UNION BUDGET 2013 - 14 IMPACT : NO CHANGE IN SLABS OR RATE FOR PERSONAL INCOME TAX

UNION BUDGET 2013 - 14 IMPACT : NO CHANGE IN SLABS OR RATE FOR PERSONAL INCOME TAX Income Tax Saving Schemes Income Tax Slab: New tax slab for 2013-14 are as below A. Income Tax Slab India New 2013 -14  for General tax payers Income tax slab (in Rs.) Tax Rs. 0 to 200,000 No tax Rs. 200,001 to 5,00,000 10% Rs. 5,00,001 to 10,00,000 20% Above 10,00,000 30%     B. Income tax slab New 2013 -14 for Women    Income tax slab (in Rs.) Tax Rs. 0 to 200,000 No tax Rs. 200,001 to 5,00,000 10% Rs. 5,00,001 to 10,00,000 20% Above 10,00,000 30%   C. Income Tax Slab New 2013 -14 for Senior Citizens: Age between 60 Yrs - 80 Yrs  Income tax slab (in Rs.) Tax Rs. 0 to 2,50,000 Nil Rs. 2,50,001 to 5,00,000 10 % Rs. 5,00,001 to 10,00,000 20 % Above 10,00,000 30 %   C1. Income Tax Slab New 2013 -14 for Senior Citizens: Above 80 Yrs                                    Income tax slab (in Rs.) Tax Rs. 0 to 500,000 Nil Rs. 5,00,001 to 10,00,000 20 % Above 10,00,000 30 %   Today, every person is worried about saving income tax, by making the right tax saving investment within the last 2 months of the financial year. As per the income tax act established in 1961, every person in India whose annual income crosses the maximum exemption limit will have to pay income tax. Every person has to pay income tax to state and central government.   There are two types of income tax: 1. Direct Tax 2. Indirect Tax Direct Tax: Direct tax is a tax that is directly collected from the tax payer. For instance: wealth tax, income tax etc. Indirect Tax Indirect tax is paid by the third party i.e. VAT tax, service tax. Service tax is mainly charged to the individual. For example, if an item price is Rs 150, then its last price would be Rs 110 after VAT and this extra price of Rs10 will be paid by the individual person. Tips to save your tax: 1. Insurance: Buy an insurance plan to save income tax. 2. House rent: If you are staying on rent then, you can add the rent to take the rebate on income tax. 3. Travelling expenses: If you are using your own vehicle, then you can show the travelling expenses to take the rebate on income tax.

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Provision for conversion of CWL policies into EA after six years on the terms of WLA policy in the software of PLI / RPLI - reg

Provision for conversion of CWL policies into EA after six years on the terms of WLA policy in the software of PLI / RPLI - reg

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Mobile Money Transfer Service

Mobile Money Transfer Service Department of Posts in a tie up with Bharat Sanchar Nigam Limited (BSNL) has commercially launched the Mobile Money Transfer Service in four Postal Circles viz., Punjab, Bihar, Delhi and Kerala on 15th November 2012. The service has been implemented in selected post offices in each of these circles. The agreement for Mobile Money Transfer Service between Department of Posts and BSNL provides for the extension of the service to other postal circles after review of the same at the end of six months period. This information was given by Shri Milind Deora, Minister of State for C&IT in a written reply to a question in the Lok Sabha today.  Source : PIB Release, 27 Feb, 2013

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DBAnalyzer for Sanchay Post updated on: 28-02-2013

DBAnalyzer for Sanchay Post updated on: 28-02-2013 Download from SDC, Chennai

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Cancer Expert Search

An important e-mail received from Cancer Expert Search. Please share it as much as possible. From now on wards you can also get answers to actual questions and now encompasses over 24,000 Cancer-related questions, and several million pieces of facts just through your blog satish24k Cancer Expert Search Search Form Templates for your Web site or Blog Good Day: Just wanted to let you know, that I recently stumbled upon your site during an Internet search.   Since you are actively interested in the Cancer subject, I thought I'd inform you of our new Cancer Expert search engine.  Our search engine is centered around answering actual questions and now encompasses over 24,000 Cancer-related questions, and several million pieces of facts.  So if you happen to have some time on your hand, come on over and check us out at Cancer Expert search engine.  Of course, if you like, you can add our search engine form directly to your blog or any other Web site for that matter. Using  this feature is absolutely free and will certainly help make your site more attractive to its visitors.  Again thank you for taking the time reading this and I'll hope you will visit us soon. Thank you and have a good day. Iris van Houten Visit Cancer Expert Search: http://c-t-search.info/cancer-expert Cancer Expert:   Enter your question and submit. Use a complete sentence for better results.

