Tax Rates: Income Tax Slab For AY 2018-19

1. Income Tax Slab Rate for AY 2018-19 for Individuals:

1.1 Individual (resident or non-resident), who is of the age of less than 60 years on the last day of the relevant previous year:

Taxable income	Tax Rate
Up to Rs. 2,50,000	Nil
Rs. 2,50,000 to Rs. 5,00,000	5%
Rs. 5,00,000 to Rs. 10,00,000	20%
Above Rs. 10,00,000	30%

 1.2 Resident senior citizen, i.e., every individual, being a resident in India, who is of the age of 60 years or more but less than 80 years at any time during the previous year:

Taxable income	Tax Rate
Up to Rs. 3,00,000	Nil
Rs. 3,00,000 – Rs. 5,00,000	5%
Rs. 5,00,000 – Rs. 10,00,000	20%
Above Rs. 10,00,000

  1.3 Resident super senior citizen, i.e., every individual, being a resident in India, who is of the age of 80 years or more at any time during the previous year:

Taxable income	Tax Rate
Up to Rs. 5,00,000	Nil
Rs. 5,00,000 – Rs. 10,00,000	20%
Above Rs. 10,00,000	30%

Plus:
Surcharge: 10% of tax where total income exceeds Rs. 50 lakh
15% of tax where total income exceeds Rs. 1 crore
Education cess: 3% of tax plus surcharge

A CORR PPO RECEIVED BY A 2017 RETIREE SGT X GP

RAILWAY UNION TO BEGIN HUNGER STRIKE FOR ENHANCEMENT OF MINIMUM WAGE & FITMENT FACTOR

 

7th Pay Commission: Rail employees’ union calls 72-hour relay hunger strike for higher pay from tomorrow

New Delhi: Railway employees’ union has called for a 72-hour relay hunger strike across the country from tomorrow against non-implementation of the provisions of the seventh pay commission and the attempted privatisation of the national transporter.

All-India Railwaymen’s Federation (AIRF) General Secretary Shiv Gopal Mishra

A statement from the All India Railwaymen’s Federation (AIRF) said today that despite several
meetings of the AIRF with leaders of the central government organisations and Home Minister, Finance Minister, Railway Minister and Minister of State for Railways, no decision was taken.
“Despite requests to the government of India to consider the demands of the Central Government Employees — improvement in minimum wage and fitment factor after implementation of 7th CPC recommendations, provision of guaranteed pension and family pension to all the NPS (National Pension Scheme) covered employees, irrespective of their date of appointment…contractorisation leading towards wholesale privatisation, no fruitful outcome has emerged as yet despite lapse of around two years’ precious time,” the statement said.
AIRF in its meetings of the General Council and Working Committee, held on March 13-14, 2018, here decided to stage a ‘Mass Relay Hunger Strike’ for 24 hours for three consecutive days — at all the branches of the affiliated unions of the federation all over India.
“All the branches of AIRF affiliates are, therefore, going to stage the aforesaid ‘Relay Hunger Strike’ from the morning of May 8, all over the Indian Railways”, wherein large- number of railwaymen would sit on the relay hunger strike to press on their above-mentioned major demands, the statement said.

Fixation of pay in the merged Pay Scale of Rs. 5000-8000 and Rs. 5500-9000 with Rs. 6500-10500 (5th CPC) in 6th CPC Pay Band-2 + Grade Pay Rs. 4200

Fixation of pay in the merged pay scale of 5000-8000 and 5500-9000 with 6500-10500 (5th CPC) in Pay Band-2 + Grade Pay 4200 : Early implementation of CAT Ernakulum bench order - reg.

Shiva Gopal Mishra
Secretary

Ph.: 23382286
National Council (Staff Side)
Joint Consultative Machinary
for Central Government Employees
13-C, Ferozshah Road, New Delhi - 110001
E Mail : nc.jcm.np@gmail.com
No. NC-JCM-2018/Fin. (Aco)

April 23, 2018.

Joint Secretary (Pers)
Department of Expenditure
Ministry of Finance
North Block,
New Delhi - 110 001.

Subject : Fixation of pay in the merged Pay Scale of Rs. 5000-8000 and Rs. 5500-9000 with Rs. 6500-10500 (5th CPC) in 6th CPC Pay Band-2 + Grade Pay Rs. 4200/. 

Reference: Item No. 1, 2, 3 and 4 of the Minutes of the National Anomaly Committee held on 17th July, 2012 circulated vide DOP&T OM F.No. 11/2/2008-JCA dated 13th September, 2012.
Sir,
Kindly refer to Para No. 8.1 of the Minutes of the Meeting of the 6 th CPC National Anomaly Committee held on 17th July, 2012. This is with regard to Item No. 1, 2, 3 and 4 i.e. fixation of pay in revised Pay Scale. The Staff Side in the meeting has reiterated their demand that the pay in the incumbents holding the merged Pay Scale of Rs. 5000-8000 and Rs. 5500-9000 should have been fixed by applying the multiplication factor of 1.86 at Rs. 6500 w.e.f. 01.01.2006 implying thereby that the commencement point of the Pay Band-2 should be at Rs. 12090/- based on 6500 x 1.863 = 12090 instead of Rs. 9300/- computed by multiplying Rs. 5000 x 1.86. The Official Side has rejected the demand of the Staff Side and after discussion it was decided that on this issue a disagreement may have to be recorded for referring the same to arbitration. Even though it is more than 5 years after the above decision we are not aware that what action has been taken to implement the decision taken in the National Anomaly Committee Meeting.
In this situation the affected Central Government Employees working in different Ministries have approached Court of Law for getting justice. Recently the CAT Ernakulum Bench in its Order OA No. 180/00569/2014 delivered on 03rd of April, 2018 has upheld the demand of the Staff Side and has given the following direction to the Government of India. The relevant portion of the Judgment is given below for your kind information.

