Sunday, February 26, 2012

Feedback on Draft Postal Policy

Kindly register your Feedback on draft National Postal Policy in India Post Website , which can be viewed through the following link.
http://www.indiapost.gov.in/Postal_Policy/

Tuesday, February 21, 2012

Central DA from January 2012 is 7%

With the availability of All-India Average Consumer Price Index Numbers for Industrial Workers from July to November 2011, It is almost certain that Central workers are going to get another 7% D.A. from January 2012.
The Index No.s from July to November is given below for ready reference.
193 194 197 198 199
If the Index No. is in between 192 and 204 for he month of December 2011[Data to be published by Labour Bureau on 31.01.2012], the Dearness Allowance will be same - 7%
So all probabilities keeping in mind it can be safely predicted that D.A. from January 2012 will be 65% of pay.
Source : http://paycommissionupdate.blogspot.com

Classification of cities for HRA

'X' Cities - 30% HRA

States
Cities Classified as "X"
Andhra Pradesh
Hyderabad (UA)
Delhi
Delhi (UA)
Karnataka
Bangaluru (UA)
Mahrashtra
Greater Mumbai (UA)
Tamilnadu
Chennai (UA)
West Bengal
Kolkatta (UA)
'Y' Cities - 20% HRA
States
Cities Classified as "Y"
Andhra Pradesh
Vijayawada (UA, Warangal, (UA), Vishkhapatnam (UA), Guntur
Assam
Guwahati (UA)
Bihar
Patna (UA)
Chandigarh
Chandigarh
Chattisgarh
Durg-Bhilai Nagar (UA), Raipur (UA)
Gujarat
Ahmedabad (UA), Rajkot (UA), Jamnagar (UA), Bhavnagar (UA), Vadodara (UA), Surat (UA)
Haryana
Faridabad*
Jammu & Kashmir
Srinagar (UA), Jammu (UA)
Jharkhand
Jamshedpur (UA), Dhanbad (UA), Ranchi (UA)
Karnataka
Belgaum (UA), Hubli-Dharwad, Mangalore (UA), Mysore (UA)
Kerala
Kozhikode (UA), Kochi (UA), Thiruvananthapuram (UA)
Madhya Pradesh
Gwalior (UA), Indore (UA), Bhopal (UA), Jabalpur (UA)
Maharashtra
Amravati, Nagpur (UA), Aurangabad (UA), Nashik (UA), Bhiwandi (UA), Pune (UA), Solapur, Kolhapur (UA)
Orissa
Cuttack (UA), Bhubaneswar (UA)
Punjab
Amritsar (UA), Jalandhar (UA), Ludihiana
Pondicherry
Pondicherry (UA)
Rajasthan
Bikaner, Jaipur, Jodhpur (UA), Kota (UA)
Tamilnadu
Salem (UA), Tiruppur (UA), Coimbatore (UA), Madurai (UA)
Uttarkhand
Dehradun (UA)
Uttar Pradesh
Moradabad, Meerut (UA), Ghaziabad*, Aligarh, Agra (Ua), Bareilly (UA), Lucknow (UA), Kanpur (UA), Allahabad (UA), Gorakhpur, Varanasi (UA)
West Bengal
Asansol (UA)

only for the purpose of extending HRA on the basis of dependency
Remaining cities/towns which are not covered under "X" or "Y" are classified as "Z" for the purpose of HRA.

Approximate Arrear for the loss of one increment

The approximate arrear amount calculation has been made for the loss of one increment in pre-revised scale, for those date of increment falls between Feb-Jun. The table express the total amount of arrear from 1.1.2006 according to the increment amount. 

This is the general calculation for all Central Government employees, not included the Overtime, Incentive and other benefits. 


Increment
HRA
-
10%
20%
30%
75-(3050 - 4590)
16,000
17,000
18,000
100-(4000 - 6000)
20,000
22,000
24,000
125-(4500 - 7000)
26,000
28,000
30,000
150-(5000 - 8000)
31,000
33,000
36,000
175-(5500 - 9000)
36,000
40,000
42,000
200-(6000 - 9500)
42,000
45,000
48,000

Courtesy: CGServants.in

Sad Demise of Sri Abhaya Kumar Acharya, MTS Cuttack

Sri Abhaya Kumar Acharya, MTS HRO Cuttack has expired on 15.02.2012 due to prolonged illness. His soul may rest in peace.

Tuesday, February 7, 2012

Income Tax on salaries



INCOME TAX ON SALARIES – FINANCIAL YEAR 2011-12
(ASSESSMENT YEAR 2012-13)

Notification No. 36/2011 F. NO. 142/09/2011 (TPL), Dated 23-6-2011 issued by Income tax department exempts Tax payers in the salaried class from filing Income tax return if the tax payer's salary income and interest received from bank not exceeding Rs.10,000/- both put together did not exceed Rs.5,00,000
during the financial year 2011-12 (Assessment year 2012-13).

As per the Finance Act, 2011, income-tax is required to be deducted under Section 192 of the Income-tax Act 1961 from income chargeable under the head "Salaries" for the financial year 2011-2012 (i.e. Assessment Year 2012-2013) at the following rates: Read More

India Post Cricket Cup

3rd India Post Cricket Cup
 
1. Department of Posts launched an Inter Institutional Cricket Tournament: India Post Cricket Cup, in the year 2010. The tournament is played under the aegis of the Board of Control for Cricket in India (BCCI) in terms of their rules and regulations.
 
2. The first edition of the tournament was played at Kolkata in January 2010 in which, besides India Post, teams from Services (combined), Air India, Central Revenues, BSNL and Cricket Association of Bengal (CAB) participated. The tournament was won by BSNL. The second edition of the tournament took place in Chennai in June 2011. Here also six teams participated: RBI came in place of Cricket Association of Bengal (CAB) and Indian Income Tax participated in lieu of Central Revenue. The winner in 2011 was Services (combined). India Post Cricket Cup 2012 is scheduled to be held again at Kolkata from 6th February to 10th February 2012 where the following six teams will participate:
 
1. India Post

2. Services (combined)

3. Indian Income Tax

4. Comptroller & Auditor General

5. Customs & Central Excise

6. BSNL
 
3. The tournament provides for Rs.25,000/- for each participating team and Rs.1,00,000/- and Rs.50,000/- for Winning and Runner Up teams respectively. Besides, there is a provision for Man of the Match (Rs.5,000/-) and Man of the Series (Rs.10,000/-) awards.
 
4. Department of Posts has been the only Central Government Department which has been able to organize such a tournament and it has been very well taken by all the participating teams and by the Sports Community. We have a number of requests pending from various Departments of the Central /State Governments/PSUs to participate in the tournament. The participating teams have players of high standard and a number of them are playing Ranji Trophy for their States.