CENTRAL TRADE UNIONS NATIONAL CONVENTION OF WORKERS WAS HELD ON 26.05.2015 DECLARATION.

  The National Convention Calls upon the Central Trade Unions All India General Strike on 2nd September, 2015. 

NATIONAL CONVENTION OF WORKERS, 26.5.2015, DELHI

DECLARATION

Amendment in Section 192A of the IT Act, 1961 - Instructions for deduction of TDS on withdrawal from PF

Employees' Provident Fund Organisation

(Ministry of Labour & Employment, Govt. of India)

Bhavishya Nidhi Bhawan, 14-Bhikaji Cama Place, New Delhi-110066

No. WSU/6(1)2011/IT/Vol- IV

Date: 21 MAY 2015

All Add. CPFC (Zones)
All RPFC/OIC of
ROs/SROs.

Sub: Amendment in Section 192A of the IT Act, 1961 - Instructions for deduction of TDS on withdrawal from PF.

Ref: Head Office circular of even number dated 18.03.2015.

Sir/Madam.
The Finance Act, 2015 (20 of 2015) has inserted a new section 192A regarding the payment of accumulated provident fund balance due to an employee.  The provision shall take effect from 1st June, 2015.  A copy of the said provision is enclosed for information.

2.  Income Tax shall be deducted at source (TDS) at the following rates if at the time of payment of the accumulated PF balance is more than or equal to Rs.30,000/-, with service less than 5 years:-

a) TDS will be deducted @ 10% provided PAN is submitted.  In case Form No. 15G or 15H is submitted by the member, then no TDS shall be deducted.

b) TDS will be deducted @ maximum marginal rate (i.e. 34.608%) if a member fails to submit PAN (and no Form No. 15G or 15H)

3.  TDS shall not be deducted in respect of the following cases:-
Transfer of PF from one account to another PF account.
Termination of service due to ill health of member, discontinuation/contraction of business by employer, completion of project or other cause beyond the control of the member.
If employee withdraws PF after a period of five years of continuous service, including service with former employer.
If PF payment is less than Rs. 30,000/- but the member has rendered service of less than 5 years.
If employee withdraws amount more than or equal to Rs.30,000/-, with service less than 5 years but submits Form 15G/15H along with their PAN
A flow-chart is appended for understanding the implications of the amended provisions in the Income Tax Act, 1961.

4. Kindly take note that TDS is deductible at the time of payment of provident fund in Form No. 19. Form No. 15H is for senior citizens (60 years & above) while Form No. 15G is for individuals having no taxable income.  Form 15G & 15H are self-declarations and may be accepted as such in duplicate.  Form 15G & 15H may not be accepted if amount of withdrawal is more than 2,50,000/- and Rs.3,00,000/- respectively.  Members shall quote PAN in Form No.15G/15H and in Form No. 19.  The field offices may purchase pre-printed Form No. 15G & 15H to assist the members in filling up Form No. 19.

5.  The process for authorization of Form No. 19 shall be as per the existing system.  However, wherever TDS has to be deducted @10%, the same may be approved on Form No. 19 by the APFC (Accounts).  Wherever the TDS has to be deducted @34.608%, the same may be approved on Form No. 19 by a RPFC level officer.  These instructions shall apply in initial stages of implementation of the amended income tax provisions.  Since the members may not be aware of the new provision, therefore, it shall be the responsibility of SSA (Accounts) to communicate the same to the member on telephone and record the same in Form No. 19 to submit PAN, Form No. 15G/15H, if applicable.  A system generated statement of Tax Deducted at Source (TDS) may invariably be sent to the member.

6.  Members who have rendered continuous service of 5 years or more, including service with former employer, shall not be required to submit PAN and Form No. 15G/15H along with Form No. 19.  Similarly, members whose service has been terminated due to his ill health, contraction or discontinuance of business of employer or other cause beyond the control of the member shall not be required to submit PAN, Form No. 15G/15H alongwith Form No. 19.  In such cases no income TAX (TDS) shall be deducted in terms of Rule 8 of Fourth Schedule to the Income Tax Act, 1961.

7.  The field offices shall deposit the Tax Deducted at Source (TDS) and returns thereof by 7th of the following month.  The existing TAN number obtained the respective offices may be used to deposit tax to the local income tax authority.  The in-house responsibility for deposit of tax and returns thereof shall lie with Drawing & Disbursing Officer (DDO) as per the existing system.  The concerned officers and staff may be given an in-house training for implementation of new provisions of RPFCs may engage CAs, who are on our panel.

8.  The above should be made applicable with effect from 01.06.2015 and all steps should be taken before hand such as procuring copies of Form 15G and 15H.  In case of any clarification, the same may be escalated to the Head Office.

Yours faithfully,

Encl: As above.

