7th Pay Commission : Allowances to come under the ambit of Income Tax from financial year 2017-18 7वां वेतन आयोग भत्ते वित्तीय वर्ष 2017—18 से आयकर के दायरे में आएंगे  – Read on Report

7th Pay Commission : Allowances to come under the ambit of Income Tax from financial year 2017-18 7वां वेतन आयोग भत्ते वित्तीय वर्ष 2017—18 से आयकर के दायरे में आएंगे – Read on Report

7th Pay Commission : Allowances to come under the ambit of Income Tax from financial year 2017-18 / 7वां वेतन आयोग भत्ते वित्तीय वर्ष 2017—18 से आयकर के दायरे में आएंगे

allowances-to-come-under-ambit-of-itax

7th CPC (Pay Commission) Latest News: New Allowance To Come Under Income
Tax

वित्त मंत्रालय के वरिष्ठ अधिकारी से प्राप्त जानकारी के अनुसार 7वें वेतन
आयोग के भत्ते वित्तीय वर्ष 2017—18 से आयकर के दायरे में आ सकते हैं। उक्त
अधिकारी के अनुसार मूल वेतन को छोड़कर सभी भत्तों को कर दायरे से बाहर रखने से
दूसरे लोगों से भेदभाव होगा। 


Although the Central Government Employee Unions demanded exemption of
the allowances from Income tax, their wish in this request will not be
granted.

New Delhi, August 7:
New allowances of central government employees, based on recommendations of
the 7th Pay Commission, will come under the ambit of Income tax, reports
claimed. According to a Senior Finance Ministry official, income tax will
be imposed on the allowances which were granted from financial year 2017-18
As per reports, tax treatment on basic salary, bonus and allowances among
others, for both government and non-government salaried employees was
proposed in the Finance Bill 2017. However, in the past, central government
employees union demanded exemption from income tax on new allowances under
the recommendations of the 7th Pay Commission. 
According to the senior official, “If all allowances, excluding basic
salary, of central government employees are made tax free it will show
discrimination to others.” 
The government, as per the 7CPC recommendations, implemented the new pay
structure from January, 2016 for central government employees and the
allowances, the compensatory perks for all employees, from July 1, 2017. 
Although the unions demanded implementation of the allowances with
retrospective effect from January 2016, there is a usual practice to pay
the allowances from the date of implementation. 
Speaking to India.com, the official said that the government had
no plan to give allowances in arrears since beginning. However, this deeply
annoyed the central government employees. 
Noteworthy that, keeping in mind the salary and allowance hikes, Finance
Minister Arun Jaitley allocated Rs 1.02 lakh crore in the 2016-17 Union
budget for paying the central government employees. 
According to the senior official, delay in the implementation of allowances
was chiefly because of the financial gains of the government and reportedly
saved nearly Rs 40,000 crore. 
The bone of contention between central government employees’ unions and
government, the House Rent Allowance (HRA), which unions demanded at the
rate of 30 per cent, 20 per cent and 10 percent of basic pay with arrears. 

Read more on http://www.india.com/
Read also :  7वां वेतन आयोग में वेतन निर्धारण: उच्चतर वेतन लेवल के पद पर पदोन्‍नत किए गए कर्मचारियों को एमएसीपीएस के अंतर्गत वित्तीय अपग्रेडेशन प्रदान करने पर वेतन निर्धारण का लाभ दिए जाने के पश्चात्‌ वेतन निर्धारित करना के संबंध में स्पष्टीकरण - आर बी ई सं. 23/2019

COMMENTS