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BUGDET 2013: HIGHLIGHTS - Income Tax etc...

BUGDET 2013: HIGHLIGHTS - Income Tax etc... Following are highlights of the budget: * India faces challenge of getting back to its potential growth rate of 8 pct * India must unhesitatingly embrace growth as highest goal * India's greater worry is the current account deficit - will need more than $75 billion this year and next year to fund deficit * Higher growth with inclusive growth-our mantra; without growth no inclusive development * Growth rate under UPA was highest * Between 2004 and 2008 and again in 2009-10 and 2010-11 the growth rate was over 8% * There is no reason for gloom or pessimism * Global economic growth declined * I seek the support as we navigate the crisis that has enveloped the whole world * We have examples of states growing at fast state but leaving behind women, SC, ST etc; UPA believes in inclusive development * Economic space right now constrained by high fiscal deficit, tight monetary policy to contain inflation * CAD high due to high imports in coal and oil * Aggregate demand another cause for inflation; it must be fought at many fronts * Foeign investment is imperative to meet our economic objectives * Had no choice but to rationalize expenditure; have retrieved some economic space and to advance our socio-economic objectives * Food ifnlation is worrying; we will take all steps to meet demand * Plan expenditure will be 29.4% more than revised estimates in the current year * Budget for 2013-14 has one overarching goal-to create opportunities for youth to get skills to get jobs,and adequate incomes * Made sufficient allocation for programmes relating to women an children * Single women and widows must be able to live with dignity; WCD has been asked to design schemes * Funds for the sub-funds cannot be diverted * FM: Rs. 110 crore to be allocated to department of disability * The new national health mission will get 24.5% increase over the RE * Rs. 150 cr to be provided for geriatric growth * Allocation for HRD 17% over the RE of the current year * Thousand of scholarships for students belongs to SC, STs, and disadavantaged classes * Focus will continue to be on early childhood care * Multisectoral programme to fight malnutrition will be implemented; Rs. 300 crore to be allocated; 100 districts to be covered * Rs. 33,000 crore to be allocated to MNREGA * Will allocate Rs. 17,700 crore to Integrated Child Development Services (ICDS) scheme * JNNURM is being continued in the 12th Plan; Rs. 14,873 crore to be provided to the Mission * A large part of the JNNURM to be spent on purchase of buses especially in the hilly areas * Farmers have responded to the price signals and produced more; Rs. 27,049 cr to be allocated to the agriculture ministry * Assam, Bihar, Chattisgarh and WB have increased rice production * Small and marginal farmers vulnerable everyone; watershed management crucial; Rs. 5387 cr allocated for Integrated Watershed Programme * Indian Institute of BioTechnology to be set up at Ranchi * Proposal to provide Rs. 500 crore to start programme on crop diversification * 45% hike in rural budget allocation * The National Livestock Mission will be launched in 2013. Rs. 307 crore to be provided for the Mission * The National Food Security Bill is the promise of the UPA Govt, sincerely hope that Parliament will pass the Bill soon * The key to restart growth is to restart the investment engine; will remove any apprehension in the minds of investors * Need new and innovative funds to mobilise investment * Need to improve communication of policies to remove distrust and fear among investors * Propose to seek help of ADB and WB to invest in roads in NE states and connect them to Myanmar * The road construction sector faces challenges not envisaged earlier including financial stress; Regulatory Authority to be set up * Cabinet Committee on Investment has been set up to monitor and guide the projects to remove bottlenecks * Marginal increase in allocation for food subsidy * Rs. 15,260 crore to be allocated to ministry of drinking water and sanitation * The household sector must be incentivised to save in financial instruments * Rs. 25000 crore to be raised from four infrastructure bonds * The Delhi Mumbai Industrial Project has made rapid projects; work on 2 new smart industrial cities will start during 2013-14 * Proposal to bring instruments that will protect (the country) from inflation * The next corridor will be the Bengaluru-Mumbai Industrial corridor * Marginal increase in allocation for food subsidy * 5 inland waterways have been declared as national waterways * Income level for Rajiv Gandhi Equity Scheme raised by Rs. 2 lakh * Additional interest deduction upto 1 lakh for home loan upto Rs. 25 lakhs during FY 14. Deduction available on first home loan * Delhi Mumbai Industrial Project has made rapid progress * Semiconductor sector given boost with zero customs duty on import of plant and machinery * Activities on NELP blocks to kick start * The natural gas pricing policy will be reviewed; any LP blocks that have been stalled will be cleared * Inflation indexed bonds and NSCs to be introduced * Srinagar to Leh to be connected via a new highway * The govt has approved a scheme for financial restructuring of discoms; urge state govts to prepare the plans immediately * We need