Now if you also want to take advantage of old pension, then you have a good chance. You will have to decide in the coming 60 days whether you want to be in New Pension Scheme or want to select OPS. Regarding this, SOP has also been issued by the government.

Option to be chosen in 60 days

The government has asked the employees to opt for pension within 60 days. Tell that the beneficiaries of the state government, Himachal Pradesh are getting this facility. State employees are getting the benefit of the old pension scheme from 1 April 2023. Along with this, if anyone has retired earlier, then he will not get the old money in the form of arrears.
Government issued order

After a long wait, the Finance Department of Himachal Government has issued Standard Operating Procedure (SOP) to implement OPS. The Chief Secretary of the state has issued an order in this regard.

Will get the benefit of NPS if not selected

If any employee does not choose his pension option by the prescribed time limit, then those people will be kept in NPS only. Along with this, all the employees who will be covered in OPS will also be covered under General Provident Fund Central Service Rules 1960. On the other hand, if any employee selects NPS, then he will also have to deposit the share of NPS on April 1.

What are the advantages of old pension scheme?

Talking about the benefits of the old pension scheme, its biggest advantage is that it is made on the basis of the last drawn salary. Apart from this, as the inflation rate increases, DA also increases. Even when the government implements the new pay commission, it increases the pension.

OPS has already been implemented in many states, Rajasthan ranks first among the states to implement old pension scheme. After this, the governments of Rajasthan, Punjab, Chhattisgarh, Jharkhand and Himachal Pradesh have also restored the old pension scheme.

You may also like

The post Old Pension Scheme: Government issued notification…! Old Pension Scheme restored, you can also choose OPS immediately first appeared on Rightsofemployees.com.

There is also a provision in this law to form a separate authority or court for any dispute related to rent. Under this law, now no landlord can take more than two months as security deposit for a residential house. If the rent is not received or the tenant does not vacate the house, then the landlord can charge 2 to 4 times more rent from them.

It is believed that after the implementation of this new law, people living on rent will get benefits. Along with this, there will be fundamental changes in the existing system of giving houses on rent. This will accelerate the rental business. Today we are giving you the necessary information related to this so that you can get adequate information about your rights as a landlord or tenant.

Question: What if the rent agreement is not renewed and after that the tenant is staying?

Answer: In such a situation the rent will continue to be renewed on a month-to-month basis as per the terms of the earlier rent agreement. This can be done for a maximum of 6 months.

Question: What is the provision for damages if the tenant is not leaving the house?

Answer: After the completion of the rent agreement, if the tenant does not leave the house even after the extension of 6 months, then it will be considered as default and he will have to pay damages. This amount of compensation will be double of the monthly rent for two months and after that it will be four times of the house rent.

Question: Can the rent be increased between the period fixed in the rent agreement?

Answer: The rent cannot be increased in the middle of the period fixed in the rent agreement. If there is an agreement regarding the rent in the rent agreement, then the decision to increase the rent can be taken on the basis of that.

Question: Will this law affect existing tenants?

Answer: The new Model Tenancy Act (MTA) will likely be implemented. This will not affect existing tenants or landlords.

Question: What is the maximum limit for security?

Answer: In the new law, only a maximum of 2 months’ rent for residential houses can be taken as security. Whereas, for commercial property this limit will be for a maximum of 6 months. That is, for renting a commercial property, the landlord can charge a maximum of 6 months’ rent from you as a security deposit.

Question: Is it mandatory to have a written agreement for all types of rentals?

Answer: Yes, now written agreement has become mandatory for all types of rentals. This agreement will also have to be submitted to the Rent Authority of the concerned district. The rent and its duration will be fixed only on the basis of agreement between the landlord and the tenant. This will be mentioned in the written agreement.

Question: What will be the responsibility of the landlord for renting out the house?

Answer: Under the Model Tenancy Act, unless there is any mention in the rent agreement, the landlord will be responsible for many types of work. In this, the owner will be responsible for structural repair of the house, painting of walls, painting of doors or windows, replacement of plumbing pipes if required, electrical wiring etc.

Question: What are the responsibilities of the tenant?

Answer: The responsibility of repairing water logging, switch or socket repair, kitchen fixture repair, replacement of window-door glasses, maintenance of garden or open spaces, protecting the property from willful damage, etc. will be the responsibility of the tenant. The landlord must inform about any damage caused to the property.

