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A phishing email from LIC INDIA Social Connect claiming to provide Form 16 for FY 2025–26 is currently being circulated. 

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India’s Direct Tax Revolution: New Sections New Tax Slabs⁹

India’s Direct Tax Revolution: New Sections New Tax Slabs

India’s Direct Tax Revolution: New Sections New Tax Slabs The Income-tax Act, 2025 restructures India's direct tax framework by reducing sections, introducing new tax slabs, and consolidating TDS provisions. The reforms simplify compliance while largely retaining existing tax deduction thresholds and rates.

IRDAI Proposes Major Actuarial Rule Changes to Align with Insurance Law Amendments

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IRDAI Proposes Major Actuarial Rule Changes to Align with Insurance Law Amendments IRDAI's draft 2026 amendments overhaul actuarial governance, reporting, investment norms, and insurer compliance to align with the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025....

Old vs New Tax Regime: Complete Comparison of Deductions & Tax Benefits

Old vs New Tax Regime: Complete Comparison of Deductions & Tax Benefits

Old vs New Tax Regime: Complete Comparison of Deductions & Tax Benefits This guide compares the Old and New Tax Regimes, explaining differences in deductions, exemptions, home loan benefits, and standard deductions. It emphasizes that taxpayers should compare both regimes before filing their income tax return....

21st June,2026 Celebrating the 12th International Yoga Day! 🧘‍♂️✨

 

  

 
Celebrating the 12th International Yoga Day! 🧘‍♂️✨
Yoga is Bharat’s eternal gift to humanity. While its roots trace back to the eras of the Ramayana and Mahabharata, it was the great sage Maharishi Patanjali who beautifully codified these ancient practices into a structured philosophy for the world.
In 2014, this timeless wisdom achieved ultimate global recognition when the United Nations declared June 21st (the longest day of the year) as the International Day of Yoga.
Today, the entire world unites to embrace Yoga—not just as physical exercise, but as a profound science that nurtures us on three distinct levels:
Physically (Strength & Vitality) 💪
Mentally (Peace & Clarity) 🧠
Spiritually (Harmony & Balance) ✨
Let us celebrate this glorious heritage and embrace holistic health today and every day!
With best wishes for good health to all,
H K Aggarwal
Octogenarian 89+
Mohali Chandigarh

STATUS OF RTI ON OMOP BY SHRI C H MAHADEVAN

 

Enter Registration Number	LICOI/R/2019/51049
Name	C H Mahadevan
Received Date	15/11/2019
Public Authority	LIC Central Office: Mumbai
Status	REQUEST DISPOSED OF
Date of action	04/12/2019
Additional Payment	12
Reply :- Reply 1 The applicant is informed that the number of serving employees in the cadre of Chairman and Managing Director who were PF optees and in response to CO circular dated 24.4.2019 who applied for one more option for pension(OMOP) is as follows Chairman-1 and Managing Director-1 Reply 2 The applicant is informed that number of retired Chairmen,MDs who were PF optees and who have applied for OMOP is 1. Reply 3 The applicant is informed that number of employees in service and retirees who have submitted the option forms for OMOP is as follows Particulars No. of employees who opted for pension under LIC of India, (Employees) Pension (Amendment) Rules,2019 Serving employees 12260 Retired employees 2420 Reply 4 Certified copies (6 pages) of Income and Expenditure Statement and Balance Sheet of LIC Employees Pension Fund for the years ending 31.03.2017, 31.03.2018 and 31.03.2019 can be provided to the applicant after payment of necessary additional fees Rs 12 (6 pages at Rs. 2 each) as provided under section 7(3)(a) of RTI Act, 2005. The applicant is further hereby intimated as provided under section 7(3)(b) of the RTI Act, 2005 that, the CPIO reserves the right with respect to review the decision as to the amount of fees charged or the form of access provided, including the particulars of the appellate authority, time limit, process and any other forms. Reply 5 The applicant is informed that number of employees (cadre-wise) who retired during the Financial Year 2018-19 is not readily available with this Office of the Public Authority. However, in keeping with the spirit of RTI, the applicant is informed that number of employees (class-wise) who retired during the Financial Year 2018-19 is as follows number of employees (class-wise) who retired during the Financial Year 2018-19 Class I 1111 Class II 660 Class III 1378 Class IV 57 Reply 6 The applicant is informed that number of employees who died during the financial years 2017-18 and 2018-19 is as follows- Financial Year Number of employees who died 2017-18 370 2018-19 386 Reply 7 The applicant is informed that number of regular pensioners and family pensioners who died during the last three financial years 2016-17, 2017-18 and 2018-19 is not readily available with this Office of the Public Authority. Reply 8 The applicant is informed that as per the available records, the number of pensioners who got the benefit of upgradation in minimum pension as per directions of the Delhi High Court judgment dated 27.4.2017 is 2169. Reply 9 The applicant is informed that number of family pensioners out of 8 above who got the benefit of upgradation of minimum pension is not readily available with this Office of the Public Authority.

