அனைவருக்கும் இதயம் கனிந்த குடியரசு தின நல்வாழ்த்துக்கள்

Thursday 9 April 2015

Guard against misuse of form 15G, 15H to save TDS

Getting a tax refund is a cumbersome task. Moreover, the I-T department is famous for delays and the wait sometimes is frustrating. That is why you are advised to plan your taxes at the beginning of the year--to avoid over payment and escape the refund process.

Two basic steps: submitting investment declaration with your employer on time and filling form 15G and 15H will save you from half the hassles. Investment declaration is more or less a straightforward exercise. However, you cannot randomly submit these two forms. There are rules and conditions you should be aware of.

According to the tax rules, if your interest income exceeds Rs 10,000 in a year, the bank should deduct a 10% tax at source, or TDS. If you do not furnish your PAN details, the TDS rate will be higher at 20%. However, you can submit a declaration Form 15G and 15H to avoid TDS on interest income. While Form 15G is for individuals below 60 years, HUFs and trusts, Form 15H is for individuals above 60 years of age.

Also, the above declaration can be submitted only by a person who is an Indian resident. So, NRIs cannot avail TDS exemptions. The rules, however, are not so simple and you need to know the intricacies of the law as the repercussion of wrong filing is stiff.

A false or wrong declaration in Form 15G attracts penalty under Section 277 of the Income Tax Act. "Prosecution includes imprisonment which may range from three months to two years along with fine. The term can be extended up to seven years and with fine, where tax sought to be evaded exceeds '25 lakh,' says Sudhir Kaushik, CA and CFO, Taxspanner.

Here are the points to check before you file for an exemption on TDS to avoid penalty.

Eligibility Criteria: The basic two conditions for filing 15G are -one, the final tax on his estimated total income computed as per the provisions of the Income Tax Act should be nil; and two, the aggregate of the interest (excluding interest earned on securities) received during the financial year should not exceed the basic exemption slab which is Rs 2.5 lakh. If these criteria are met, you may submit Form 15G and the entire interest income would be credited without any tax cut.

An important thing to note here is that you need to meet both the criteria. Meaning, even if the interest income is less than the basic exemption allowed during that financial year, if your if your total tax liability is not nil, you will not be eligible for Form 15G. The reverse is also true.

Say, your income is Rs 4 lakh, of which Rs 3 lakh is earned as interest from bank. You might invest Rs 1.5 lakh in PPF and be out of the tax net but you are not eligible for Form 15G as, though your tax liability is zero, the interest income is higher than the basic exemption. In such a situation, you have no choice but to take the refund route.


Form 15H can be only filed by individuals above 60 years of age or someone who or completes 60 years during the financial year. This form imposes only the first condition, that is, the final tax on the investor's estimated total income should be nil. So, if you are above 60, your taxable income for the financial year can be up to Rs 3 lakh for you to be eligible for 15H.For super senior citizens above 80 years, this limit is Rs 5 lakh.

Reverse Gear: If you are eligible, remember, the forms should be submitted at the beginning of the year so as to avoid a situation where the bank has already deducted the tax. Also, fresh forms are required to be filed each year as your income may differ from year to year. But what if your income estimate changes in the middle of the financial year after you submit the forms?

Say, at the beginning of the year your only income was `2 lakh interest earned from fixed deposits. Therefore, you submitted the form. During the financial year your income increased and now your estimated income is `5 lakh post deductions. Here, you will have to submit a simple 15 G withdrawal application to the bank mentioning the correct particulars and reason of change in the same.

"The bank should not have any issue in accepting a change in TDS deductions. In case the bank has some issue in accepting the withdrawal then you should deposit your additional tax liability by way of advance tax to ensure your tax compliance thus avoiding penalty," says Kaushik. Also, they have to be sub mitted at every bank branch where you have a deposit and had filed 15G.

Source : The Economic Times

LTC Claims – Need for observing prescribed procedures


G.I., Dept. of Pers. & Trg., O.M.F.No.31011/3/2015-Estt (A-IV), dated 01.04.2015

Subject:- LTC Claims – Need for observing prescribed procedures

This Department receives a large number of recommendations for relaxation of some or the other provision of the Central Civil Services (Leave Travel Concession) Rules, 1988, (hereinafter referred to as LTC Rules), in individual cases. It is seen that, in most cases the situation arises are due care had not been exercised by the Government servant and/or the administrative authority in claiming LTC or in examination.

2.The references mainly relate to:
a) Late submission of claims;

b) Booking of air tickets through an agency not authorized by the Government for this purpose;
c)Travel by private vehicles; and
d)Claims for wrong block of years.
3.In this connection it may please be noted that the primary responsibility for ensuring compliance with the rules is that of the Government servant. The of-repeated plea of ignorance of rules cannot be a valid ground for relaxation of rules. At the same time it has also been noticed that the administrative authorities have also shown laxity and due diligence on their part could have prevented such situations from arising.

