Saturday, July 29, 2017

Make success Indefinite strike from 16-08-2017 motivate/campaigning programme.

Make success Indefinite strike from 16-08-2017 motivate/campaigning programme.

Use POSB cheque while opening new accounts

Dear Sir/Madam

I am directed by competent authority to convey the following...

In Finacle, there was no option to enter the POSB cheque while opening new accounts. This issue is resolved now.
*A patch has been deployed on 28/07/2017 to facilitate entry of POSB cheque details in account opening menu for MIS/TD/NSC/KVP schemes. Using this option, cheque details can be entered in addition to POSB account number while opening account and there is no need to mark the cheque as Passed or Destroyed separately.*

This may please be circulated to Post offices.

Thanks and Regards
Gopinath S
Inspector Posts
Chennai 600 002

58 lakhs subscribers to Atal Pension Yojana (APY)

The number of subscribers of the Atal Pension Yojana (APY) during each of the last three years is as follows:
Particulars As on 31.03.2016 As on 31.03.2017 As on 22.07.2017
Cumulative Subscribers 24,84,895 48,83,829 58,08,071
The funds allocated under APY during each of the last three years is as follows:(Rs. in cr)
Particulars 2015-16 2016-17 2017-18
Budget Estimates 173 120 155
The requirement of fund for APY is assessed as per the progress made under the Scheme and necessary provisioning of fund is done at appropriate stage.
Vide Gazette Notification dated 11th May, 2017, an individual eligible for receiving the benefits under APY has been required to furnish proof of possession of Aadhaar number or undergo Aadhaar authentication. Provided that till the time Aadhaar is assigned to the individual, benefits under the Scheme shall be given to such individuals, subject to the production of the following identification documents :-
  • if she or he has enrolled, her or his Aadhaar Enrolment ID slip; or a copy of her or his request made for Aadhaar enrolment,
  • Other identification documents such as Bank or Post office Passbook with Photo; PAN Card; Passport; Ration Card; Voter Identity Card; MGNREGS card; Kisan Photo passbook; Driving license etc.
This was stated by Shri Santosh Kumar Gangwar, Minister of State for Finance in written reply to a question in Lok Sabha today.

Source : PIB

Implementation of recommendations of the 7th Central Pay Commission : DoP Order

Implementation of recommendations of the 7th Central Pay Commission : DoP Order

7th CPC – Revision of Pension of pre-2016 pensioners/family pensioners etc- Procedural actions for revision

7th CPC – Revision of Pension of pre-2016 pensioners/family pensioners etc- Procedural actions for revision.

Government mulls extending July 31 deadline for Income Tax returns

The government is considering the possibility of extending the July 31 deadline for filing income tax return, a senior bureaucrat in the finance ministry told ET Now. 

And, if a decision is taken to to extend the July 31 deadline, it is unlikely to be communicated to the public till the last day as the taxman does not want assesses to get lackadaisical. 
"Taxpayers this year have been facing many new difficulties, so prima facie there is a genuine case to extend the deadline," said this government official. 

For example, chartered accountants are overworked and have been busy with the transition to the goods and services tax. "Chartered Accountants immediate priority has been to help their business clients transition for GST, and not filing personal income tax returns," said the source. 

Another reason could very well be the requirement to link the Aadhar with the Pan Card to file income tax returns. "Önly 45% of the registered taxpayers have so far linked their Aadhaar with PAN,"said an official. 

Also taxpayers in flood-affected states like Assam may get a longer extention than other states.

Source : The Economic Times

Rs 200 to be issued soon: Minister of State for Finance

With rumours of the Centre planning a withdrawal of the newly-introduced Rs 2,000 note doing the rounds, Minister of State for Finance Santosh Kumar Gangwar has said there was no news of its scrapping, adding the Rs 200 note will be in circulation soon.

"No news that Rs 2,000 will be scrapped," Gangwar told IANS in an interview.

"The reduction in printing of new Rs 2,000 notes is a separate issue. But that needs to be confirmed by the Reserve Bank of India (RBI). RBI will give information on Rs 2,000 notes," he added.

According to media reports, the government has stopped further printing of the recently printed Rs 2,000 notes.

