Friday, August 1, 2014

IRTSA demands to grant of Merger of DA and Interim Relief

IRTSA demands to grant of Merger of DA and Interim Relief

Following the major federations of Central Government employees, now the Indian Railways Technical Supervisors Association also submitted a supplementary memorandum for grant of Interim Relief and Merger of Dearness Allowance.
All eyes on the major demand of DA Merger and Interim Relief…
Supplementary Memorandum submitted by IRTSA to 7th Pay Commission for grant of Interim Relief and Merger of Dearness Allowance 28.07.2014

Click here:  http://www.irtsa.net/pdfdocs/Supplementary_Memo_for_IR_&_Merger_of_DA_to_7CPC.pdf

Extension of last date for filing of Income Tax Returns – Extended upto 5th August

Extension of last date for filing of Income Tax Returns – Extended upto 5th August
Last date for filing of Income Tax Returns extended to August 5
The government on Wednesday extended the last date for filing of income tax returns by five days to August 5, 2014.
The due date,which was July 31,has been extended in wake of “unprecedented surge” in number of I-T returns being filed electronically.

“As a measure of taxpayers convenience,it has been decided to extend the due date of filing of returns from July 31,2013 to August 5,2013,” the Finance Ministry said.

As per the Central Board of Direct Taxes (CBDT),there has been an unprecedented surge in number of returns being e-filed.

This year till July 30,about 92 lakh returns have been electronically filed,which is 46.8 per cent higher than the returns e-filed during the corresponding period last fiscal.

Source:  http://indianexpress.com

Dearness Allowance for Bank Employees – Bank DA to increase 33 slabs from August 2014

Dearness Allowance for Bank Employees – Bank DA to increase 33 slabs from August 2014
Bank D.A. to increase 33 slabs, Pensioners to get 17 slabs more from August 2014
33 SLABS INCREASE IN DA FOR BANK WORKMEN/OFFICERS FOR AUGUST SEPT AND OCT’14 QUARTER

Labour Bureau,Ministry of Labour and Employment,Govt.of India, has released All India Consumer Price Index Numbers for Industrial Workers ,Base 2001=100 for the month of June’14,today which stood at 246 points with an increase of 2 points while compared to May figure.

Thus the confirmed All India average CPI(IW) 1960=100 for the quarter would be 5569.52.As such there will be 33 slabs increase in DA for bank Staff at 102.45 % (as against 97.50% in previous quarter with 4 .95% increase)as per details furnished here under:

Base Year 2001=100 1960=100
APR 242 5523.87
MAY 244 5569.52
JUNE 246 5615.17
Average index 5569.52
Less merged index(9thBPS) 2836
Slabs 683
Increase (683 -old 650) 33 slabs
DA. @0.15% 102.45%

The quantum of increase in DA to Bank Officers,Clerks and Sub Staff for the next quarter –August to October’14 is furnished here under; Kindly note that DA details are given only for information and wait for Official DA circular of IBA which will be released shortly.

Source: www.paycommissionupdate.blogspot.in

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