Tuesday, March 25, 2014

6th CPC INTRODUCED NEW METHOD OF CALCULATION FOR INCREMENTS

6th CPC INTRODUCED NEW METHOD OF CALCULATION FOR INCREMENTS
6th CPC has the honour of introducing a number of new changes.

Some of the most important changes introduced by the 6th CPC are GRADE PAY STRUCTURE, 3% INCREMENT, CHILDREN’S EDUCATION ALLOWANCE, and announcing July 1 as INCREMENT DAY FOR ALL. In addition, it also created new regulations to avoid smaller calculations – the method of “ROUNDED OFF TO THE NEXT MULTIPLE OF TEN.”

Even as the 7th CPC is fast approaching, doubts about the Increment Calculation on the basis of the 6th CPC persists, especially about the “ROUNDED OFF TO THE NEXT MULTIPLE OF TEN” method. It is obvious that doubts persist.

In order to avoid decimals, it is a usual practice to round off anything over 50 as 1, and less than 50 as 0. But, according to the Revised Pay Rules 2008 of the 6th CPC, 100.90 is to be taken as 100, and, 101 is to be rounded off as 110.

Let us assume that a person’s increment calculation results in 510.90. That has to be taken as 510. But, if the number is 511, then it has to be taken as 520.

Let us get to the interesting part of this concept:

For those with Band Pay higher than 7440, there are chances that Transport Allowance would rise from Rs. 400 to 800 or from Rs. 600 to 1600. There are possibilities that even 10 Paise could make a big impact.

The difference between Rs. 7430 and Rs. 7440 is huge..! Many would have found themselves in critical junctures where these small differences would result in differences of Rs. 1000 per month, adding up to Rs. 12000 per year. That could be one of the reasons why some employees are upset with these calculations. The ones who had to lose due to these calculations will remember it for a very long time.

Even when 6th CPC tried to remove the impact of Paise in the calculations, it somehow continues to have an effect!

Source : www.7thpaycommissionupdates.blogspot.in
[http://7thpaycommissionupdates.blogspot.in/2014/03/6th-cpc-introduced-new-method-of.html]

Corporate Office order on Declaration of Holiday on 14th April, 2014 – Birthday of Dr. B.R. Ambedkar

Corporate Office order on Declaration of Holiday on 14th April, 2014 – Birthday of Dr. B.R. Ambedkar
Bharat Sanchar Nigam Limited
(A Govt. of India Enterprise)
Bharat Sanchar Bhavan, Jan path,
New Delhi- 110001


File No.3-1 20I0-TE
Dated  : 24.03.2014
To
All Heads of Telecom. Circles/
All Heads of Metro Distts/
Other Administrative Units, BSNL.

Sub: Declaration of Holiday on 14th April 2014 – Birthday of Dr.B.R.Ambedkar.

I am directed to forward herewith a copy of Ministry of Personnel, Public Grievances & Pensions (Deptt. of Personnel & Training) O.M. No.12/4/20I4-JCA-2 Dated 12.03.2014 on the subject cited above for information, guidance and necessary action.

Encl: As above
sd/-

(J.K.Mishra)
Asstt. General Manager (Estt.-II)
Source: http://www.bsnleuchq.com/HOLIDAY_20.03.2014_FULL.PDF

Income Tax Offices shall remain open on 29th, 30th and 31st of March, 2014

Income Tax Offices shall remain open on 29th, 30th and 31st of March, 2014

F.No.225/138/2014/ITA.II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes

New Delhi, the 24th March, 2014
Order under Section 119(1) of the Income tax Act, 1961.

The Financial Year 2013-14 closes on 31.3.2014. In view of closer of office on 29th and 30th of March being Saturday and Sunday and also on 31st March at some stations being Gudi Padava, Ugadi etc. the field Income Tax Offices through-out India shall remain open and the receipts counters shall also work during normal office hours on 29th, 30th and 31st of March, 2014. This direction is issued for administrative convenience by the Central Board of Direct Taxes in exercise of powers conferred under section 119 of the Income Tax Act, 1961.

Special arrangements may also be made by way of opening additional receipt counters, wherever required on 29th, 30th and 31st March 2014 to facilitate filing of return of income and other related work of tax payers. These instructions may be given wide publicity.

sd/-
(Richa Rastogi)
Under Secretary to the Government of India
Source: www.incometaxindia.gov.in
[http://www.incometaxindia.gov.in/archive/BreakingNews_CBDT_NewDelhi_25032014.pdf]

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