Sunday, May 26, 2019

CENTRAL WORKING COMMITTEE MEETING ALL INDIA POSTAL EMPLOYEES UNION POSTMEN AND MTS, HELD AT SHIMLA (HP) ON 26th MAY -2019























Post Office Saving Bank and Savings Certificate Act [Question and Answer - PART IV]

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You Can Set Up These Zero Balance Savings Accounts At India Post Payments Bank

IPPB savings account: Customers can also avail RTGS, IMPS and NEFT services for transfer of funds


India Post Payments Bank or IPPB offers two types of savings accounts at present - regular and basic. Deposit in these accounts fetches interest at the rate of 4 per cent per annum, which is paid quarterly, according to India Post Payments Bank's website - ippbonline.com. The state-run payments bank also offers a range of services such as money transfer, direct benefit transfers, bill and utility payments, and enterprise and merchant payments. Customers can also avail RTGS, IMPS and NEFT money transfer services at IPPB.

Here are the key things to know about IPPB's savings accounts:

Regular savings account

India Post Payments Bank's regular savings account can be opened at the bank's access points. The account can be used to keep funds secure, withdraw cash, deposit money and perform easy remittances, besides a host of other benefits, said IPPB on its official website. The account also allows unlimited cash withdrawals. IPPB's regular savings account can be opened with zero balance and customers do not require to maintain a monthly average balance.

Basic savings account

The IPPB basic savings account is aimed to provide primary banking services at a very nominal charge. The account allows four cash withdrawals in a month, unlike the regular savings account which has unlimited withdrawals. The account can also be opened with zero balance and customers need not maintain a monthly average balance. Customers can also link the basic savings account to a POSA (Post Office Savings Account).

Post Office Saving Bank and Savings Certificate Act [Question and Answer - PART III]

Instructions

  • All the questions are compulsory to attempt. 
  • Please select the answer and click submit to view next question. 
  • The answer can't be modified. So please read carefully both question and answer then choose correct answer. 
  • The result will be displayed after submit the answer of last question.



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MACP /ACP ORDERS OF DOPT

S.No.
O.M/Notification No. Subject
1 NO.35034/1/2017-Estt-D

20/09/2018
Availability of option for fixation of pay on MACPS from the date of next increment in the lower post

PDF(English)
2 No. 35034/3/2008-Estt(D) (Vol.II)

04/07/2017
Modified Assured Career Progression Scheme for the Central Government Employee - Clarification regarding.

PDF(English)

PDF(Hindi)

3 35034/3/2015-Estt.(D)

28/09/2016
Modidied Assured Career Progression Scheme (MACPS) for the Central Government Civilian Employees- Implementation of seventh CPC ercommendation.

PDF(English)
4 No. 22034/04/2013-Estt.D

17/05/2016
References/Representations/Court Cases in various Ministries/Departments/ Organisations for grant of MACPS benefits in the promotional hierarchy - reg.

PDF(English)
5 No. 22034/04/2013-Estt. (D)

01/03/2016
References/Representations/Court Cases in various Ministries/Departments/ Organisations for grant of MACPS benefits in the promotional hierarchy - reg.

PDF(English)
6 No. 22034/04/2013-Estt.(D)

20/01/2016
References/Representations/Court Cases in various Ministries/Departments/Organisations for grant of MACPS benefits in the promotional hierarchy - reg.

PDF(English)
7 No. 35034/3/2008-Estt.(D)

18/02/2015
Modified Assured Career Progression Scheme for the Central Government Civilian Employees-Instructions ragarding.

PDF(English)
8 No. 35034/3/2008-Estt(D) (Vol. II)

10/12/2014
Modified Assured Career Progression Scheme for the Central Government Employee - Clarification regarding.

PDF(English)

PDF(Hindi)
9 No. 35034/3/2008-Estt.(D)(Vol.II)

04/10/2012
PDF(English)
10 No. 35034/1/97-Estt.(D)

04/10/2012
Assured Career Progression Scheme (ACPS) for the Central Government Civilian Employees - regarding

PDF(English)
11 No.35934/10/2011-Estt(D)

13/06/2012
Modified Assured Career Progression Scheme for the Central Government Civilian Employees- Clarification regarding grant of benefits of MACPS to officers who have later on inducted into Organized Group A Services.

PDF(English)
NA

01/04/2011
FAQ on MACPS

PDF(English)
13 No.35034/9/2010-Estt(D)

10/02/2011
Review of Cadre Structuring - Regarding

PDF(English)

 PDF(Hindi)
14 No. 35034/3/2008-Estt.(D)

24/12/2010
Modified Assured Career Progression Scheme - MACPS for the Central Government Civilian Employees - Extension of the benefits to Officers of HAG Scale of Rs. 67,000-79,000/-

PDF(English)

 PDF(Hindi)
15 No.35034/3/2008-Estt(D)

01/11/2010
Modified Assured Career Progression Scheme for the Central Government Civilian Employees-Clarification regarding.

PDF(English)

 PDF(Hindi)
16 No. 35034/3/2008-Estt.(D)

09/09/2010
Modified Assured Career Progression Scheme - MACPS for the Central Government Civilian Employees - Clarification Regarding.

 PDF(English)

 PDF(Hindi)
17 No.35034/3/2010-Estt(D)

03/08/2010
Modified Assured Career Progression Scheme for the central Government civilian employees-Clarification regarding

 PDF(English) 

PDF(Hindi)
18 No. 11/1/2010-JCA

03/05/2010
Constitution of a Joint Committee to examine the Anomalies pertaining to the Modified Assured Career Progression Scheme.