Question: What happens in case of disagreement regarding the repair?

Answer: If the landlord wants to get some additional structural work done on the rented property and the tenant refuses to do so, then the matter can be settled in the Rent Court. For this, the landlord will have to file an application in the Rent Court.

Question: What can’t the landlord do?

Answer: No one can stop the essential supplies to the landlord or tenant of the property. This includes electricity, power, gas etc.

Question: What is the rule for taking out the rent?

Answer: As long as the period of the rent agreement continues, the tenant cannot be evicted. However, if both the parties have made any special agreement in the rent agreement then the same will be valid.

The post Great news for tenants and landlords..! Know these new rules before giving house or shop on rent, government issued notification first appeared on Rightsofemployees.com.

Now if you also want to take advantage of old pension, then you have a good chance. You will have to decide in the coming 60 days whether you want to be in New Pension Scheme or want to select OPS. Regarding this, SOP has also been issued by the government.

Option to be chosen in 60 days

The government has asked the employees to opt for pension within 60 days. Tell that the beneficiaries of the state government, Himachal Pradesh are getting this facility. State employees are getting the benefit of the old pension scheme from 1 April 2023. Along with this, if anyone has retired earlier, then he will not get the old money in the form of arrears.
Government issued order

After a long wait, the Finance Department of Himachal Government has issued Standard Operating Procedure (SOP) to implement OPS. The Chief Secretary of the state has issued an order in this regard.

Will get the benefit of NPS if not selected

If any employee does not choose his pension option by the prescribed time limit, then those people will be kept in NPS only. Along with this, all the employees who will be covered in OPS will also be covered under General Provident Fund Central Service Rules 1960. On the other hand, if any employee selects NPS, then he will also have to deposit the share of NPS on April 1.

What are the advantages of old pension scheme?

Talking about the benefits of the old pension scheme, its biggest advantage is that it is made on the basis of the last drawn salary. Apart from this, as the inflation rate increases, DA also increases. Even when the government implements the new pay commission, it increases the pension.

OPS has already been implemented in many states, Rajasthan ranks first among the states to implement old pension scheme. After this, the governments of Rajasthan, Punjab, Chhattisgarh, Jharkhand and Himachal Pradesh have also restored the old pension scheme.

You may also like

The post Old Pension Scheme: Government issued notification…! Old Pension Scheme restored, you can also choose OPS immediately first appeared on Rightsofemployees.com.

If these documents are not given then your account will be closed and you will not be able to access it. If Aadhaar and PAN card is not deposited in Public Provident Fund, Senior Citizen Saving Scheme, Sukanya Samriddhi Yojana, Mahila Samman Scheme and others, then investment, withdrawal and other things will be restricted.

The government has issued this notification on 31 March 2023. Till now investment in these schemes could be done without Aadhaar, but from now on Aadhaar card and Aadhaar enrollment slip will have to be given.

What will be the alternative if there is no Aadhaar

According to the notification issued by the government, it is mandatory to give Aadhaar and PAN card, but if you do not have the Aadhaar number, then you can submit the Aadhaar enrollment slip or enroll number. It is mandatory to provide Aadhaar within six months of account opening.

What will happen if you do not submit Aadhaar

If the Aadhaar number is not provided within 6 months, then your small savings scheme account will be frozen and will not be opened until the Aadhaar number is provided. After submitting the Aadhaar number, your account will be reopened.

Mandatory to submit PAN within two months

The government has said in its notification that PAN or Form 60 will have to be given at the time of account opening only. If not given then it will have to be made available within 2 months. If the deposit is not made, the investment account will be frozen. It has been said in the notification that the post office or bank can demand any other document.

The post PPF, NSC Account Holders Alert! Government issued notification regarding all small savings schemes including PPF, NSC, know details first appeared on Rightsofemployees.com.

The post 7th pay commission: Good news for pensioners, pension increased by Rs 15,000, government issued notification! first appeared on Rightsofemployees.com.

Now his dearness allowance has increased to 42.3 per cent. This is more than the dearness allowance of central employees. The dearness allowance of coal workers has come into effect from March 1, 2023. This will remain in force till 31 May 2023.

