12th Bipartite Settlement News

Know the steps to calculate and get the Income tax benefit on arrears payment using 89 (1) Relief Calculator in Excel – Every time whenever the bipartite arrears of salary or allowances are paid, the Income tax is deducted in the current financial ye…

The Minutes of Meeting Between IBA Vs UFBU for settling the Residual Issues of 11th Bipartite Settlement. The meeting was held on 04th Jan 2021 at Mumbai and chaired by IBA chairman. Also Read -  Check - Whether the Credited Arrears by Your Bank, Corr…

Public Sector Bank of Baroda has announced that the arrears for their employees as per 11th Bipartite Wage settlement will be paid on 11th of Jan 2021.  11th BPS Revised Salary Implementation in Bank of Baroda Public Sector Bank of Baroda  has issue…

Indian Banks' Association (IBA) has given its approval to the management of the Public Sector Banks to make payment to their employees as per the settlement terms of 11th BPS, which was signed on 11th Nov 2020. The permission letter also permitte…

Ministry of Finance, Department of Financial Services had approved the 11th Bipartite Wage Settlement and give the Non Objection on behalf of the Government to Public Sector Banks to make arrears and revised salary payment to existing employees.  The…

Preparation for payment of 11th Bipartite Arrear is almost finished in many of the banks and Indian Overseas bank (IOB) has shared the calculation sheet with employees also. It is believed that the Government permission will be approved by this week …