Wednesday, February 01, 2017

Download Budget 2017-2018 in PDF Format

Click below link to download budget 2017-18

PTC Darbhanga`s website launch today

Website of PTC Darbhanga has been launch today by Hon`ble CPMG Bihar Circle Sri M E Haq at PTC Darbhanga auditorium.

General Election to the Legislative Assemblies 2017 - Grant of paid holiday to employees on the day of poll

General Election to the Legislative Assemblies of Goa, Manipur, Punjab, Uttarakhand and Uttar Pradesh, 2017 - Grant of paid holiday to employees on the day of poll : DoPT Order

Government of India
Ministry of Personnel, Public Grievances and Pensions
(Department of Personnel 85 Training)
Establishment (JCA-2l Section
North Block, New Delhi
Dated 1st February, 2017


Subject: General Election to the Legislative Assemblies of Goa, Manipur, Punjab, Uttarakhand and Uttar Pradesh, 2017 - Grant of paid holiday to employees on the day of poll - regarding

The undersigned is directed to say that in connection with the General Elections to the Legislative Assemblies of the States of Goa, Manipur, Punjab, Uttarakhand and Uttar Pradesh, to be held during the months, of February and March, 2017, the guidelines, issued by this Department vide OM No. 12/14/99-JCA dated 10.10.2001, may be followed for closing of the Central Government Offices, including Industrial establishments in the above mentioned States the relevant portion of the OM as referred to above are reproduced here.

(i) The relevant organizations shall remain closed in the notified areas where general elections to the State Legislative Assembly are concerned scheduled to be conducted;

(ii) In connection with bye-election to Lok Sabha/ State Assembly, only such of the employees who are bona-fide voters in the relevant constituency should be granted special casual leave on the day of polling. Special Casual leave may also be granted to an employee who is ordinarily a resident of a constituency and registered as a voter but employed in any Central Government Organization / Industrial Establishment located outside the constituency having a general / bye-election.

2. The employees detailed on election duty may also be permitted to remain away from their normal duties on polling day(s) as also on the days required for performing journeys which might be undertaken in order to perform such election duty

3. The above instructions may be brought to the notice of all concerned.

(D.K. Sengupta)
Deputy Secretary to the Government of India

Union Budget 2017: Key highlights

Union Budget 2017: Key highlights
Finance minister delivering the budget speech in the Parliament on Wednesday. Photo: PTI
Finance minister Arun Jaitley presented the Union Budget 2017 in Parliament on Wednesday. Here are the key highlights of his budget speech:

Union Budget 2017:

Jaitley divided his budget proposal into 10 distinct themes: Farmers; rural population; energizing youth; poor and underprivileged; infrastructure; financial sector; digital economy; public service; prudent fiscal management; and tax administration.


  • Our government was elected amidst huge expectations; the underlying theme was good governance: Arun Jaitley
  • Massive war against black money has been launched
  • Government now seen as a trusted custodian of public money: FM
  • We will focus on energizing youth to reap benefits of growth
  • World economy faces considerable uncertainty: FM
  • Three major challenges for emerging economies: US Federal Reserve’s stance, uncertainty over commodity prices, especially crude prices and signs of increasing retreat from globalization as protectionist fears build up
  • India stands out as a bright spot
  • Govt has continued with steady path of fiscal consolidation: FM
  • We are seen as an engine of global growth: FM
  •  There are two tectonic policy initiatives: GST implementation and demonetization
  • Demonetization was the continuation of series of measures taken in last two years and was a bold and decisive measure
  • Demonetization seeks to create a new normal where GDP would be cleaner and bigger
  • Drop in economic activity due to remonetization is expected to have only a transient effect
  • Demonetization has strong potential to generate long-term benefits
  • Demonetization helps to transfer resources from tax evaders to govt
  • Firmly believe demonetization and GST will have epoch-making impact
  • Pace of remonetization will soon reach comfortable levels; effect of demonetization not expected to spill over into next year
  • Surplus liquidity in banking system will raise access to credit, leading to multiplier effect on economic activity: FM
  • Overall approach in budget to spend more in rural areas
  • Budget 2017-18 contains 3 major reforms: advancement of date of presentation, merger of railway budget with general budget, abolition of Plan and non-Plan expenditure

What has the budget done to revive investments?

