REMEMBRANCE DAY: COM. M. KRISHNAN
Organisation unifying the entirety of Indian Central Government Employees and Workers on a single platform of struggle and advance.
2025 UPU INTERNATIONAL LETTER WRITING COMPETITION FOR YOUNG PEOPLE.
(CLICK THE LINK BELOW TO VIEW)
https://www.indiapost.gov.in/VAS/Pages/News/IP_21022025_UPU_English.pdf
GRANT OF FIXED MEDICAL ALLOWANCE (FMA) TO CENTRAL GOVERNMENT EMPLOYEES COVERED UNDER NATIONAL PENSION SYSTEM - REG. (07/02/2025) (CLICK THE LINK BELOW TO VIEW)
https://documents.doptcirculars.nic.in/D3/D03ppw/FMAJ2OQs.pdf
PIB
PRESS INFORMATION BUREAU
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MINISTRY OF COMMUNICATIONS
INDIA POST PAYMENTS BANK UNDERTAKES VARIOUS MEASURES TO FACILITATE POST OFFICE SAVINGS ACCOUNT (POSA) LINKAGE WITH ITS ACCOUNTS
Posted On: 06 FEB 2025 3:11PM by PIB Delhi
India Post Payments Bank (IPPB) has 650 branches and over 1.63 lakh access points across the country with 01 branch and 224 access points particularly in Kushinagar district.
IPPB is offering a range of services and products such as savings and current accounts, Virtual Debit Card, Domestic Money Transfer services, bill and utility payments, insurance services for IPPB customers, Post Office Savings Account (POSA) linkage with IPPB accounts, online payment for Post Office Savings schemes, Digital Life Certificate (DLC), Aadhaar Enabled Payment System (AePS), mobile number update in Aadhaar for any citizen and Child Enrolment services for any child of 0-5 years old.
IPPB has undertaken various measures to facilitate the Post Office Savings Account (POSA) linkage with IPPB accounts including display of branding material at all major post offices and holding of more than 25000 financial literacy and customer awareness camps in and outside post offices to encourage customers for linking POSA – IPPB account.
IPPB provides doorstep access to Aadhaar related services including Digital Life Certificates and Child Enrolment through the Postmen and Gramin Dak Sevaks. It has tied up with various Departments at Central/State level to provide these services to general public, pensioners and children, as the case may be. As on 31.12.2024, the Bank has opened 7.03 crore Aadhaar seeded accounts, updated mobile numbers in Aadhaar of 7.68 crore customers, provided Child Enrolment services to 81.17 lakh customers and has issued more than 24 Lakh Digital Life Certificate to pensioners.
This information was given by the Minister of State for Communications, Dr. Pemmasani Chandra Sekhar in a written reply to a question in Rajya Sabha today. Samrat/Dheeraj@: pibcomm[at]gmail[dot]com (Release ID: 2100235)
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MINISTRY OF COMMUNICATION
DEPARTMENT OF POSTS TAKES STEPS TO IMPROVE OPERATIONAL EFFICIENCY AND EXPAND SERVICE OFFERINGS
POSTED ON: 06 FEB 2025 3:08PM BY PIB DELHI
The Department of Posts has taken numerous steps to improve operational efficiency, incorporate technology, and expand service offerings. Below are the details:
§ All Post Offices are integrated with a Core Banking Solution offering a variety of services including ATMs, Internet Banking, Mobile Banking, NEFT/RTGS, Electronic Clearing Services (ECS), and e-KYC for smooth digital transactions.
§ India Post Payments Bank offers digital payment services linked to Post Office Savings Accounts.
This information was given by the Minister of State for Communications, Dr. Pemmasani Chandra Sekhar in a written reply to a question in Rajya Sabha today. Samrat/Dheeraj@: pibcomm[at]gmail[dot]com (Release ID: 2100231)
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CONSTITUTION OF 8th CPC
RAJYA SABHA
PIB
PRESS INFORMATION BUREAU
MINISTRY OF FINANCE
NO INCOME TAX ON ANNUAL INCOME UPTO Rs. 12 LAKH UNDER NEW TAX REGIME
LIMIT TO BE Rs. 12.75 LAKH FOR SALARIED TAX PAYERS, WITH STANDARD DEDUCTION OF RS. 75,000
UNION BUDGET 2025-26 BRINGS ACROSS-THE-BOARD CHANGE IN INCOME TAX SLABS AND RATES TO BENEFIT ALL TAX-PAYERS
TAX SLAB RATE REDUCTION AND REBATES TO RESULT IN SUBSTANTIAL TAX RELIEF TO MIDDLE CLASS, THEREBY BOOSTING HOUSEHOLD CONSUMPTION EXPENDITURE AND INVESTMENT
Posted On: 01 FEB 2025 1:28PM by PIB Delhi
Reaffirming Government’s commitment to the philosophy of “trust first, scrutinize later”, the Union Budget 2025-26 has reposed faith in the Middle class and continued the trend of giving relief in tax burden to the common tax–payer. Presenting the Budget in the Parliament today, Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman proposed an across-the-board change in tax slabs and rates to benefit all tax-payers.
Giving the good news to tax payers, the Finance Minister stated, “There will be no income tax payable upto income of Rs. 12 lakh (i.e. average income of Rs.1 lakh per month other than special rate income such as capital gains) under the new regime. This limit will be Rs.12.75 lakh for salaried tax payers, due to standard deduction of Rs. 75,000.” Tax rebate is being provided in addition to the benefit due to slab rate reduction in such a manner that there is no tax payable by them, she added.
Smt. Sitharaman stated, “The new structure will substantially reduce the taxes of the middle class and leave more money in their hands, boosting household consumption, savings and investment”. In the new tax regime, the finance minister proposed to revise tax rate structure as follows:
0-4 lakh rupees | Nil |
4-8 lakh rupees | 5 per cent |
8-12 lakh rupees | 10 per cent |
12-16 lakh rupees | 15 per cent |
16-20 lakh rupees | 20 per cent |
20- 24 lakh rupees | 25 per cent |
Above 24 lakh rupees | 30 per cent |
The total tax benefit of slab rate changes and rebate at different income levels can be illustrated in the table below:
While underlining Taxation Reforms as one of key reforms to realize the vision of Viksit Bharat, Smt. Sitharaman stated that the new income-tax bill will carry forward the spirit of ‘Nyaya’. The new regime will be simple to understand for taxpayers and tax administration, leading to tax certainty and reduced litigation, she informed.
Quoting Verse 542 from The Thirukkural, the finance minister stated, “Just as living beings live expecting rains, Citizens live expecting good governance.” Reforms are a means to achieve good governance for the people and economy. Providing good governance primarily involves being responsive. The tax proposals detail just how the Government under the guidance of Prime Minister Shri Narendra Modi has taken steps to understand and address the needs voiced by our citizens, Smt. Sitharaman added/NB/VM (Release ID: 2098406)