Sri. T. Ramaiah, ASP (R) O/o SSRM, Sorting Division, Hyderabad is retiring from Government Service on 31.05.2017 on superannuation.
Association wishes him a happy, healthy and peaceful retirement life.
Wednesday, 31 May 2017
Monday, 29 May 2017
Get ready to file your ITR: Deadline for employers to provide Form 16 is May 31
The
time has come for your employer to inform you about the taxes deducted
in the previous year i.e. for the financial year 2016-17. Each month,
the employer would have deducted tax at source (TDS) on your salary
income and deposited the same to the government.
The income tax Act
mandates everyone who deducts TDS to issue a certificate to the
individual. Under section 203 of the Income-tax Act, 1961, the employer
is mandated to issue Form 16 to the employees showing the total TDS on
income.
And this should happen
before the end of this month. Archit Gupta, founder & CEO
ClearTax.com informs, "The last date for the employers to share the form
16 with the employees is 31st May of the financial year
immediately following the financial year in which income tax was paid
and tax deducted." However, in case there is no TDS deducted, the
employer need not issue the TDS certificate in Form 16.
Budget 2016 gave few
extension in TDS submissions. "The due dates were extended for
submission of TDS Returns. But no extension has been announced for Form
16 yet. It must be kept in mind that an extension in the deadline for
employers to provide Form 16 will reduce the time available for filing
of returns for the salaried who rely on Form 16 to prepare their
returns", says Gupta.
Penalty for employer
It is compulsory for the employer to furnish Form 16 to the employee,
whether it is the present or any previous employer. "Under section 203
of the Income Tax act, 1961 read with rule 31 of the income tax rules
1962, it is mandatory to furnish." But, what if the employer fails to do
so? "Under section 272A (2) (g) of the Income Tax act, the employer is
liable to pay the penalty," says Gupta.
In case the employer has
not provided the Form 16 to the employee by May 31 and delays it, there
are penalties in place too. Gupta says, "If the employer fails to
furnish the form 16 within the due date, he is liable to pay a penalty
of Rs.100 per day of default till he issues the form. However, the
penalty will not exceed the amount of tax deductible."
What to do if not received
At times employees find it difficult to collect the Form 16 from
previous employers and sometimes even from the present ones. "The only
remedy in case employer refuse to issues Form 16 is to complain to the
concerned assessing officer in writing, who will take appropriate action
or initiate penalty proceedings against the employer. The employee,
however, has no other legal remedy against his employer in case he
refuses to issue the certificate except to intimate about such default
to the concerned assessing officer, who may take appropriate action or
initiate penalty proceedings against the employer."
What all is there in Form 16
Form 16 is a summary of the total amount paid to the employee and the TDS on it.
There are two parts in
Form 16- Part A and Part B. While the basic information of the employer
and employee, like name, address, PAN and TAN details, period of
employment with the employer, summary details of TDS deducted and
deposited with the government are captured in Part A, while Part B
includes Income chargeable under the head 'Salaries', any other income
reported by employee, the various deductions under Chapter VI-A such as
section 80C, Section 80D etc.
Lastly, it will carry
the figures for total income (earned during the previous year) and the
tax applicable to it. "Part A must be generated and downloaded through
Traces Portal. Part A of Form 16 also has a unique TDS Certificate
Number. Part B is prepared by the employer manually and issued along
with Part A," says Gupta.
Conclusion
In addition to the salary income, an employee may have other income too.
Once you have received the Form 16 but had not declared any other
income to the employer( and therefore no TDS was deducted on it), you
may show it while filing the income tax return, the last date for which
currently stands at 31st July.
Source : The Economic Times
Saturday, 27 May 2017
Applicability of Central Civil Services (Revised Pay) Rules, 2016 to persons re-employed in Government Service after retirement and whose pay is debitable to Civil Estimates/ Fixation of pay of State Govt.Employees on their appointment in Central Govt, subsequent to the implementation of CCS(Revised Pay) Rules,2016
Thursday, 25 May 2017
All you need to know about IFSC and MICR
IFSC stands for Indian Financial System Code. This is an 11 digit alpha-numeric code used to uniquely identify all bank branches within the National Electronic Funds Transfer) network by the RBI.
MICR code is a code printed using MICR (Magnetic Ink Character Recognition technology) on cheques to enable identification the cheques.
What is IFSC?
IFSC stands for Indian Financial System Code. It is a 11-digit alpha-numeric code that uniquely identifies a bank branch participating in any RBI regulated funds transfer system. The IFSC code helps to transfer money using RTGS, NEFT or IMPS method.
The first 4 digits of the IFSC represent the bank and last 6 characters represent the branch. The 5th character is zero.
What is MICR?
MICR is an acronym for Magnetic Ink Character Recognition which is a technology used in the banking industry in printing the MICR codes.
