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Tag: 10th Bipartite
Income Tax

10th Bipartite Arrears Tax Relief Calculator

10th Bipartite Arrears Tax Relief Calculator  - Salary Arrears Relief Calculator For FY 2015-16  for Bank Employees who have been paid salary arrears as per the 10th Bipartite settlement. Income Tax relief have been calculated based on the provision of Income Tax section under 89(1) . As per the Income Tax Relief under chapter VIII (Rebates and Reliefs) of the income-tax Act, if salary paid in arrears or advance in a financial year due to which total income for the year...

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Wage Revision

10th Bipartite Introduction of Grade Pay System

10th Bipartite Introduction of Grade Pay System for Bank's employees. In the 10th Bipartite Settlement between IBA and Bank's Employees Union signed on 23rd Feb, Introduction of Grade Pay system was discussed. After two months of signing the agreement there is no formal knowing of Grade Pay system, it's structures etc. Although there is no formal talk on this but we assume that the Grade Pay will be fixed in nature added to salary without Dearness Allowance. This will be...

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