Home Blog Page 112

Income Tax payable on the contribution in a PF account exceeding Rs. 5 lakh per annum w.e.f financial year 2021-22: CGA

By
igeadmin
-

Income Tax payable on the contribution in a PF account exceeding Rs. 5 lakh per annum w.e.f financial year 2021-22

TA-3-07001/7/2021-TA-III-Part (1)/cs-8084/81
Ministry of Finance
Department of Expenditure
O/o Controller General of Accounts,
GPO Complex, E-Block, INA New Delhi.

Dated: 04.03.2022

OFFICE MEMORANDUM

Subject: Income Tax payable on the contribution in a PF account exceeding Rs. 5 lakh per annum w.e.f financial year 2021-22-reg.

Reference is invited to Department of Revenue Notification dated 31st August, 2021 and this office OM dated 25.02.2022 on the above cited subject.

2. In this regard, necessary amendments for maintaining GPF accounts have been made in Chapter 6 of Civil Accounts Manual (CAM). In accordance with the provisions contained in CAM, PAO will ensure to issue annual GPF statement in the revised format to subscribers through DDO soon after the 31st March of each year as per GPF Rules.

3. In view of the provision of the IT Act 1961 as amended, the GPF subscribers may be advised to take into account their income tax liability arising on account of interest accrued during the previous year on his taxable contributions/accumulations and deposit Advance Income Tax at applicable rates directly without waiting for the annual GPF statement issued by concerned DDO/PAO. In order to capture taxable GPF interest amount by DDO, PFMS have also developed necessary functionality. The requisite information to compute GPF interest is also available with individual concern in terms of annual statement of previous year and details of subscriptions and refund through monthly pay slip. In case of any difficulty being faced by subscribers, interest calculation on this account may be got it checked from PAO.

Also Read:ย Calculation of Income Tax on Interest of GPF: CGDA

4. All Pr. CCAs/CCAs/CAs (IC) of Ministries/Departments are requested to advise their PAOs to extend assistance to subscribers, if required, so as to facilitate them to be able to deposit income tax by due date.

(Ashish Kumar Singh)
Dy. Controller General of Accounts

Follow us on Telegram Channel, Twitter and Facebook for all the latest updates

Modification of instructions regarding Air Travel on Government Account: Railway Board

By
igeadmin
-

Modification of instructions regarding Air Travel on Government Account

GOVERNMENT OF INDIA (เคญเคพเคฐเคค เคธเคฐเค•เคพเคฐ)
MINISTRY OF RAILWAYS (เคฐเฅ‡เคฒ เคฎเค‚เคคเฅเคฐเคพเคฒเคฏ)
RAILWAY BOARD (เคฐเฅ‡เคฒเคตเฅ‡ เคฌเฅ‹เคฐเฅเคก)

RBE N0.25/2022

No. F(E)1/2022/AL-28/1

New Delhi, dated 07.03.2022

The General Managers,
AT Indian Railways / PUs etc.
(As per Standard Mailing List).

Sub: Modification of instructions regarding Air Travel on Government Account.

Ref: Boardโ€™s letter of even number dated 11.01.2022.

Reference is invited to Boardโ€™s. letter of even number dated 11.01.2022 regarding booking of air ticket on Government account through three authorized agencies viz. Balmer Lawrie & Company Ltd.(BLCL), Ashok Travels & Tours (ATT) and Indian Railway Catering & Tourism Corporation Ltd. (IRCTC), after disinvestment of Air India. It is, now, clarified that air travel on Government account both Domestic (including LTC) and International travel can be made by private airlines. However, the tickets shall be. purchased only through the above three authorized agents.

Also Read: Finmin Clarification on booking of air tickets by private airlines in view of the disinvestment of Air India

Other terms & conditions mentioned in Boardโ€™s above referred letter dated 11.01.2022 will remain unchanged.

