Rate of interest on various Small Savings Schemes for the second quarter of financial year 2020-21 (starting from 1st July ,2020 and ending on 30th September, 2020)
|AICPIN for the month May 2020|
|Annual increment while on leave 1st July 2020|
|7th Pay Commission Calculator 2021 – June vs July|
|Expected DA calculator July 2020|
|Dearness allowance news|
The rates of interest on various Small Savings Schemes for the second quarter of financial year 2020-21
AICPIN for the month May,2020 increased by 1 point and stood at 330 (three hundred and thirty). On 1-month percentage change, it increased by (+) 0.30 per cent between April and May, 2020 compared to (+) 0.64 per cent increase between corresponding months of previous year.
Clarifications have been sought by Divisions/Units in SWR from this Office regarding how the period of absence of staffs/officers from work place/HQ be treated in the context of nationwide lockdown during COVID-19 pandemic.
The new guidelines will come into effect from July 1, 2020, the process of phased re-opening of activities has been extended further.
The income tax rates prevailing in the financial year 2019-20 will continue to exist and the official has to choose between old rates and new rates for the purpose of monthly Income Tax recovery from pay and allowances.