to reduce dependence on imported coal, despite abundunt coal reserves we continue to import coal * MSMEs: too many of them do not grow due to fear of losing benefits,  propose to give them them non-tax benefits for 3 years * Propose to continue with the technology upgradation funds scheme for the textile sector, environmental concerns of the textile industry to be taken care of * 150,000 individual weavers will benefit in this year, propose to allocate an addl sum of Rs. 96 crore for ministry of textiles * Propose to constitute a standing counsel of experts to analyse the competitiveness of the Indian sector * In 2013-14, propose to provide Rs. 14000 crore for capital infusion in public sector banks * PSBs have assured me that all their branches will have an ATM by 2013-14 * Capital infusion to public sector banks to be increased in FY 14 * 13 public sector banks to get Rs. 14000 crore * Propose to set up India's first women's bank as a Public Sector Bank; propose to provide Rs. 1000 crore as initial capital * Propose to provide Rs. 600 cr to rural housing fund in 2013-14 * Insurance companies will be able to start branches in Tier 2 cities and below, without approval of IRDA * The insurance amendement bill and the PFRDA bills are before the house; hope that they will be passed soon * Income limit for the tax-saving Rajiv Gandhi Equity Savings Scheme raised to Rs. 12 lakh from Rs. 10 lakh * Domestic workers, Anganwadi workers, etc to get group insurance * SEBI will simplify procedures for entry of foreign portfolio investors to invest in India * The list of eligible securities will be enlarged * KYC of banks will be enough to get insurance * All towns of India with a population of over 10000 to have an LIC office * Low interest bearing funds for clean / green energy sector. Generation-based incentives for wind energy * Will encourage cities to take up waste-energy projects through PPPs * Present criteria for determining backwardness will be changed; propose to frame new criteria * Defence spending at Rs. 2,20,000 crore, Rs. 86721 crore for capital expenditure * Rs. 5400 crore to department of space and Rs. 5600 crore to department of atomic energy * With help of Ministry of S&T,I have identified amazing innovations; Will allocate Rs. 200 crore to scale them & make them avaiable to people * National Institute of Sports Coaching to be set up at Patiala * Cities with population of more than 1 lakh will be covered with private FM channel providers, 294 more cities to be connected by FM radio  * Rashtriya Swasthya Bima Yojana to include rickshaw pullers, taxi drivers and ragpickers * Post offices to beome part of core banking solutions * Nirbhaya Fund with a corpus of 1000 crore to be set up for girl child welfare * Ambitious targets of skilling 15 million people in the 12th plan * Skill trained will be given boost in employment and producitvity; 10 lakh youth can be motivated in one year * Planned expenditure to be 33% of total expenditure * Assure that the Direct Benefit Transfer scheme will be rolled out during the term of the UPA govt * Redeem our promise by 2016-17 and bring down fiscal deficit to 3% and revenue deficit to 1.5% * The fiscal deficit for the current year has been contained at 5.2% * No revision in the slabs, relief for tax payers * Surcharge of 10% for taxable incomes above Rs. 1 crore * Tax credits of Rs. 2000 to every person who has total income upto Rs. 5 lakh * Education cess to continue at 3% * Surcharge of 5% to 10% on companies whose income exceeds 10 crore per year * There are 42,800 persons in the country who admitted to a taxable income exceeding Rs. 1 crore per year * Donations made to National Children's Fund will now be 100% deductible * Contributions to the CGHS are eligible for deduction * Rate of tax on payments by way of royalty increased from 10% to 25% * Modified provisions of GAAR will come into effect from 1.04.2016 * Commodity Transaction Tax to be introduced in limited way * Direct taxes code is work in progress * Imported luxury goods to get costly * Increase import duty to increase from 5% to 10% to encourage production of set top boxes in the country * ST does not apply to AC restaurants that do not serve liquor at present; now all AC restaurants will have to pay service tax * SUVs occupy more road and parking space and ought to bear higher tax: excise duty rate to be increased from 27% to 30% * Increase in import duty on high-end motor vehicles from 75% to 100%; and on motorcylces from 60% to 75% * Wish to encourage large number of assesees to return to the tax fold * Serious intent of the govt to pass a GST law, need for state and central govt to pass a GST law * 4% excise duty on silver manufactured from smelting, zinc or lead * Specific excise duty on cigarettes increased by 18% * Ships and vessels exempted from excise duty * Donations made to National Children's Fund will now be 100% deductible * Contributions to the CGHS are eligible for deduction * Rate of tax on payments by way of royalty increased from 10% to 25% * ST does not apply to AC restaurants that do not serve liquor at present; now all AC restaurants will have to pay service tax * Wish to encourage large number of assesees to return to the tax fold * Serious intent of the govt to pass a GST law, need for state and central govt to pass a GST law * By 2025, we could become a $5-trillion economy

