ALL VETERANS ARE REQUESTED TO SEE THE WEB SITE & GIVE YOUR VALUABLE COMMENTS/SUGGESTIONSGet this Widget

Friday, 18 November 2016

7th Pay Commission – 1st Meeting of the Anomaly Committee to be held on 1/12/2016

Indian Military Veterans


F.No.ll/2/2016-JCA(Pt)
Government of India
Ministry of Personnel, PG & Pensions
Department of Personnel & Training

North Block, New Delhi
Dated: 15th November, 2016

OFFICE MEMORANDUM

Subject: 1st Meeting of the Anomaly Committee to be held on 1/12/ 2016 under the Chairmans h ip of Secretary (P) on the calculation of the Disability Pension for Defence Forces’ Personnel as per the recommendations of the 7 th Central Pay Commission

The first meeting of the Anomaly Committee under the Chairmanship of Secretary (P), will be held on 1st December, 2016 at 11.00 A.M. in Room No. 190, North Block, New Delhi on the calculation of the Disability Pension for Defence Forces’ Personnel as per the recommendations of the 7th Central Pay Commission. The detailed
agenda note will follow.

2. Kindly make it convenient to attend the meeting

sd/-
(D.K.Sengupta)
Deputy Secretary (JCA)

Source: http://ncjcmstaffside.com/

Defence widows to get double benefit



Indian Military Veterans

Income Tax 2016-17 (A.Year 2017-18) Rate, Exemptions, Deductions and Rebate for Salaried Employees

Indian Military Veterans

Income Tax 2016-17 (A.Year 2017-18) Rate, Exemptions, Deductions and Rebate for Salaried Employees under Section 10, Section 24, Section 89(1), Chapter VIA, and Section 87A

Income Tax Rate 2016-17

TAXABLEINCOME RANGERATE OF INCOME TAX
Up to RS.2,50,000NIL
Rs.2,50,001 to Rs.5,00,00010% of the amount by which the income exceeds Rs.2,50,000
Rs.5,00,001 to Rs.10,00,000Rs.25,000 plus 20% of the amount by which the income exceeds Rs.5,00,000
Above Rs.10,00,001Rs.1,25,000 plus 30% of the amount by which the income exceeds Rs.10,00,000
Education Cess
3% on Total Income Tax Payble

Section 10 (13A) – Exemption in respect of HRA:

Under Sec. 10(13A), an employee who is in receipt of House Rent Allowance (HRA) can claim exemption, if he does not live in his own house, and pays rent in excess of 10% of his salary for his residential accommodation.
Exemption u/s 10(13A) is the least of the following
1. Actual amount of HRA received
2. 50% (for Chennai, Mumbai, Kolkata and Delhi) / 40% (for other places) of the Salary for the relevant period
3. Rent paid Less 10% of Salary for the relevant period.

Section 87A – Rebate of Income Tax for Taxable income up to Rs. 5 Lakh 

Finance Act 2016 provides for rebate of Income up to Rs. 5000/- in respect of Persons who have Taxable not exceeding Rs. 5 lakh.

Section 10(14) – Transport Allowance and Children Education Allowance (CEA)

Under Section 10(14), the Budget FY 2016-17 lets you claim Rs. 19,200 tax exemption as transport allowance and Rs. 2,400 tax exemption as Children Education Allowance (CEA) in a financial year.

Section 24(b) – Home Loan

If you have taken a Home Loan, then you can claim a tax deduction on the interest component of the loan under Section 24(b). For self-occupied properties, you can benefit from deductions of up to Rs. 2,00,000.

Section 89(1) – Income Tax relief in respect of Arrears of Salary pertaining to previous years

If arrears of salary has been received in Financial year 2016-17 related to previous years then Relief of Income Tax can be claimed u/s 89(1) by accounting income from arrears in respective years on notional basis.

