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Thursday, April 27, 2017

LATEST RULES ON PROVIDENT FUND WITHDRAWAL YOU SHOULD KNOW: 10 FACTS

Written By Admin on Apr 25, 2017 | April 25, 2017

LATEST RULES ON PROVIDENT FUND WITHDRAWAL YOU SHOULD KNOW: 10 FACTS

 
According to provident fund norms, 12 per cent of an employee’s salary goes into the fund along with a matching contribution from the employer.

The Employees’ Provident Fund Organisation (EPFO) has been taking many steps to ease the process of provident fund (PF) money withdrawal. The PF money can be withdrawn after two months from the cessation of employment. The application form can be filed with the PF authorities or through the employer. PF is meant for saving towards retirement years. Financial planners advise not to withdraw from the corpus before retirement. According to provident fund norms, 12 per cent of an employee’s salary goes into the fund along with a matching contribution from the employer. The Employees’ Provident Fund Organisation every year announces interest rate to be paid on the accumulated provident fund corpus.

Here are 10 things to know:

1) To encourage long-term savings, the government has formulated tax laws accordingly. If the withdrawal from a recognised PF happens after five years of continuous employment, it attracts no tax liability. In case of employment with different employers, if the PF balance maintained with the old employer is transferred to the PF account of the new employer, it is considered a continuous employment.

2) If an employee has been terminated because of certain reasons beyond his or her control (such as ill health and discontinuation of business of employer), the withdrawal does not attract any tax, irrespective of the number of years of employment.

3) In case of a withdrawal before five years, the amount becomes taxable in the same financial year. Thus, the amount has to be shown in your tax return for the next assessment year. The employer’s contribution to PF and interest earned on it is added to one’s income and taxed accordingly.

4) In addition, if you have claimed benefits under Section 80C on your own PF contribution, it will be taxed as salary. The interest earned on your own contribution will be taxed as ‘income from other sources’ and taxed according to the respective tax slabs.

5) TDS (tax deducted at source) – If the withdrawal is after a period of five years of continuous employment, it attracts no TDS or any tax. What happens if the period of service is less than five years? If PAN has not been submitted to the EPFO authorities, TDS is deducted at 30 per cent. If PAN has been submitted along with Form 15G/15H, no TDS is deducted. If form 15G/15H is not submitted and PAN is submitted, TDS @ 10% is deducted. Form 15H or 15G is meant to prevent TDS for those whose income falls below the taxable limit.

6) The funds transferred from a recognised provident fund (PF) account to a National Pension System (NPS) account will not attract any tax, Pension Fund Regulatory and Development Authority (PFRDA) said in a circular dated March 6. “The amount so transferred from recognised Provident Fund/Superannuation Fund to NPS is not treated as income of the current year and hence not taxable,” the pension fund regulator said.

7) The Employees’ Provident Fund Organisation has come out with a single-page form for provident fund related claims – from provident/pension fund withdrawal to the advance facility.

8) In addition, an Employees’ Provident Fund Organisation or EPFO subscribers can submit the new one-page form directly to the retirement fund body without the employer’s attestation if their accounts are seeded with Aadhaar and bank account details.

9) For subscribers who are yet to seed Aadhaar and bank details, a new composite claim form has been introduced which has to be submitted with attestation of employers for any claims.

10) Also, no other document would be required to be submitted by the subscriber for taking advances from the provident fund corpus. A provident fund subscriber can go for partial withdrawal/advance from his or her corpus for specific purposes like purchase of flat, construction, marriage/education of children etc.
NDTV

India Post Payment Bank (IPPB) - Schedule of Charges

Written By Admin on Apr 26, 2017 | April 26, 2017






Department issued Orders for paid substitutes new salaries from 1-1-2016 


Monday, April 24, 2017

Sunday, April 23, 2017

Circle Conference : Himachal Pradesh Circle

It has been reported by Rattan Chand Sharma, Circle Secretary, All India Association of Inspectors and Assistant Superintendent Posts, Himachal Pradesh Circle branch that their Circle is holding 19th Circle Conference on 29-4-2017 at Ksli Bali Hall, Shimla. 

Retirement in the month of April 2017

Following JTS Gr. ‘A’ and PS Gr. ‘B’ Officers are retiring from Govt. Service on superannuation on 30/4/2017.

