Granting of fixation benefit in cases of promotion from one post to another where the promotional post carries the same grade pay as the feeder post - IT Department

Granting of fixation benefit in cases of promotion from one post to another where the promotional post carries the same grade pay as the feeder post - IT Department

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

CENTRAL BOARD OF DIRECT TAXES

DIRECTORATE OF INCOME TAX

(HUMAN RESOURCE DEVELOPMENT)

ICADR Building, Plot No. 6, Vasant Kunj Institutional Area Phase-II

New Delhi— 110070. Ph. 26130592. Fax 26130594

F.NO.HRD/CM/MIsc/221/1/2013- 14/2727 

Dated the 16th July, 2014

OFFICE MEMORANDUM

The undersigned is directed to refer to this Directorate letter F.No I-IRD/CM/Misc /221/1/2012-13 dated 08.01.2013 circulating the Department of Exependiture’s Office Memorandum No.10/02/2011-E.III/A dated 07.01.2013 communicating the decision of the Government to grant fixation benefit in cases of promotion from one post to another where the promotional post carries the same grade pay as the feeder post. It is stated in the above referred Office Memorandum that the fixation of pay in such cases shall be as per Rule 13(i) of the CCS (Revised Pay) Rules. 2008.

In this regard. the undersigned is directed to convey the approval of the Department of Expenditure on the proposal of the Department seeking fixation of pay under Rule 13 (j) of the CCS (Revised Pay) Rules. 2008 in cases of promotion from (a) Steno Grade-II (till merger of Steno Grade -I and II in the year 2010) to Steno Grade-I and (b) Sr Tax Assistant to Office Superintendent where both feeder and promotional posts are in the same Grade Pay in terms of Department of Expenditures Office Memorandum No 10/02/2011-E.III/A dated 07.01.2013 subject to the condition that fixation of pay in such cases was done as per FR 22(1 )(a)( I) prior to 01.01.2006.

sd/-

(Sanjay Gosain)

Deputy Director of Income Tax (HRD)

Source: www.incometaxindia.gov.in

http://www.incometaxindia.gov.in/archive/OM-NO-2727-dated-16.07.2014.pdf

Contribution made towards disaster relief for the affected people of Uttarakhand- 100% deduction u/s 80G of the Income Tax Act - IRSA's clarifactory communication to all IT heads

Contribution made towards disaster relief for the affected people of Uttarakhand- 100% deduction u/s 80G of the Income Tax Act - IRSA's clarifactory communication to all IT heads

INDIAN REVENUE SERVICE ASSOCIATION

(ALL INDIA BODY)

President	General Secretary
Raminder	Kaushal Rajani Kant Gupta

F.No. IRSA(AIB)/EC/Res./UK-DR/5

Date: 15th July, 2014

To

All Principal Chief Commissioners of Income Tax;

Principal Director General of Income Tax (Admm); 

Principal Director General of Income Tax (Systems); 

Principal Director General of Income Tax (Logistics); 

Principal Director General of Income Tax (HRD); 

Principal Director General of Income Tax (International Taxation); 

Principal Director General of Income Tax (Training), NADT; 

Director General of Income Tax (L&R); 

Director General of Income Tax (Vigilance); 

Director General of Income Tax (Exemption); 

JointSecretary (Admn.). Department of Revenue

Sir/ Madam,

Sub: Contribution made towards disaster relief for the affected people of Uttarakhand- 100% deduction u/s 80G of the Income Tax Act-Reg.

Kindly refer to the Resolution dated 11-07-2013 and subsequent letters of the Executive Committee of the Indian Revenue Service Association (All India Body) calling for contributions towards disaster relief for the affected people of Uttarakhand.

2. In this regard, vide letter No. lR.SA(AlB)/EC,/Res./Ul(-DR/4 dated 05.06.2014 it was brought to the kind notice that 100% deduction under section BOG of the Income Tax Act is available on contributions made for Uttarakhand disaster relief. In this regard, it may further be informed that this 100% deduction is available as per section 8oG(2)(iiihf) of the Income Tax Act and PAN of CM Relief Fund Uttarakhand, for claim of the deduction, is AAAGM0036M.

3. This may kindly be brought to the notice of all concerned.

With highest regards,

Yours faithfully,

sd/-

Rajani Kant Gupta

General Secretary

Source: www.incometaxindia.gov.in 

http://www.incometaxindia.gov.in/archive/uttarakhand-disaster-relief-15-07-2014.pdf

Union Budget 2014-15 : Income Tax exemption limit raised to Rs.2.5 lakh and also raised to Rs 1.5 lakh under Section 80C

Union Budget 2014-15 : Income Tax exemption limit raised to Rs.2.5 lakh and also raised to Rs 1.5 lakh under Section 80C 

Income Tax exemption limit raised to Rs.2.5 lakh and also raised to Rs 1.5 lakh under Section 80C

Some relief to individual and salary tax payers, Finance Minister Arun Jaitley presenting Union Budget 2014-15 today in Parliament, raised individual tax exemption limit to Rs.2.5.lakh from current Rs.2 lakh.

For Senior Citizen tax exemption limit also increased to 3 lakh.


The Central  Government today hiked the exemption limit for investments by individuals in financial instruments to Rs 1.5 lakh under section 80C.

And one more relief to the depositors of Public Provident Fund, the ceiling limit will raised to Rs.1.5. lakh form current level of Rs.1 lakh.

Source: http://centralgovernmentemployeesnews.in/2014/07/income-tax-exemption-limit-raised-rs-2-5-lakh-also-raised-rs-1-5-lakh-section-80c/