Exemption Limit for Individual Taxpayers Raised to Rs. 2 lakh

Upper Limit of 20 Per Cent Tax Slab Raised to Rs. 10 Lakh
Deduction up to Rs. 10,000 Proposed for Savings Bank Interest
Senior Citizens not Having Income from Business Exempted from Payment of Advance Tax

The exemption limit for the general category of individual taxpayers has been enhanced to Rs. 2,00,000 from Rs. 1,80,000 in the General Budget 2012-13, presented by the Union Finance Minister Shri Pranab Mukherjee in the LokSabha here today. This measure will provide tax relief uptoRs. 2,000 to every taxpayer in this category.

The Finance Minister, Shri Mukherjee introduced the DTC (Direct Taxes Code) rates for personal income tax, marking progress in the direction of movement towards DTC and GST (Goods and Services Tax).

            It has also been proposed to raise the upper limit of 20 per cent tax slab from Rs. 8 lakh to Rs. 10 lakh. The proposed personal income tax slabs are:

Income uptoRs. 2 lakh                                           Nil

Income above Rs. 2 lakh and uptoRs. 5 lakh          10 per cent
      
Income above Rs. 5 lakh and upto Rs.10 lakh        20 per cent
     
Income above Rs. 10 lakh                                     30 per cent


            In another relief to the individual taxpayers, a deduction of uptoRs. 10,000 has been proposed for interest from savings bank accounts. This would help a large number of small taxpayers with salary incomes uptoRs. 5 lakh and interest from savings bank accounts uptoRs. 10,000 as they would not be required to file income tax returns.

            It has also been proposed to allow deduction of Rs. 5,000 for preventive health check up.

            For senior citizens not having income from business, it has been proposed to exempt them from payment of advance tax.
***
Source:pib