Deductions allowed under Chapter VI A of Income Tax Act

Deduction Limit – Sec 80CCE. As per Section 80CCE, deduction can be claimed upto Rs. 1,50,000 for the payments / contributions made under Sections 80C, 80CCC and 80CCD

Section 80C – Subject to overall limit of Rs. 1,50,000 under Section 80CCE

For investments in specified schemes, saving instruments etc.
  1. Life insurance premium for policy:
    a) in case of individual, on life of assessee, assessee’s spouse and any child of assessee
    b) in case of HUF, on life of any member of the HUF
  2. Sum paid under a contract for a deferred annuity:
    a) in case of individual, on life of the individual, individual’s spouse and any child of the individual (however, contract should not contain an option to receive cash payment in lieu of annuity)
    b) in case of HUF, on life of any member of the HU
  3. Sum deducted from salary payable to Government servant for securing deferred annuity or making provision for his wife/children [qualifying amount limited to 20% of salary]
  4. Contributions by an individual made under Employees’ Provident Fund Scheme
  5. Contribution to Public Provident Fund Account in the name of:
    a) in case of individual, such individual or his spouse or any child of such individual
    b) in case of HUF, in the name of any member there of
  6. Contribution by an employee to a recognized provident fund
  7. Contribution by an employee to an approved superannuation fund
  8. Subscription to any notified security or notified deposit scheme of the Central Government.
    For this purpose, Sukanya Samriddhi Account Scheme has been notified vide Notification No. 9/2015, dated 21/1/2015. Any sum deposited during the year in Sukanya Samriddhi Account by an individual would be eligible for deduction. Amount can be deposited by an individual in the name of her girl child or any girl child for whom such an individual is the legal guardian.
  9. Subscription to notified savings certificates [National Savings Certificates (VIII Issue)]
  10. Contribution for participation in unit-linked Insurance Plan of UTI:
    a) in case of an individual, in the name of the individual, his spouse or any child of such individual
    b) in case of a HUF, in the name of any member thereof
  11. Contribution to notified unit-linked insurance plan of LIC Mutual Fund:
    a) in the case of an individual, in the name of the individual, his spouse or any child of such individual
    b) in the case of a HUF, in the name of any member thereof
  12. Subscription to notified deposit scheme or notified pension fund set up by National Housing Bank [Home Loan Account Scheme/National Housing Banks (Tax Saving) Term Deposit Scheme, 2008]
  13. Tuition fees (excluding development fees, donations, etc.) paid by an individual to any university, college, school or other educational institution situated in India, for full time education of any 2 of his/her children
  14. Certain payments for purchase/construction of residential house property
  15. Subscription to notified schemes of (a) public sector companies engaged in providing long-term finance for purchase/construction of houses in India for residential purposes/(b) authority constituted under any law for satisfying need for housing accommodation or for planning, development or improvement of cities, towns and villages, or for both
  16. Sum paid towards notified annuity plan of LIC or other insurer
  17. Subscription to any units of any notified [u/s 10(23D)] Mutual Fund or the UTI (Equity Linked Saving Scheme, 2005)
  18. Contribution by an individual to any pension fund set up by any mutual fund which is referred to in section 10(23D) or by the UTI (UTI Retirement Benefit Pension Fund)
  19. Subscription to equity shares or debentures forming part of any approved eligible issue of capital made by a public company or public financial institutions
  20. Subscription to any units of any approved mutual fund referred to in section 10(23D), provided amount of subscription to such units is subscribed only in ‘eligible issue of capital’ referred to above. 21. Term deposits for a fixed period of not less than 5 years with a scheduled bank, and which is in accordance with a scheme framed and notified.
  21. Subscription to notified bonds issued by the NABARD.
  22. Deposit in an account under the Senior Citizen Savings Scheme Rules, 2004 (subject to certain conditions)
  23. 5-year term deposit in an account under the Post Office Time Deposit Rules, 1981 (subject to certain conditions)

Section 80CCC – Subject to overall limit of Rs. 1,50,000 under Section 80CCE

Contribution to certain specified Pension Funds such as LIC or other authorised Insurance Companies