Sl. No.
Name of Officer
Circle
1
Y M Vora
Gujarat
2
Prakash Kumar Patra
Odisha
3
C L Chhipa
Rajasthan
4
A K Bhatt
Jammu & Kashmir
5
R Loganathan
Tamil Nadu
6
Santosh Kumar Gosh
West Bengal
7
Shekhar S
Tamil Nadu


If any officer’s name is not included in the list, please intimate to GS.

Shri Boyapati Venkat Sudhakar (IPoS Batch 1981) Secretary to Govt. of India, Postal Department and Chairperson, Postal Services Board is also retiring on 30/4/2017. 

Shri Manohar Lal Kalia (IPoS Batch 1985), Chief Postmaster General, Himachal Pradesh, Shimla is also retiring on 30/4/2017.

Shri Surendra Kumar (IPoS Batch 2005), Director, Kolkatta GPO, Kolkatta also retiring on 30/4/2017. 



Deputation to Directorate in IP/ASP cadre



Retirement ....

Shri Girishkumar Batuklal Khara (IP Batch 1992) holding charge of Superintendent of Post Offices, Jamnagar Division, Jamnagar 361001 retired voluntarily from Govt. Service on 17/4/2017 F/N. He was very hard worker and loyal to the administration. 

Saturday, April 22, 2017

General Provident Fund Interest Rate for 1st April to 30th June 2017 – Finmin Orders

Written By Admin on Apr 20, 2017 | April 20, 2017

GPF Interest Rate for 1st April to 30th June 2017 – Finmin Orders
(PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA)
F.NO. 5(1)-B(PD)/2017
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
New Delhi, the 18th April, 2017

RESOLUTION

     It is announced for general information that during the year 2017-2018, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.9% (Seven point nine per cent) w.e.f. 1st April, 2017 to 30th June, 2017. This rate will be in force w.e.f. 1st April, 2017. The funds concerned are:—
1. The General Provident Fund (Central Services).
2. The Contributory Provident Fund (India).
3. The All India Services Provident Fund.
4. The State Railway Provident Fund.
5. The General Provident Fund (Defence Services).
6. The Indian Ordnance Department Provident Fund.
7. The Indian Ordnance Factories Workmen’s Provident Fund.
8. The Indian Naval Dockyard Workmen’s Provident Fund.
9. The Defence Services Officers Provident Fund.
10. The Armed Forces Personnel Provident Fund.
2. Ordered that the Resolution be published in Gazette of India.
(Navin Agarwal)
Director
Recommendations of the Committee of Experts on Disciplinary & Vigilance Inquiries (Hota Committee).

GOVERNMENT OF INDIA
DEPARTMENT OF PERSONNEL & TRAINING
MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES
AND PENSIONS

D.O.No. 372/03/2007-AVD.III(Vol.10)
NORTH BLOCK, NEW DELHI-110001
Dated the 17th April, 2017
Dear Sir,


         Please refer to this Department's O.M. No. of even No. dated 4th December, 2012 wherein it was conveyed that the Committee of Secretaries (CoS), Inter-alia has recommended for compilation of the action taken by Ministry/Department in compliance with the OMs/Circulars issued in respect of the recommendations as indicated in the aforesaid OM dated 4.12.2012 (copy enclosed) and to say that despite reminders dated 24.1.2013, 11.08.2014, 08.09.2014, 21.11.2014, 27.3.2015, 2.7.2015, 29.4.2016, 25.07.2016 and 28.10.2016 no report on the action taken by your Ministry/Department has been received.

2. As the matter has been inordinately delayed, it is requested that action taken on the points pursuant to this Department's OM of even number dated 04.12.2012 may please be furnished to this Department urgently.


Yours sincerely,
(Rakesh Kumar)
4th December, 2012
OFFICE MEMORANDUM

Subject: Recommendations of the Committee of Experts on Disciplinary & Vigilance Inquiries (Hota Committee).

