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  • Thursday, 12 April 2018

    Brief of the meetings held between the Staff Side(JCM) and Official Side

    No.NC/JCM/2018 Dated: April 10, 2018 The General Secretaries,
    All Constituents Organizations of the JCM(Staff Side)

    Dear Comrades,
    Sub: Brief of the meetings held between the Staff Side(JCM) and Official Side
    Met yesterday, i.e. on 9th April, 2018, with the Secretary(DoP&T), Government of India, Dr. C. Chandramauli, who joined recently, and requested him for holding meetings of the Standing Committee of the NC/JCM and National Anomalies Committee at an earliest. He has promised for the same.
    Today, i.e. on 10th April, 2018, met the Cabinet Secretary, Government of India, and handed him over a copy of the enclosed letter.
    He said that, the issue of the NPS is under finalization and Secretary(Pension), Government of India, had very recently given presentation. He further said that, there would be some visible changes in the NPS.
    On the issue of Minimum Wage and Fitment Formula he once again mentioned that it depends totally on the political call.
    So far the issue of non-holding of meetings of the National Council(JCM) is concerned, he said that he would try to hold this meeting very shortly.
    This is for your information.
    sign

    Wednesday, 11 April 2018

    Monday, 9 April 2018

    CHANGES IN INCOME TAX FORMS AY 2018-19 FY 2017-18

    Income Tax department has notified the New ITR form for Ay 2018-19 Fy 2017-18.In new forms 25 specific changes has been made to enable Income tax department to get more information from Taxpayers. 
    There is no change in the manner of filing of ITR Forms as compared to last year. All these ITR Forms are to be filed electronically. However, where return is furnished in ITR Form-1 (Sahaj) or ITR-4 (Sugam), the following persons have an option to file return in paper form:-
    • (i) an Individual of the age of 80 years or more at any time during the previous year; or 
    • (ii) an Individual or HUF whose income does not exceed five lakh rupees and who has not claimed any refund in the Return of Income.
    E-filing of Income tax return has not been started yet for assessment year 2018-19 and expected to be started from 15th May,2018
    Main changes has been covered as under.
    1. Changes in Salary details in ITR-1.
    Earlier only taxable salary is required to be filed under the head of salary income in Income Tax return .But now more details has been asked to be filed under salary Income. in our view this step has been taken keeping in view of fraudulent refund claimed by the salaried person in Mumbai and Bangaluru .
    New columns in salary head in ITR has been added as under
    • i Salary (excluding all allowances, perquisites and profit in lieu of salary)  
    • ii Allowances not exempt 
    • iii Value of perquisites 
    • iv Profit in lieu of salary 
    • v Deductions u/s 16 
    Filling of above details are not very difficult for salaried persons but it will be confusing for few as many salaried person are not aware of what is to be included under Profit in lieu of salary or Value of perquisites and deduction u/s 16.
    In our view all such information is provided in Form 16 itself except allowance not exempt.So my suggestion to govt is that govt should also amend form 16 so that it also shows the value of allowances not exempt.
    2. Changes in Income under the head House property.
    More details are required to be filled under this head in Income tax return form ITR-2 also. Now following  information is required to filled for income from house property
    • i Gross rent received/ receivable/ letable value 
    • ii Tax paid to local authorities 
    • iii Annual Value (i – ii) 
    • iv 30% of Annual Value 
    • v Interest payable on borrowed capital 
    • vi Income chargeable under the head ‘House Property’ (iii – iv – v)
    All the columns explained in above in 1 and 2 was required to be filed in ITR-2 but now it has been insterted in ITR-1 also. So ITR-1(sahaj) is no more "Sahaj"(easy) Now.

