NATIONAL UNION OF POSTAL EMPLOYEES GROUP - C, NATIONAL
UNION OF POSTAL EMPLOYEES POSTMAN & GROUP - D, NATIONAL
UNION OF GRAMEEN DAK SEVAKS, GUNTUR DIVISION (AP)
Thursday, 19 May 2016
It has been informed by Shri Ashutosh Tripathi, Member(P), Postal Services Board , Department of Posts that Cadre Restructuring Proposal which was agreed and finalized by the Department of Posts after several rounds of discussions with Unions has been approved by the Finance Ministry and it will be implemented soon.
This is one of the great achievements of Unions as this has been done for the first time in Postal Department.
Income Tax Return is not considered unless it is verified
Several taxpayers diligently file their tax returns but forget to verify them. They believe their return filing process is complete once return has been duly submitted to the income tax department.
Your income tax (I-T) return submission is not complete unless you’ve ticked off these steps
Step 1: You have e-filed your tax return
Step 2: You have verified the return
Step 3: Final return processing by the tax department i.e. refund is processed or intimation under Section 143(1) is received.
Taxpayers who do not verify end up with incomplete filings. A refund, if any, is not processed in such cases.
Returns can be verified either electronically or by sending the physical ITR-V to CPC, Bengaluru. ITR-V is a one-page document, emailed by the I-T department to you; it can also be downloaded from the department’s website. ITR-V must be signed in blue ink and sent via ordinary or speed post to CPC, Bengaluru. You cannot courier the ITR-V. Sending the physical ITR-V involved a lot of problems. With the introduction of electronic verification, your return can now be verified easily and quickly.
There are several ways to verify your tax returns . To begin, log in to your e-filing account with your PAN and date of birth. Click on ‘e-File’ from the blue top bar. There is an option under it, ‘e-Verify Return’; select it. Select one of the options listed to e-verify.
EVC sent to registered email ID and mobile number
This option is available to taxpayers who have a total income of less than R5 lakh and there is no refund. A 10-digit alphanumeric code is sent to their email id and mobile number, registered on the tax department website, which is valid for 72 hours.
EVC via Aadhaar OTP
If you don’t have a refund, you can also e-verify via an Aadhaar OTP. Your Aadhaar card must be linked to your PAN on the e-filing website. The OTP is sent to your mobile number registered with Aadhaar and is valid for 10 minutes.
EVC through net banking
Those with an income of over Rs 5 lakh, or with a refund, have to use net banking to e-verify returns. If your bank is authorised, you’ll be able to log in to e-filing through net banking. First, log in to your bank account and look for the e-filing option. When you confirm to e-verify, an EVC will be automatically generated and applied to the return; your e-verification will be complete. Don’t assume the refund will be credited to the net banking account you have used to e-verify. It is credited to the account selected for refund in your tax return, which may be different from the account you used to e-verify.
EVC through bank account number
You can also verify your tax return through your bank account number by logging in to the income tax department website. You bank account number must be pre-validated. To validate, you have to select your bank name, enter the bank account number, IFSC and mobile number, and validate it on the income tax department website.
The department has issued a circular giving a final chance to taxpayers to put their past tax returns in order. If you had submitted your tax return for the past six years from AY 2009-10 to AY 2014-15, but the return could not be processed for want of ITR-V, you can e-verify it by August 31, 2016. The department shall process such returns by November 30. This will help put your past records in order.
7th Pay Commission Award: PM may make a formal announcement in June: The Sen Times News
Central govt employees in wait for 7th Pay Commission award: Prime Minister Narendra Modi may make a formal announcement on 7th Pay Commission award in June
The 7th pay commission recommendations are not helpful for maintaining central government employees employees’ living standard, Finance Ministry sources told The Sen Times on Tuesday.
They had also said the salaries of government employees should increase which would give them some financial comfort, a step they had hoped might be taken within in June, when government will announce 7th Pay Commission award with major changes.
Sources in the Prime Minister’s Office (PMO) said Prime Minister Narendra Modi may make a formal announcement on 7th Pay Commission award in June.
The government has a plan to constitute a permanent pay commission, but Finance Ministry officials are in doubt whether it will be succeeded.
They also said the Finance Minister Arun Jaitley is likely to approve the proposal of review committee, which will propose minimum pay Rs 21,000 and maximum a round Rs 2,50,000 to Rs 2,70,000 to help central government employees cope with the inflation.
This will cost the exchequer Rs 1.02 lakh crore. However, in the Budget 2016 proposal, the government provided Rs 70,000 crore for the implementation of Seventh Pay Commission.
“The Finance Minister Arun Jaitley promised that the government will implement the 7th Pay Commission award in this financial year,” sources said.
The government has made allocation in the current fiscal’s budget to meet the 7th Pay Commission award which will require the government to spend Rs 1.02 lakh crore in addition to existing regular salary.
The 7th Pay Commission headed by Justice A K Mathur recommended on November 19, the highest basic salary at Rs 250,000 and the lowest at Rs 18,000 and its increased the pay gap between the minimum and maximum from existing 1:12 to 1:13.8, while all pay commissions made up pay gap between employees and officers from second Pay Commission 1:41 ratio to Sixth pay commission 1:12.
A 13 member a secretary-level Empowered Committee or review committee headed by Cabinet Secretary P K Sinha was formed in January to review Pay Commission’s report before cabinet nod.