7th Pay Commission Pay Matrix Table for Central Government Employees

News About 7th Pay Commission Pay

• Is there a Need for Overhauling the Current Income Tax Rules?

  Narendra Modi, the Prime Minister of India, recently addressed a conference of Income Tax Commissioners and stated that an overhaul of the current income tax structure was needed. The reason for suggesting the overhaul was that the current rules are more than 50 years old and are outdated with the current economic environment. Tax authorities are now working towards drafting a new income tax law. By overhauling the current laws, it is reported that it will be easier for the authorities to catch tax evaders, and that it will be easier to meet compliance.

  6 November 2017

• Eight Lakh Academic Professionals Will See Nearly 28% Increase in Pay Scale

  The pay scale for around eight lakh academic staff including teachers who work in higher educational institutions will be increased by nearly 28% after the hike was approved by Prime Minister Narendra Modi who is also the chairman of the Union Cabinet. According to the cabinet, “The measures proposed in the revised pay structure are expected to improve quality of higher education and also attract and retain talent.” After revisions, the entry pay growth registered would be between 22% and 28% for these professionals. The decision is expected to benefit around 7.58 lakh teachers in 106 colleges / universities funded by the UGC/MHRD. Also benefitting from the hike will be academic staff working at 329 universities funded by state governments and 12,912 private and government aided colleges that are affiliated to state public universities.

  

  26 October 2017