RBI Pensioners FY 2024-25: New Tax Regime and Income Tax Guidelines

RBI Pensioners may note the following information for Income tax-related matters like reporting savings, investments, and claiming rebates/deductions to the offices concerned for the Financial Year (FY) 2024-25. a) By default, the TAX REGIME from Financial Year (FY) 2024-25 is 'NEW TAX REGIME' for the retirees.b) Only those Retirees who want to opt for the... Continue Reading →

 Finance Ministry Notifies LIC’s 17% Wage Revision

The Union Finance Ministry has recently notified the wage revision for LIC employees, which will benefit over 1.1 lakh employees in the state-run insurance company. Some key points of the recently notified wage settlement for LIC (Life Insurance Corporation of India) employees are as under: The revision amounts to an annual increase of about 17% in wages and is applicable from August... Continue Reading →

Dispensary facilities for RBI retirees-para 12.1 of Master circular modified.

RBI has recently made a significant modification to the Master circular Para 12.1 As per para 12.1 the dispensary facility such as free treatment and issue of drugs on credit slips as per norms is accessible only at Centers where regular full-fledged dispensaries in charge of part-time BMOs/ BMCs are established with arrangements for stocking... Continue Reading →

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