  • Farmer credit fixed at record level of Rs10 trillion; will ensure adequate flow to underserved areas
  • Soil health cards: Govt to set up mini-labs in Krishi Vigyan Kendras
  • Long-term irrigation fund in Nabard—corpus at Rs40,000 crore
  • Model law on contract farming to be circulated
  • Dairy processing infra fund with corpus of Rs8,000 crore
  • Dedicated micro-irrigation fund with Rs5,000 crore corpus
  • Mission Antyodaya to bring 1 crore households of poverty
  • MGNREGA: Rs48,000 crore has been allocated; participation of women now at 55%; using space technology in a big way
  • Prime Minister Gram Sadak Yojana: Rs19,000 crore allocated; along with states, Rs27,000 crore will be spent in FY18
  • Pradhan Mantri Awas Yojana: Rs23,000 crore allocated
  • 100% village electrification by May 2018
  • Rural livelihood mission: Rs4,500 crore allocated
  • Mason training to be provided for 5 lakh people
  • Panchayat Raj: Human resource reform programme to be launched
  • Rs1,87,223 crore allocated for rural programmes
  • YOUTH:
  • Education: System of measuring annual learning outcomes, emphasis on science
  • Innovation fund for secondary education
  • Reforms in UGC: Colleges to be identified based on ranking and given more autonomy
  • Propose to leverage information technology with launch of SWAYAM platform for virtual learning
  • National testing agency to be established for all entrance exams, freeing up CBSE, AICTE and other bodies
  • 100 Indian international skill centres to be established with courses in foreign languages
  • Rs4,000 crore allocated to launch skill acquisition and knowledge awareness
  • Special scheme for creating employment in leather/footwear sector
  • Tourism: Five special zones to be set up

Budget 2017: Jaitley reduces income tax rates for individuals, companies

  • Women: Mahila Shakti Kendras with Rs500 crore corpus
  • Stepped up allocation to Rs1.84 trillion for various schemes for women and children
  • Affordable housing to be given infrastructure status
  • Action plan to eliminate leprosy by 2018, TB by 2025, reduce IMR to 29 in 2019
  • To create additional PG medical seats per annum
  • Two new AIIMS in Jharkhand and Gujarat
  • New rules to be introduced for medical devices
  • Labour rights: Legislative reforms to simplify and amalgamate existing labour laws
  • Allocation to SCs increased to Rs52,393 crore; STs given Rs31,920 crore, minority affairs allocated Rs4,195 crore
  • Senior citizens: Aadhaar-based smart cards with health details to be provided
  • Total capex and development expenditure of railways pegged at Rs1.31 trillion
  • Railways: Passenger safety—Safety fund corpus set up; unmanned level crossings to be eliminated by 2020
  • Railway lines of 3,500km to be commissioned
  • To launch dedicated tourism/pilgrimage trains
  • 500 stations to be made differently-abled friendly
  • Cleanliness in railways: To introduce Coach Mitra facility; By 2019, biotoilets for all coaches
  • Railways to offer competitive ticket-booking facility; service charge withdrawn for tickets booked on IRCTC
  • New metro rail policy to be announced
  • Roads sector: Allocation for national highways at Rs64,000 crore
  • Airports Authority of India Act to be amended to enable monetization of land resources
  • Total allocation to transport sector at Rs2 trillion
  • Telecom sector: Allocation to Bharat Net programme at Rs10,000 crore
  • Digi-gau initiative to be launched
  • To make India global hub for electronics manufacture
  • Export infra: New restructured central scheme to be launched
  • Total allocation for infrastructure: Rs3.96 trillion
  • Foreign Investment Promotion Board (FIPB) to be abolished
  • Commodities market: panel to study legal framework for spot and derivative markets
  • Resolution mechanism for financial firms
  • Cyber-security: Computer emergency response team to be set up
  •  Listing of PSEs will foster public accountability; revised mechanism for time-bound listing
  • To create integrated public sector oil major
  • New ETF to be launched
  • Pradhan Mantri Mudra Yojana: Lending target at Rs2.44 trillion
  • Stand-up India scheme: over 16,000 new enterprises have been set up


