Members' remuneration amendment: periodic cost-inflation indexing for salaries, pensions and travel allowances enacted to take effect prospectively. Amendments increase base salaries and pensions for Members of Parliament and introduce a quinquennial revision mechanism linking future increases in salary, daily allowance, pension and additional pension to the Cost Inflation Index under the Income-tax Act; travel allowance rules are modified to remove certain rail reimbursement entitlements and to specify air and steamer fare reimbursement; a textual reference in the family pension provision to a prior amendment Act is removed and deemed omitted retrospectively.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Members' remuneration amendment: periodic cost-inflation indexing for salaries, pensions and travel allowances enacted to take effect prospectively.
Amendments increase base salaries and pensions for Members of Parliament and introduce a quinquennial revision mechanism linking future increases in salary, daily allowance, pension and additional pension to the Cost Inflation Index under the Income-tax Act; travel allowance rules are modified to remove certain rail reimbursement entitlements and to specify air and steamer fare reimbursement; a textual reference in the family pension provision to a prior amendment Act is removed and deemed omitted retrospectively.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
