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Wednesday, July 31, 2013

June CPI-IW up by 2pts at 231, DA to be 90% wef July, 2013

The Labour Bureau Government of India has today released the All-India Cconsumer Price Index for industrial workers (CPI-IW) for the month of June 2013. The index now stands at 231 up by three points from the previous month. With this all the 12 indices are available for the calculation for the Dearness Allowance for the Central Government Employees. Based on the calculation, it can be seen that the DA from the month of July 203 will be 90% - a hike of ...

IT filing returns deadline extended by 5 days to August 5

The Ministry of Finance today decided extended the last date for filing of income tax returns by five days to August 5 for this year. This might be a relief to many who have been struggling to meet the July 31 deadline for filing your annual tax The efiling site was slow at many locations due to the surge in the last minute filing....
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Engagement of Retired Central Government Officers as Consultants

The Department of Heavy Industry proposes to prepare a panel of officers of Central Government, who have retired from the Service or will be retiring in the next 3 months at Section Officers’ level in the Grade Pay of Rs. 4800/- & above, for engagement as Consultants against the vacancies at...

More than 82 Lakh Returns E-Filed till 29th July, 2013

Overwhelming Response for e-filing from Every Corner of the Country; More than 82 Lakh Returns E-Filed till 29th July, 2013 which is More than 40% of the Returns e-filed during the Same Period Last Year...
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9 tax saving options other than Section 80C

Tax deduction under section 80D qualifies for mediclaim policies. The premium, which is paid for medical insurance policy for self and family members to protect them from sudden medical expenses, comes under this section. The maximum amount allowed for exemption annually for self, spouse and dependent parents/children is Rs. 15,000. In case of a senior citizen, the maximum amount extends up ...
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Online transfer of PF accounts by August 15, 2013

Retirement fund body EPFO is likely to start online transfer of PF accounts on changing jobs by this Independence Day on August 15, a move that would benefit over 13 lakh such applicants every year....

Sunday, July 28, 2013

Relaxing the educational qualification for personal staff of Union Ministers

Relaxing the educational qualification for personal staff of Union Ministers...
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Govt to relax norms for PSU employees to join NPS

The government is considering relaxing norms to enable PSU employees to join the National Pension Scheme and a Cabinet note in this regard is likely to be moved soon, interim pension regulator PFRDA said on Wednesday....

Income Tax Return e-Filing - Do's & Don'ts

Impact of Errors made while filing returns
  • Returns can be classified as defective u/s 139 (9) and in some scenarios the return can be declared in valid / Non Est. ITD is not introducing this concept to cover certain types of errors in order to prevent future grievances....
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Clarification and Format of I-Card for pensioners

Clarification and Format of I-Card for pensioners...
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How to file I-T returns

It is that time of the year when you have to file tax returns. It can be done either online or offline. However, financial year 2012-13 onwards, online filing is mandatory for those earning more than Rs 5 lakh yearly. The process is simple. All you have to do is choose the relevant income tax return (ITR) form and fill it online....
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Finance Min may allow 5 pvt funds to manage pensions of govt staff

The Finance Ministry is considering a proposal to allow five private fund managers to manage pension corpus of government employees....
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Thursday, July 25, 2013

10 financial steps you must take before you retire

Do not put off today what you can not afford to do tomorrow. In spite of the world wide pension crisis and a growing acceptance that we must plan and save for our retirement, the harsh reality is we are actually not saving enough. Research reports reveal that only 15 per cent of the individuals are saving sufficiently for their retired life. Here are a few tips on things to do before you retire so that your retired life is more comfortable and enjoyable....

Family pension in absence of any valid nomination

In case of death of a pensioner, all money payable to the pensioner on account of pension are payable to the nominee of the deceased pensioner. In the absence of any valid nomination made by the pensioner, the arrears of his/her pension are paid to the legal heir. However, dependants of some pensioners expressed difficulties in obtaining the legal heir-ship certificates and represented that the necessity...
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Tuesday, July 23, 2013

Instructions on family pension for missing person

Family pension is payable to the family of a Government employee or pensioner after his death. Difficulties in payment arise when a Government Servant or pensioner goes missing. Clarificatory instructions have recently been issued by the Central Government for payment of benefits in such cases. ...

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Appointment of direct recruit Assistants, CSS based on CGLE, 2012

The undersigned is directed to nominate the successful candidates recommended by Staff Selection Commission based on the CGLE, 2012 to the various participating Ministries/Departments (Cadre Units) of Central Secretariat Service as detailed in Annexure....
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IT filing must for all salaried employees. No exemption this year.

Central Board of Direct Taxes (CBDT) has made it mandatory for salaried individuals earning up to Rs 5 lakh annually to file income tax returns. In the last two assessment years (2011-12 and 2012-13)...
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Railway : Dispensation of Written Test for recruitment of wards rider LARSGESS

The employees Federations have been demanding dispensation of Written Examination for recruitment of wards under LARSGESS for quite some time. The mater has been considered by the Board and it has been decided to dispense with Written Examination for recruitment of wards of Gangmen and the specified Safety categories ¡n GP Rs.1800/- as notified...
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Monday, July 22, 2013

Special IT return counters for salaried tax payers with income upto Rs. 5 lakh

The CBDT has, vide notification dated 1-05-2013, made E-filing of Return compulsory for Assessment Year 2013-14 for persons having total assessable income exceeding Five lakh rupees. ...
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Grant of Special Incentive Allowance for non-executive staff in CBI

In partial modification of this Department’s letter of even number dated 04.10.2011 and pursuant to Calcutta High Court’s order dated 28.02.2013 in Contempt Petition No 509/2012 in WPCT No 118/2008 filed by Shri Kishalay Mukherjee and Others, approval of the competent authority is hereby conveyed for payment of Special Incentive Allowance to Non-Executive Staffs in CBI @ 15% of Basic Pay w.e.f. 20.12.2006....
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IT Dept. Cadre Restructuring: Sanction for additional manpower

IT Dept. Cadre Restructuring: Sanction for additional manpower

Know about ELSS - one of the most potent tax saving options for the salaried class

This is what taxpayers must know about mutual fund equity-linked saving schemes

Why would you want to use other tax saving investments, when you can invest in mutual fund ELSS and optimise your tax saving?...

