001/-                                            30%
C) Slabs for Senior Citizens: Earlier over the age of 65 years, now 60 to 80 years.
 Upto Rs.2,50,000/-                                             NIL
Rs.2,50,001/- to Rs.5,00,000/-                              10%
Rs.5,00,001/- to Rs.8,00,000/-                              20%
AboveRs.8,00,001/-                                             30%
D) Slabs for "Very" Senior Citizens: Now category over age of 80 years.
Upto Rs.5,00,000/-                                              NIL
Rs.5,00,001/- to Rs.8,00,000/-                              20%
Rs.8,00,001/- and above                                      30%
The above information provided for the benefit of all concened.
..... EDITOR
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