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EDITORIAL POSTAL CRUSADER: MARCH-2013 STRIKE IS OVER, BUT THE STRUGGLE WILL CONTINUE. WE ARE ON THE RIGHT PATH

EDITORIAL POSTAL CRUSADER: MARCH-2013 STRIKE IS OVER, BUT THE STRUGGLE WILL CONTINUE. WE ARE ON THE RIGHT PATH           The two days historic strike that shook the country is over. About twelve crores workers participated in the strike. About ten lakhs Central Government employees including five lakhs postal and RMS employees joined the mass upsurge of the Indian working class. In many states the strike turned into total bundh and in other parts of the country also it affected all the sectors of industry and other service sectors. The total unity and commitment exhibited by the entire trade unions has no parallel in the history of our country.           The Central Government tried to ignore or underestimate the strike in the initial stage. But the largest mobilistaion of the workers throughout the length and breadth of the country, compelled the Government to negotiate with the leaders at last minute. The first round discussion held with the cabinet Minister for labour, Sri Mallikarjun Kharge and second round discussion with the Group of Cabinet Ministers headed by Sri. A. K. Antony, Defence Minister, failed as the Government simply sought more time and was not ready to settle any of the demands raised by the unions and appealed the leaders to call off the strike. The Secretary, Department of Posts also made a similar appeal to call off the strike, even when the main demands raised by the Postal JCA (NFPE & FNPO) remained unsettled.           In addition to the demands raised by the Central Trade Unions, the Confederation of Central Government Employees & Workers and the Postal JCA has raised the demands of constitution of seventh Central Pay Commission, merger of 50% DA with pay, removing the restriction on compassionate appointments, filing up of all vacant posts, Departmentalization of GDS and related issues, Revision of wages of casual labourers and regularization, scrapping of PFRDA bill, raising the bonus ceiling limit, grant of five promotions, OTA revision, abolition of posts, outsourcing, contractorisation, privatization, cadre restructuring etc. also in the strike notice served to the Government and the Department of Posts. Government was not ready to settle any of the above demands and hence the question of calling off the strike did not arise at all.           In the Postal the strike was conducted under the banner of Joint council of action (JCA) comprising NFPE & FNPO. The Strike was near total in majority of the circles and about 60 to 80% in the remaining circles. The entire Postal and RMS services were paralysed for two days. Both Departmental employees and Gramin Dak Sevaks exhibited perfect unity in the strike. NFPE and its affiliated unions including GDS had already conducted a one day strike on 12th December 2012. Naturally, there was apprehension about successfully organizing two days strike within a short span of two months. But the mass scale participation of the employees in the two days strike proved that workers are ready even for still higher form of action, if the Government is not ready to settle their genuine and legitimate demands.           What next is the question before us and working class of our country. Even though the two days strike is over, we have no other go, except carrying forward the struggle with added vigour taking inspiration from the mass sanction and determination of the workers at large. There is no short cut. As correctly pointed out by Late Com. K. G. Bose who revolutionized the P&T Trade union movement- “the organized trade union movement has drawn lessons that all illusions about the Government policies should be given up and has come to the conclusion that it is not a question of appealing to the sense of injustices of the Government, but the relative strength of the organized movement and the forces combating it, which will decide their future”.           