  • India at cusp of massive digital revolution
  • Govt to launch two new schemes to promote BHIM app, including cashback scheme for merchants
  • Aadhaar Pay to be launched for people who don’t have mobile phones
  • Focus on rural and semi-urban areas
  • To strengthen financial inclusion fund
  • Panel on digital payments has recommended structural reforms
  • To create payment regulatory board at RBI


  • To use head post-office for passport services
  • Defence: centralized defence travel system developed
  • Defence: Centralized pension distribution system to be established
  • Govt recruitment: To introduce two-tier exam system
  • Govt looks to introduce laws to confiscate assets of economic defaulters
  • High-level panel chaired by PM to commemorate Mahatma Gandhi’s 150th birth anniversary


  • Total budget expenditure: Rs21 trillion
  • Rs3,000 crore to implement various budget announcements
  • Defence expenditure excluding pensions: Rs2.74 trillion
  • Consolidated outcome budget for all ministries being created
  • Fiscal deficit for FY18 pegged at 3.2% of GDP
  • Revenue deficit for FY18 at 1.9%


  • Direct tax collection not commensurate with income/expenditure pattern of India
  • We are largely a tax non-compliant society; predominance of cash in society enables tax evasion
  • After demonetization, data received will increase tax net
  • Black money: No cash transactions above Rs3 lakh
  • Transparency in political funding: Parties continue to receive anonymous donations; propose system of cleaning up
  • Political funding: Maximum amount of cash donation that can be received is Rs2,000; political parties can receive donations by cheques or digitally; amendment proposed to RBI Act to issue electoral bonds; every party has to file returns within specified time
  • Personal income tax: Rate reduced to 5% for income bracket of Rs2.5-5 lakh; All other categories to get uniform benefit of Rs12,500 per person; to levy surcharge on income bracket Rs50 lakh-Rs1 crore
  • Personal income tax: To have simple one-page form for taxable income up to Rs5 lakh
  • GST: preparedness of IT system on schedule
  • Not many changes to excise duties since GST will be implemented soon
  • FPI category 1 and 2 investors exempted from indirect transfer provisions
  • Time period of revising tax returns reduced to 12 months
  • Real estate: to make changes in capital gains tax
  • Concessional withholding rate will be extended to 30 June 2020, rupee-denominated masala bonds to be included
  • MAT not to be abolished at present; to allow carry-forward for 15 years
  • Corporate tax rate: MSMEs’ rate (annual turnover less than Rs50crore) reduced to 25%
  • LNG: Reduce customs duty to 2.5%
  • Limit of cash donation for charitable trusts cut to Rs2,000.
It is said when my goal is in sight, the winds favour me and I fly. There is no other day more appropriate than this: FM Jaitley

Expected DA From January 2017 Only 2%

December ’16 AICPN ( 275 ) has been released yesterday (31st Jan 2017) with that DA is almost fixed @ 2% ( total 4%). Though this is not the final figure because the Union are protesting against the DA %. If there are any changes to DA%, we will update you at the earliest.

We did expect this DA% due to 261.4 Average base and in future if this figures get altered, then we can expect a DA% change too.

As we have written before, this was expected due to demonetisation of 500 & 1000 rupees’ currencies. The dip of 2 points in AICPN value compared to Nov’16, Demonetization is also one of the reason.

Budget 2017: Tax rate reduced to 5% on income Rs 2.5L-5L

NEW DELHI: Stating that India is "largely a non-tax compliant society," finance minister Arun Jaitley today said the government is putting a Rs 3 lakh limit on cash transactions.

In addition, the minister gave asignificant tax break to those earning between Rs 2.5-5 lakhs+ , cutting their tax rates to as low as 5 percent from the earlier 10%.

The minister imposed a surcharge of 10 percent for those whose annual income is Rs 50 lakh to Rs 1 crore. The 15% surcharge on incomes above Rs 1 crore will continue.

Stating that political parties continue to receive most funds through anonymous donation, Jaitley announced that the maximum amount of cash donation a political party can receive is Rs 2000 from any one source.

The minister also said the government plans to extend the basket of financial instruments to which the capital gains can be invested without the payment of tax.

There is also a proposal to allow a carry forward of Minimum Alternative Tax for a period of 15 years up from the current 10 years now.