Jitendra Kumar
Dy. Director Finance (Estt.)I
Railway Board.
Tele No. 011-23047023
Email ID- jitendrak. rb[at]gov.in
4th Floor, Room No.445

Follow us on Telegram Channel, Twitter and Facebook for all the latest updates

Committee for demands/grievances of subscribers under NPS

By
igeguest
-

Constitute a Committee to look into the demands/grievances of the subscribers covered under the National Pension Scheme

Government of Himachal Pradesh
Finance (Pension) Departmcnt

No. Fin(Pen)A(1)-3/2021 Shimla-2 Dated : 02.03.2022

Notification

In continuation of this department’s notification of even number dated 11.12.2021, the Governor of Himachal Pradesh is pleased to order composition of the Committee as under:-

I. Chief Secretary, – Chairman
Government of Himachal Pradesh

  1. Additional Chief Secretary/ Principal Secretary/
    Secretary (Personnel) to the Government of Himachal – Member
    Pradesh
  2. Additional Chief Secretary/ Principal Secretary/
    Secretary (Finance) to the Government of Himachal – Member
    Pradesh
  3. Special Secy. (Fin-Pen) to the Government of – Member Secretary
    Himachal Pradesh

The terms of reference of the Committee wiII be as under:-

  1. The Committee shall look into the demands/ grievances of subscribers/Government employees recruited on or after 15 .05.2003 into the regular Government Service and covered under the New Pension System (NPS).
  2. The Committee may consult and interact with various stakeholders to have the opinion about their experiences and to assess the financial liability on the State Government, if the Old Pension Scheme is restored.
  3. To submit suggestions on other matters that the Committee feels relevant in the contest of reviewing the New Pension System.
  4. The Committee may co-opt as many members, officials and non officials, as it deems fit.

By Order,
Prabodh Saxena
Addl. Chief Secretary (Finance) to
Government of Himachal Pradesh

Signed CopyDownload

Grant of Non Practicing Allowance (NPA) – Himachal Pradesh G.O

By
igeguest
-

Grant of Non Practicing Allowance (NPA) – Himachal Pradesh G.O

GOVERNMENT OF HIMACHAL PRADESH
FINANCE (REGULATIONS) DEPARTMENT

No. Fin-(C)B(7)-3/2021

Shimla-2

Dated : 2nd March, 2022

NOTIFICATION

In supersession of this department’s Notification of even number dated 28~ February, 2022 and in partial modification of notification of even number dated 3rd January, 2022, the Governor, Himachal Pradesh is pleased to order that the Basic pay plus Non Practicing Allowance (NPA) shall not exceed Rs. 2,24,100/- per month for the categories of Doctors in the Health & FamilyWelfare Department, Medical Education Department, Ayush Vibhag and Animal Husbandry Department.

Also Read: Non Practicing Allowance of Government Doctors [LokSabha QA]

  1. These order can also be seen on www.himachal.nic.in/finance.

By order
Prabodh Saxena
Addl. Chief Secretary (Finance) to the
Government of Himachal Pradesh

Signed CopyDownload

Follow us on Telegram Channel, Twitter and Facebook for all the latest updates

Issue of Concordance Table for pay matrix level 16 and 15 in respect of AMC/ADC/RVC

By
igeguest
-

Issue of Concordance Table for pay matrix level 16 and 15 in respect of AMC/ADC/RVC

No. PC to 17(01)/2016/D(Pension/Policy)
Government of India
Ministry of Defence
Department of Ex-Servicemen Welfare
D(Pension/Policy)

Sena Bhawan, New Dethi-11001.
Dated: 2nd March, 2022

To
The Chief of the Defence Staff
The Chief of the Army Staff
The Chief of the Naval Staff
The Chief of the Air Staff

Sub Issue of Concordance Table for pay matrix level 16 in respect of the rank of LT. Gen (HAG+) and pay matrix level 15 in respect of the rank of LT. Gen (HAG) in respect of AMC/ADC/RVC-reg.

The undersigned is directed to refer to this Ministryโ€™s letter No. 17(02)/2017(02)/D(Pension/Policy) dated 17.10.2018, issuing Concordance Table to facilitate fixation of notional pay in respect of pre-2016 Armed Force pensioners/family pensioners who retired/died prior to 01.01.2016.

2. An error has been noticed in Concordance Table of Lt. General (HAG) of AMC/ADC/RVC in pay matrix level 15 already issued. Further, it has also been observed that Concordance Table for Lt. General (HAG+) of AMC/ADC/RVC in pay matrix level 16 was not prepared and issued.