The Government and the ruling class will try their best to implement their policies by retaining the power and their supremacy over the people of the country and working class. But history has taught us that they cannot continue their anti-people, anti-worker policies forever. A day will come and the balance of power will definitely change in favour of the toiling masses of this country and the ruling class and their neoliberal policies will be thrown to the dustbin of history and an alternative force with alternative policies shall emerge defeating the policies of the present day ruling class. The alternative policy will never be the imperialist globalization polices. It will be a policy which will lead us to the path of socialism. That day shall come, no sooner than later. Such a change is not easy. We have to suffer and be ready for bigger sacrifices. NFPE is committed to this task.           The power-that-be should not be under the illusions that the working class will not go for another strike in the near future. They should clearly understand that-“the fire that is burning with flames and the fire that is burning beneath the ashes, are both fire”. The fire beneath the ashes may burst out at any time again as a wild fire. The growing anger, protest and discontentment among the common people and workers may burst out at any time. No Government on earth can withstand such a mass upsurge of the common people and the toiling masses. Government should take note of the writings on the wall. Brutal killing of the workers, severe victimizations and using the force to suppress the protest, may not succeed.           Comrades, the path before us is not full of roses, but full of obstacles and of sufferings. But we are sure that at the end of the tunnel, there will be light. If winter comes, can they prevent the onset of the spring? Let us move forward unitedly with the working class of our country and let us loudly proclaim without any hesitation that – “We are on the right path”. source:http://nfpe.blogspot.in/

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Recommendations from UPSC

Recommendations from UPSC No request was received from the Union Public Service Commission (UPSC) regarding delinking of schedule languages from its scheme of examination. However, Department of Personnel & Training (DOPT) had forwarded to this Ministry for comments, the recommendations of the High Level Standing Committee which had been appointed by the Union Public Service Commission (UPSC) in July, 2009 to examine the modalities for implementing the recommendations of the Parliamentary Resolution of 1968. According to the Resolution, languages included in the Eighth Schedule to the Constitution and English shall be permitted as alternative media for the All India and higher Central Services examination after ascertaining the views of Union Public Service Commission (UPSC) on the future scheme of the examinations, the procedural aspects and the timing etc. The recommendations of the said Committee are enclosed in Annexure. The Ministry of Home Affairs had agreed with the recommendations. Recommendations of the High Level Committee appointed by the Union Public Service Commission (i) The language adopted by the UPSC for conducting its examination should be based on their growth in the higher educational system and the inclusion of a language in the Eighth Schedule should not be the only basis for its adoption by the UPSC in its All India and Higher Central Services Examinations. (ii) All candidates should have the option to write Civil Services Examination either in Hindi or English. (iii) The candidates in the Civil Services Examination should be allowed to write their papers (other than the Indian Language and English Compulsory Papers) in any of the languages included in the Eighth Schedule to the Constitution provided the candidate has had her/his graduation in that particular language medium of examination. (iv) In the interest of maintaining the equality and standards of examination conducted by UPSC, a minimum number of 25 (twenty five) candidates will be required for conducting examination in any one language. (v) Considering the dynamics of growth of languages in the higher education system, UPSC may review the above policy after a gap of three years. This was stated by Minister of State in the Ministry of Home Affairs Shri RPN Singh in Lok Sabha today. Source:pib

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