Good news and Not very good news.

Latest Reports say : 

Individual taxpayers could get some relief as the FM is likely to raise the minimum income threshold for paying personal income tax for those below 60 years of age to Rs 3 lakh a year  (and 3.5 Lakhs a year for Senior Citizens) . ie. upward revision of just Rs. 50000.

Some of the Pvt sector companies are  to give the highest annual increment of more than 15% in salary in 2016. How much annual increments  would Govt employees get by 7CPC) ?

PF interest rate is 8.8 % for this FY.

7CPC Implementation Cell meeting with NJCA  fixed for 17th February 2016,  to discuss on Staff Side demands  has been postponed to 19 th.