Also Read: 7th CPC Concordance Table Calculator for Pre-2016 Pensioners

3. In view- of the: above, Concordance Table for Lt. General (HAG+) AMC/ADC/RVC in pay matrix level 16 and modified Concordance Table in respect of Lt. General (HAG) of AMC/ADC/RVC in pay matrix level 15 in lieu of the Concordance Table already issued, have now been prepared and are enclosed (Annexure A) herewith.

4. Due care has been taken to prepare these concordance tables based on the fitment tables for fixation of pay. However, in case of any inconsistency in the Concordance tables vis-a vis the relevant rules/instructions, the notional pay and pension/family pension of pre-01.01.2016 pensioners/family pensioners may be fixed in accordance with the rules/ instructions applicable for fixation of pay in the intervening pay commission periods.

5. This issues with the concurrence of Ministry of Defence (Finance/Pension) vide their ID Note No. Part File (1) to 30(01)/2016/Fin/Pen dated 03.02.2022.

6. Hindi version will follow.

Yours faithfully,

(A K Agrawal)
Deputy Secretary to the Government of India

Copy to: As per standard distribution list.
DFA(Pension)
CGDA
TRIPAS

Signed CopyDownload

Follow us on Telegram Channel, Twitter and Facebook for all the latest updates

DOPT Reminder 3: Transaction Audit of DOPT 2014-15 in the matter of stepping up of pay

By
igeadmin
-

DOPT Remider 3: Transaction Audit of DOPT 2014-15 in the matter of stepping up of pay


REMINDER-3
MOST IMMEDIATE
TIME BOUND

F.No.6/3/2021-CS-I(S)
Government of India
Ministry of Personnel, PG & Pensions
Department of Personnel & Training

2nd Floor, A Wing, Lok Nayak Bhawan, Khan Market
New Delhi, dated the 03rd March, 2022

OFFICE MEMORANDUM

Subject: Audit Para No. 13 of Transaction Audit of DoP&T for the year 2014-15 in the matter of stepping up of pay – regarding

The undersigned is directed to refer to DoP&T’s OM of even number dated 30.12.2021, 18.01.2022 and 28.01.2022 on the subject mentioned above wherein all the Ministries/Departments concerned were requested to furnish the information as per the attached format immediately clearly indicating the number and names of all the officers who have been granted stepping up of pay and whose case has been reviewed or qualify for review as per OM dated 20.05.2014. Information has not been received from most of the Ministries/Departments yet. Since the status of the matter has to be apprised to the Standing Audit Committee urgently, it is also proposed to hold a meeting with the concerned Ministries/Departments shortly in this regard.

Also Read: DOPT Order on Stepping up of Pay

2. Accordingly, it is requested that the above-mentioned information may be sent immediately without further delay.

(Zachariah Thomas)
Under Secretary to the Govt. of India

Follow us on Telegram Channel, Twitter and Facebook for all the latest updates

Relaxation to the account holders who has opened more than one account in his / her name โ€“ Amalgamation of PPF Accounts

By
igeadmin
-

Relaxation to the account holders who has opened more than one account in his / her name โ€“ Amalgamation of PPF Accounts

File No. FS-32/2/2021-FS-DOP
Government of India
Ministry of Communications
Department of Posts
(FS Division)

Dak Bhawan, New Delhi-110001
Dated: 02.03.2022

To
AII Head of Circles

Subject : Relaxation to the account holders who has opened more than one account in his / her name โ€“ Amalgamation of PPF Accounts โ€“ Reg

Madam / Sir,

Department of Economic Affairs (Budget Division), Ministry of Finance in its OM No. 2/2/2020-NS dated 23.02.2022, has advised not to send any proposal for consideration of merger i.e. amalgamation of PPF Accounts opened under the PPF Rules 2019.

2. In case any one of the PPF accounts or all the PPF accounts is/are proposed to be merged or amalgamated is / are opened on or after 12,12,2019, such account(s) shall be closed without any interest payment and no proposal should be sent to the Postal Directorate for amalgamation of such PPF Accounts.

3. A copy of the OM No. 2/2/2020-NS dated 23.02.2022 is attached herewith for ready reference.

4. This may be circulated to all the sub-ordinate offices.

5. This is issued with the approval of Competent Authority.

Encl: As above.

