Showing posts from March, 2011

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Greetings, For over eight days our websites   &   were off due to severe Hacking attack. After several days hard work, we could retrieve it,   but some Data is lost in the process. We will be uploading it within few days. Still you find some thing missing pl. inform. Those of our visitors who registered from 07.03.2011 to 26.03.11 will have to register again.It may take a few days more for complete   restoration We are extremely sorry for the inconvenience. Recently following new documents have been uploaded: 29.03.2011.Dearness relief to C.G. Pensioners wef 01.01.2011-6% raise sanctioned 29.03.2011 DOP & PW Guide lines for holding Pension Adalats            26.03.2011 Dearness relief to Railway Employees wef 01.01.201Rly.Bd orders. 24.03.2011 6% additional Dearness relief to Central Government Employees wef 01.01.2011-Sanction order 17.03.2011 Extension to the arrangement relating to provision of reimbursement of expenditure incurred o

6% additional Dearness allowance to Central Government Employees wef 01.01.2011

6% additional DA to Central Goverment Employee sanctioned w.e.f 01.01.2011

Bribing of voters at the cost of Aam Admi in Tamil Nadu

AIADMK manifesto for April 13 Assembly elections on Thursday promised 20 kg of   free rice for ration-card holders, laptops for students from classes XI, free   fans, mixers and grinders to all and mineral water to BPL families. In a bid to woo women voters, Ms. Jayalalithaa promised four gms of gold for    ‘Mangalsutra’ free of cost to poor, besides cable TV connections at   subsidized rates. AIADMK if voted to power would provide free bus passes to all citizens aged over   58, a sugarcane procurement price of Rs 2,500 a tonne, a restructured health   insurance scheme for all and a special scheme for the welfare of Sri Lankan   Tamil refugees, now lodged in camps across the state, she said. Four sets of uniform and footwear for students, 20 litres of mineral water a day   to Below Poverty Line families, six months  maternity leave for women and Rs   12,000 as pregnancy allowance have also been promised. The party assured assistance ranging from Rs 1000-Rs 5000 for student


Flash News ... CABINET APPROVED 6% DA TO CENTRAL GOVERNMENT EMPLOYEES...   DEARNESS ALLOWANCE HIKED BY 6% TO CENTRAL GOVERNMENT EMPLOYEES FROM JAN-2011...   The Union Cabinet committee today decided to increase the Dearness Allowance by 6% to Central Government employees.   Hike in the Dearness Allowance (DA) will be from 45% to 51% w.e.f.January 2011.   Release of first additional instalment of dearness allowance for this year to Central Government employees and Dearness Relief to Pensioners due from Jan-2011 to compensate for essential commodities price hike.   The revised rates of Dearness Allowance from 1.1.2011 to 28.2.2011 may be paid in cash as arrears and for the month of March may be disbursed with the salary.   The enhancement of Dearness Allowance is in accordance with the accepted formula, which is based on the recommendations of the 6th Central Pay Commission.   Government Order from Finance Department will be published very soon.   Er. S.C.Maheshwari

Salaried class which includes Pensioners bears most of tax burden in India

Salaried class which includes Pensioners bears most of tax burden Numbers of Tax Assessees in  India  –Financial year 2009-2010 = 3 4085426 Effective tax base is   Just 1.5 cr tax payers Well-to-do   professionals   pay little tax MORE    than   half    of   India 's 3.4   crore   income tax   payers con­ tribute    insignificant amounts as tax, with fig­ ures ranging from a paltry   Rs50    to    Rs1,000    in    most   cases. This reduces the   effective     tax     base     to   around 1.5 crore tax pay­ ers, which includes mainly corporate houses and the   salaried class, according   to     senior     officials      of   the      income-tax      (I-T)   department.   Well-heeled independent pro­ fessionals, like chartered   accountants, doctors, lawyers, big shopkeepers and wholesale   traders make up the category of   income tax assessees who add to the number of people under   the tax net but contribute virtu­ ally nothing to the national   exchequer.   Senior I-T officials

Adverse implications of Direct Taxes Code for Sr.Citizens & Pensioners

     In the budget presented on 28.2.2011 the Finance Minister has announced that the exemption limit for ordinary citizens will be increased to Rs.1.8 lakhs, that persons who are sixty and above will become senior citizens and that very senior citizens of the age of 80 and above will be exempt up to Rs.5 lakhs total income.  He has further stated that these changes would entail a great revenue loss for the Government.    If one were to read the fine print of the Direct Taxes Code as known at present, it will be seen that in the absence of short-term tax saving instruments with the repeal of present section 80C of Indian Income-tax Act, once the Direct Taxes Code comes  into effect, those assessees who at present avail of investment in short-term tax saving instruments and get an exemption of Rs.1 lakh from their total income for tax purposes, and who may not be in a position to avail of investment in long-term tax saving instruments provided for in the Direct Taxes Code, will be dep

I.F.A e News Feb.2011

Railway Pensioners Associations 2nd National Convention under the aegis of Bharat Pensioners Samaj at Secunderabad- Event covered by IFA e News Toronto (Canada)