14. It has to be borne in mind that CCS (RP) Rules, 2008 is a Rule notified under the proviso to Article 309 of the Constitution of India made by the President and hence it has a statutory status in the eye of law. Therefore, any interpretation of the provisions in the said Rules has to be in terms of the Rules itself. Any O.M. issued by way of clarification, explanation or prescribing the modalities for fixation of initial pay of the Government Employees as per the revised pay structure can be only in terms of what is stated in the Rules.
15. As observed above, going by the definitions of the terms 'existing basic pay' and 'existing scale' in the CDS (RP) Rules, 2008, Rule 7 fixation can be only in accordance with the afore-mentioned definitions of 'existing basic pay' and 'existing scale' only and not by way of administrative O.Ms and instructions contained in Annexure A-1 and Annexure A-2 communications. Therefore, we are inclined to quash and set aside Annexure A-1 and Annexure A-2 communications. We do so. We hold that the applicants are entitled to the declaration as prayed for and that the respondents should be directed to fix the initial pay of the applicants including all the members of Applicant No. 1 association in the revised pay structure by fixing their salary in the revised pay scale of Rs. 6500-10500 treating Rs. 6500/- as the existing basic pay as on 01.01.2006 with all consequential benefits. We order accordingly. This order shall be complied within 3 months from the date of receipt of copy of this order."

In view of the above Judgement it is requested that without further prolonging the matter the above Judgment may be implemented by issuing a general instructions extending the benefit to all the similarly place Employees.
Awaiting for your favourable response please.
Thanking you,

Yours Faithfully,
(Shiva Gopal Mishra)
Secretary

Source: Confederation

ISSUE OF DEPENDENT ID CARD WILL BE DISCONTINUED

Importance of receiving ITR-V acknowledgement

Most of us file our income-tax (I-T) returns ‘online’ before the July 31 deadline. Electronic filing (e-filing) is convenient and you can even pay your taxes online. However, filing your returns online does not mean that the process of filing return is complete. If you have added your ‘digital signature’ while e-filing, then your return filing process is complete. You will receive the acknowledgement by I-T department through email.
But if you have filed your return online ‘without adding digital signature’, then the process of e-filing is not complete. Your e-filing will only be complete after the central processing centre (CPC) of the I-T department sends an email or SMS acknowledging the receipt of the Form ITR-V.
What does ITR-V mean?
ITR-V stands for ‘Income Tax Return–Verification’ Form. It is a one page document. ITR-V is received when you file your I-T return online—without using a digital signature. It is sent by the I-T Department.  The I-T Department needs to verify the authenticity of your e-filing which does not have a digital signature. On receipt of Form ITR-V, you have to sign the copy of the Form in ‘blue ink’ and submit it to the I-T Department CPC, Bangalore to complete the filing process.
ITR-V significance
To complete the e-filing process (without digital signature), you need to follow the below mentioned steps.
ITR-V should be printed in dark blank ink and clear to read. ITR-V should have original signature in blue ink. Your signature should not be on bar code of the Form. Bar code and numbers below the bar code should be clearly seen. Do not use stapler on the Form ITR-V. Do not fold this signed ITR-V. Enclose the same in an A-4 size white envelope. Send the envelope to the CPC through speed post or ordinary post within 120 days from the date of filing. You cannot courier the ITR-V.
You do not need to send any supporting documents along with the ITR-V. Just the one page signed ITR-V. The envelope should be send to Income Tax Department CPC Post Box No.1, Electronic City Post Office, Bangalore-560100, Karnataka.
Upon receipt of ITR-V, CPC Bangalore dispatches an email acknowledgement on receipt of ITR-V. It should reach within 4-5 days after sending ITR-V to Bangalore.
The e-mail from CPC is sent to the email ID mentioned in the ITR. This is your acknowledgement. Your filing is now complete. Remember you have to compulsorily mail your ITR-V in a sealed A-4 envelope to the address mentioned above.
Remember, if you miss submitting your ITR-V within 120 days, your e-filing will be considered invalid. It will be considered that you have not yet filed your return. You then have to file a revised return, get a new ITR-V and submit the same within 120 days.
Not received the acknowledgement
If you haven’t received the acknowledgement, download the acknowledgement from the income-tax web portal by logging in through your online account. The same will be available under 'E-filing processing status' under the tab 'My Account'.
The receipt can also be checked by adding your PAN and assessment year or by filling the e-filing acknowledgement number on the 'ITR-V Receipt Status' tab under 'Services' section on the e-fling website.
You can also call the CPC call centre number 1800-4250-0025 (from 9am to 8pm) to enquire about the status of e-filing. For rectification and refund, the number is 1800-425-2229

BANK OF INDIA TREATS SERVICE EDUCATION CERTIFICATE EQUVALANT TO DEGREE FOR RECRUITMENT TO CLERICAL CADRE & PROMOTION TO CLERICAL CADRE FROM SUB STAFF