Union Budget 2012-13 Highlights ·         Budget identifies five objectives relating to  growth recovery, private investment, supply bottlenecks, malnutrition and governance matters ·         GDP growth to be 7.6 per cent (+ 0.25 percent) during 2012-13 ·         Amendment to the FRBM Act proposed  as part of Finance Bill.  New concepts of “Effective Revenue Deficit” and “Medium Term Expenditure Framework” introduced ·         Central subsidies to be kept under 2 per cent of GDP; to be further brought down to 1.75 per cent of GDP over the next 3 years. ·         Proposed: Mobile based fertilizer management system; LPG transparency portal; scaling up and rolling out of Aadhar enabled payment for government schemes in at least 50 districts. ·         Rs. 30,000 crore to be raised through disinvestment ·         Efforts to reach broadbased consensus on FDI in multi-brand retail ·         Rajiv Gandhi Equity Saving Scheme: to allow income tax deduction to retail investors on  investing in equities ·         Rs. 15,888 crore to be provided for capitalization of public sector banks and financial  institutions ·         A central  “Know Your Customer” depository to be developed ·         Swabhimaan: remaining habitations to be covered; to be extended to more habitations; ultra small branches to be set up in Swabhimaan habitations ·         Investment in 12th Plan in infrastructure to go uptoRs. 50,00,000 crore; half of this is expected from private sector ·         Tax Free Bonds of Rs. 60,000 crore to be allowed for financial infrastructure projects ·         Allocation of Road Transport and Highways Ministry enhanced by 14 per cent to Rs. 25,360 crore ·         Financial package of Rs. 3,884 crore for waiver of loans to handloom weavers and their cooperative societies; mega handloom clusters in Andhra, Jharkhand; weaver service centres in Mizoram, Nagaland and Jharkhand ; powerloom mega cluster in Maharashtra; Rs. 500 crore pilot schemes for geo-textiles in North-Eastern region ·         Rs. 5,000 crore India Opportunities Venture Fund to help small enterprises ·         Allocation to agriculture enhanced; RKVY gets Rs. 9,217 crore; BGREI gets Rs. 1,000 crore; Rs.2242 crore project to improve dairy productivity; Rs. 500 crore for coastal aquaculture ·         Various other agricultural activities merged into 5 missions ·         Target for agricultural credit raised to Rs. 5,75,000 crore ·         Interest subvention for short-term crop loans to farmers at 7 per cent interest continues; additional 3 per cent for prompt paying farmers ·         Rs. 200 crore for awards to incentivise agricultural research ·         Provisions under rural housing fund increased to Rs. 4,000 crore from Rs. 3,000 crore ·         Interest subvention of 1 percent on housing loans uptoRs. 15 lakh extended for one more year ·         AIBP allocation raised by 13 per cent to Rs. 14,242 crore ·         National Mission on Food Processing to be started in cooperation with State Governments ·         Scheduled Caste Sub Plan allocation increases by 18 per cent to Rs. 37,113 crore; Tribal Sub Plan by 17.6 per cent to Rs. 21,710 crore ·         Multi-sectoralprogramme to address maternal and child malnutrition in 200 high burden districts ·         58 per cent rise in allocation to ICDS, at Rs. 15,850 crore ·         Rural drinking water and sanitation gets 27 per cent rise in allocation to Rs. 14,000 crore; PMGSY gets 20 per cent rise to Rs. 24,000 crore ·         Projects covering length of 8800 km to be awarded under NHDP against 7,300 km during 2011-12 ·         RTE-SSA gets Rs. 25,555 crore allocation, showing an increase of 21 per cent; 6000 schools to be set up at block level as model schools in the 12th Plan; Credit Guarantee Fund to be set up for better flow of credit to students ·         National Urban Health Mission is being launched ·         34 per cent increase in allocation to National Rural Livelihood Mission, to Rs. 3915 crore ·         Rs. 1000 crore allocated for National Skill Development Fund ·         Bharat Livelihood Foundation to be established to support livelihood interventions particularly in  tribal areas ·         Widow pension and disability pension raised from Rs. 200 to Rs. 300 per month ·         Grant on death of primary breadwinner of a BPL family in the age group 18-64 years doubled to Rs. 20,000 ·         Defence services get Rs. 193407 crore; any further requirement to be met ·         4000 residential quarters to be constructed for Central Armed Police Forces ·         UID-Aadhar to get adequate funds for enrolment of 40 crore persons, in addition to the 20 crore persons already enrolled ·         White Paper on Black Money to be laid in the current session of Parliament ·         Tax proposals mark progress in the direction of movement towards DTC and GST ·         Income tax exemption limit raised from Rs.1,80,000 to Rs.2,00,000; upper limit of 20 per cent tax slab raised from Rs.8 lakh to Rs.10 lakh ·         Interest from savings bank accounts deductible upto Rs.10,000; deduction of upto Rs.5,000 for preventive health check-up ·         Senior citizens without business income exempt from advance tax ·         Investment linked deduction of capital expenditure enhanced for certain businesses; new sectors eligible for investment linked deduction ·         Turnover limit for compulsory tax audit for SMEs raised from Rs.60 lakh to Rs.1 crore ·         STT on cash delivery reduced by 20 per cent to 0.1% ·         General Anti Avoidance Rule being introduced to counter aggressive tax avoidance ·         A number of measures proposed to deter generation and use of unaccounted money ·         All services to attract service tax except those in the negative list ·         Central Excise and Service Tax being harmonized ·         Standard rate of excise duty raised from 10 per cent to 12 per cent; service tax rates raised from 10 per cent to 12 per cent; no change in peak customs duty of 10 per cent on non-agricultural goods ·         Relief in indirect taxes to sectors under stress; agriculture, infrastructure, mining, railways, roads, civil aviation, manufacturing, health and nutrition, and environment get duty relief ·         Certain cigarettes and bidis attract higher excise duty; large cars attract higher customs duty ·         Excise imposed on unbranded jewellery also; measures to minimize impact on small artisans  and goldsmiths; branded silver jewellery exempted from excise duty ·         Net gain of Rs.41,440 crore due to taxation proposals ·         Total expenditure budgeted at Rs. 14,90,925 crore; plan expenditure at Rs. 5,21,025 crore – 18 per cent higher than 2011-12 budget; non plan expenditure at Rs. 9,69,900 crore ·         Fiscal deficit targeted at 5.1 per cent of GDP, as against 5.9 per cent in revised estimates for 2011-12 ·         Central Government debt at 45.5 per cent of GDP as compared to Thirteenth Finance Commission target of 50.5 per cent ·         Medium-term Expenditure Framework Statement to be  introduced; will set forth 3-year rolling target for expenditure indicators  Source:pib

