Thursday, January 26, 2017

Clarification regarding timely payment of GPF final payment to the retiring Government servant

Clarification regarding timely payment of GPF final payment to the retiring Government Servant – regarding

No.3/3/2016-P&PW(F)
Ministry of Personnel, PG & Pensions
Department of Pension & Pensioners’ Welfare
Desk-F
3rd Floor, Lok Nayak Bhavan,
Khan Market, New Delhi-110003
Dated 16th January 2017.

OFFICE MEMORANDUM

Subject: Clarification regarding timely payment of GPF final payment to the retiring Government servant – regarding

During review meetings held to evaluate the status of implementation of Bhavishya with Ministries/Departments, it was observed that GPF final payment in many cases is not being paid to the retiring Government servants immediately on retirement from service leading to payment of interest for the delayed period.

2. Rule 34 of General Provident Fund (Central Service) Rules clearly provides that when the amount standing at the credit of a subscriber in the General Provident Fund becomes payable, it shall be the duty of the Accounts Officer to make payment. The authority for the amount payable is to be issued at least a month before the date of superannuation, but payable on the date of superannuation. It may be noted that the requirement of submitting a written application by the retiring Govt. servant for GPF final payment has been dispensed with vide this Department’s Notification No.20(12)/94-P&PW (E) dated 15.11.1996 and notified under S.O NO.3228 dated 23.11.1996.

3. As per Rule 11(4) of GPF Rules, in case the GPF balance is not paid on retirement, interest on the GPF balance is required to be paid for the period beyond the date of retirement also. While interest for the first six months beyond retirement can be allowed by the PAO in the normal course, approval of Head of the accounts office is required for payment of interest beyond six months and that of Controller of Account/Financial Adviser beyond a period of one year.

4. To ensure timely final payment of GPF, and to avoid unnecessary financial burden on account of interest beyond retirement, it has now been decided that every case, in which payment of interest on General Provident Fund becomes necessary in terms of Rules 11(4) of GPF Rules, 1960, shall be put up for consideration to the Secretary of the Administrative Ministry/Department. In all such cases the Secretary of the Administrative Ministry/Department will fix responsibility at all levels to take appropriate action against the Government servant or servants who are found responsible for the delay in the payment of General Provident Fund.

5. This issues with the concurrence of the Ministry of Finance, Department of Expenditure, vide their 10 NO.187/EV/2016 dated 2th September 2016.

6. Hindi version will follow.

(Seema Gupta)
Director

Sri.Kamalesh Chandra ,Chairman GDS Pay Committee letter to Director General ECIS

Sri.Kamalesh Chandra ,Chairman GDS Pay Committee letter to Director General ECIS

RICT MCD Device Unboxing Installation and Troubleshooting Video

In the process of computerization of Branch Post Offices, it is well aware that a HAND HELD DEVICE is going to supply to all GDS.

In the project of RURAL INFORMATION & COMMUNICATION TECHNOLOGY (RICT) the device i.e, MAIN COMPUTING DEVICE (MCD) with its peripherals to be installed in BOs soon.

For a preliminary information to GDS & for awareness on the Computerization of BOs, a short video film is published in PoTools blog.

Click below to play the Video

Suspicious bank deposits first in Income Tax’s probe queue

The income-tax department has begun raising queries with regard to what it thinks are suspicious bank deposits, including those made in cooperative banks, said tax officials and consultants with direct knowledge of the matter. 

The move is part of the government’s crackdown on money laundering in the wake of demonetisation. “In the first round, the tax department is focusing on those bank accounts that do not have proper KYC (know your customer) credentials or cash deposits do not correspond with the individual’s income,” said one of them. ETreported on January 19 that the I-T department was looking to question cash deposits exceeding Rs 10 lakh. 


About 1.5 lakh accountholders have deposited more than Rs 10 lakh each and there have been suspicious cash deposits in one crore accounts belonging to 75 lakh people, ET said.

The tax department is specifically targeting some people in the first round based on big data analytical tools deployed by the Central Board of Direct Taxes (CBDT). This is being used to examine bank deposits to segregate black money holders from genuine tax payers. It compares tax returns of individuals, tax paid by companies owned by some people and other tax-related data with information collected from banks on how much money was deposited by individuals. 

The queries are raised through an online platform seeking explanations from those who have deposited large sums since demonetisation was announced on November 8. Only those with permanent account numbers (PAN) or Aadhaar identities can access the e-platform. 

The queries raised are very specific and in some cases tax officials are demanding that bank account holders submit scanned copies of their PAN and Aadhaar cards. Experts said bank accountholders who have not cleared the KYC process, especially in some cooperative banks, are to be questioned first. 

In the first round, the tax department will concentrate on suspicious accounts in which at least Rs 10 lakh was deposited after demonetisation was announced. 

“As we see, the tax department could also raise questions about large bank deposits since April 2016, but in view of a high number of cases, this may take some time but the process has been initiated. However, care should be taken that black money hoarders must be targeted and genuine tax payers are not harassed,” said Rakesh Nangia, managing partner, Nangia and Co., a tax advisory. 

“This is the first phase where queries are raised by tax department and we suspect that all bank accounts will not attract questions. The tax office may pick up accounts which may look suspicious, considering information collected from other sources,” said Amit Maheshwari, partner, Ashok Maheshwary and Associates. 

“In some cases where such depositor is not having PAN, he needs to obtain PAN first and then only he would be able to log in to the system for responding. All those who have received queries are required to respond on the e-platform,” said Paras Savla, partner, KPB & Associates, a tax consultancy. “The analytical tools raise red flags wherever there are discrepancies,” said a person in the know.

Source:-The Economic Times

Happy Republic Day

GDS Online Software implementation - reg

GDS Online Software implementation - reg.


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