(Sanjay Kumar)

FA&CAO

EXPECTED DEARNESS ALLOWANCE (DA) FROM THE MONTH OF JULY 2015-AICPIN APRIL RELEASED

No. 5/1/2015- CPI

GOVERNMENT OF INDIA

MINISTRY OF LABOUR & EMPLOYMENT

LABOUR BUREAU

`CLEREMONT’, SHIMLA-171004

DATED : 29th May, 2015

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) – April, 2015

The All-India CPI-IW for April, 2015 increased by 2 points and pegged at 256 (two hundred and fifty six). On 1-month percentage change, it increased by (+) 0.79 per cent between March, 2015 and April, 2015 when compared with the increase of (+) 1.26 per cent between the same two months a year ago.

The maximum upward pressure to the change in current index came from Food group contributing (+) 1.24 percentage points to the total change. At item level, Rice, Arhar Dal, Gram Dal, Urd Dal, Fish Fresh, Goat Meat, Poultry (Chicken), Milk (Buffalo & Cow), Vegetable & Fruit items, Tea (Readymade), Snack (Sweet & Saltish), Country Liquor, Electricity Charges, Doctor’s Fee, Private Tuition Fee, Tailoring Charges, etc. are responsible for the increase in index. However, this increase was restricted by Eggs (Hen), Onion, Chillies Green, Sugar, Petrol, Flower/Flower Garlands, etc., putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 5.79 per cent for April, 2015 as compared to 6.28 per cent for the previous month and 7.08 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 5.68 per cent against 6.98 per cent of the previous month and 7.76 per cent during the corresponding month of the previous year.

At centre level, Srinagar reported the highest increase of 9 points followed by Bhilai (5 points). Among others, 4 points increase was observed in 14 centres, 3 points in 9 centres, 2 points in 14 centres and 1 point in 18 centres. On the contrary, Giridih centre recorded a maximum decrease of 6 points followed by Guntur (3 points) and Ranchi-Hatia and Godavarikhani (2 points each). Among others, 1 point decrease was observed in 8 centres. Rest of the 9 centres’ indices remained stationary.

The indices of 36 centres are above All India Index and other 42 centres’ indices are below national average.

The next index of CPI-IW for the month of May, 2015 will be released on Tuesday, 30th June.

(S S NEGI)

DIRECTOR

"Snapdeal" offered Discount on purchases to Postal Dept Employees

A copy of Postal Directorate letter no 11-10/2014 - BD& MD dated 01.05.2015 on the above subject matter is reproduced below.

Inter Ministerial committee to hold threadbare discussions with representatives of Central Trade Unions on 10 point charter of demands

Press Information Bureau
Government of India
Ministry of Labour & Employment

26-May-2015 11:48 IST

 

PRESS NOTE  

The Government has decided to constitute following Inter Ministerial committee to hold threadbare discussions with representatives of Central Trade Unions on 10 point charter of demands and other issues being raised by them and for recommending measures to address those issues:- 

1.Shri Arun Jaitley, Finance Minister

2.Shri Bandaru Dattatreya, Minister of State(I/C) for Labour & Employment

3.Shri Dharmendra Pradhan, Minister of State(I/C) for Petroleum & Natural Gas

4.Shri Piyush Goyal, Minister of State(I/C) for Power

5.Dr.Jitendra Singh, Minister of State in the Prime Minister’s Office

The Secretarial assistance to this committee will be provided by the Ministry of Labour & Employment.

***   

Ministry of Labour and Employment

Government of India
New Delhi:  May 26, 2015 

SUPREME COURT JUDGEMENT ON POSTMAN PAY SCALES FROM 01-01-1996.

List of Banks using Finacle worldwide

Finacle is the universal banking solution of choice of all leading banks and large regional banks across the world. Leading universal, retail and corporate banks worldwide leverage the power of Finacle to transform their business. 

Banks using Finacle Platform  are spread across 78 countries globally from Far East Asia to Middle East and Western Europe as the following stats depicts.

Following Banks are using Finacle , The list is large but we brought you some of leading Banks using this Platform.

• India Post
• ALEXBANK, 
• ANZ BANK, 
• ARAB NATIONAL BANK,
• BANK DHOFAR, 
• CO-OPERATIVE FINANCIAL SERVICES, 
• CREDIT SUISSE, 
• DBS BANK, 
• EMIRATES BANK, 
• FIRST BANK OF NIGERIA,
• HATTON NATIONAL BANK, 
• ICICI BANK, 
• NATIONAL AUSTRALIA GROUP EUROPE, 
• NYKREDIT, 
• POSTBANK UGANDA LTD,
• RAIFFEISSENBANK, 
• SOCIÉTÉ GÉNÉRALE
• ZURICH FINANCIAL SERVICES.
• ABN AMRO 
• NATIONAL COMMERCIAL BANK OF SAUDI ARABIA 
• MIZUHO CORPORATE BANK
• FEDERAL BANK
• BANK OF INDIA
• BANK OF BARODA
• ANDHRA BANK
• PUNJAB NATIONAL BANK
• UNION BANK OF INDIA
• IDBI BANK
• INDUSIND BANK
• SBI INTERNATIONAL OPERATION
• VIJAYA BANK
• UCO BANK
• ING Vysya Bank Ltd.
• Oriental Bank Of Commerce