Coal India issued notification

Ajay Kumar Chaudhary, Executive Director of Coal India has issued its notification. On the other hand, the central employees are still waiting for the increase in dearness allowance (DA-DR Hike News). It is expected that the increase in their dearness allowance can be announced on March 15. It is being said in media reports that the DA of central employees can be increased by 4 percent.

Central employees expected to increase 4 percent dearness allowance

If the dearness allowance of central employees increases by 4 percent, then their DA will increase to 42 percent. At the same time, the dearness allowance of coal workers has increased to 42.3 per cent, which is marginally higher than the dearness allowance of central employees. Explain that after the release of inflation figures, the central government increases the dearness allowance of its employees.

DA-DR increases on the basis of AICPI

The employees are hopeful that this time there could be an increase of 4 per cent in DA. The increase in dearness allowance and dearness relief is announced after the release of AICPI figures by the Ministry of Labour. On the basis of this, DA is calculated. DA-DR is revised twice a year i.e. once in 6 months. Generally, the dearness allowance for January is announced in March and the DA-DR for July is announced in September-October.

Cabinet can be sealed on March 15

In the meeting of the Union Cabinet to be held on March 15 under the chairmanship of Prime Minister Narendra Modi, the increase in dearness allowance can be approved. On March 1, an agreement was made in the cabinet to increase DA by 4 percent, but it was not officially announced. Explain that if the DA becomes 42 percent, then the dearness allowance of the minimum basic salary will increase to Rs 90,720.

The post DA Increased: Government issued notification! Dearness allowance of these employees increased to 42.3 percent first appeared on Rightsofemployees.com.

Along with this, people will be banned from filing income tax returns or accessing services related to PAN. However, the government has given relaxation in the deadline for linking PAN with Aadhaar and its deadline has been extended several times. But this time the current deadline is March 31, 2023.

Let us tell you that in May 2017, a notification issued by the Union Ministry of Finance was issued. According to this, many people were kept in the exemption category for linking PAN with Aadhaar. It was said in the notification that even if people falling in this category do not link PAN with Aadhaar, they will not face any problem and will not have to pay Rs 10,000 as fine.

There is no need to link these people , according to this notification, linking is not necessary for people living in Assam, Meghalaya and Union Territory of Jammu and Kashmir. On the other hand, according to the Income Tax Act, 1961, it is not mandatory for a non-resident to link PAN with Aadhaar. Apart from this, it is also not necessary for people who have crossed the age of eighty years or more at any time during the previous year. Also, even if a person is not a citizen of India, there is no need to link PAN with Aadhaar.

Know how to link PAN card with Aadhaar card

If your PAN and Aadhaar are not linked, you can link them through SMS or online. To link PAN with Aadhaar through SMS, send SMS to 567678 or 56161 from your registered phone number. Apart from this, you can also link PAN with Aadhaar online by visiting the Income Tax portal and paying the applicable late fee or Rs 1000. Along with this, you can also link your PAN card with Aadhaar card by visiting incometaxindiaefiling.gov.in, the official website of the Income Tax Department of India.

The post Government issued notification! These people will not have to pay fine for not linking PAN with Aadhaar first appeared on Rightsofemployees.com.

Under the new rule, now employees will be able to invest only up to Rs 5 lakh in GPF in a financial year. GPF is a scheme like PPF, in which only government employees can contribute. Let’s know the latest update.

Government changed the rules

It is worth mentioning that according to the General Provident Fund (Central Service) Rules, 1960, till now no upper limit was fixed for putting money in this fund. That is, according to the rules till now, employees could put one percent amount of their salary. But after this, on June 15, 2022, through a government notification, it was informed that these rules have been changed. According to this notification, now an amount of more than Rs 5 lakh cannot be added to the GPF account within a financial year.

Government issued notification

After this, on 11 October 2022, the Department of Pension and Pensioners’ Welfare (DoPPW) again issued an office memorandum. This new rule states that according to the General Provident Fund (Central Service) Rules, 1960, the GPF in respect of a subscriber should not be less than 6 per cent of the total emoluments. That is, then the upper limit was not fixed on it, but now this rule has changed.

What is GPF?

Now let’s talk about what is GPF? GPF is also a type of provident fund (PF) account, which is not open to all employees. Actually, only government employees get the benefit of GPF. For this, government employees have to contribute a certain part of their salary to GPF. It is mandatory for government employees to contribute in this.