As you are aware, a tax deduction is a reduction in tax obligation from a taxpayer's gross income and it can be the result of a variety of events that the taxpayer experiences over the course of the year, which lowers the taxpayer's overall tax liability. 

At present different tax codes allow taxpayers to deduct a variety of expenses from taxable income. Taxation authorities in both the Central and State governments set the tax code standards at different intervals. It is an un- disputed fact that the tax deductions set by government authorities are often used to entice taxpayers to participate in community service programs for the betterment of society. Thus the taxpayers who are aware or unaware of eligible central and state tax deductions greatly benefit through both tax deduction and service-oriented activities annually. 

We have been paying a huge amount of tax daily, monthly, quarterly half yearly or yearly towards different kinds of taxes to the Government, such as Service Tax, Building Tax, , Property tax, Gift Tax, Entertainment tax, Sales Tax, Excise tax/duty , Professional tax Income tax etc. In addition to that certain amount of cess is also levied along with taxes in some cases. Suppose the telephone bill for a particular month is Rs. 1000/-, we are paying an additional amount of Rs.150/- or more towards service tax and cess. Likewise if we recharge our mobile phone for Rs.100/- more than Rs.15 is immediately deducted and the remainder only is credited towards talk time. So also is the case of purchase for goods and availing of services. As such though aware or unaware of the fact, thousands of rupees are paid by us towards taxes including income tax every year. 

Actually, the amount equal to the sum total of such taxes is a part of our income earmarked for government purpose. In short, the beneficiary of this part our hard earned money the Government as it is not utilized by personal or family purposes by the tax payer. Due to the very reason, we the individual tax payers including the salary class are entitled to get deduction from income tax equal to the sum total of different taxes paid especially income tax. But it is disheartening that only Professional Tax is being deducted from our income while computing income tax. As a result a huge amount of loss is being sustained by the tax payers every year,

The following simple calculation would reveal this
Suppose the Gross income of an individual tax payer is Rs.700000/- before deduction of Rs.150000 under section 80 (C ). He had paid total tax of Rs. 50000/-(including income tax of previous year) .

Computation of income tax - present system(AY-2017-18)

Gross Income     Rs .700000
Deduction under Section 80 ( c)     Rs. 150000
Net taxable income     Rs. 550000
Income tax  payable (with out cess) Rs.   35000

Computation of income tax under proposed system

Gross Income     Rs .700000
 Deduction of  Taxes paid     Rs.   50000
Deduction under Section 80 ( c)     Rs. 150000
Net taxable income     Rs. 500000
Income tax  payable (with out cess) Rs.   20000

Hence it would be advantageous is the Income tax computation system is revamped in such a way that un- necessary burden is shouldered by the individual tax payers who may have to take initiative to bring the matter to the notice of the government so as to remove the anomaly. 
Thanks to Shri. Sivasankaran Areapatta

Income Tax Department (ITD) launches Operation Clean Money

Press Information Bureau
Government of India
Ministry of Finance
31-January-2017 16:31 IST

Income Tax Department (ITD) launches Operation Clean Money 

Income Tax Department (ITD) has initiated Operation Clean Money, today. Initial phase of the operation involves e-verification of large cash deposits made during 9th November to 30th December 2016. Data analytics has been used for comparing the demonetisation data with information in ITD databases. In the first batch, around 18 lakh persons have been identified in whose case, cash transactions do not appear to be in line with the tax payer’s profile. 

ITD has enabled online verification of these transactions to reduce compliance cost for the taxpayers while optimising its resources. The information in respect of these cases is being made available in the e-filing window of the PAN holder (after log in) at the portal The PAN holder can view the information using the link “Cash Transactions 2016” under “Compliance” section of the portal. The taxpayer will be able to submit online explanation without any need to visit Income Tax office. 

Email and SMS will also be sent to the taxpayers for submitting online response on the e-filing portal. Taxpayers who are not yet registered on the e-filing portal (at should register by clicking on the ‘Register Yourself’ link. Registered taxpayers should verify and update their email address and mobile number on the e-filing portal to receive electronic communication.

A detailed user guide and quick reference guide is available on the portal to assist the taxpayer in submitting online response. In case of any difficulty in submitting on line response, help desk at 1800 4250 0025 may be contacted. 