4.Late Submission of Claim

4.1 In terms of Rules 14 and 15(vi) of LTC Rules, the time limit for submission of LTC claim is :

i) Within three months of completion of return journey, if no advance is drawn;
ii) Within one month of completion of return journey, if advance is drawn.

Powers have been delegated, as under, to the Ministries/Departments to relax these limits with the concurrence of the Financial Advisor.

a) Upto 6 months, if no advance is drawn;
b) Upto 3 months if advance is drawn, provided the Government servant refunds the entire amount of advance (not merely the unutilized portion) within 45 days of completion of return journey.

4.2 As per Rule 12(a) of the “Compendium of Rules on Advances to Government Servants”, it is the responsibility of the Head of Office to effect recovery of advances and also to see that the conditions attached to each advance are fulfilled. The Drawing and Disbursing Officer (DDO) is required to keep a watch on the advances and furnish monthly statements to the AP&AO. In addition, the DDO is also required to adjust all outstanding short term advances at the close of financial year.

5.Booking of air tickets through agents other than Government approved agents

5.1 Government servants travelling by air under LTC are required to book their tickets either directly from the airline or through the approved agencies viz: M/s Balmer Lawrie & Co. Ltd/ M/s Ashok Tours & Travels Ltd/IRCTC. Booking through any other agency is not permissible.

6. Travel by private vehicles.

6.1 As per LTC rules, a Government servant may travel only by vehicles operated by Central/State Government or local bodies or by any corporation in the public sector owned/controlled by Central/State Government. Journey on LTC by taxi, auto-rickshaw etc, are permissible only between places not connected by rail. This is further subject to the condition that these modes operate on a regular basis from point to point with the specific approval of the State Governments/transport authorities concerned and are authorized to ply as public carriers.

7. Claims for wrong block of years

7.1 Whenever a Government servant applies for LTC advance, the administrative authority is required to verify from the service book and certify the entitlement of the Government servant. Cases of the type mentioned in para 2(d) would not arise, if this is properly done.

8. LTC Rules also provide that a government servant who has been granted LTC Advance is required to submit copies of the tickets within 10 days of drawal of advance. The administrative authority can at this stage itself check the date of commencement of journey; whether ticket has been booked direct from airline or through approved agency etc. Any discrepancy can be brought to the notice of the government servant so that he can take remedial action, if needed.

9. Even in cases where advance is not drawn, the Government servant is required to give prior intimation of his intention to avail LTC. The administrative authority can check the details indicated especially w.r.t entitlement. A watch can also be kept to ensure timely submission of claims.

10. All Ministries/Departments are requested to bring the contents to this O.M. to the notice of all concerned. It may also be noted that requests for relaxation of rules shall be considered by this Department only if it is established that the deviation is due to reasons beyond the control of the Government servant and there has been no laxity on the part of the administrative authorities concerned.

Source : www.persmin.gov.in

Message from Hon'ble Ravi Shankar Prasad, Communication and Information Technology minister





Sukanya Samriddhi Yojana ( SSA ) scheme was launch by the hon'ble Prime Minister of India Shri Narendra Modi on 22nd January 2015. In a short span of just over 2 months the Post Offices across the country have opened 27,72,309 Sukanya Samriddhi Yojana accounts upto 31st March 2015. A total of Rs 310 Crores has been deposited in these accounts for the welfare of the girl child. Authorised Banks have together managed to open over 1.8 lakh accounts under this scheme. Well done IndiaPost. Keep it up

