Sunday, 17 January 2016

Ex-servicemen stage protest outside Jaitley residence for changing OROP scheme

Ex-servicemen stage protest outside Jaitley residence for changing OROP scheme

New Delhi: Ex-servicemen seeking changes in the government’s One Rank One Pension (OROP) scheme today staged a protest outside the official residence of Finance Minister Arun Jaitley here, alleging that he failed to respond to concerns raised by them during an earlier meeting.

This is the second time in two weeks the veterans have staged demonstrations outside the minister’s official residence.

“We had staged protest outside the Minister’s residence on January 3. At that time, he had assured us he will speak to Defence Minister (Manohar Parrikar) over our demands.

“He had said he would get back to us within a week. But it’s two weeks now that he has not responded. What kind of Finance Minister he is if he can not keep his word?” said Group Captain (retd) V K Gandhi.

Gandhi, general secretary of Indian Ex-Servicemen Movement, said the veterans will continue with their protest until Jaitley or Parrikar holds parleys with them.

“Either of the Ministers will have to come and speak to us. We will not move an inch from here until then. If they don’t want to give us actual OROP, they should clarify so to us. Why lie?” he said, reiterating that the government notification has “flaws” and was “unacceptable”.

Around 200 ex-servicemen including Major General Satbir Singh, who has been spearheading the protest, have been demonstrating outside Jaitley’s residence, Gandhi added.

PTI

Rates of Income Tax as per Finance Act, 2015 – Financial Year 2015-16(AY 2016/17)

Rates of Income Tax as per Finance Act, 2015 – Financial Year 2015-16(AY 2016/17)

RATES OF INCOME-TAX AS PER FINANCE ACT, 2015: As per the Finance Act, 2015, income-tax is required to be deducted under Section 192 of the Act from income chargeable under the head “Salaries” for the financial year 2015-16 (i.e. Assessment Year 2016-17) at the following rates:

Rates of tax : A. Normal Rates of tax:

 

Rates of tax for every individual, resident in India, who is of the age of sixty years or more but less than eighty years at any time during the financial year: 



In case of every individual being a resident in India, who is of the age of eighty years or more at any time during the financial year:


Education Cess on Income tax:

The amount of income-tax including the surcharge if any, shall be increased by Education Cess on Income Tax at the rate of two percent of the income-tax.

Secondary and Higher Education Cess on Income-tax:

An additional education cess is chargeable at the rate of one percent of income-tax including the surcharge if any, but not including the Education Cess on income tax.

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