Revision of Service Tax on PLI w.e.f 01.06.2015 - PLI Directorate order

PLI Directorate decied to increase the service tax on PLI with effect from 01.06.2015. The rates of Service Tax got upward revision as under vide Government of India, Ministry of Finance, Department of Revenue Notification NO 5/2015-Service tax ct. 01-03-2015.

•      Revised ST For First year Premium is 3.50% (from 3.09%)
•     Revised ST for Renewal Premium is 1.75% (from 1.545%)

There will be no Cess on Service Tax

The revised rates of ST shall be applicable w.e.f 01.06.2015 as per Government of India, Ministry of Finance , Department of Revenue Notification No 15/2015- Service tax dt. 19.05.2015

Click here to Download updated PLI Service Tax Calculator

The order issued by PLI Directorate regarding this subject is given below for reference.

Directory of Non-Statutory Departmental Canteens/Tiffin Rooms located in Central Government Offices in India-reg. (Click the link below for details)

http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02adm/dt.pdf

India Post to shake Nationalised Banks with highest number of CBS branches

Dearness Relief from Jan-2015 Order issued for CPF beneficiaries in receipt of Ex-gratia payment

CLICK HERE FOR DETAILS

Pay fixation of direct recruit Assistants appointed after 1.1.2006-Stepping up of pay of DRs with reference to the pay of junior promotee Assistants- Clarification

CLICK HERE FOR ORDER

Stepping up of pay of direct recruit Assistants at par with promoted UDC – Dopt Clarification

Pay fixation of direct recruit Assistants appointed after 1.1.2006-Stepping up of pay of DRs with reference to the pay of junior promotee Assistants- Clarification by DoPT

G.I., Dept. of Per. & Trg., O.M.F.No.7/7/2008-CS.I(A), dated 25.5.2015

Subject: Pay fixation of direct recruit Assistants appointed after 1.1.2006 – Stepping up of pay of DRs with reference to the pay of junior promotee Assistants – Clarification regarding.

The undersigned is directed to draw attention to the issue of stepping up of pay of direct recruit Assistants, appointed on or after 1.1.2006 at par with the pay of the UDCs promoted and appointed to the post of Assistant between 1.1.2006 to 31.8.2008 Whose pay has been fixed in terms of para 2(c) of Department of Expenditure’s U.O. No.10/1/2009-IC dated 14.12.2009.

2. The matter has been examined in this Department in consultation with the Department of Expenditure and they are of the view that as per the CCS (RP) Rules, 2008, the stepping up of pay is allowed if the anomaly in pay, if at all arising, is a direct outcome of fixation of pay in the revised pay scale from the pre-revised scale to the effect that the senior who was drawing higher pay in the pre-revised scale, starts drawing lower pay in the revised scale. However, in the case of direct recruit Assistants appointed on or after 1.1.2006, the direct recruits never drew the pre-revised pay prior to 1.1.2006. Further, Department of Expenditure’s U.O. dated 14.12.2009 relates to fixation of pay in revised scale from pre-revised scale of pay.

3. All the Ministries /Departments are therefore advised to review all the cases wherein stepping up of pay has been allowed to direct recruit Assistants appointed on or after 1.1.2006 with reference to the pay of their junior promotee Assistants. The pay fixation in revised pay structure of such direct recruit Assistants be revised immediately and action be initiated for effecting recoveries of excess payments, if any, as per extant instructions.

GOOD NEWS FOR OUR GDS, Letter for Inclusion of the issues of GDS within the purview of 7th CPC

GENERAL BODY MEETING

Dear comrades,

     Thanks to all who have attended the General body meeting held on 25/05/2015(sunday) . We have discussed so many issues regarding our problems which are being faced by us under the Presidentship of Sri.Akula Srinivasan -PIII, Sri.M.Sambasiva Rao Hon'ble President P-III, Sri N.Srinivasa Rao, Regional Representative.We will reproduce our problems and issues before our Supdt of Pos, Gudivada at the earliest.

Thank you,
GPRK Phani Kumar,
Div.Secretary,
BPEA,Gudivada.

ORIGIN

DEAR COMRADES,
WELCOME TO BPEA,GUDIVADA 

OUR UNION MEETING IS GOING TO BE HELD ON THIS SUNDAY (24/05/2015) SO 

COMRADES PLEASE DO ATTEND.