On July 26, the issue was raised in Parliament when the opposition asked Finance Minister Arun Jaitley to confirm if the government was going to "demonetise Rs 2,000 notes" and if its printing had been stopped. The Minister had declined to reply.

Industry experts said the government was aiming to limit the circulation of high denomination Rs 2,000 note, which would remain a legal tender, but not demonetise it. The circulation of smaller denomination notes would be increased by introducing a new Rs 200 note.

Gangwar told IANS that Rs 200 note, printing of which had already begun, would be in circulation soon. The move to introduce Rs 200 note was to increase the circulation of smaller denomination notes, he added.

A top government official, on condition of anonymity, told IANS that the Rs 200 note would be introduced in the markets in August.
"The paper for Rs 200 notes was ready in the Mysuru paper mill in June. It should be in circulation next month," the official said.

The Mysuru paper mill is joint venture of Security Printing and Minting Corp of India Ltd (SMPCIL) and Bharatiya Reserve Bank Note Mudran, a wholly-owned subsidieary of RBI.

The Rs 200 new note was being printed in the RBI printing press. India has four currency note printing pressess -- two RBI presses at Mysuru (Karnataka) and Salboni (West Bengal) and two Security Printing and Minting Corp of India Ltd (SMPCIL) presses at Nashik (Maharashtra) and Dewas (Madhya Pradesh). SPMCIL is a public sector unit.

Lauding the introduction of Rs 200 note, a State Bank of India (SBI) report recently said that it would serve as the "missing middle".

"It seems that there has been a significant move towards relocating distribution of currency towards smaller denominations post demonetisation. However, while such a move is laudable and consistent with the long term vision of a less cash economy, we need to consider the following issues.

"Though the number of small denomination notes has increased, the mismatch caused by the presence of Rs 2,000 denomination straight after Rs 500 denomination is causing difficulties in exchanging the high denomination notes," the SBI Ecowrap report noted.

Source:-The Times of India

All India Association of Postal Supervisors representatives meeting with Shri.A.N.Nandha, hon'ble Secty Posts, DDG(Estt), DDG(P), ADG(SPN) at Dak Bhawan

All India Association of Postal Supervisors representatives, had the formal meeting with our hon'ble secty posts on 25.07.17 at Dak Bhawan and had the elaborated discussion for the 12 agendas submitted.
From administration side Shri.A.N.Nandha, hon'ble Secty Posts, DDG(Estt), DDG(P), ADG(SPN) are all attended the meeting.

From our staff side Shri &Smt/s Manoj Bhardwaj General Secretary, Savithri Venkatesan Vice President, K.Kalimuthu, R.Rajendran, Ganesh Sable, Amruthalingam, M.Subramanian are all attended. 
The meeting was lasted from 11am to 1pm.
Our sincere thanks to our hon'ble secty posts and the entire directorate administration.

Deputation to Directorate

Directorate vide memo No. 7-1/2017—SPB-II(D) dated 13.7.2017 has issued orders for posting of the following  PAs/IPs/ASPs in Postal Directorate on attachment basis for a period of one year.
Sl. No. Name of officer Designation Present Circle Posting in Postal Directorate
1 Shri Gaurav Kain ASP Uttar Pradesh Estate Division
2 Shri Mahendra Kumar IP Punjab Estate Division
3 Shri Ankit Gupta PA (CO) Tamil Nadu Estate Division
4 Shri S. Aravind PA (SBCO) Tamil Nadu Estate Division
5 Shri Karam Singh Jhajholia ASP Haryana WS&MR Division
6 Shri Bhartendu Kaushik IP Maharashtra WS&MR Division
7 Shri Sandeep Pooniya IP Rajasthan FS Division
8 Shri Om Prakash ASP Rajasthan o/o Addl. DG
9 Shri Anokhe Lal ASP Himachal Pradesh PMU Division
10 Shri Ankit IP Telangana o/o DDG (P)
Pay and allowances of the above officials/officers will be drawn by their parent office

e-Book issued by Rafi Ahmed Kidwai National Postal Academy (RAKNPA)

To view the copy of e-Book (June 2017 issue) published by RAKNPA, please CLICK HERE. To turn the page, please CLICK at the bottom of right side page, so that next page will be opened automatically and to go back to previous page, click on bottom of left page. 
To view the copies of the previous months, please CLICK ON FOLLOWING.