The undersigned is directed to say that a meeting of Committee of Secretaries (CoS) under the chairmanship of Cabinet Secretary was held on 30.10.2012 on the above subject.The CoS , inter-alia, has recommended for compilation of the action taken by Ministries/Departments in compliance with the OM.s/Circulars issued in respect of the recommendations regarding :

  • compliance to the standard check list while sending cases to UPSC for advice (DoP&T's OM No. 39011/12/2010-Estt.(B) dated 14 September; 2010);
  • disposal of all pending cases for sanction of prosecution (DoP&T's OM No
    372/64/2010-AVD-M dated 23 rd December, 2010);
  • deciding all cases where disiplinary inquiry has been under contemplation.
    (DoP&T's OM No. 372/55/2010-AVD-III dated 28 th December, 2010); and
  • deciding all pending disciplinary inquiries (DoP&T's OM No. 372/55/2010 -AVD III dated 28th December, 2010.
( A copy of each of the above OMs is enclosed for ready reference)

It is, therefore, requeste as that action taken on above points in your Ministry/Department pursuant to the aforesaid OMs of Do PT may be sent to this Department within one month from the date of issue of this OM.

Encl: As above
(Amarjit Singh)
Deputy Secretary to the Govt. of India
DoPT Order

Comparision between Savings account in SBI and Post office

Written By Admin on Apr 21, 2017 | April 21, 2017

Grant of maternity leave for female government servant - Clarification

Written By Admin on Apr 21, 2017 | April 21, 2017

Grant of maternity leave for female government servant - Clarification

IMPORTANT CIRCULAR
CGDA, Ulan Batar Road, Palam, Delhi Cantt - 110 010

AN/XIV/19404/Leave Matters/Vol-III
Dated: 19-04-2017
To

All PCsDA/CsDA/PCA (Fys)

Subject: Grant of maternity leave - Clarification

A reference was made to DoP&T regarding quantum of maternity leave admissible to a female government servant consequent upon death of the child(s) after birth.

2. In reply, DoP&T has clarified that - " in case of death of child shortly after birth, the woman employees may be granted Maternity Leave of two months for recovery after delivery of the child".

3. Similar cases/requests may be regulated accordingly.

(Kavita Garg)
Sr.Dy.CGDA (AN)
Signed Copy

Statewise List – Gramin Dak Sevak Dates &Vacancies

Written By Admin on Apr 21, 2017 | April 21, 2017

Statewise List – Gramin Dak Sevak Dates &Vacancies

You can find the list of vacancies for all 23 states from the table below. For detailed information about Gramin Dak Seva Recruitment of your state, you can download the Official notification from the link provided in the table.
S.No
States
Total
Vacancies
Last Date
to Apply
 Official
Notification
for Each State
 1.
Andhra Pradesh
1126
19.04.2017
 2.
Telangana
645
19.04.2017
3. 
Jharkhand
256
03.05.2017
4.
Madhya
Pradesh
 1859
02.05.2017
5.
Odisha
1072
26.04.2017
6. 
Rajasthan
1577
03.05.2017
7. 
Gujarat
1912
11.05.2017
8. 
Uttar Pradesh
0
9. 
West Bengal
0
 –
10. 
Uttarakhand
579
18.05.2017
11. 
Tamil Nadu
128
09.05.2017
12. 
Punjab
620
11.05.2017
13. 
Maharashtra
1789
06.05.2017
14. 
Kerala
0
15.
Karnataka
1048
08.05.2017
16. 
Delhi
16
08.05.2017
17. 
Jharkhand
256
03.05.2017
18. 
Himachal
Pradesh
391
02.05.2017
19. 
Haryana
438
05.05.2017
20. 
Bihar
0
 –
21. 
Chattisgarh
123
05.05.2017
22. 
Assam
467
06.05.2017
23. 
North East
0
 –

Given below is the Category-wise for all states.