Data analytics will be used to select cases for verification, based on approved risk criteria. If the case is selected for verification, request for additional information and its response will also be communicated electronically . The information on the online portal will be dynamic getting updated on receipt of new information, response and data analytics. 

The response of taxpayer will be assessed against available information. In case explanation of source of cash is found justified, the verification will be closed without any need to visit Income Tax Office. The verification will also be closed if the cash deposit is declared under Pradhan Mantri Garib Kalyan Yojna (PMGKY). 

The taxpayers covered in this phase should submit their response on the portal within 10 days in order to avoid any notice from the ITD and enforcement actions under the Income-tax Act as also other applicable laws

Consolidated Transfer policy to the regular transfers of officers/officials of the DOP

Consolidated Transfer policy to the regular transfers of officers/officials of the Department of Posts other than the Officers of Indian Postal Service, Group A

Click below link to Download / View the Order Copy

Krishaprasad S Thanks for Sharing 

Watch Full Length Video on Launch of India Post Payments Bank Branches

Click below link to view video


Pilot project in Pune City East Division offers reliable mail delivery services by improving online tracking system

Now, tracking letters or documents sent by the post offices will become easier. The postal department has started the Core System Integration (CSI) as part of its IT modernisation project. This is the first time in Pune that regional post offices have been chosen for this initiative.

The postal department has picked the Pune City East Division for the pilot roll-out. CSI is an integrated system that includes counter operations, delivery operations, financial activities and human resource management. The CSI is designed to augment the service delivery efficiency of the post offices.

Ganesh V Sawaleshwarkar, postmaster general of Pune Region, informed, “With the implementation of CSI, Pune will have the distinction of implementing all modules of the IT modernisation project — core banking solution, core insurance solution, core system integration and rural information and communications technology. So far, the department would use different systems for various functions. With CSI, there will be one system and hence the work will be streamlined. We will be able to provide better services to the customers.”

Once the documents are sent, a notification will be available to know when it can be expected to reach the recipient. The sender can also track the stage of delivery by using the verification code, which will be generated by the postal office.

Cheering the initiative, Neshrul Ansari (35), a Lohegaon resident, said, “I received a document on Friday morning, which was sent on Sunday by my friend based in Nagpur. Nearly five hours later, my friend received a message on the phone that the package has been delivered. I am very pleased with the service.”

Delivery boys, who are under constant pressure to transport documents or other packages on time as well as furnish proof about the same to their seniors, are heaving a sigh of relief after this development.

Chirag Bhairavkar, who works for Lohegaon Post Office, shared, “Earlier, we used to put packages in the letter box of the recipient. Sometimes, if the documents did not reach the correct recipient, then they would come to the post office and create a ruckus. With the notifications on phone, the process becomes simpler for all.”

Re -allotments/ transfers/ postings in the cadre of PS Gr-B in Andhra Pradesh Circle

India provides USD 2.49 mn for postal road project in Nepal

Kathmandu, Jan 30 (PTI) India has provided USD 2.49 million to Nepal for the construction of postal highway which runs across the Terai region close to the Indo-Nepal border.
“Ambassador of India Ranjit Rae handed over a cheque amounting to Nepalese rupees 249,710,698 equivalent to USD 2.49 million to Minister for Physical Infrastructure and Transport Ramesh Lekhak at the ministry’s office at Singha Durbar in Kathmandu,” according to a statement issued by the Indian Embassy here.

A postal road is designated for the transportation of postal mail. It is also known as Hulaki Rajmarg which runs across the Terai region of Nepal, from Bhadrapur in the east to Dudhaura in the west, cutting across the entire width of the country.

It is the oldest highway in the country constructed by Ranas to aid transportation and facilitate postal services.

Ambassador Rae had inaugurated a campus building for Chautara Multiple Campus, Chautara in Sindhupalchok district situated in the east of Kathmandu last week.

The building has been constructed with financial assistance of Nepalese Rupees 27 million provided by India under its Small Development Projects Scheme as part of India Nepal Economic Cooperation Programme, the statement said.

The three-storied building consists of 12 classrooms and separate rooms for campus office, accounts, store, meeting hall, computer room and science laboratories.

Transfers and Postings of Sr. Manager/Manager, Mail Motor Service (MMS) Group'A'and Deputy Manager (MMS) Group'B'.

To view please Click Here.