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Tuesday, 5 July 2016

Cabinet accepts both two options for fixation of 7th CPC Revised Pension

Indian Military Veterans


7th CPC Recommended following Two options for fixation of Revised Pension.

1. Pay Scale on Retirement and Number of Increment Earned in the scale of Retiring Grade will be taken for fixation of Pension
In this method Pension will be fixed in the Pay Matrix on the basis of the Pay Band and Grade Pay at which they retired [SEE ]
2. Using Multiplication Factor 2.57
Existing Basic Pension to be multiplied by 2.57 [ SEE ]
When the NJCA met the Cabinet Secretary, they observed that Govt is not going to accept second option due to non-availability of Records to verify their Pay Level at the retiring stage. Objections were raised by Pensioners Association to this move and they requested the government to retain both two options to avoid disparity between Pre 2016 and Post 2016 Pensioners.
The Central government in principle accepted the two options recommended for fixation of Revised Pension. But to address the issues anticipated when implementation in process, govt decided to constitute a committee to examine the feasibility of using First Option for fixation of Pension. It said, if found feasible, it will be implemented. The Committee has been given four months’ time to submit its report.
The govt decision on Pension related issues is given below
“The general recommendations of the Commission on pension and related benefits have been approved by the Cabinet. Both the options recommended by the Commission as regards pension revision have been accepted subject to feasibility of their implementation. Revision of pension using the second option based on fitment factor of 2.57 shall be implemented immediately. A Committee is being constituted to address the implementation issues anticipated in the first formulation. The first formulation may be made applicable if its implementation is found feasible after examination by proposed Committee which is to submit its Report within 4 months.”
Indian Military Veterans

Govt workers strike: Railway Board warns employees of dire consequences

The Railway Board has sent a letter to all railway organisations with advice on steps to be taken immediately in view of the proposed strike from 11 July

Some central government employees unions, including those in railways, roads, defence and income tax departments, have given a strike call on 11 July. Photo: Priyanka Parashar/Mint

Some central government employees unions, including those in railways, roads, defence and income tax departments, have given a strike call on 11 July. Photo: Priyanka Parashar/Mint

New Delhi: The Railway Board has warned employees of severe consequences, including fines, imprisonment and sacking, if they join an indefinite strike planned by government workers starting 11 July.
The Railway Board has written a letter to all the zonal manager and railway organizations on the steps that should be taken immediately in view of the proposed strike by central government employees, including railway servants.
Citing the Railway Servants Act, the board said “Rule 237 of the code stipulates that whole time of a railway servant is at disposal of the government, which pays him. Therefore, if any railway servant willingly flouts this condition of service, then the services are liable to be terminated after following the due procedure”.
It also states that according to the Act, if any railway employee entrusted with any responsibility connected with the running of train or rolling stock abandons duty, they are liable to be punished with imprisonment for up to two years or a fine or both.
It warned employees that the Railway Board under the Railway Services (Conduct Rules) 1966 believes in the principle of “no work, no pay” for the period of absence due to participation in a strike. Besides, the principle will also lead to “break in service”, effectively meaning that for pensions and other benefits, their past services would not be counted in accordance with instructions. The communication was circulated across all the railway offices on 1 July and was informed to the employees on Monday.
The employees were warned that since the statutory conciliation proceedings are going on with deputy chief labour commissioner, a strike would be treated as illegal.
A Railway Board official said on condition of anonymity that “this is a standard procedure which is followed where employees are warned of the consequences before they take a final call. We are quite hopeful that negotiations would sought out most of the issues.”
A section of the central government employees unions, including those in railways, roads, defence and income tax departments, have given a strike call on 11 July saying they were “disappointed” by the pay hike approved by the cabinet under the Seventh Pay Commission. These unions would announce their final decision on 7 July.
According to the National Joint Council of Action (NJCA), a confederation of government staff unions, as many as 3.3 million central government employees, including 1.3 million railway employees, are unhappy with the commission’s recommendations. There is strong resentment among lower-level central government staff as the government did not hike the minimum wage to Rs.26,000 a month as demanded by them against the commission’s suggestion of Rs.18,000.
Apart from it, railway employees have several other demands such as payment of productivity-linked bonus, revocation of the new pension scheme and implementation of the old pension scheme, a pension system like defence’s one rank, one pension and dependent parents of rail employees be sanctioned railway pass and medical facilities.
B.C. Sharma of the National Federation of Indian Railwaymen (NFIR) said, “The threat is not only given by railway board but also labour commissioner. However, even we have been following respective procedures as per the Essential Services Act. We had given a 30-day notice and enough platforms and time for government to negotiate. The government in no way can label this strike as illegal.”
Sharma said that the railway employees, along with other ministerial employees, have also received warning letters from the labour commissioner’s office.
“We (on behalf of government employee unions) have submitted our response to the labour commissioner’s office stating very clearly that as per the law, we were supposed to give a 30-day notice period and we have abided by it. Delays on their (government and railway ministry) behalf cannot be attributed to the government employees,” he said.

