Bharat Pensioners Samaj

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BHARAT SANCHAR NIGAM LIMITED (A Govt. of India Enterprise) NO.500-85/CA-II/BSNL/EPF/2011/Vol.VI Dated 19.01.2016 To, The IFAs, All Circles Sub.: Various Gazette Notifications issued by EPFO from Time to Time This office has been receiving queries regarding Emplo BSNL yees Pension Scheme. In this regard, it is informed that EPFO vide its letter no. Actuarial / 18(2)2008/ Vol.III/7738 dated 29.08.2014 (copy enclosed) has already clarified that henceforth, EPS will apply only to EPF members whose pay at the time of becoming PF member is not more than Rs.15000/- per month on or after 01.09.2014. The entire employer and employee contribution shall remain in the Provident Fund and no diversion to EPS shall be made for all new PF members on or after 01.09.2014 having salary more than Rs. 15000/- at the time of joining. In this connection, it is mentioned that this office h...

Members of Empowered Committee for processing the Report of the 7th Pay Commission Constitution of Empowered Committee of Secretaries for processing the Report of the Seventh Central Pay Commission – Finance Ministry Orders on 27.1.2016 No.1-4/2015-E.III(A) Government of India Ministry of Finance Department of Expenditure New Delhi, dated the 27th January, 2016 OFFICE MEMORANDUM Subject: Constitution of Empowered Committee of Secretaries for processing the Report of the Seventh Central Pay Commission It has been decided with the approval of the Cabinet to set up an Empowered Committee of Secretaries to process the recommendations of the Seventh Central Pay Commission. The Committee will have the following members : 1. Cabinet Secretary - Chairman 2. Finance Secretary/Secretary (Expenditure)  - Member 3. Secretary, Department of Personnel & Training - Member 4. Secretary, Department of Pension & PW - Member 5. ...

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Reserve Bank Of India RBI/2015-16/294 DGBA.GAD.No.2278/31.12.2010/ 2015-16 January 21,2016 The Chairman & Managing Director/ The Chief Executive Officer All Agency Banks Dear Sir/Madam Payment of Agency Commission on pension accounts As you may be aware, agency banks are being compensated at Rs.65 per transaction for handling pension computation, payment and related services on behalf of Central and State Governments. As per the norms followed by the Government, a pensioner’s account should not have more than 14 credit transactions in a calendar year attributable to pension and related arrear payments, if any. 2. It has however come to our notice that certain banks are apportioning payment of arrears on account of Dearness Relief (DR) and/or delay in start of pension monthwise, thus, resulting in inflated agency commission claims. It is reiterated that number of commisionable transactions for payment of agency commission on account of pension in a y...

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7th CPC and Central Government finances Comrades,           There are various reports in the media about the impact of the 7th CPC recommendations on the common man and the government resources at large, the reports suggest that the Government may postpone the 7th CPC implementation also till its finances are set right.  These reports are totally wrong. A)  Let us examine the Revenue Secretary Shri Hasmukh Adhia statements which are also published in the news papers.  “So far, 1.8 crore refunds for assessment year 2015-16 have been processed, he said. In the past, refunds have been held up for years as the government sought to show healthier finances.”       “Data released by the government showed that over Rs 5 lakh crore was locked up in tax disputes at various levels, with some of the cases going back over 10 years. In value terms, over half the cases related to income tax with 30% of the cases involving ...

7th CPC recommendations:  Pension/Retirement benefits related demands included in Charter of Demands by NJCA (National Joint Council of Action) submitted to Cab. Secy.GOI vide their No.NJC/2015/7th CPC dated December 10, 2015 Demand No 13 Revise the pension and other retirement benefits as under:- (a) Parity between the past and present pensioners to be brought about on the basis of the 7th CPC recommendations with the modification that basis of computation to be the pay level of the post / grade/ scale of pay from which one retired; whichever is beneficial. (b) Pension to be 60% of the last pay drawn in the case of all eligible persons who have completed the requisite number of years of service. (c) The family pension to be 50% of the last pay drawn. (d) Enhance the pension and family pension by 5% after every five years and 10% on attaining the age of 85 and 20% on attaining the age of 90. (e) Commuted value of pension to be restored after 10 years ...

HC relief to retired govt employees-The court observed “There should be equality of health benefits to retirees. Right to health is a human right. The health of the people should be the supreme law based on the legal maxim ‘salus populi suprema lex esto’.”  HC relief to retired govt employees IN THE HIGH COURT OF HIMACHAL PRADESH, SHIMLA CWP No. 4621 of 2011; Reserved on : 23.12.2015; Date of decision 28.12.2015 Union of India and another ……Petitioners. Vs. Shankar Lal Sharma ................. Respondent.   The High Court has directed the Centre to ask employees at the time of their retirement if they want to be covered under the Central Service (Medical Allowance) CS (MA) Rules or the Central Government Health Scheme (CGHS). A division bench comprising Justice Rajiv Sharma and Justice Sureshwar Thakur, in order to avoid litigation, made it clear that the judgment was applicable to all retired government officials residing in non-CGHS area...

Implementation of pay panel award likely to be deferred : The announcement of a deferral is expected to be part of Jaitley's Budget speech on February 29

I Circular 20/2015 Dated the 2nd December, 2015 9.  CALCULATION OF INCOME-TAX TO BE DEDUCTED : 9.1 Salary income for the purpose of section 192 shall be computed as follow:- (a) First compute the gross salary as mentioned in para 5.1 including all the incomes mentioned in para 5.2 and excluding the income mentioned in para 5.3. 5.  COMPUTATION OF INCOME UNDER THE HEAD "SALARIES" 5.2  DEFINITION OF “SALARY”, “PERQUISITE” AND “PROFIT IN LIEU OF SALARY” (SECTION 17): 5.3  INCOMES NOT INCLUDED UNDER THE HEAD "SALARIES"   (EXEMPTIONS) (b) Allow deductions mentioned in para 5.4 from the figure arrived at (a) above and compute the amount to arrive at Net salary of the employee 5.4  DEDUCTIONS U/S 16 OF THE ACT FROM THE INCOME FROM SALARIES (c) Add income from all other heads- ‘House property’, ‘Profits & gains of Business or Profession’, Capital gains and Income from other Sources to arrive at the Gross Total Income as shown in th...