PDF(English)
19 No.35034/3/2008-Estt(D)

16/11/2009
Modified Assured Career Progression Scheme (MACPS) for the Central Government Civilian Employees - Clarification Regarding

PDF(English)

 PDF(Hindi)
20 No. 35034/3/2008-Estt. (D)

19/05/2009
MODIFIED ASSURED CAREER PROGRESSION SCHEME (MACPS) FOR THE CENTRAL GOVERNMENT CIVILIAN EMPLOYEES.

 PDF(English)

 PDF(Hindi)
21 No. 35014/1/2003-Estt(D)

29/06/2004
Assured Career Progression (ACP) Scheme for the Central Government Civilian Employees - clarification regarding.

 PDF(HTML)
22 No. 35034/1/2000-Estt(D)

12/09/2003
ACP Scheme for the Central Govt. Civilian Employees

PDF(HTML)
23 No. 22034/5/2001-Estt(D)

20/08/2001
ASSURED CAREER PROGRESSION SCHEME (ACPS) FOR THE CENTRAL GOVERNMENT CIVILIAN EMPLOYEES - CLARIFICATION REGARDING

 PDF(HTML)
24 No. 35034/1/97-Estt(D) (Vol-IV)

18/07/2001
ASSURED CAREER PROGRESSION SCHEME FOR THE CENTRAL GOVERNMENT CIVILIAN EMPLOYEES - CLARIFICATIONS REGARDING

PDF(HTML)
25 No. 35034/2/2001-Estt(D)

01/06/2001
 PDF(English)

 PDF(Hindi)
26 No. 22034/4/99-Estt(D)

24/04/2000
 PDF(HTML)
27 No. 35034/1/97-Estt(D) (Vol-IV)

10/02/2000
Assured career progression scheme for the central govt. civilian employees - clarifications.

PDF(HTML)
28 No. 35034/1/97-Estt(D)

09/08/1999
PDF(HTML)
29 No. 35034/1/97-Estt(D)

09/08/1999
PDF(English) 

PDF(Hindi)

Revised Form 16 for Financial Year 2018-19 - Central Board of Direct Taxes

The Central Board of Direct Taxes has notified changes to Form 16 for the financial year 2018-19. Under the new format of Form 16, Part B will contain information about the exempt allowances under section 10 namely, house rent allowance, leave travel concession, leave encashment, gratuity, etc. CBDT revises Form 16: Key things you should know Form 16 is the annual salary TDS (tax deducted at source ) certificate issued by an employer to employee. It consists of 2 parts, Part A and Part B. Part A contains the employer, employee and employment details such as PAN, address, summary of tax deducted and deposited quarterly, etc. Part B consists of the details of income from salary, allowances exempt and deductions claimed. The Central Board of Direct Taxes (CBDT) has notified changes to Form 16 for the financial year 2018-19. Part B has been amended to include details about the allowances exempt under section 10 such as house rent allowance, leave travel concession, etc and deductions allowed under Chapter VI-A from section 80C to 80U of the Income Tax Act. The new format of Form 16 is made effective from May 12, 2019. Therefore, employers issuing Form 16 for the financial year 2018-19 will have to issue them in the new format. Changes To Form 16Under the new format of Form 16, Part B will contain information about the exempt allowances under section 10 namely, house rent allowance, leave travel concession, leave encashment, gratuity, etc. Part B will also contain information about the deductions allowed under Chapter VI-A namely, section 80C – payments made towards life insurance premium, tuition fees for children, section 80CCD – contribution to pension scheme, section 80D – medical insurance premium, section 80E – interest paid on loan taken for higher education, section 80G – donations etc. Impact on ITR filing ITR-1 Salaried individuals resident in India can file their returns in ITR-1 for total income up to Rs 50 Lakh. Such individuals can report income from salary, one house property, income from other sources and agricultural income up to Rs 5,000 in the ITR-1 form. The ITR-1 form requires broad details of the components of income from salary i.e., salary, perquisites and profits in lieu of salary. And a complete break-up of allowances exempted under section 10 and deductions under Chapter VI-A as mentioned above. Taxpayers will be able to get this information from the Form 16 issued under the new format. If you use an online platform to file your ITR, these details can be automatically populated to your ITR, minimising your effort and helping you e-file accurately. ITR-2 Salaried individuals who are not eligible to file their return in ITR-1 can file their return in ITR-2. Specifically, resident individuals having total income exceeding Rs 50 Lakh, Non-resident individuals and Individuals who are Director in any company or invested in unlisted equities have to file their return in ITR-2. Salaried individuals who earn income from business or profession are required to file either ITR-3 or ITR-4. In the filing under ITR-2, taxpayers have to submit complete break-up of the details of various components of salary furnishing the specified amounts falling under salary, perquisites and profits in lieu of salary. This information can be obtained from the annexure to Form 16 provided by an employer. A screen-shot of a typical example of the annexure is provided below: In addition to the above, the details of allowances and deductions have to be furnished similar to the disclosure required under ITR-1. Taxpayers have to provide employer-wise details in case of salary received from more than one employer in a financial year. As discussed here, taxpayers who will receive the new format of Form 16 must ensure their tax filing is accurate for salary-related information as per new ITR forms for the AY2019-20.