Categorywise List – Gramin Dak Sevak Vacancies

Telangana:
UR → 356, OBC → 151, SC → 86, ST → 52, Total → 645
Andhra Pradesh:
UR → 625, OBC → 284, SC → 126, ST → 91, Total → 1126
Jharkhand:
UR → 157, OBC → 29, SC → 24, ST → 46, Total → 256
Madhya Pradesh
UR → 732, OBC → 301, SC → 309, ST → 517, Total → 1859
Odisha
UR → 582, OBC → 97, SC → 157, ST → 236, Total → 1072
Rajasthan
UR → 919, OBC → 133, SC → 246, ST → 279, Total → 1577
Gujarat
UR → 1056, OBC → 467, SC → 87, ST → 302, Total → 1912 
Uttarakhand
UR → 357, OBC → 82, SC → 121, ST → 19 Total → 579 
Tamil Nadu
UR → 71, OBC → 39, SC → 18, ST → 0, Total → 128
Punjab
UR → 336, OBC → 132, SC → 152, ST → 0, Total → 620
Maharashtra
UR → 1034, OBC → 375, SC → 124, ST → 256, Total → 1789
Karnataka
UR → 579, OBC → 240, SC → 150, ST → 79, Total → 1048
Delhi
UR → 9, OBC → 4, SC → 2, ST → 1, Total → 16
Jharkhand
UR → 157, OBC → 29, SC → 24, ST → 46, Total → 256
Himachal Pradesh
UR → 212, OBC → 84, SC → 78, ST → 17, Total → 391
Haryana
UR → 250, OBC → 99, SC → 89, ST → 0, Total → 438
Chattisgarh
UR → 69, OBC → 2, SC → 18, ST → 34, Total → 123
Assam
UR → 250, OBC → 120, SC → 33, ST → 64, Total → 467

To read the complete details of Gramin Dak Sevak Recruitment 2017 click on the article below:


Contact details of postal life insurance in all states

Written By Admin on Apr 21, 2017 | April 21, 2017


If you have any grievance or required any help regarding your existing PLI policy, you may contact on the below given address of various Circles:-




The Headquarter of Postal Life Insurance is located at : 
Directorate of Postal Life Insurance Chanakyapuri P.O. Complex, 1st Floor, New Delhi–110 021.
Toll Free Number: 18001805232 
Ph: 011-24673177 
FAX: 011-24100358,26876809 
Email ID : pli.dte@gmail.com (pli.dte@gmail.com)

Below are the contact details for Circles :

Andhra Pradesh
O/o CPMG, A.P. Circle, Dak Sadan, Abids, Hyderabad 500 001.
1800-11-5699,
040-23463606
ddmpliapco@gmail.com
APS Directorate
C/o 56 APO
1800-11-5699,26140257
jdpli@armypost.nic.in
Assam
O/o CPMG, Assam Circle, Meghdoot Bhawan, Guwahati 781 001.
1800-34-5305,0361-2547385
pli_assam@yahoo.co.in
Bihar
O/o CPMG, Bihar Circle, GPO Complex, Patna 800 001.
1800-34-56107,0612-2225020
admplipatna@gmail.com
Chhattisgarh
O/o CPMG, Chhattishgarh Circle, Raipur 492 001.
1800-23-31614,0771-2236388
ddmpli.raipur@gmail.com
Delhi
O/o CPMG, Delhi Circle, Meghdoot Bhawan, Link Road, New Delhi-110001.
1800-11-5232,011-23620831
admpli-dl@indiapost.gov.in
Gujarat
O/o CPMG, Gujarat Circle, Khanpur, Ahmedabad 380 001
1800-233-55232,079-22866806
pligujarat@rediffmail.com
Himachal Pradesh
O/o CPMG, H.P. Circle, Kaithu, Shimla 171 009.
1800-180-8047,0177-2629005
ddmplihp@gmail.com
Haryana
O/o CPMG,Haryana Circle, 107, The Mall, Ambala 133 001.
1800-180-1373,0171-2603537
ddmpli_dop@rediffmail.com
J & K
O/o CPMG, J & K Circle, Meghdoot Bhawan, Jewel Chowk, Jammu Tawi 180 001.
1800-180-7046,0191-2543585
jkddmpli8@gmail.com
Jharkhand
O/o CPMG, Jharkhand Circle, Ranchi 834 002
1800-345-6058,0651-2480112
jhddmpli@gmail.com
Karnataka
O/o CPMG, Karnataka Circle, Palace Road, Bengaluru 560001
1800-425-0232,080-22862223
ddmplibg@gmail.com
Kerala
O/o CPMG, Kerala Circle, Thiruvanathapuram 695 003
1800-233-2074,0471-2303005
ddmpli.keralapost@gmail.com
Madhya Pradesh
O/o CPMG, M.P. Circle Dak Bhawan, Hoshangabad Road Bhopal 462 012
1800-233-2074,0755-2550603
ddmplicobhopal@gmail.com
Maharashtra
O/o CPMG, Maharashtra Circle, GPO Building, Mumbai 400 001
1800-22-5232,022-22624470/1689
mahapli@indiapost.gov.in
North-East
O/o CPMG, N.E. Circle, Shillong 793 001
1800-345-3656,0364-2226430
ddmne@hotmail.com
Orissa
O/o CPMG, Orissa Circle, Vidhan Sabha Chowk, Bhubaneswar 751 001
1800-345-6550,0674-2390003
ddmplior@gmail.com
Punjab
O/o CPMG, Punjab Circle, GPO Bldg., Chandigarh 160 017
1800-180-2105,0172-2702231
ddmplichd@rediffmail.com
Rajasthan
O/o CPMG, Rajasthan Circle, Sardar Patel Marg, Jaipur 302 007
1800-180-6655, 0141-2379212
pliraj@rediffmail.com
Tamil Nadu
O/o CPMG, Tamil Nadu Circle, Anna Road, Chennai 600 002
1800-425-6334,044-28520308
ddmplitn@gmail.com
Uttarakhand
O/o CPMG, Uttarakhand Circle, Dehradun 248 001
1800-180-4196,0135-2652226
ddmpli.dehradun@gmail.com
Uttar Pradesh
O/o CPMG, U.P. Circle, 4, Hazratganj, Lucknow 226 001
1800-180-5456,0522-2613126
ddmpliup@rediffmail.com
West Bengal
O/o CPMG, West Bengal Circle, Yogayog Bhawan, Kolkata 700 012
1800-345-5655,033-22120710
ddmlikol@rediffmail.com
*All Pay PLI policies of armed force except BSF/CRPF are maintained by the Army Postal Services New Delhi (Postal Life Insurance(PLI) Toll Fee Nos.- 1800115699)

