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Friday, May 08, 2015

ANXIETY

Dear Editor,

Having waited for thirteen long years it is natural that pensioners have come out with their own interpretation about the court oral order and the conflicting interpretation given by Sarvashri Mehta and GN Sridharan. 

Who is correct will be known when the order comes in black and white.

What ever may be the interpretation it is beyond doubt that the DA anomaly has to go and say good bye to it.

However here again we have to wait and see whether the order mentions about the interest to be paid on the arrears.

If the interest is not to be paid the net amount we get out of the arrears after IT deduction will not be substantial for the IT rules say that whatever arrears of salary/pension received in the financial year (2015-2016) will be clubbed with the other income falling in the same financial year and taxed accordingly.

Regarding updation of pension let us wait for the written order.


R.K.Viswanathan