GET REFUND ON TDS AND INCOME TAX NOW


Image result for GET REFUND ON TDS AND INCOME TAX NOW
TDS ON ARREARS

Banks have charged 20% of arrears paid as Income Tax for those who have not submitted PAN Number to the Bank and charged 10% for those who have submitted PAN Number.

Some banks have deducted more tax than what they are due to pay.  Rs.53000 has been recovered as TDS on one Hon. Captain’s pension.  Likewise many JCOs and Hon. Officers have been affected.

All those who have been taxed more than their due are to get Form 16, and  Pension paid statement for the period from April 2015 to Mar 206 from their Pension paying banks and file IT return with the help of an Auditor before July 31, 2016.  You must have PAN Card, Cir.547 Arrear calculation sheet and OROP arrear calculation sheet to get refund.

You will get refund from Income Tax Department by August, 2016.  For Hon. Capt. The refund will be more than Rs.25,000.  Please do it now without wasting time.

ALL THOSE WHO HAVE SUFFERED INCOME TAX ON ACCOUNT OF ARREARS CAN CLAIM REFUND.  SUBMIT YOUR RETURN BEFORE JULY 31, 2016.

Implementation of Recommendations of Seventh Central Pay Commission (7 CPC) : Col Ramesh Khatri (Retd)

Indian Military Veterans


Dear All,
 
The Cabinet Committee has approved recommendations of the 7 CPC. These shall be effective from 1st January, 2016.
 
7 CPC has amalgamated the Basic Pension and the DA Relief on it. For example, if A’s post OROP Basic Pension is Rs. 1.00 and current DA Relief on it is @Rs 1.25. Hence, Rs 2.25 (1.00 + 1.25)
 
7 CPC has allowed an ENHANCEMENT of 0.32 [2.57 (proposed by 7 CPC) – 2.25 (amalgamated pension)] on the post OROP Pension, ie, 1.00 x 0.32  =  0.32.
 
Please add this 0.32 to A’s post OROP Amalgamated Pension, that is, Rs. 2.25 + 0.32  = Rs. 2.57 shall be A’s (final) Pension wef 01 – 01 – 2016.  This is what ‘A’ (you) shall be receiving in August 2016 with the Pension of July 2016.
 
As the enhancement is being paid from 01 – 01 – 2016, hence, the arrears of six months (Jan – June 2016) Rs. 0.32 x 6  = Rs. 1.92 are likely to be paid in August or September 2016.
 
‘A’ (You) will receive the above Minus the Income Tax.
 
I am sure, it not being complicated and everyone can calculate what they would be receiving!!.
 
Example:
 
A’s post OROP Pension = Rs. 36130
DA Relief on Rs. 36130 x 1.25 = Rs. 45163
Amalgamated Pension (36130 + 45163) = Rs. 81293
Enhancement (0.32) of post OROP (36130 x 0.32)  =  Rs Rs 11562
Hence, 7 CPC Recommended Pension effective 01–01–2016 shall be (81293 + 11562) = Rs.  92855

Deduction of Income Tax, say@12855 per month. Hence net pension being remitted to A’s bank account will be (92855 - 12855) = Rs. 80,000 per month
 
With kind regards,
 
Colonel Ramesh Khatri (Retd)

(Source- Via e-mail from Col SS Sohi (Retd)

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