Post Office - RD/NSC/KVP maturity value calculator & TD/MIS/SCSS interest calculator

Written By Admin on Apr 21, 2017 | April 21, 2017

Click below link to download calculator for calculating maturity value for RS/NSC/KVP and TD, MIS and SCSS

7th Pay Commission: Demanding higher allowances is realistic says Finmin

Written By Admin on Apr 22, 2017 | April 22, 2017

New Delhi: The central government employees unions demanding higher allowances, a realistic view of what government can afford, the Finance Ministry sources have confirmed.

Speaking to senior Finance Ministry sources were keen to the demands being met, insisting the work of the ‘Committee on Allowances’ to submit its final report within May, will determine what is doable.

"The government has a lot of pressures on the purses this year and higher allowances obviously is a key one. Demands are reasonable and realistic. But the government will not be held hostage," said one senior source last night.
They told "The issue of higher allowances is currently under consideration by the 'Committee on Allowances'.
In line with their mandate, the committee will produce a report within May.


This report will form the basis of negotiations with the central government employees unions. Any higher allowance settlement emitting from these negotiations must be affordable and sustainable.

The National Joint Council of Action (NJCA), which is a centralised union of several central government employees unions, has told cabinet secretary that the higher allowances must be given with retrospective effect from January 1, 2016.

The committee will have regard to the national finances before accepts NJCA above demand, the source said.

The central government employees unions had threatened to call for nationwide strike in May due to delay in implementation of higher allowances.

In response to this, the sources said, "the government expects the 'Committee on Allowances' to report by May or even before then. They are going to be very difficult discussions and negotiations."

The 'Committee on Allowances', headed by Finance Secretary Ashok Lavasa was formed in July last year for examination of the recommendations of 7th Pay Commission on allowances other than dearness allowance as the pay commission had recommended abolition of 51 allowances and subsuming 37 others out of 196 allowances.

The committee was initially given four months time to submit the report to Finance Minister Arun Jaitley.
Later, the Finance Minister Arun Jaitley extended the deadline for report submission to February 22, 2017 but committee has not yet submitted its report.

The central government employees got theirs arrears of basic pay arising from implementation of the 7th Pay Commission recommendations in one go in August salaries. The hike in basic pay has been made effective from January 1, 2016 but they are still awaiting for the higher allowances.

The employees now get all allowances except dearness allowance, according to the 6th Pay Commission recommendations until issuing of higher allowances notification.