All salaried people are always worried about their income tax and TDS (Tax Deducted at Source) from Salary. All other tax payers should pay tax only for their net income which means income after deducting their expenses
How to check your TDS on Salary is deposited properly?
Tuesday 30 October 2012
Monday 22 October 2012
Employment News Job Highlights 20 Oct - 26 Oct 2102
Employment News 20 October - 26 October 2012 is published with a few new government job vacancies. Vacancies of 644 constables is in CRPF, 325 Semi skilled workman need in Ordnance Factory and 387 Specialist Officers vacancy in IOB etc are a few of them. The important job vacancies of the Employment News are listed below:-
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Above mentioned job vacancies are from employment news 20 October- 26 October 2012. Those who are interested to apply for any of the jobs and to read more job vacancies, read employment news 20 October - 26 October 2102 online or offline.
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Sunday 14 October 2012
How to handle PPF Account in Maturity?
You can handle your PPF account when mature in three ways, withdraw the full amount or extend for another 5 years block period with two
How to handle PPF Account in Maturity?
How to handle PPF Account in Maturity?
Saturday 13 October 2012
Retirement Saving is the most effective investment
workers have to be compelled to confirm that they need some suitable pension plan or they're going to find themselves without getting financial gain once they retire
Retirement Saving is the most effective investment
Retirement Saving is the most effective investment
Saturday 6 October 2012
Non-Productivity Linked Bonus (ad-hoc bonus) to Central Government Employees for the year 2011-12.
No 7/24/2007/E III (A)
Government of India
Ministry of Finance
Department of Expenditure
E III (A) Branch
Government of India
Ministry of Finance
Department of Expenditure
E III (A) Branch
New Delhi, the 5th October, 2012
OFFICE MEMORANDUM
Subject: – Grant of Non-Productivity Linked Bonus (ad-hoc bonus) to Central Government Employees for the year 2011-12.
The undersigned is directed to convey the sanction of the President to the grant of Non-Productivity Linked Bonus (Ad-hoc Bonus) equivalent to 30 days emoluments for the accounting year 2011-12 to the Central Government employees in Groups ‘C’ and ‘D’ and all non-gazetted employees in Group ‘B’, who are not covered by any Productivity Linked Bonus Scheme. The calculation ceiling for payment of ad-hoc Bonus under these orders shall continue to be monthly emoluments of Rs 3500/-, as hitherto. The payment of ad-hoc Bonus under these orders will also be admissible to the eligible employees of Central Para Military Forces and Armed Forces. The orders will be deemed to be extended to the employees of Union Territory Administration which follow the Central Government pattern of emoluments and are not covered by any other bonus or ex-gratia scheme.
2. The benefit will be admissible subject to the following terms and conditions:
(i) Only those employees who were in service as on 31.3.2012 and have rendered at least six months of continuous service during the year 2011-12 will be eligible for payment under these orders. Pro-rata payment will be admissible to the eligible employees for period of continuous service during the year from six months to a full year, the eligibility period being taken in terms of number of months of service (rounded off to the nearest number of months).
(ii) The quantum of Non-PLB (ad-hoc bonus) will be worked out on the basis of average emoluments / calculation ceiling whichever is lower. To calculate Non-PLB (Ad-hoc bonus) for one day, the average emoluments in a year will be divided by 30.4 (average number of days in a month). This will thereafter be multiplied by the number of days of bonus granted. To illustrate, taking the calculation ceiling of monthly emoluments of Rs.3500 (where actual average emoluments exceed Rs.3500), Non-PLB (Ad-hoc Bonus) for thirty days would work out to Rs. 3500×30/30.4=Rs.3453.95 (rounded off to Rs 3454/-).
(iii) The casual labour who have worked in offices following a 6 days week for at least 240 days for each year for 3 years or more (206 days in each year for 3 years or more in the case of offices observing 5 days week), will be eligible for this Non-PLB (Ad-hoc Bonus) Payment. The amount of Non-PLB (ad-hoc bonus) payable will be (Rs.1200×30/30.4 i.e.Rs.1184.21 (rounded off to Rs.1184/-). In cases where the actual emoluments fall below Rs.1200/- p.m., the amount will be calculated on actual monthly emoluments.
(iv) All payments under these orders will be rounded off to the nearest rupee
(v) The clarificatory orders issued vide this Ministry’s OM No.F.14 (10)—E.Coord/88 dated 4.10.1988, as amended from time to time, would hold good.
3. The expenditure on this account will be debitable to the respective Heads to which the pay and allowances of these employees are debited.
4. The expenditure incurred on account of Non-PLB (Ad-hoc Bonus) is to be met from within the sanctioned budget provision of concerned Ministries/Departments for the current year.
5. In so far as the persons serving in the Indian Audit and Accounts Department are concerned, these orders are issued in consultation with the Comptroller and Auditor General of India.
sd/-
(Amar Nath Singh)
Deputy Secretary
Thursday 4 October 2012
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