AFTER 2004 RECRUITERS

New employees behind the lapse of grant of 60% arrears.....


Employees who mustered into Central Government establishments after 1.1.2004 has ten percent of their salary (Basic Pay + Dearness Allowance + Dearness Pay) deducted as result of their induction into the New Pension Scheme.

Bearing no knowledge of this New Pension Scheme and having five years rolled by, beginning of this year the government has brought into issue an application form. Requesting PRAN (Permanent Retirement Account Number) number in this application, it has questioned to what scheme (Scheme ‘A’, ‘B’, and ‘C’) and percentage should their savings be invested.

With no whereabouts of any knowledge of this question in their mind they have given filled up application on their part. Some instead of returning the application filled up, they have kept it themselves. Moreover the Government by itself has not taken any steps regarding this.

By the instance, the Government has given equal amount to the deducted amount as by the New Pension Scheme. The doubled amount along with the interest has been given as statements to them. Last year 40% arrears have also been disbursed.

Everyone has been taken aback by shock by the Government decision in the scenario of expectation of the remaining of 60% arrears.

Having not singed the New Pension Scheme registration form the Government has announced that their (Employees appointed on or after 1.1.2004) 60% arrears would not be granted.

FILLED WITH DREAMS AND FASCINATIONS THIS ORDER HAS STRUCK DOWN UPON AS THUNDER THEM..!

WHO HOLD THE RESPONSIBILITY FOR THIS…!SOURCE;STAFF NEWS

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DETUCT TAX AT SOURCE

Deduction of tax at source from payments of second installment of arrears - Reg.
F.No.275/192/2008-IT(B)

Government of India

Ministry of Finance

Department of Revenue

*****

NewDelhi,Dated 31th August,2009.




Subject:- Clarification regarding deduction of tax at source from payments of second installment of arrears to Government employees on account of implementation of Sixth Central Pay Commission’s recommendations matter regarding.




Under the provisions of Section 192 of the Income-tax Act, an employer is required to deduct tax at source from any payments in the nature of salary, which inter alia also includes any arrear payments. The Implementation Cell of the Department of Expenditure, Govt of India, vide its Office Order dated 30th Aug’08 had stated that 40% of the aggregate arrear (first installment of arrears) would be payable during FY 2008-09. In Circular No. 09/2008 dated 29th Sept.2008 issued from this office it was stated that during 2008-09 the tax has to be deducted at source on this 40% of aggregate arrear during FY 2008-09The OM,F.No-1//1/2008-IC, of the Implementation Cell of the Department of Expenditure, Govt of India, vide its order dated 25th August,2009 has stated that the remaining 60% of the aggregate arrear (second installment of arrears) would be paid to the concerned Government servants during FY 2009-10. Such arrangements could be followed by State Governments also.

In this regard, all the DDOs and PAOs as the case may be, in the Central/State Government and various organizations under them are advised to compute the correct tax liability of every employee on second installment of arrears drawn by him and immediately recover the full tax liability along with education cess thereon at the rates in force. The deduction of tax at source on such arrear payment should not be deferred in any circumstance. They should further ensure that the tax so recovered is paid to the account of Central Government account immediately as per the Income Tax Rules, 1962. The DDOs/PAOs are further advised that they should ensure that the PAN details of the deductees (recipient of arrears) are correctly quoted in the relevant quarterly e-TDS returns filed by them so that the Government Servants get propercredit of their tax deducted in their respective income tax returns.

DDOs/PAOs who fail to comply with the provisions of Section 192 of the Income-tax Act, 1961 would be liable to pay interest under section 201(1)/(1A) of Income Tax Act along with other penal consequences.

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60%ARREARS

60%ARREARS
CONGRATULATIONS!
POSTAL DEPARTMENT EMPLOYEES RECEIVED THEIR ARREARS.
Posted by AMMAN at Sunday, August 30, 2009

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