A MICR code is a 9-digit code that uniquely identifies a bank and a branch participating in an Electronic Clearing System (ECS). The first 3 digit of the code represents the city code, the middle ones represent the bank code and last 3 represents the branch code. One can locate the MICR code at the bottom of a cheque leaf, next to the cheque number. It is also normally printed on the first page of a bank savings account passbook.
What is the use of MICR Code?
MICR Code is used in the processing of cheques by machines. This code enables faster processing of cheques. One is required to mention the MICR code while filing up various financial transaction forms such as s investment forms or SIP form or forms for transfer of funds etc.
What is cheque number?
A cheque number is a 6-digit number uniquely assigned to each cheque leaf. It is written on the left-hand side at the bottom of the cheque. It is advisable to check i.e. count and check the number on each cheque leaf in a new cheque book when you receive it from the bank. This is to ensure that no cheque is missing from the cheque book.
Ideally, you should record the transaction you have used each cheque leaf for in the transaction record slip attached at the start or end of a cheque book. In this record, you should mention the cheque number, date of cheque, amount and payee.
Where is the MICR number on a cheque?
A MICR number on the cheque is written at the bottom of the cheque, on the right-hand side of the cheque number.
Source :The Economic Times
India Post Payment Bank to open in Bengaluru in June
South India’s first India Post Payment Bank (IPPB) will become functional in June on Museum Road in Bengaluru. It will be networked with 650 IPPB branches across the country.
The country’s first two branches of IPPB were opened in January, at Ranchi in Jharkhand and Raipur in Chhattisgarh.
The IPPB branches are to be established in different districts of the State by December 2017 in a phased manner. The aim is to have a branch in every district and make postmen come alive in payment bank function, according to Charles Lobo, chief postmaster general, Karnataka Circle, Bengaluru. The bank will not be involved in lending activities, unlike private or nationalised banks. It will primarily focus on products of financial inclusion and direct benefit transfer, Mr. Lobo said.
The IPPB will confine its activities to acceptance of demand deposits, remittance services, Internet banking and other specified services, primarily to cater to banking requirements of individuals and small businesses.
Passport Seva Kendras
Meanwhile, enthused by the success of a pilot project on utilising the post office as a Passport Seva Kendra in Mysuru, the Ministry of External Affairs has now decided to scale up this programme by opening such facilities in more head post offices in Karnataka.
To meet a long-standing demand of people, Passport Seva Kendras will become operational in head post offices in Belagavi, Davangere and Hassan in June. The MEA is also keen on opening seva kendras in other district post offices in the State where 1,000 sq.ft of space is available at the district post office, Mr. Lobo said. The MEA has proposed to open post office Passport Seva Kendras at 811 head post offices across the country by March 2018. As of now, the service is available in 42 post offices across India. Employees of Tata Consultancy Services (TCS) and India Post together provide service in these kendras.
At present, the people of these districts have to visit Bengaluru to submit their applications; and the offices are often overcrowded. Mr. Lobo said some senior officials of the passport office in Bengaluru would be deputed for a few days to train officials of the Postal Department on how to examine and process passport applications. The service centre will process, verify and send applications to the main passport office located in Bengaluru.
The Passport Seva Kendra at the post office in Metagalli, Mysuru, caters to the needs of Mysuru, Chamarajanagar, Kodagu and Mandya districts. Mysuru sees heavy international passenger traffic and is the second largest IT centre in the State.
Tuesday, 23 May 2017
IPO coaching camp arranged at Madurai
2017 – SECOND COACHING CLASS FOR IPO EXAMINATION AT MADURAI (TAMILNADU CIRCLE) FOR EIGHT DAYS FROM 04.06.2017 (SUNDAY) TO 11.06.2017 (SUNDAY) FOR ALL SUBJECTS
Shri. M.Bakthavatchalam. M.A. B.L., Senior Supdt. of Post Offices (Retired) and Shri. P.Karunanithy, Supdt. of Pos (Retired) will conduct Coaching class for eight days for ensuing IPO examination at Madurai as detailed below:
Venue
|
Tamilnadu Government Employees Association building No. 11, Mela Perumal Maistry Veethi, Near Chennai Silks and opposite to Park Plaza Hotel, opposite Railway station, Madurai 625 001
|
Eight days classes
|
04.06.2017 (Sunday) to 11.06.2017 (Sunday)
|
First session is going on at Madurai. Many candidates from Maharashtra, Kerala, Andra Pradesh, Telangana, Karnataka and Tamil Nadu are attending the class. RMS Candidates are also attending the coaching class.
1. Coaching classes will be conducted from 0930 hours to 1730 hours.
2. Special classes will be conducted for RMS Candidates in the morning 0830 hours to 930 hours regarding postal side basic matters.