Award to the meritorious employees of DoPT

Shri V.Narayanasamy, Minister of State for Personnel, Public Grievances and Pensions presented “Certificate of Excellence” to thirty three employees of the Department of Personnel and Training for their services during the year 2012-13 in New Delhi...
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CBEC : Validity of Recruitment Rules

Department of Personnel and Training vide O.M. No.AB. 14017/79/2006-Estt. (RR) dated 06th September, 2007 has clarified that Recruitment Rules are statutory and they will not cease to operate unless they are repealed or replaced. Hence, there is no bar for making recruitment on the basis of existing Recruitment Rules...

Employee or Pensioners can seek family pension to disabled child


Simplification of pension process for permanently disabled children/siblings and dependent parents — instructions ...

Railway Medical Attendance Rules : Guidelines and ceiling limit for Liver Transplant Surgery

The issue of laying down uniform guidelines to be adopted for Liver Transplant Surgery of Railway Health beneficiaries has been engaging attention of Ministry of Railways for sometime. After careful consideration of the matter, it has been decided to stipulate the under mentioned guidelines for adoption in all cases of Liver Transplantation :-...
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Wednesday, July 17, 2013

Pension /Family Pension of JCO/ORs prior 01.01.2006 - PCDA clarification

PDAs are aware that as per this Office circular cited under reference, service pension in respect of JCOs/ORs discharged with qualifying service of 15 years and more will be revised by PDAs with reference to qualifying service, rank and group last held by the individuals as per tables attached with above cited circular....
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Tuesday, July 16, 2013

NMC appeals PM to announce 10% DA hike in next Cabinet Meeting

National Mazdoor Conference (NMC) today appealed to the Prime Minister to announce the pending installment of 10% DA due from July this month in favour of both central and state Govt, employees and pensioners at the next union cabinet meeting....

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IT Dept. Cadre Restructuring: DPCs shortly

I am directed to refer to the above cited subject and to state that as you are aware that consequent upon the approval of the Cabinet for additional Manpower for Income Tax Department, DPCs for filling up of vacancies are likely to be held shortly...
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Official Tour / LTC 80 tickets can now be procured thrugh IRCTC also

The government has decided to include IRCTC as an authorized for the purpose of booking air tickets on Government account. Accordingly, if the services of a travel agent for booking air tickets on Government account is to be availed of, in addition to BLCL and ATT, the services of IRCTC can also be availed of...
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Cochin Naval Base Civilian Workers Union approach Cabinet secretary the seventh pay commission, DA merger

The Cochin Naval Base Civilian Workers Union has approached the Union Cabinet secretary demanding that the seventh pay commission should be appointed soon. In a memorandum submitted to the Cabinet secretary through ...
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Thursday, July 11, 2013

Muslim railway employees allowed to leave the office early during Ramzan month

The railways have issued order which states that the muslim employees may be allowed to leave office early early during the Ramzan month...

Wednesday, July 10, 2013

After AIRF, the congress backed NIFR threatens indefinite strike for 7th Ppay Commission

As the government is gearing towards the lok saha elections, trade unions are not missing the advantageous timings. The railway unions are working towards bringing the railways to a halt in two to three months from now with the key demand for setting up the seventh Pay Commission....
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Proposal to allow full withdrawal from NPS on retirement

The Cabinet may discuss changes in the withdrawal rules for the New Pension Scheme (NPS) on July 11. The proposal is to permit a subscriber to withdraw his/her entire fund on retirement, if the amount is Rs 2 lakh or lower...

NMC seeks exemption of DA from income tax

National Mazdoor Conference (NMC) president Subash Shastri has sought total exemption of Dearness Allowance (DA) from the ambit of income tax as DA is directly linked with the price index....

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Salient aspects of the cadre restructuring proposals of Income Tax Department

Upgradation of CCIT level posts to Apex and HAG+ scales. Thus, all the existing CCsIT/DGs (plus one new post of DG) would be upgraded to these two levels. The posts in Apex scale (to be re-designated as Principal Chief Commissioner/Principal DG) will be as under:...
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Friday, July 5, 2013

25 Lakh CGEs to strike for Seventh Pay Commission after August

All India Railwaymen Federation, Confederation of Central Government Employees’ Association and All India Defence Employees Association have threatened to go on strike if the Centre fails to meet their charter of demands, including constitution of the Seventh Pay Commission.

Clarification on Railway Board’s letter dated 23/03/2012 on grant of one increment in pre-revised pay scale

Clarification on Railway Board’s letter dated 23/03/2012 on grant of one increment in pre-revised pay scale ...
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Tuesday, July 2, 2013

Postal Accounts Cadre Restructuring Proposal accepted

The AIPAEA (All India Postal Accounts Employees Association) has intimated through its official website that the proposal of cadre restructuring accepted by the Postal Board, the content of the post is reproduced here under for your information... 

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AIRF with CGE Associations plan to repeat 1974 post emergency strike

Unhappy with the government’s continued indifference to a slew of demands, the All India Railwaymen’s Federation (AIRF), one of the largest central government employees’ unions, has decided to start the process of calling an indefinite railways strike. And, if the ...
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