Bookmarks   Feedback   Annual Subscription   New User   Login  
Tax Management India .com   
   TMI - Tax Management India. Com   
Refund - reduction in value - credit notes towards trade discount raised by the Assessee subsequent to the sale - refund allowed - SC    *    Delayed deposit of collected service tax - due to lack of funds - Such possibilities do occur in the world of business - No penalty - Tri    *    Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver    *    Removal of goods from Depot to Job worker    *    Filing of online return for first quarter of 2016-17 - extension of period thereof    *    Jurisdiction of income-tax authorities    *    Advisory on Introduction of Special Advanced Authorisation Scheme    *    Applicability Of Service tax on Liquidated Damages    *    weighment permission    *    Purchase from unregistered dealer    *    Disclosures on the Website    *    Cabinet approves simplification and liberalisation of the Foreign Direct Investment Policy, 2016 in various sectors    *    Cabinet approves creation of a Project Development Fund to catalyse Indian economic presence in Cambodia, Laos, Myanmar and Vietnam    *    India jumps 19 places in World Bank’s Logistics Performance Index; Improves its Ranking from 54 (in 2014) to 35 (in 2016)    *    Closure of financial accounts under Rule 114H (8) of the Income-Tax Rules, 1962 under alternative procedure of FATCA    *    RBI Reference Rate for US $    *    Settlement Commission (Income Tax and Wealth Tax) (Recruitment and Conditions of Service of Chairman, Vice-Chairman and Members) Amendment Rules, 2016    *    Seeks to amend Notification No. 26/2012- Service Tax dated 20.06.2012, by inserting of entry “5A” for transportation of passengers embarking from or terminating in a Regional Connectivity Scheme (RCS) airports, with abatement of 90%,for a period of one year from the date of commencement of operations of the Regional Connectivity Scheme (RCS) airport, with condition of without taking any CENVAT credit    *    eligibility of service tax credit    *    service tax payament-reg    *    Commercial and Industrial Construction Services - confirmation of tax liability on the appellant on a category which is not alleged in the show-cause notice is traversing beyond the allegations made in the show-cause notice. - Tri    *    Demand of Service Tax in respect of the same transaction on the ground that the deposit of Service Tax was under a different category whereas a different category of service has been provided cannot be held to be justifiable. - Tri
 
Discussions Forum
Home Forum Other Topics
← Previous Next →

EPF PENSION - Other Topics

#1 Issue Id: - 4121
Dated: 4-5-2012
By:- DURGAVADHYULA SUBBA RAO
EPF PENSION

  • Forum

EPF Pension was made mandatory to all PSU Employees since 1995. Now the EPF Pensioners

are facing lot of hardship as they are not aware of the Rules & Regulations of EPF Pension Scheme.

There is no DA or any allowance thus making it a fixed pension.  We understand that there is a provision for increase of pension to certain percent for evry 5 years.  In such case the pension would have revised not less than 3 times.  It is also understood from the news papers that G.O.I is going to increase the minimum pension to Rs. 1000/-.  How about the pensioners drawing more than 1000/- ?  Since the pension is very meagre the

pensioners are not able to meet their both ends.  Can you suggest some remedies that are already available in the scheme itself.  Whether there is any provision of increase in pension.

This will help us to write to Govt. for increase of pension for their consideration.  Shall be highly grateful for a reply on the above.

 

D.SUBBA RAO

Post Reply

Posts / Replies

 

#2 Dated: 21-5-2012
By:- sagarmal pareek

namaskar.the contents of yr write-up are perfectly allright.Declarations were made when the policy was declared as early as in 1995 itself that it will be revied regarding increase in Pension.So far nothing is done in the matter,except that very recently there was declaration from some one that the Govt.is considering to raise it to minimum Rs.1000.00.But nothing is so far done..

it appears that since most of the people in this scheme are from private employers ,tmhey are not at all united and no body is approaching to the proper form.Wha vis is required is to make an association of such perople and to give a joint and proper representation to the Government saying that when these amounts were deducted from our salaries/wages before many years ,what was the value of rupee and now what is the value of Rupee?Further if the same amount which was blocked for giving us pension shd have been made available to us ,what would have been the amount of interest there on so far.Looking to all these facts,we shd conclude that it will be juducius in all respect that our pension must be revised immediately.Sagar mal pareek


#3 Dated: 21-5-2012
By:- GOPALA KRISHNAN

DEAR SH SUBBARAO,

 

BASICALLY AND PRACTICALLY THE SCHEME IS NO WAY BENEFICIAL TO THE PENSIONERS. AFTER SUCH A LONG SERVICE AND IN THE PRESENT COST OF LIVING , HOW THE GOVT EXPECTS THE PENSIONERS TO LIVE WITH A MEGRE AMOUNT OF LESS THAN RS.1000/-? IF THERE IS NO REVISION ON THE BASIS OF PRICES THEY SHOULD NOT BE COMPULSORILY  COVERRED UNDER THIS SCHEME. IT SHOULD BE OPTIONAL AS WELL AS THE PEOPLE SHOULD HAVE BEEN EXPLAINED PROPERLY. EVEN IF WE ASK THE PF OFFICIALS THEY ARE NOT IN A POSITION TO EXPLAIN THE CALCULATION OF THE PENSION.


Post Reply



 

← Previous Next →
what is new what is new

Advanced Search

Latest Updates

Forum

Featured

Experts

More Options

Communication




|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map || ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version