Thereafter, the total amount accumulated from the contribution made by the employee to GPF during the period of employment is paid at the time of retirement of the employee. Let us tell you that the government does not contribute to GPF, only the employee contributes to it. Not only this, the Finance Ministry changes the interest rate of GPF every quarter.

Know the interest rate on GPF

Let us tell you that at present the interest received on GPF is similar to that of PPF. Significantly, the Department of Economic Affairs (DEA) has not made any change in the interest rates for the October to December quarter of 2022, and currently it is 7.1 percent.

The post GPF Rule Change: Big news for government employees! Changes in GPF rules, it is important for you to know first appeared on Rightsofemployees.com.

The new rules issued by the government will come into effect from January 1, 2023. Let us tell you in which rules it has been decided to change.

PFRDA had earlier relaxed the rules, from January 1, 2023, government employees will have to request for partial withdrawal from the fund only through their respective nodal offices. The Pension Fund Regulatory and Development Authority (PFRDA) had relaxed the rules during the Corona epidemic, under which automatic declaration under NPS was allowed.

Changes in the rules when the conditions became normal

According to the government information, keeping in mind the facilities of the people during the Corona epidemic, the rules were relaxed, but now that the situation is becoming normal, it has been decided that the government sector It will be necessary for the shareholders to send their requests through the concerned nodal offices.

Opposition to new pension

Let us tell you that at present there is a lot of protest going on in the country regarding the new pension system. Employees of the states are demanding restoration of old pension. Central employees of many states themselves believe that their future is not secure in this scheme. In the year 2004, the Central Government abolished the old pension scheme and started the National Pension System instead.

The post Pension Rules Changed: Big news for government employees, changes in pension rules, government issued notification…! first appeared on Rightsofemployees.com.

There is big news for government employees. The government has changed the rules of General Provident Fund (GPF). Under the new rule, now employees will be able to invest only up to Rs 5 lakh in GPF in a financial year. Let us tell you that GPF is a scheme like PPF, in which only government employees can contribute.

Government changed rules

It is noteworthy that as per the General Provident Fund (Central Service) Rules, 1960, till now no upper limit has been fixed for putting money in this fund. That is, according to the rules till now, employees could put a percentage of their salary. But after this, on June 15, 2022, through a government notification, informed that these rules have been changed. According to this notification, no more than Rs 5 lakh can be added to the GPF account within a financial year.

Government issued notification

After this, on 11 October 2022, the Department of Pension and Pensioners Welfare (DoPPW) has again issued an Office Memorandum. This new rule states that as per the General Provident Fund (Central Service) Rules, 1960, the GPF in respect of a subscriber should not be less than 6 per cent of the total wages. That is, there was no upper limit on it then, but now this rule has changed.

What is GPF?

Now let’s talk about what is GPF? GPF is also a kind of provident fund (PF) account, which is not available to all employees. Actually, only government employees get the benefit of GPF. For this, government employees have to contribute a certain part of their salary to GPF. It is mandatory for government employees to contribute in this. Thereafter, the total amount accumulated out of the contribution made by the employee to GPF during the employment period is paid at the time of retirement of the employee. Let us tell you that the government does not contribute to GPF, only the employee’s contribution is there. Not only this, the Finance Ministry changes the interest rate of GPF every quarter.

Know the interest rate on GPF

Let us tell you that at present the interest earned on GPF is same as that of PPF. Significantly, the Department of Economic Affairs (DEA) has not made any change in the interest rates for the October to December quarter of 2022, and it is currently at 7.1 percent.

The post Big news for government employees! Changes in GPF rules, you need to know first appeared on Rightsofemployees.com.

He is always worried about the future of his daughter. But now the government is also helping the parents in grooming the future of the daughters.

The government is running Sukanya Samriddhi Yojana for daughters . By investing in this scheme, parents can secure the future of their daughters. How to take advantage of it Sukanya Samriddhi Yojana is such a long term plan. By investing in this, you can add money from your daughter’s education to marriage expenses. Under Sukanya Samriddhi Yojana, the account of daughters below the age of 10 years is opened in the name of their parents only.

Under this scheme, you can invest from Rs 250 to Rs 1.50 annually. How many daughters will open an account from a family, earlier in this scheme, only two daughters’ account was exempted from tax under 80C. But now it has changed and under the rule, if two twin daughters are born after one daughter, then their account will also get tax exemption.

When can accounts be closed?