Tuesday 7 April 2015

STRIKE NOTICE SERVED TODAY BY POSTAL JCA ON 40 POINT CHARTER OF DEMANDS



CHARTER OF DEMANDS

1.   No Corporatization and privatization in Postal Services.
2. Inclusion of Gramin Dak Sevaks (GDS) in the terms of reference of Seventh Central Pay   Commission. Grant of Civil Servant status to GDS and grant of all benefits of departmental employees on pro-rata basis without any discrimination.
3. Revision of wages of Casual, Part-time, Contingent employees with effect from 01.01.2006 consequent on revision of wages of regular employees by Sixth Pay Commission and Regularisation of services.
4.  Grant of merger of 100% DA with pay with effect from 01.01.2014 for all purposes, including GDS.
5.  Grant of 25% pay as Interim Relief (IR) with effect from 01.01.2014 to all employees including GDS.
6.  Scrap the New Pension Scheme (NPS) and Include all employees recruited on or after 01.01.2004 under the old statutory pension scheme.
7. Remove 5% condition for compassionate appointment and grant appointment in all deserving cases as in the case of Railways. Remove the minimum 50 points condition for GDS compassionate appointment.
8.  Fill up all vacant posts in all cadres including MMS & GDS.
(a)    By direct recruitment
(b)   By holding DPC and granting promotions
(c)    By conducting departmental promotional examination.
9.   Implement Cadre Restructuring in Postal, RMS, MMS and Postal Accounts as per the proposal signed with the JCM (DC) staff side.
10. Settle MACP related issues.
(a)    Promotions accrued by passing departmental promotional examinations should not be counted towards MACP. Implement Jodhpur CAT Judgment.
(b)   Bench mark should not be made applicable to non-gazetted posts.
(c)    Stepping up of pay with junior should be allowed in MACP also.
(d)   Pay fixation on Promotional hierarchy and not Grade pay hierarchy
11. Settle issues relating to Postmaster Cadre officials.
(a)    Allow to write IP and PS Group ‘B’ examinations
(b)   Relaxation in service conditions for promotion from one grade to another, at par with general line promotions to identical posts.
(c)    Filling up of all PS Group ‘B’, PM Grade III and Grade II posts by eligible officials and till that time adhoc-promotion may be granted.
(d)   Other related issues such as filling up of 100% senior Postmaster/Chief Postmaster posts earmarked for PM cadre by PM cadre officials alone and maintainance of Circle Gradation list etc.
12. Reimburse full mileage allowance to system Administrators and fix duty hours and responsibilities of SAs. Create separate cadre for system Administrators.
13. Grant of Cash handling allowance to Treasurers in Post offices at par with cashiers in RMS & Administrative offices.
14. Counting of Special allowance granted to PO & RMS Accountants for pay fixation on promotions as the promotional post involves higher responsibilities.
15. Settle all issues related to IT Moderinisation Project – computerization, Core Banking Solution, Core Insurance Solution etc.
(a)    Replace out dated computers and peripherals with new ones.
(b)   Increase network capabilities and Bandwidth.
(c)    Set right the Users credential problems in leave arrangements etc.
(d)   Stop hasty “Go live” of CBS, CIS till cleansing of data pucca.
(e)   Provide all assistance and stop harassment in the Implementation of CBS & CIS
(f)      Grant enhanced financial powers to Head Postmasters
16. Prompt and regular holding of JCM, Departmental Council meeting, Periodical meeting with Secretary Department of Posts, Sports Board meeting and Welfare Board meeting. Ensure representation of recognised Federations in Sports Board and Welfare Board by calling for nominations.
17.  Ensure prompt and regular holding of JCM (Regional Council) meeting at Circle level, Formal Four monthly meeting with Chief PMG, Bi-monthly meeting at PMG/DPS HQ level and monthly meetings at Divisional level. Implement a monitoring mechanism at Directorate level to ensure conducting of Circle/Divisional level meetings at regular intervals.