RAKNPA is issuing e-book every month and its copies can be viewed on cover page of India Post website. 

All members and track-in-viewers are requested to view the e-Book published by RAKNPA. It is very informative and useful.

Employment News : 29 July to 4 August 2017

Employment News : 29 July to 4 August 2017

Name Of Post : Senior Residents
No.of Vacancies : 243
Last Date :30 days after publication
Name Of Post : Constable (Tradesmen)
No.of Vacancies : 303
Last Date :07.09.2017
Name Of Post : Tradesman Mate and Fireman
No.of Vacancies : 323
Last Date :21 days after publication
Name Of Post : Office Assistant, Technical Assistant Technician, Hospital Attendant Grade III
No.of Vacancies : 315
Last Date :06.09.2017
Name Of Post : Watchman
No.of Vacancies : 271
Last Date :21.08.2017
Source :

Last minute checklist for filing income tax return

With only four days left for the deadline for filing income tax returns to expire. Here's a checklist to help you file your ITR successfully. 

Keep required documents handy 

The most important thing to start with ITR filingis getting the required documents together. Documents you would need would vary depending on the types of income you have. 

Documents commonly required (depending on your situation) include: Form 16 from your employer, Interest statement for interest earned on savings bank account and fixed deposits, TDS certificates, Proof of various deductions (80C to 80U) to be claimed, statement of Interest paid for home loan etc. 

Switched jobs? TDS certificate or Form 16 from previous employer is needed 

If you have switched jobs in the last financial year, then you must have received two Form 16 this year - one from current employer and one from the previous one. Most people find it difficult to deal with 2 Form-16s as they find it confusing to figure out how much is total TDS deducted etc. 
Matching TDS certificates with Form 26AS 

Most salaried employees receive salary from employers after tax is deducted. To ensure that every TDS instalment deducted from your salary is deposited in government's account on your behalf by your employer, you must match the amount mentioned in TDS certificate with that of Form 26AS. 

Form 26AS is the annual tax credit statement reflecting all the taxes deposited under your name. 

Paying all dues before filing ITR 

Before filing ITR, you must ascertain the total amount of tax to be paid by you. Once you have correctly determined the total amount of tax you, you need to subtract TDS from this total and then pay the balance. The balance tax payable can be paid using net-banking facility of your bank or by visiting the bank branch and paying taxes using Challan. 
Once you have paid your dues, ensure that the tax paid is reflecting in Form 26AS too. However, it is to be mentioned that normally as the deadline for ITR filing nears there is a gap of several days between the date of tax payment and the date by when it starts reflecting in the Form 26AS. 

Getting the ITR form correct 

Make sure you file your tax return using correct form applicable to you as otherwise it would be treated as a defective return. If you file ITR using the wrong form for you, you might receive notice under section 139(9) from the department asking you to file ITR again within the stipulated time. 

If you fail to file revised ITR within the given time, then it will be treated as if you never filed the ITR. 

Reporting all interest incomes 

As a taxpayer, it is your duty to report all the interest incomes earned by you in the previous year - in this case financial year 2016-17 - while filing ITR. Many people tend to forget mentioning the accrued interest earned on fixed deposits linked to bank lockers, recurring deposits, or interest earned on savings bank account. 

Remember that for interest earned on bank savings accounts you can claim a deduction up to Rs 10,000 under section 80TTA. 

Tax exempted income details in ITR 

Income exempted from tax such as interest earned from PPF account or tax-free bonds etc. must be reported in your ITR under the 'Exempt Income' schedule. 

Also remember that the last budget has made it mandatory for you to file ITR even if your total income plus exempted long term gains exceeds the minimum exemption limit of Rs 2.5 lakh. 

Verifying the ITR 

The last step to complete the process of filing the ITR is verifying the uploaded return. Your return won't be considered 'Valid' until it is verified by you. The I-T department has made the process of verifying ITR easier by offering 6 ways to verify your return including using Aadhaar OTP, net-banking. 

Filing the ITR before deadline 

Filing ITR before the deadline has an utmost importance as by doing this you ensure that you do not lose certain benefits. It is also advisable to develop this habit as starting next year there will be late filing fee, maximum up to Rs 10,000 if return is filed after the notified deadline. 
Source:-The Economic Times