    3. The columns explained at Sr no 1 and 2 has also been inserted in ITR-4 return for presumptive income scheme also called as Sugam.
    4.Non resident is required to file ITR-2 in case of  no income from business and profession and can not file return on ITR-1 .Further he has to provide details of bank account to get refund from income tax department.
    5. New Column of Fees under section 234F  has been inserted in all relevant ITR. In ITR -1 it is given at D10 Fee u/s 234F

    The Finance Act, 2017 vide section 234F levied fees of Rs.5,000 in case where return is furnished after the due date but on or before 31st December of the relevant assessment year and Rs.10,000, in other cases. However, it is also provided to restrict the fees to Rs.1,000, where the total income does not exceed five lakh rupees.

    Friday, 30 March 2018

    Educational Concession to the Children of Armed Forces Officers/ PBORS missing/disabled/killed in action: DESW Order

    No. 6(l)/2009/Edu. Concession/ D(Res-II)
    Government of India
    Ministry of Defence
    Department of Ex-Servicemen Welfare
    Room No. 237, ‘B’ Wing
    Sena Bhawan, New Delhi

    Dated: 23rd March, 2018
    To, 
    The Chief of the Army Staff, 
    The Chief of the Naval Staff, 
    The Chief of the Air Staff, 
    The Director General, Indian Coast Guard.
    Subject : Grant of Educational Concession to the Children of Armed Forces Officers/Personnel Below Officer Ranks PBORS) missing/disabled/killed in action. 

    In continuation of this Department’s letter of even no. dt 13.09.2017 on above subject (copy enclosed), it has been decided with the approval of competent authority that the cap of Rs. 10,000/- imposed on the combined amount of Tuition Fees and Hostel Charges vide para-5 of a above order is removed and the Educational Concession will continue to be admissible without the cap of Rs. 10,000/-per month. 

    2. Therefore, para-5 of ibid letter stands deleted while all other provisions shall remain unchanged.

    3. This issues with the concurrence of Ministry of Defence (Fin/Pen) vide their ID No. 10(23)/09/Fin/Pen dt. 23.03.2018.

    Encl: As above 
    (Santosh)
    Joint Secretary to the Government of India


    Thursday, 22 March 2018

    7th Pay Commission: No Salary Hike as Govt Rejects Reports on Increase in Minimum Pay, Fitment Factor

    New Delhi, Mar 20: The government has rejected reports on an increase in minimum pay and fitment factor beyond the recommendations of the 7th Pay Commission or 7th CPC, saying it was not considering salary hike for its employees. There have been reports that the government was mulling to raise minimum pay and fitment factor beyond the recommendations of the 7th Pay Commission. (Update: 7th Pay Commission: Employees’ Unions Plan Strike For Hike in Minimum Pay, Fitment Factor After Govt Rejects Salary Hike) Samajwadi Party MP Neeraj Shekhar sought to know “whether Government is actively contemplating to increase minimum pay from Rs.18,000/- to Rs.21,000/- and fitment factor from 2.57 to 3, in view of resentment among Central Government employees over historically lowest increase in pay by 7th Central Pay Commission (CPC).” In a written reply to the question in the Rajya Sabha, Minister of State Finance, P Radhakrishnan said the government was not considering a hike in minimum pay and fitment factor beyond the recommendations of the 7th Pay Commission. “The minimum pay of Rs.18,000/- p.m. and fitment factor of 2.57 are based on the specific recommendations of the 7th Central Pay Commission in the light of the relevant factors taken into account by it. Therefore, no change therein is at present under consideration,” said Radhakrishnan. Advertisement
    The 7th Pay Commission had recommended a hike of 14.27 per cent in basic pay of central government employees, raising minimum pay from Rs 7,000 to Rs 18,000. The government approved the recommendations of the 7th Pay Commission despite resentment among central government employees, who have been a hike in minimum pay from Rs 18,000 to Rs 26,000 and fitment factor 3.68 times from 2.57 times.
    There had been reports that the government was mulling to raise minimum pay to Rs 21,000 and fitment factor 3.00. However, the government has now clarified that no such proposal was being considered.