Section 80CCD(1) – – Subject to overall limit of Rs. 1,50,000 under Section 80CCE

Deduction in respect of contributions to National Pension Scheme / System (NPS) notified by Central Government
Limit : 10% of salary in case of employees, 10% of gross total income in case of others

Section 80CCD(1B)

Deduction in respect of the deposit under a pension scheme notified by Central Government (NPS) up to Rs. 50,000/-

Section 80CCD(2)

Deduction in respect of employer contributions to NPS – National Pension Scheme / System – This deduction is available over and above the Rs. 1.5 lakh limit

Section 80 CCG

Amount invested in listed shares covered by Rajiv Gandhi Equity Equity Saving Scheme. Deduction of 50% of total investment subject to maximum of Rs. 25,000 is allowed for 3 consecutive assessment years, beginning with the assessment year relevant to the previous year in which the listed shares or list units of equity oriented funds are first acquired

Section 80D

Amount invested in Health Insurance
In case of Individual, amount paid: a) For self, spouse and dependent children: Up to Rs. 25,000 (Rs. 30,000 if specified person is a senior citizen or very senior citizen) b) For parents: additional deduction of Rs. 25,000 shall be allowed (Rs. 30,000 if parent is a senior citizen or very super senior citizen) In case of HUF, up to Rs. 25,000 (Rs. 30,000 if specified person is a senior citizen or very senior citizen).
The aggregate amount of deduction cannot exceed Rs. 60,000/- in case of an individual.

Section 80DD

Expenditure incurred for the medical treatment of a dependent (spouse, children, parents, brothers and sisters of the individual) up to Rs. 75,000 (Rs. 1,25,000 in case of severe disability)

Section 80DDB

Expenditure incurred for medical treatment of specified diseases for self, or wholly dependent spouse, children, parents, brothers and sisters up to Rs. 40,000 (Rs. 60,000 in case of senior citizen and Rs. 80,000 in case of very senior citizen)

Section 80E

Interest paid on Educational Loan with no limit

Section 80EE

Interest on loan for acquiring residential house property, sanctioned during the financial year 2016-17. The Housing Loan availed should be up to Rs. 35 lakh and should have been availed in the year 2016-17

Section 80G

Deduction in respect of donations to certain funds, charitable institutions, etc.

Section 80GG

Rent paid for residential accommodation from the income of Tax Payer / assessee who is not in receipt of HRA
Least of the following shall be exempt from tax: a) Rent paid in excess of 10% of total income*;
b) 25% of the Total Income; or
c) Rs. 5,000 per month.

Section 80 TTA

Interest on Savings Bank accounts subject to maximum of Rs. 10,000

Section 80U

Exemption of income tax for an income up Rs. 75,000 for persons with disability (Rs. 1,25,000 in case of persons with severe disability)


Source: Incometaxindia.gov.in & BPS

IMPLEMENTATION OF CIRCULAR 568 : CPPC ANDHRA BANK REPLY TODAY

Indian Military Veterans


Head Office-CPPC

12:17 PM (8 hours ago)
Reply
 
to mebmmah0116bohyderabad
 
Dear Sir,

The implementation of circular 568 is under process and we will be paying the arrears at the earliest.

Thanks & Regards,
M K Srinivas
Senior Manager
CPPC, Head Office
Hyderabad
Ph- 040-24757153

From: GaviniVN [mailto:gounivn@gmail.com]
Sent: Thursday, November 17, 2016 10:55 AM
To: AB-CPPC; bmmah0116
Cc: bohyderabad@rbi.org.in
Subject: REVISION OF PENSION WEF 1.1.2006 AFTER DE-LINKING OF 33 YRS SERVICE FOR FULL PENSION

Sir,

PLEASE REFER MY E-MAIL SENT TO YOU ON 10.11.2017 ON THE SUBJECT MATTER CITED ABOVE. 

I DID NOT RECEIVE ANY ARREARS AMOUNT OR REPLY OR ACKNOWLEDGEMENT.