3. Study materials can be obtained in the coaching class.
4. Fees: Rs. 500/- (Five hundred only) per day.
5. Coaching classes are conducted in English only. IPO candidates from neighbouring Circles may also participate.
6. Male and female officers may stay in Hotel Grands Central, No. 82, Mela Perumal Maistry Veethi, Near Chennai Silks, opposite to Railway Station Madurai 625 001. (Contact number: 0452 2343940 and Mobile No. 90431 33312). Concessional rate for postal staff Rent for Double Bedroom per day is Rs. 600/-. There is no separate single room. We have to book only double bedroom This lodge is very nearer to our coaching class.
7. Another lodge is available for male candidates as detailed below:
LODGE SELECTION, No. 70, Town Hall Road, opposite to Railway Station
Madurai 625 001.
(Contact number: 0452 2342625 and 0452 4377087).
Rent for Single Bedroom per day is Rs. 320/-.
Rent for Double Bedroom per day is Rs. 420/-.
Rent for Triple Bedroom per day is Rs. 520/-. This lodge is also very nearer to our coaching class.
7. Please bring the following books which are under the serial numbers of my list of books for IPO Examination.
Sl No. 1,4,5,6,10, 11,14, 14-A,17,18,19,21 and 22.
Important note: Willing officials are requested to send a SMS to Cell No: 094433 29681 regarding their participation in the coaching class. This is very much required for making other arrangements.
|
For further details, please contact :
Shri. P.Karunanithy,B.Sc., Retired SPOs : Cell number : 094433 29681 and
Shri. M.Bakthavatsalam. M.A. B.L., Retired SSPOs Cell number: 075984 81056
Central employees to get revised allowances soon
It is reported from sources that the revised allowances to be presented before cabinet for it's approval likely soon, probably by next week. Cabinet may approve it on Wednesday, the 31st. (If not earlier, of course !)
It is also reported that "Allowance Committee" did not suggest any major change in seventh CPC recommendation. It is going to be retained as 24%, 16% and 8% of new basic pay. Only minor changes, details of which are not available with the sources may be effected in the order.
Regarding date of effect, it is most likely that allowances will be revised with retrospective effect from 01.07.2016.
So, let's keep finger crossed !
source: Chq
Sunday, 21 May 2017
Holding regular meetings with representatives of recognized staff associations: Min of Finance
F.No. C-30013/06/2012-AD-IV-A Vol.II
Government of India
Ministry of Finance
Department of Revenue
New Delhi the 16th May, 2017
To
All Principal Chief Commissioner/Chief Commissioners/Director General
Customs and Central Excise/Directorate under Central Board of Excise and
Customs.
Subject: Holding regular meetings with representatives of recognized staff associations.
Sir,
I am directed to say that instructions have been issued by the Board
from time to time, emphasizing the importance of an effective grievance
redressal mechanism involving regular interaction with staff association
in the field formulations.
2. The extant instructions of the Dept.. of Personnel & Training on
Joint Consultative Machinery (JCM) also provide for periodical meetings
of Office Councils in the field formation, on regular basis. However,
the staff association, in their representations to the Board, have
agitated the issue of grievances redressal mechanism not functioning
effectively in the field formations.
3. It is reiterated that an effective grievance rederssal mechanism is
an essential pre-requisite for maintaining harmonious employer-employee
relations and for boosting the morale and motivation levels of the staf
at all times. It is accordingly reiterated that the Heads of
Departments/Cadre Controlling Authorities at Zonal/Commissionerate
levels may ensure that meeting with recognized staff associations are
convened effectively at regular intervals, both under the JCM format and
otherwise, for redressing their grievances.
4. In the recent instruction, It was decided henceforth, that a
quarterly meeting will be held under the Chairmanship of Member(A) with
all recognized associations, to discuss the Departments/Cadre
Controlling Authorities were directed to furnish the Action Taken Report
of meeting held at Zonal Level to Board at quarter ending of the year
i.e. March, June, September and December.
5. Since, no Action Taken Reports have been received from any HoD, it
is, therefore, requested to furnish the same by 20.05.2017 for the
quarter ending March, 2017, so that meeting with all Association could
be done.
Yours faithfully,
(B. Ginkhan Mang)
Under Secretary to the Govt. of India
Saturday, 20 May 2017
Tuesday, 16 May 2017
Friday, 12 May 2017
How to Pay Postal Life Insurance (PLI) Premium Online @indiapost.gov.in
India Post is giving Online Payment facility for Postal Life Insurance
Premium | Now you can pay PLI Premium Online at http://indiapost.gov.in |
Postal Insurance Customers can pay their Monthly/Quarterly/Half Yearly
Premium for PLI Online by using Debit Card/ Credit Cad/ Net Banking|
Step by Step Process to Pay PLI Premium Online
how-to-pay-pli-postal-life-insurance-premium-online
How to Pay PLI - Postal Life Insurance Premium Online @indiapost.gov.in
How to Pay PLI Premium Online @indiapost.gov.in-Step by Step Process
Click here to Register Online
source: SA Post
How to Pay PLI - Postal Life Insurance Premium Online @indiapost.gov.in
How to Pay PLI Premium Online @indiapost.gov.in-Step by Step Process
1.