18. Avoid abnormal delay in conducting Departmental promotion Committees (DPCs) at all levels and grant promotion to eligible officials.
19. ill up all vacant posts of Chief Postmasters General (CPMsG) Postmaster Generals (PMsG) and Director of Postal Services (DPS). At present, posts are remaining vacant for months together and additional charge/combined duty is ordered, which adversely affects the efficiency of the services and also delay in settling staff matters.
20. Notify canteen employees New Recruitment Rules and fill up all vacant posts in Departmental Canteens/Tiffin Rooms exempting the posts from the purview of downsizing order and reviving the posts abolished/kept vacant.
21. Ensure full protection of existing allowance (TRCA) of GDS employees and introduce Medical Reimbursement Scheme to GDS. Existing monthly emoluments (TRCA) drawn by the GDS should not be reduced under any circumstances. Revision of cash handling norms.
22. Ensure time bound and speedy disposal of all Rule – 9 cases and Review/Revision petition cases pending at Directorate level.
23. Allot sufficient funds and sanction all pending bills.
(a)    PLI/RPLI incentive bills
(b)   Medical Reimbursement Bills (ROHSC)
(c)    Tour TA bills
(d)   OTA Bills
24. Enhance overtime allowance rates at par with Railways.
25. (a)   All Circle offices/Regional offices/DPLI office, Kolkata must be allowed to function as Circle Processing Centres (CPCs) while implementing Core Insurance Solutions (CIS) through McCamish for steady growth of PLI/RPLI Business
(b) Stop diversion of 615 posts (576 posts of PAs from C.O.s and 39 posts of PAs from APS PLI CELL) ordered vide Department of Posts, Establishment Division No. 43-47/2013-PE-II dated the 9th June,2014.
(c)   Stop harassment and victimization of staff of Circle Administrative offices  in the name of decentralization of PLI/RPLI.
26. Stop ordering officials to work on Sundays and holidays in some Circles and also stop harassment of staff by Circle/Regional/Divisional heads. Eg. 1) Karnataka Circle 2) Delhi Circle.
27. Allot sufficient funds to circles for carrying out constructions, repairs and maintenance of Departmental buildings/Postal Staff quarters and RMS Rest houses.
28. Take stringent measures to eradicate corruption from Postal Department. Stern action should be taken against those committing frauds and corruption. Stop disciplinary action against innocent officials in the name of contributory negligence, instead of punishing the principal offender.
29. Fillup all vacant posts of Astt. Manager/Manager and Sr. Manager in MMS
30. Make substitute arrangement in all vacant Postmen and MTS Posts. Wherever GDS are not available, outsiders should be allowed to work as substitutes.
31. Modify the orders dated 22/5/1979 regarding existing time factor given for delivery of articles taking in to account the actual time required for door to door delivery.
32. Increase the percentage of PS Group ‘B’ Posts to General line in LDCE and allow all PACO/PA SBCO & SA also to write the examination.
33. Open more L1 offices as recommended by CPMsG Eg: Guntakal RMS in A.P Circle.
34. Powers for writing APARs of SBCO staff may be delegated to AO (SBCO) instead of Divisional heads and stop imposing the work of SB Branch on SBCO.
35. Prompt supply of good quality uniform and kit items and change of old specification.
36. Stop vindictive actions of GM (Finance) Postal Accounts Chennai. More than hundred Postal Accounts employees are charge sheeted. GM (Finance) even refused to heed the instructions of DDG (PAF).
37. Review of marks of JAO (P) Part-II examination held in December 2012 in r/o SC/ST candidates. As the exam was conducted on the basis of old Recruitment Rules i.e JAO and the said posts are Group ‘B’ (Non-Gazetted) review may be held.
38.  Creation of appropriate number of posts of Multi-Tasking Staff (MTS) in RMS after assessing the total work hours of the vacant GDSMM posts to mitigate the problems of the staff and RMS services.
39. Immediate notification of HSG-I Recruitment Rules and transferring of all IP line HSG-I posts to General line as already agreed in the JCM Departmental Council meeting.
40. Revise the Postmen/MG/MTS Recruitment Rules. Stop open market recruitment. Restore Seniority quota promotion.
    

Wednesday 1 April 2015

சுழல் மாறுதல் 2015 வழிகாட்டுதல்

சுழல் மாறுதல் 2015 வழிகாட்டுதல் --அஞ்சல் வாரியம் 30.03.2015 அன்று வெளியிட்டுள்ளது  

அதன்படி கோட்ட அதிகாரி -( competent authority ) ஆக செயல்படுவார் 
 
அண்டை கோட்ட SSP அல்லது SSRM  ஒரு உறுப்பினர் 


அந்தந்த கோட்ட அலுவலகத்தில் உள்ள ஒரு ASP ஒருவர் உறுப்பினர் 

இவர்களில் மூத்த அதிகாரி  இந்த கமிட்டியின் தலைவராக  

செயல்படுவார் 

தலைவர் மற்றும் உறுப்பினர்களை மண்டல அலுவலகம் நியமிக்கும் 

சேமிப்பு வங்கி வட்டி விகிதங்களில் மாற்றம் --செல்வமகள் சேமிப்பு திட்டம் 9.2 ஆக உயருகிறது

சேமிப்பு வங்கி வட்டி விகிதங்களில் மாற்றம் --செல்வமகள் சேமிப்பு திட்டம் 9.2 ஆக உயருகிறது .SCSS  9.3 ஆகவும் உயருகிறது 

SMALL SAVINGS SCHEMES INTEREST RATES wef 01.04.2015-- PIB NEWSGovernment Announces Interest Rates for Various Small Savings Schemes; 

Rates to Come Into Force with Effect from 01.04.2015
         
It was decided by the Government of India that interest rates on Small savings Schemes will be linked to yields on government securities of comparable maturity. In pursuance of that decision, the Government has decided to revise the rates applicable on various small savings schemes as given in the table below.

     Scheme
Rate of interest
w.e.f.01.04.2014
Rate of Interest
w.e.f. 01.04.2015
1.
2.
3.
 Savings Deposit
4.0
4.0
 1 Year Time Deposit
8.4
8.4
 2 Year Time Deposit
8.4
8.4
 3 Year Time Deposit
8.4
8.4
 5 Year Time Deposit
8.5
8.5
 5 Year Recurring Deposit
8.4
8.4
 5 Year SCSS
9.2
9.3
 5 Year MIS
8.4
8.4
 5 Year NSC
8.5
8.5
 10 Year NSC
8.8
8.8
 PPF
8.7
8.7
Kisan Vikas Patra
8.7
8.7
Sukanya Samriddhi Account Scheme
9.1
9.2