The account opened under Sukanya Samriddhi Yojana could be closed in the first two circumstances. If the girl child dies or if the address of the daughter’s residence is changed, then this account could be closed. But after the new change, the life-threatening illness of the account holder has also been included in it. The account opened under Sukanya Samriddhi Scheme can be closed prematurely even after the death of the parents.

How to open account?

To take advantage of this scheme, you can open an account by visiting any nearest post office or bank. Sukanya Samriddhi Yojana matures in 21 years. However, after the girl’s age is 18 years, money can be withdrawn from this account for studies. Full amount is available only after 21 years.

Documents required for Sukanya Samriddhi Yojana-

At the time of opening the account under Sukanya Samriddhi Yojana, it is necessary to give the girl’s birth certificate in the post office or bank. Also, the identity card and address proof of the girl and her parents are required.

How will the amount be deposited in the account?

The amount invested in the Sukanya Samriddhi Yojana account can also be deposited in cash, cheque, demand draft or in any such manner as the bank accepts.

How much interest will you get on investment?

At present, interest is getting at the rate of 7.6% on investment in Sukanya Samriddhi Yojana. Under this scheme, by investing a small amount, you can add lakhs of rupees. Sukanya Samriddhi Yojana is getting more interest than all the savings schemes of the bank or post office.

If you invest up to Rs 1000 every month under this scheme, then according to 7.6% interest rate, you will get an amount of more than Rs 10 lakh like this.
• Deposited in 1 month – Rs 1000
• Total deposit in 12 months Rs -12000
• Deposit up to 15 years – Rs -18,0000
• Total interest on deposit up to 21 years + Total deposit – Rs 329,212
• On attaining 21 years But after adding the total deposit + total interest, the money will be returned – Rs 10,18,425
• In this way, when your daughter is 21 years old, then lakhs of rupees will be deposited in her name. When you want your daughter to get married, then you can easily withdraw this money.

The post Government Issued notification: Big Alert! The rules of Sukanya Samriddhi Yojana have changed from today, check new rules immediately first appeared on Rightsofemployees.com.

The employees of the Center will be given non-productivity linked bonus (ad-hoc bonus) by the Ministry of Finance. In this bonus, according to the salary of 30 days, money will be given to the employees. This includes Group C and Group B category employees of the Central Government.

Which employees will get the benefit?

Bonus will also be given to those non-gazetted central government employees coming in Group B and Group C. These are the employees who are not covered under any Productivity Linked Bonus Scheme. The benefit of the ad-hoc bonus will also be given to the employees of the central paramilitary forces. Apart from this, temporary workers will also get the benefit of this.

How will the ad hoc bonus be decided?

Bonus is added on the basis of the average salary of the employees, as per the calculated ceiling, whichever is less. Monthly bonus of 30 days will be equal to about one month’s salary. For example, if a worker is getting Rs 7000, then his monthly bonus for 30 days will be around Rs 6908.

In this, according to the calculation, 7000 * 30 / 30.4 = Rs 6907.89 (Rs 6908) will be made. The benefit of such bonus will be available only to those Central Government employees who have been in service on 31 March 2021. During the year 2020-21, continuous duty has been given for at least six months. Temporary employees appointed on adhoc basis will also get this bonus. However, there should be no break in service in the meantime.

These employees will also get bonus

Such employees who have been out of service, have resigned or have retired on or before 31 March 2022, will be treated as a special case. Under this, those employees who have retired or died illegally on medical grounds before March 31, but have done regular duty for six months in a financial year, will be considered eligible for ad-hoc bonus.

Bonus will be fixed on ‘Pro Rata Basis’ based on the nearest number of regular service of the concerned employee. In such a case, it becomes the responsibility of the borrowing organization to provide adhoc bonus, PLB, exgracia and incentive schemes etc.,

provided such provisions are in force. If an employee is in the grade of ‘C’ or above and is withdrawn from foreign service midway during the financial year, then the rule of adhoc bonus has been made in this regard.

Under this, if the parent department of that employee has received bonus and exgratia amount from the foreign department in the financial year, then that amount will be given to the employee concerned. Even after reverting, if the bonus is due from the central government of the worker, in such a situation, the central government can ban his adhoc bonus.

The post Diwali Bonus: Big Update! Government issued notification regarding bonus of central employees, check details immediately first appeared on Rightsofemployees.com.