HENCE I AM SENDING THE REQUEST FOR EARLY PAYMENT OF ARREARS ONCE AGAIN (PASTED BELOW):=
==========================================================================
Kindly refer PCDA(P) Circular No.568 d/d 13.10.2016, revising my pension wef 1.1.2006 (AVAILABLE AT http://pcdapension.nic.in/6cpc/Circular-568.pdf )

My REVISED Basic Pension  - Rs.6420/- WEF 01.1.2006, AS PER ABOVE CIRCULAR.

MY PENSION DETAILS ARE GIVEN BELOW:- 
My date of joining the IAF is - 19.5.1971 and date of dis is 28.11.1989 (18 yrs 06 months & 10days,)

Rank - SGT, Group III (now Y), (qualifying service 18.5 years). 

As per My PPO No. is 08/14/B/11350/1990 issued on 23.4.1990 (qualifying service mentioned is 17 yrs, 11 months and 16 days - excluding boys service (below the age of 17 yrs) with Basic pension Rs.551/-). But as per revised PPO No.08/14/B/Corr./259/2010 issued on 04.06.2010, the qualifying service enhanced to 18 yrs, 06 months and 10 days (18.5 yrs) after including the boys service period.

I have already sent to you on 13.4.2016 the scanned copies of Corr PPO (2010) issued on 4.6.2010 and the orig PPO issued on 23.4.1990, which may kindly be perused.

My SB Pension account is maintained at Andhra Bank (0116) Dhanwada, Dist. Mahabubnagar - 509205 (TS), THE SB PENSION A/C NO.BEING 011610013003371

I have submitted also submitted Life Certificate to the PDA bank on 7.11.2016 

I WAS PAID PENSION AS UNDER :

Rs.4775/- (CIRCULAR 547 (ANNEXURE B-AIR FORCE) WEF 1.1.2006 ( http://www.pcdapension.nic.in/6cpc/Circular-547.pdf )

Rs..5647/- (CIRCULAR 430- TABLE 114 ) WEF 1.7.2009 - http://www.pcdapension.nic.in/6cpc/circular-430.pdf )

Rs.6108/- (CIRCULAR 501 TABLE 17)   WEF 24.9.2012 AND UPTO 30.6.2014.  http://www.pcdapension.nic.in/6cpc/Circular-501.pdf ) 

Rs.7693/- (orop) WEF 1.7.2014 (NO ARREARS since the pension is more than Rs.6420)

May I request you to kindly credit arrears of Revised pension in to my account at the earliest.. 

This is for your kind info and necessary payment action, please.

Thanking you,

SGT GV NARAYANA, AIR VETERAN

========================================================================
AN EARLY PAYMENT ACTION IS SOLICTED PLEASE.

THANKING YOU IN ADVANCE.

YOURS FAITHFULLY,

SGT GV NARAYANA, AIR VETERAN

IMPLEMENTATION OF CIRCULAR 570(7TH CPC REC/REVISION OF PENSION WEF 1.1.2016) : AB-CPPC- REPLY ON 10.11.2016

Indian Military Veterans


AB-CPPC-B

Nov 10 (7 days ago)
Reply
 
to me
 
Dear Sir,
 
  With reference trail mail, we are on the job, we implement 7th PC as per time schedule.
 
Regards
 
M.Babji
HO,CPPC,HYD
040-24683509.
 
From: GaviniVN
Sent: Thursday, November 10, 2016 8:31 AM
Subject: Re: REVISION OF PENSION WEF 1.1.2016 AS PER 7TH CPC RECS AND PAYMENT OF ARREARS
 
Dear Sir,
 
In continuation of e-mail earlier today, the PCDA (P) Circular No.570 of 31.10.2016 is available at -  http://pcdapension.nic.in/7cpc/Circular-570.pdf
 
For kind info, please.
 
