Sunday, July 29, 2018

Rates of Income-Tax for the financial year 2017-18

RATES OF INCOME-TAX AS PER FINANCE ACT, 2017:

As per the Finance Act, 2017, income-tax is required to be deducted under Section 192 of the Act from income chargeable under the head "Salaries" for the financial year 2017-18 (i.e. Assessment Year 2018-19) at the following rates:

2.1 Rates of tax

A. Normal Rates of tax:
SI.NoTotal IncomeRate of tax
1Where the total income does not exceed Rs. 2,50,000/-.Nil
2Where the total income exceeds Rs. 2,50,000/- but does not exceed Rs. 5,00,000/-.5 per cent of the amount by which the total income exceeds Rs. 2,50,000/-
3Where the total income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-.Rs. 12,500/- plus 20 per cent of the amount by which the total income exceeds Rs. 5,00,000/-.
4Where the total income exceeds Rs. 10,00,000/-.Rs. 1,12,500/- plus 30 per cent of the amount by which the total income exceeds Rs. 10,00,000/-

B. Rates of tax for every individual, resident in India, who is of the age of sixty years or more but less than eighty years at any time during the financial year:
SI NoTotal IncomeRate of tax
1Where the total income does not exceed Rs. 3,00,000/-Nil
2Where the total income exceeds Rs. 3,00,000 but does not exceed Rs. 5,00,000/-5 per cent of the amount by which the total income exceeds Rs. 3,00,000/-
3Where the total income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-Rs. 10,000/- plus 20 per cent of the amount by
which the total income exceeds Rs. 5,00,000/-.
4Where the total income exceeds Rs. 10,00,000/-Rs. 1,10,000/- plus 30 per cent of the amount by which the total income exceeds Rs. 10,00,000/-

C. In case of every individual being a resident in India, who is of the age of eighty years or more at any time during the financial year:
SI NoTotal IncomeRate of tax
1Where the total income does not exceed Rs. 5,00,000/-Nil
2Where the total income exceeds Rs. 5,00,000 but does not exceed Rs. 10,00,000/-20 per cent of the amount by which the total income exceeds Rs. 5,00,000/-
4Where the total income exceeds Rs. 10,00,000/-Rs. 1,00,000/- plus 30 per cent of the amount by which the total income exceeds Rs. 10,00,000/-

2.2 Surcharge on Income tax:
The amount of income-tax computed in accordance with the preceding provisions of this Paragraph, or the provisions of section 111A or section 112 of the Act, shall, in the case of every individual or Hindu undivided family or association of persons or body of individuals, whether incorporated or not, or every artificial juridical person referred to in sub-clause (vii) of clause (31) of section 2 of the Act, will be as under:
(a) having a total income exceeding fifty lakh rupees but not exceeding one crore rupees, at the rate of ten percent of such income-tax and
(b) having a total income exceeding one crore rupees, at the rate of fifteen percent of such income-tax:

Provided that in the case of persons mentioned above having total income exceeding;-
(a) Fifty lakh rupees but not exceeding one crore rupees, the total amount payable as income-tax and surcharge on such income shall not exceed the total amount payable as income-tax on a total income of fifty lakh rupees by more than the amount of income that exceeds fifty lakh rupees;
(b) one crore rupees, the total amount payable as income-tax and surcharge on such income shall not exceed the total amount payable as income-tax on a total income of one crore rupees by more than the amount of income that exceeds one crore rupees.

2.3.1 Education Cess on Income tax:
The amount of income-tax including the surcharge if any, shall be increased by Education Cess on Income Tax at the rate of two percent of the income-tax.

2.3.2 Secondary and Higher Education Cess on Income-tax:
An additional education cess is chargeable at the rate of one percent of income-tax including the surcharge, if any, but not including the Education Cess on income tax as in 2.3.1.

Calculation of Income tax an Employee Below 60 Age A.Y.2018-19

Calculation of Income tax an Employee Below 60 Age A.Y.2018-19
ANNEXURE-I
SOME ILLUSTRATIONS
Example 1
For Assessment Year 2018-19

(A) Calculation of Income tax in the case of an employee(Male or Female) below the age of sixty years and having gross salary income of:
i) Rs.2,50,000/- ,

ii) Rs.5,00,000/- ,

iii) Rs.10,00,000/-

iv) Rs.55,00,000/-. and

v) Rs. 1,10,00,000/-

(B) What will be the amount of TDS in case of above employees, if PAN is not submitted by them to their DDOs/Offices:

ParticularsRupeesRupeesRupeesRupeesRupees
(i)(ii)(iii)(iv)(v)
Gross Salary Income (including allowances)2,50,0004,00,00010,00,00055,00,0001,10,00,000
Contribution of G.P.F.45,00050,0001,00,0001,00,0001,00,000
Computation of Total Income and tax payable thereon
ParticularsRupeesRupeesRupeesRupeesRupees
(i)(ii)(iii)(iv)(v)
Gross Salary2,50,0004,00,00010,00,00055,00,0001,10,00,000
Less: Deduction U/s 80C45,00050,0001,00,0001,00,0001,00,000
Taxable Income2,05,0003,50,0009,00,00054,00,0001,09,00,000
(A) Tax thereonNil2,500*92,50014,32,50030,82,500
Surcharge1,43,2504,62,375
Add:Nil50185031,51570,898
(i)   Education Cess @ 2%.Nil2592515,75835,449
(ii) Secondary and Higher Education Cess @1%
Total tax payableNil2,57595,27516,23,02336,51,222
* After rebate of Rs 2500 u/s 87A

Shifting of CGHS Perambur Wellness Centre

Shifting of CGHS Perambur Wellness Centre
CGHS Perambur Wellness Centre functioning at No.28 (New No.45) Perambur Hgh Road, Chennai - 600 012 will function at the following address with effect from 2nd April 2018.