Solved question Paper of IPO Examination 2011 Paper IV Question 1 to 25                                                                                               1 Razia  Begam  was the daughter of  Alatmash      (Shams-ud-din Iltutmish ) 2 The chemical name of laughing  gas is Nitrous oxide 3 Wings of  fire is a  book authored by APJ Abdual Kalam 4 Palghat joins which of following states Kerala and Tamilnadu 5 Under article 225 of the constitution  of india every high court has the power  to issue writs . One of the following is not writ 6  Who is  Amicus  curiae Friend of court 7 What is Psephology Statistical study of elections  voting etc 8 The common  refrigent  used in  domestic refrigerator is Freon 9 in which  of the following states  is sariska Tiger sanctuary  located Rajasthan 10  Which of the following food  items  is rich in iorn Apple 11 Mark the correct prompts for the hard disk c:\> 12 ERP means Enterprise Resources Planning 13 For  which of the following corps   does  india  have the largest cultivated area in the world Rice 14 The saffron colur  in our national flag  signifies Courage and sacrifice 15 Days and nights  are equal  throught the year  at Equator 16 The age qualification criteria  for president  of India  is He must not be less than  35 years of age 17 idenity  the combination of states  with bicameral  legistature Uttar Pradesh  and Jammu  Kashmir 18 This state contributes  70 %  of India  coffee  and silk  Name the state Karnataka 19 Match the writers with their book s A3 , B4  , C2,  D1 20  In which state is  Kajiranga wildlife sanctuary  located Assam 21 Buddha  preched his first sermon at Sarnath 22  What is the equivalent  post of general in Navy Vice Admiral 23 The constitution of India came in to force on January 26,  1950 24 Beri – Beri is caused  by the lack of  vitamin B1 25 Who appoints the comptroller of Auditor General  of India President of India

Some useful information about Earth What is the shape of the path in which the earth moves around the sun An elliptical path. What is a leap year ? Such a year which has 366 days, is called a leap year. Every fourth year is a leap year. The month of February has 29 days instead of 28 in a leap year. On which day all places on the northern hemisphere have the longest day and the shortest night ? On 21th June. On which day, all places on the southern hemisphere have the longest day and the shortest night? 22nd December What is autumnal equinox ? On September 23, days and nights become equal all over the world, this is called autumnal equinox. What is vernal equinox ? On 21 March, all places on the earth have equal days and nights, this is called vernal equinox In which direction the earth moves ? From west to east. What is the circle of illumination ? The circle which divides the earth into a light half and a dark half is called the circle of illumination. At what speed the earth revolves around the sun ? 29.8 kilometer/second or about 1,00,000 kilometer/hour. How much time the earth takes to complete one revolution ? 365 days and 6 hours, this period of time is called one year. At which place the duration of day and night is equal throughout the year ? At any place on the equator Why the days and nights are unequal on the earth ? Because the earth's axis is tilted. What is the average distance from the Earth to the Moon? 238,857 miles (384,403.1 km) What is the average distance from the Earth to the Sun? 93,020,000 miles (149,669,180 km)

Question Paper for PO and RMS Accountants Examination 2003 Part I Previous question paper for  PO and RMS Accountants Examination  2003 Paper I  with Books Part I Q1   Calculate  the pension  retirement gratuity and commutatation payable to an official who retired on 30.04.2003 with the following particulars 1.      Date of Birth   12.04.1943 2.    Date of appointment 01.08.1972 3.    Promoted as HSG 1 Postmaster in the pay scale of rs  6500-200-10500 with effect from  01.10.2001 4.    Pay in the promoted grade was fixed at Rs  8900/- with DNI on 01.10.2002 5.    Rate of D A 52 %                                                                                                 Q2 (A)  Calculate  GPF Balance at credit of an official  as on 31.03.2003  with the following details 1.     O B  as on  01.04.2002  Rs 95000 2.    Subscription at the rate of  Rs  5000 per month 3.    Raised GPF subscription to Rs  6000/-  from  the pay  of  Oct 2002 4.    Taken  final withdrawal of Rs 25000/- in December 2002 5.    Taken  an advance  of  Rs  10000/- during jaunary 2003  recoverable in 10 equal instalments 6.    Rate of interest 09 %                                                                                (B)  Define Honorarium and illustrate any five items of work for which honorarium should not be paid                                                                                                                     Q 3 ( A)  Prpeare the earned leave account and half pay leave account of a postman up to  31.03.2003 from the following data 1 Date of appointment   15.04.2000 2. Dies non for 18 days from 03.12.2000 3.; Availed EL  for 10 days from  26.12.2000 4. availed EL for 5 days from  15.03.2003 for LTC and also encashed EL  for  5 days 5 Availed HPL on MC from 15.09.2000 to  24.09.200         6.    Availed commuted leave on MC for 8 days from  01.05.2002

CABINET APPROVES 7% HIKE IN DEARNESS ALLOWANCE CABINET APPROVES  7% HIKE IN DEARNESS ALLOWANCE... UNION CABINET APPROVED A PROPOSAL TO HIKE ADDITIONAL DEARNESS ALLOWANCE BY 7% FOR CENTRAL STAFF AND CENTRAL PENSIONERS... THE CENTRAL GOVERNMENT ON FRIDAY APPROVED A SEVEN PER CENT HIKE IN DEARNESS ALLOWANCE TO CENTRAL GOVERNMENT EMPLOYEES AND PENSIONERS, THIS HIKE IS TO BE EFFECTIVE RETROSPECTIVELY FROM JAN 2012... THE DEARNESS ALLOWANCE AND DEARNESS RELIEF FOR CENTRAL GOVERNMENT SERVING EMPLOYEES AND PENSIONERS WILL INCREASE FROM 58% PER CENT OF BASIC EMOLUMENTS TO 65% PER CENT WITH EFFECT FROM 1.1.2012.