(T.C. VIJAYAN)
Assistant Director (SB-I)

F.No.2/2/2020-NS
Ministry of Finance
Department of Economic Affairs
(Budget Division)

North Block, New Delhi
Dated, the 23rd February,2022

To

1. Ministry of Communication & IT
{The DDG(FS), Departrnent of Posts}
Dak Bhawan, New Delhi-I10001.

2. Government Business Unit of the Indian Bank

Sub : Regarding relaxation to the account holder who has opened more that one account in his/her name โ€“ reg.
Sir,

In partial modification of this Department letter dated 14.02.2022, the undersigned is directed to refer to the case at serial number No.7 of Dr. Anupam Mishra regarding merger of the account No.7003137726 opened on23.03.2021 in Indian Bank, KGM College, Lucknow Branch.

Also Read:ย Dept of Posts Relaxation guidelines for PPF/SSA Accounts

2. The said account was opened under the PPF Rules, 2019 and therefore, is not eligible for regularization. Accordingly, the account may immediately be closed without any interest payment and the provisions of PPF Rules, 2019 may strictly be complied.

3. All the operating agencies are further advised not to send any proposal for consideration of merger of PPF accounts opened under the PPF rules, 2019 i.e. on or after 12.12.2019.

4. This issues with the approval of competent authority.

Yours faithfully,
(A.K.Malhotra)
Section Officer (NS)

Follow us on Telegram Channel, Twitter and Facebook for all the latest updates

Grant of Leave to Probationary officers: Railway Board

By
igeadmin
-

Grant of Leave to Probationary officers: Railway Board

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
RAILWAY BOARD

No.98/E(Trg)/19/2-PT

New Delhi, Dtd. 14.02.2022

The Director Generals,
All Central Training Institutes.

Sub: Grant of Leave to Probationary officers.
Ref: Rly. Boardโ€™s letters of even No. dtd 27.04.2016, 08.12.2017 & 26.02.2021.

Detailed instructions have been issued vide Railway Boardโ€™s orders dated 27.04.2016, 08.12.2017 & 26.02.2021 reg. grant of one year EoL to CSE/ESE railway probationers at the time of their reporting to the respective CTIs for their probationary training as well as leave as admissible and to the extent possible during the probationary training for appearing in competitive examinations to pursue career prospects.

2. In partial modification of Boardโ€™s letter dtd 26.02.2021 under reference, it has now been decided that these instructions shall now also be applicable to railway probationary officers recruited after CSE/ESE-2019 batches.

(Jitendra Kumar)
Dy. Director, Estt(Training)
Railway Board
Tele : 011-23047251
e-mail : trainingbranch.rb@ gmail.com

Copy to:
1) The General Managers, All Indian Railways/PUs.
2) The Director General, RDSO, Lucknow.
3) EDE(GC), Railway Board for information and making necessary changes in offer of appointment in consultation with Training Dte.
4) E(GR)-I, E(GR)-II, E(O)-I, F(E)-I, F(E)-I] & F(E)-Spl branches of Railway Board.

Follow us on Telegram Channel, Twitter and Facebook for all the latest updates

AICPIN for Jan 2022: Expected DA from July 2022

By
igeadmin
-

AICPIN for Jan 2022: Expected DA from July 2022

Consumer Price Index for Industrial Workers (2016=100) โ€“ January, 2022

 The Labour Bureau, an attached office of the M/o Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and All-India and is released on the last working day of succeeding month. The index for the month of January, 2022 is being released in this press release.

The All-India CPI-IW for January, 2022ย decreased by 0.3 points and stood at 125.1 (one hundred twenty five and point one). On 1-month percentage change, it decreased by 0.24 per cent with respect to previous month compared to decrease of 0.51 per cent recorded between corresponding months a year ago.

Also Check

DA Calculation Sheet

DA Calculator from Jan 2022

The maximum downward pressure in current index came from Food & Beverages group contributing 0.82 percentage points to the total change. At item level, Fish fresh, Mustard Oil, Apple, Carrot, French-been, Garlic, Brinjal, Cauliflower, Ladyโ€™s finger, Onion, Peas, Potato, Radish, Tomato, etc. are responsible for the fall in index. However, this decrease was checked by House rent, Rice, Wheat, Buffalo-Milk, Goat meat/Mutton, Orange, Beetroot, Chilli dry, Cooked Meals,ย  etc. putting upward pressure on the index.