New Address:

No.1, SRP Koil Street, Peravallur, Agaram Junction, Perambur, Chennai - 600 082

List of Wellness Centres in Chennai
S.NONAMEADDRESS
1ADYAR WCBlock No 122/169-170, CPWD Quarters, Indira Nagar, Adyar, Chennai-600020
2ANNA NAGAR WC &ANNA NAGAR POLYCLINICCentral Revenue Quarters, No.15, Ranganathan Garden, Anna Nagar, Chennai-600040
3AVADI WCHeavy Vehicles Factory Complex, Avadi, Chennai-600054
4GOPALAPURAM WCNo1, 1st street, Goplapuram, Chennai-600086
5GUINDY WCBlock No,6/1-5, BCG Staff quarters, Guindy, Chennai-600032
6KK NAGAR WC & KKNAGAR POLYCLINICCPWD Quarters, KK Nagar,    Chennai-600078
7MEENAMBAKKAM WCDGQA Complex, Meenambakkam, Chennai-600114
8NANDAMBAKKAM WCQuarter No. 16-19, CDA Residential Complex, Nandambakkam, Chennai-600089
9NUNGAMBAKKAM WCC&B Block, Ist Floor, Shastri Bhavan, Haddows Road, Chennai-600006
10PERAMBUR WCNo.1 srp koil street Agaram Junction Perambur, Chennai
11RA PURAM WCNo.6, Kamaraj Salai, RA Puram, Chennai-600028
12ROYAPURAM WCCPT QUATERS CLIVE BATTERY E1 BLOCK CHENNAI
13TRIPLICANE WCCPT QUATERS NAPIER BRIDGE A1 BLOCK CHENNAI
14VEPERY WCNo .10 1st floor ,Vasu Street Kilpauk chennai 600010
15PUDUCHERRY WCIGMC&RI KADIRKAMAM PUDUCHERRY 605009
16(CMS )CENTRAL MEDICAL STORESCMS RAJAJI BHAVA

STAFF SELECTION COMMISSION GD Constable Recruitment Online Application 2018

STAFF SELECTION COMMISSION GD Constable Recruitment Online Application 2018

Constables (GD) in Central Armed Police Forces (CAPFs), NIA & SSF and Rifleman (GD) in Assam Rifles (AR) Examination, 2018
On line registration opening Date: 21.07.2018
On line registration Closing Date: 20.08.2018
Computer based Examination date: To be notified later
"GOVERNMENT STRIVES TO HAVE A WORKFORCE WHICH REFLECTS GENDER BALANCE AND WOMEN CANDIDATES ARE ENCOURAGED TO APPLY"

Click here for PDF Notification

Recruitment of Pharmacists in CGHS Delhi July 2018

Recruitment of Pharmacists in CGHS Delhi (July 2018)

OFFICE OF THE ADDITIONAL DIRECTOR
CENTRAL GOVERNMENT HEALTH SCHEME, DELHI

Ministry of Health and Family Welfare, Govt. of India

ADVERTISEMENT FOR RECRUITMENT OF VACANCIES AT CGHS, DELHI
Online recruitment applications are invited from eligible candidates for filling up following vacancies at Central Government Health Scheme, Delhi.

Candidates can apply ONLINE only at https://cghsrecruitment.mahaonline.gov.in.

*Candidates who have applied for the post of Pharmacist (Unani) earlier vide advertisement no. 49/84 dated 3-9th March, 2018 published in the Employment News need not apply again.

Closing date for application: 30 (Thirty) days from date of publication of this advertisement. For eligibility and other details please visit https://cghsrecruitment.mahaonline.gov.in and cghs.gov.in.

However online applications will only be submitted at https://cghsrecruitment.mahaonline.gov.in

The number of vacancies shown are tentative and actual may vary.

(Dr. Sanjay Jain)
Additional Director,
CGHS, Delhi
Source: https://cghs.gov.in

Employment News Weekly Job Highlights July 2018

Employment News July 2018 - 54000 Vacancies in NIA, SSF and Assam Rifles
Employment News Weekly Job Highlights July 2018

JOB HIGHLIGHTS
DEDICATED FREIGHT CORRIDOR CORPORATION OF INDIA LIMITED
Name Of Post : Executive, Junior Executive and Multi Tasking
No.of Vacancies : 1572
Last Date :31.08.2018

CENTRAL ARMED POLICE FORCES
Name Of Post : NIA, SSF and Assam Rifles
No.of Vacancies : 54000
Last Date :20.08.2018

DELHI SUBORDINATE SERVICES SELECTION BOARD
Name Of Post : Pharmacist, Nursing Officers, Radiographer, Speech Therapist etc
No.of Vacancies : 1650
Last Date :13.08.2018

CENTRAL UNIVERSITY OF PUNJAB
Name Of Post : Professor and Assistant Professor.
No.of Vacancies : 58
Last Date :30.08.2018

Source: http://employmentnews.gov.in

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