STATISTICS OF PENSIONERS FROM 31/3/2011 TO 31/3/2024 AS PER RTI INFORMATION OBTAINED

STATISTICS OF PENSIONERS FROM 31/3/2011 TO 31/3/2024 AS PER RTI INFORMATION OBTAINED

FY ending	No of Retiree- Pensioners	No of Family Pensioners	Total no of Pensioners
31-03-2011	30771	12272	43043
31-03-2012	30718	11090	41808
31-03-2013	32464	12335	44799
31-03-2014	33814	15244	49058
31-03-2015	34703	16105	50808
31-03-2016	34087	16758	50845
31-03-2017	34612	17879	52491
31-03-2018	35206	18314	53520
31-03-2019	36601	18992	55593
31-03-2020	39702	19902	59604
31-03-2021	43541	21527	65068
31-03-2022	45882	23240	69122
31-03-2023	50299	24290	74589
31/3/2024	53944	24485	78409
31/3/2025	58290	25061	83351
31/3/2026	62971	25834	88805
Compounded annual percentage increase over 15 years	4.89	5.09	4.95

NUMBER OF DEATHS OF RETIREES FROM 1995-96 to 2025-26(AS OBTAINED UNDER RTI ACT)

NUMBER OF DEATHS OF RETIREES FROM 1995-96 to 2025-26(AS OBTAINED UNDER RTI ACT)

Financial Year	Number of Retiree Pensioners who died ​		Financial Year	Number of Retiree Pensioners who died
1995-1996	77		2011-2012	521
1996-1997	126		2012-2013	503
1997-1998	139		2013-2014	581
1998-1999	178		2014-2015	624
1999-2000	178		2015-2016	596
2000-2001	177		2016-2017	717
2001-2002	230		2017-2018	767
2002-2003	252		2018-2019	808
2003-2004	272		2019-2020	854
2004-2005	301		2020-2021	1233
2005-2006	336		2021-2022	1545
2006-2007	330		2022-2023	935
2007-2008	367		2023-2024	1045
2008-2009	410		2024-25 (estimated)	1144
2009-2010	467		2025-26	1242
2010-2011	490
Total				17445
Average compounded annual percentage increase over 30 years				20.2%

PENSIONERS STATISTICS

Year Ending	Regular	Family	TOTAL	Inserv PenOptees
31-03-2018	35206	18314	53520
31-03-2019	36601	18992	55593
31-03-2020	39702	19902	59604
O M O P	1889	335	2224
31-03-2021	43541	21527	65068	88770
31-03-2022	45918	23540	69458	79511
31-03-2023	50299	24290	74589	73585
31-03-2024	53944	24465	78409	68500
31-03-2025	58290	25061	83351	61916
31-03-2026	62971	25834	88805	55695

BELAGAVI 18-06-2026

COMPILED BY C. T. JOSHI

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