Visit Postal Department Official Website www.indiapost.gov.in
2.
Go to POstal Life Insurance
3.
Click on Customer Login
4.
Click on Generate Customer Id
5.
Submit your Policy Details along withyour Mobile Number and Enail
ID
6.
Customer ID and Link will be sent to your Mail within 24 hours
7.
Click on the Link sent to your Mail ID and set Password
8.
With that Customer ID and Password you can Pay PLI Premium Online
by using Debit/ Credit/ Net Banking
Click here to Register Online
source: SA Post
Four monthly items will be discussed today i.e 12.05.2017
Old Items:
1. Allotment
of TA funds to all the divisions in the Circle as TA bills are pending since Three years in all
most all the divisions.
New
items:
1. Payment
of Net Balance of Rs.500/- to all IP/ASP in the circle for usage of internet through mobiles.
2. Supply
of new Laptops to all the IP/ASP in the TS circle in place of existing Laptops which were supplied during
in the year 2009.
3. Irregular
transfers in the cadre of ASP in Hyderabad Headquarters Region vide memo No.
ST/92-1/ASP/HQR/2017 dated 27.03.2017 without observing station/post tenure,
for instance Sri. D. Sathaih, ASP West sub division not completed two year period in the present place though he was transferred
without calling his place of choice into sub division.
4. Consideration
of requests of ASPs from one Region to
another Region while allotments of ASP
on promotion from IP to ASP cadre.
5. Providing
required training on RICT and CSI.
Thursday, 11 May 2017
FACILITIES AVAILABLE IN ARMY POSTAL SERVICE FOR GROUP ‘A’ & ‘B’ OFFICERS WHO ARE ON DEPUTATION TO APS
To view please click here
Wednesday, 10 May 2017
Tuesday, 9 May 2017
Saturday, 6 May 2017
Friday, 5 May 2017
7th Pay Commission Allowances: Here Are Some Latest Developments
The 7th pay
commission had recommended that house rent allowance or HRA be paid at the rate
of 24 per cent, 16 per cent and 8 per cent of the new basic pay, depending on
the type of city.
The allowance
committee report is being currently examined by the Department of Expenditure
An employee union
leader said the Empowered Committee of Secretaries (E-CoS) may take 2-3 weeks
to screen the allowance committee report on 7th pay commission recommendations.
The Empowered Committee of Secretaries will then firm up the proposal for
approval of the Cabinet. The employee union leader earlier this week met top
government officials where he was told about the tentative time to be taken by
the Empowered Committee of Secretaries on screening the allowance committee
report on 7th pay commission recommendations. The Ashok Lavasa committee on
allowances, which examined the 7th pay commission's recommendations on
allowances, submitted its report to the finance minister on April 27.
The allowance
committee has suggested some modifications in some allowances that are
applicable universally to all employees as well as certain other allowances
which apply to specific employee categories, the finance ministry said
in a statement. The allowance committee report is being currently examined by
the Department of Expenditure. Once that is done, it will be placed before the
Empowered Committee of Secretaries (E-CoS) set up to screen the 7th pay commission
recommendations and to firm up the proposal for approval of the Cabinet. The
employee union official said that the allowance report will be soon taken up by
the Empowered Committee of Secretaries.
The 7th pay
commission had recommended that house rent allowance or HRA be paid
at the rate of 24 per cent, 16 per cent and 8 per cent of the new basic pay, depending
on the type of city. The 7th pay commission had also recommended that the rate
of HRA be revised to 27 per cent, 18 per cent and 9 per cent when DA crosses 50
per cent, and further revised to 30 per cent, 20 per cent and 10 per cent when
DA crosses 100 per cent. With regard to allowances, employee unions have
demanded HRA at the rate of 30 per cent, 20 per cent and 10 per cent. (Also
read: House rent allowance
claims under scrutiny. How to avoid rejection)
The 7th pay
commission had recommended that of a total of 196 allowances, 52 be abolished
altogether and 36 be abolished as separate identities by subsuming them in
another allowance.
The Cabinet on
Wednesday approved modification in recommendations of the 7th pay commission
relating to the method of revision of pension of pre-2016 pensioners
and family pensioners based on recommendations of a high-level panel. The
decision will benefit over 55 lakh pre-2016 civil and defence pensioners and
family pensioners.
source: NDTV Profit
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