NFPE & FNPO MEET SECRETARY , DEPARTMENT OF POSTS

Secretary Generals NFPE & FNPO along with General Secretaries met Secretary, Department of Posts, today (22.03.2012) and discussed the following issues.

(a) Issues arising out of implementation of L1, L2 concept in RMS

(b) Delay in implementing the written assurances given by Secretary (Posts) with particular reference to Casual labourers issue and GDS issues.

Two letters were submitted to the Secretary (Posts) on the above issues which are published in this website. Secretary (Posts) assured as follows:

(a) A meeting with Member (Operations) will be arranged shortly to discuss the staff side suggestions on L1, L2.

(b) Secretary (Posts) will personally intervene to ensure that follow up action on the assurances given by Secretary (Posts) is taken by the concerned officers.

(c) Regarding casual labourer’s case final decision on the committee report will be taken without any further delay.

The staff side made it clear that if no result oriented action is taken within one month, the JCA leaders shall sit on hunger fast in front of Dak Bhawan.

NATIONAL FEDERATION OF POSTAL EMPLOYEES

FEDERATION OF NATIONAL POSTAL ORGANISATIONS

Ref: JCA/AGTN/2012 Dated – 22.03.2012

To,

Mrs. Manjula Prashar

Secretary,

Department of Posts

Dak Bhawan, New Delhi – 110001

Madam,

Sub: - Issues arising out of implementation of L1, L2 concept in RMS – request for discussions – reg.

As you are aware the L1, L2 concept has been implemented in RMS w.e.f. 15.02.2012. Almost one and a half month is over now. During the January 2012 strike discussions, it was assured that any issues arising out of implementation of the L1, L2 concept, will be discussed with the staff side. Earlier when speed post hub system was introduced a committee under your chairpersonship has been constituted by the Directorate with Secretary General of NFPE and FNPO and staff side has been given enough opportunity to submit and discuss the problems relating to speed post hub system. Finally the following consensus was also arrived at.

(a) Wherever required, more intra – circle hubs will be opened. Chief PMG’s have been directed to submit proposals. Staff side also submitted its proposal.

(b) Regarding the change of administrative jurisdiction to RMS Superintendents, instructions were issued to the Chief PMGs to decide the issue at their own level.

Based on the above decisions most of the issues relating to speed post hub could be settled, but still in some circles the Chief PMGs have not taken any result-oriented action. This needs further discussions at Directorate level.

Now after implementation of L1, L2 many issues have cropped up which are to be discussed urgently for finding out remedial measures. Based on the experience at field level during the last one and a half month period, the staff side submit the following suggestions for immediate discussion and settlement with regard to L1, L2.

(a) There is an urgent need to convert certain existing L2 hubs into L1 in each circle. Similarly the necessity of opening of some new L1 hub at some new locations is also required. The staff side is ready to submit its proposal.

(b) Regarding closing of bags direct bags are to be closed from L2 to the L1 (to which it is mapped) and also to all other L2 offices under the same L1, to avoid delay and accumulation for mails at L1.

(c) Direct bags are to be closed from all L1 to all other L2 (under other L1) also to avoid delay and heavy accumulation of mails at L1 offices.

(d) Inspite of oral and written assurance given by Secretary, Department of Posts, certain CPMGs/PMGs are trying to transfer the staff outside their headquarters. Clear instructions should be issued to all CPMGs/PMGs to avoid transfer of staff outside their headquarters without request.

In view of the above, we request you to

(i) either to revive the MNOP committee constituted under the chairmanship of Member (Operations) and hold discussion with staff side to arrive at a concensus.

(ii) or to hold discussion with the staff side at your level.

This may be done at an early date.

We hope that through mutual discussions most of issues arising out of implementation of L1, L2 and remaining issues regarding speedpost hubs can be resolved amicably.

Awaiting favourable response.