At centre level, Puducherry recorded a maximum decrease of 7.3 points. Among others, 5 centres recorded decrease between 2 to 2.9 points, 13 centres between 1 to 1.9 points and 33 centres between 0.1 to 0.9 points. On the contrary, Ludhiana recorded a maximum increase of 2.3 points. Among others, 6 centres recorded increase between 1 to 1.9 points and 26 centres between 0.1 to 0.9 points. Rest of 3 centresโ€™ indices remained stationary.

Year-on-year inflation for the month stood at 5.84 per cent compared to 5.56 per cent for the previous month and 3.15 per cent during the corresponding month a year before. Similarly, Food inflation stood at 6.22 per cent against 5.93 per cent of the previous month and 2.38 per cent during the corresponding month a year ago.

Y-o-Y Inflation based on CPI-IW (Food and General)

AICPIN for Jan 2022

All-India Group-wise CPI-IW for December, 2021 and January, 2022

Sr. No.GroupsDecember, 2021January, 2022
IFood & Beverages126.8124.7
IIPan, Supari, Tobacco & Intoxicants140.8141.5
IIIClothing & Footwear122.0122.4
IVHousing116.8118.9
VFuel & Light157.7158.0
VIMiscellaneous122.5122.7
 General Index125.4125.1

CPI-IW: Groups Indices

AICPIN jan 2022

The next issue of CPI-IW for the month of February, 2022 will be released on Thursday, 31st March, 2022. The same will also be available on the office website www.labourbureaunew.gov.in.

Follow us on Telegram Channel, Twitter and Facebook for all the latest updates

Calculation of Income Tax on Interest of GPF: CGDA

By
igeadmin
-

Calculation of Income Tax on Interest of GPF

Defence Accounts Department (DAD) Headquarters
Ulan Batar Road, Palam, Delhi Cantt โ€” 110010

AT/Army/BR/FC/4462/E-1754

Dt 18/02/2022

To,
The CDA(Fund) Meerut
PCDA(O) Pune
All Regional PCsDA/CsDA
CDA(IT&SDC)
PCDA Navy
PCDA (AF)

Subject: Calculation of Income Tax on Interest of GPF – Regarding.

Please refer MoF Department of Revenue(CBDT)’s notification No.95/2021/File No. 370142/36/2021-TPL dated 31-08-2021(Copy enclosed) regarding deduction of Income Tax on interest of GPF subscription over Rs. 5 Lakhs during the financial year 2021-22.

2. The provisions of notification and action there of:

(i) Exercising the powers conferred by the first proviso to clause(11) of section 10 and first proviso to clause(12) of section 10 read with section 295 of the Income-Tax Act, 1961(43 of 1961), the CBDT has inserted a Rule 9D namely Income-tax(25th Amendment) Rule 2021 after Rule 9C of Income-tax Rule 1962 which stipulates Calculation of taxable interest relating to contribution in a provident fund or recognized provided fund, exceeding specified limit of Rs.5 Lakhs.,

(ii) The interest earned on contribution above Rs. 5 Lakhs during FY 2021-22 should be treated as income from other sources for the FY 2021-22(AY 2022-23) and income tax should be deducted from salary paid during the FY 2021-22 itself. Same should be reflected in Form-16 of Fy 2021-22(AY 2022-23) accordingly.

Also Read:ย GPF Interest Rates

(iii) Action on the part of DDO & Fund manager: Deduction of tax will be done by DDO in consultation with fund manager and where Fund manager and DDO are separate bodies the Fund manager will calculate the interest earned on contribution as per ibid rules and inform the DDO for adjustment of tax deduction from the salary of concerned individual

The CBDT notification mentioned above may be implemented wef 01 April 2022.

This issues with the approval of Addl. CGDA.

End: As above

AO (Pay & Allowances)

Follow us on Telegram Channel, Twitter and Facebook for all the latest updates

1...111112113...912Page 112 of 912

Just In

About us

IGECORNER is a trusted online platform dedicated to empowering Central Government Employees with up-to-date information, valuable resources, government orders, latest news and insightful discussions.

Follow us

ยฉ Copyright 2010โ€“2025 All Rights Reserved | igecorner.com