Yours faithfully,

D. Theagarajan M. Krishnan

Secretary General Secretary General

FNPO NFPE

NATIONAL FEDERATION OF POSTAL EMPLOYEES

FEDERATION OF NATIONAL POSTAL ORGANISATIONS

Ref: JCA/AGTN/2012 Dated – 22.03.2012

To,

Mrs. Manjula Prashar

Secretary,

Department of Posts

Dak Bhawan, New Delhi – 110001

Madam,

Sub: - Undue delay in settlement of agreed items on the Charter of Demands.

A kind attention is invited to the discussions we had during strike Charter of demands and also further assurances to us that unlike in the past whatever assured during discussions will be implemented without any delay.

But to our dismay, many of the assured items are still not disposed of favourably and even the clarifications assured to be issued are still pending. Further it is learnt that the Internal Finance is rejecting the assurances given by Minister for state for communication and also the Secretary, Department of Posts. which causes a serious concern. The following are the few items in which categorical assurance had been ensured in the minutes of the meeting and also during discussions.

1. Separate orders communicating the decision that no mail office will be closed for next three years and no dislocation of staff to places outside headquarters.

2. Orders communicating the decisions about no closure/merger of Post offices if no simultaneous relocation is possible.

3. Revision of wages to casual labourers & absorption.

4. Revised recruitment Rules for Group D & Postman as agreed and syllabus for Group ‘D’ examination (25% from GDS) & Postmen/Mailguard.

5. Revision of cash handling norms to GDS & ensuring no reduction of TRCA under any circumstances and enhancing the Bonus ceiling to 3500/- & revise the cash allowance to BPM at the rate of Rs.50/- per trip instead of month.

6. Orders revising the instructions liberalizing the powers to the divisional heads instead of circle heads in case of tenure posting to C and B Class offices.

7. Reiteration of earlier instructions on the Grant of Special pay to unqualified Accountants & Counting of Special Allowance for pay fixation without filling SLP against Bangalore High Court judgment.

8. Circulation of clarification given to Punjab circle to the remaining circles also in respect of protection of pay of defunct PO & RMS Accountants.

9. Orders on forcible allotment of staff quarters to the town SOs SPMs as post attached quarters.

10. Non supply of balance statement of NPS to the official as on 31.03.2011.

11. Enhancement of financial powers to LSG, HSG II & HSG I.

12. Enhancing the honorarium for invigilators engaged in departmental examinations.

13. Allowing the physically handicapped candidates for appearing IPO examinations.

14. Orders on drawal of Cash handling allowance to Treasurers, Accountants irrespective of their position in MACP.

15. Finalisation of cadre review proposals before 31.3.2012.

16. Payment of incentive instead of honorarium for attending the PLI/RPLI work at divisional offices after decentralization.

17. Orders for repatriation of officials deputed for PLI/RPLI work to CO/RO to their home divisions.

18. Allowing the Postmaster’s cadre officials to appear for IPO/PSS Group B examination.

19. Orders permitting the Postmaster Cadre officials to officiate in HSG I vacancies.

20. DO letter from Member (P) to all circle heads to fill up all posts of Sorting Postmen, Mail overseer, cash overseer & Head Postmen.

21. Allowing MTS to decline promotion to postmen cadre under seniority quota without loosing MACP promotion.

22. Reiteration of instructions for rotational transfer for SBCO staff by notifying cluster of divisions.

23. Issue instructions to all for ensuring filling up of all sanctioned LR posts.

24. Prompt grant of child care leave – Issue of instructions.

25. Clarifications to be issued on MACP as agreed upon on the following:

(i) MACP will not be deferred on the ground at contemplated disciplinary/vigilance proceedings.

(ii) Instructions on review of ACRs/APARs by scruitiny committees.

(iii) Recovery orders by DAP in the matter of pay fixation on MACP in case of MTS

(iv) Cases relating to declining promotion prior to issue of MACP order (Prior to 2009)

26. Issuing clear instructions to all Chief PMGs that in the city areas where RO/Cos are situated decentralisation of RPLI/PLI should not be done to city Postal Divisions, instead the work will be done by RO/CO staff as done before.

27. Issuing orders on the items finalized by the Postmen committee and also follow up action on certain items to be referred to work study unit.

28. Cadre-restructuring and settlement of Group D and sorter anomaly issues relating to Postal Accounts.

29. Follow up action on civil wing employees issues.

30. Examination of CRC & EPP norms.

Apart from the above, the minutes of the standing committee (JCM) and also the reply to the items already discussed in the strike charter but included on JCM items are yet to be issued.

It is constrained to inform that in the event of non settlement of the above items within one month we have decided to observe one day token fast in front of Directorate by all the General Secretaries.

We trust that your will effectively intervene and maintain tranquility in service.

With profound regards,

D. Theagarajan M. Krishnan

Secretary General Secretary General