 
Thanking you,
 
612017 SGT GV NARAYANA, AIR VETERAN
9490045365
 
 
 
On Thu, Nov 10, 2016 at 7:57 AM, GaviniVN <gounivn@gmail.com> wrote:



 
Sir,
 
Kindly refer PCDA(P) Circular No.570 d/d 31.10.2016, revising my pension wef 1.1.2016(available on PCDA(P) Allahabad website)
 
My present Basic Pension  - Rs.7693/- as on 31.12.2015 (1.1.2016)
 
As per above circular, the multiplication factor is 2.57 on this BP. i.e. 7693 x 2.57 =  19771.
 
I was paid @ 7693/- with 125% DA  as on date i.e. 17310/-  (the diff being Rs.19771-17310 = 1961)
 
Therefore the arrears amount work out to : Rs.19610/-(for 10 months 1/1/16 to 31/10/2016.
 
The Nov 2016 pension would be = Rs.19771 + 500(FMA) = Rs.20271/-
 
 
My date of joining the IAF is - 19.5.1971 and date of dis is 28.11.1989 (18 yrs 06 months & 10days,)
 
Rank - SGT, Group III (now Y), Pension drawn as on 1.1.2016 -  Rs.7693/- (qualifying service 18.5 years).
 
As per My PPO No. is 08/14/B/11350/1990 issued on 23.4.1990 (qualifying service mentioned is 17 yrs, 11 months and 16 days - excluding boys service (below the age of 17 yrs) with Basic pension Rs.551/-). But as per revised PPO No.08/14/B/Corr./259/2010 issued on 04.06.2010, the qualifying service enhanced to 18 yrs, 06 months and 10 days (18.5 yrs) after including the boys service period.
 
I have already sent to you on 13.4.2016 the scanned copies of Corr PPO (2010) issued on 4.6.2010 and the orig PPO issued on 23.4.1990, which may kindly be perused.

My SB Pension account is maintained at Andhra Bank (0116) Dhanwada, Dist. Mahabubnagar - 509205 (TS), THE SB PENSION A/C NO.BEINGXXXXXXXXX
 
I have submitted also submitted Life Certificate to the PDA bank on 7.11.2016

May I request you to kindly credit Rs.19610/- (arrears of Revised pension) in to my account at the earliest..

This is for your kind info and necessary payment action, please.
 
Thanking you,
 
SGT GV NARAYANA, AIR VETERAN


Dearness Relief to Central Government pensioners/family pensioners from 1.7.2016 – Orders issued

Indian Military Veterans


F.No.42/15/2016-P&PW(G)
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Pension & Pensioners’ Welfare
3rd Floor, Lok Nayak Bhavan,
Khan Market, New Delhi – 110003
Date: 16th Nov,2016
OFFICE MEMORANDUM
Subject: Grant of Dearness Relief to Central Government pensioners/family pensioners – Revised rate effective from 1.7.2016 on implementation of decision taken on recommendation of 7th Central Pay Commission.
The undersigned is directed to say that subsequent to implementation of the decision taken by the Government on the recommendation of the 7th Central Pay Commission, the President is pleased to decide that the Dearness Relief admissible to Central Government pensioners/family pensioners shall be as follows:
Date from which payableRate of Dearness Relief per month
From 01.01.2016No Dearness Relief
From 01.07.20162% of Basic Pension/Family Pension
Note:- Dearness Relief at the rates indicated in the above table will also be admissible on the additional basic pension/additional family pension available to older pensioners/family pensioners based on their age as indicated in this Department’s OMs 38/37/2016-P&PW(A)(i) dated 04.08.2016 and 38/37/20 16-P&PW(A)(ii) dated 04.08.2016.
2. These orders apply to (i) Civilian Central Government Pensioners/Family Pensioners (ii) The Armed Forces Pensioners, Civilian Pensioners paid out of the Defence Service Estimates, (iii) All India Service Pensioners (iv) Railway Pensioners/family pensioners.
3. These orders will not be applicable on following categories:-
(i) The Burma Civilian pensioners/family pensioners and pensioners/families of displaced Government Pensioners from Pakistan, who are Indian Nationals but receiving pension on behalf of Government of Pakistan and are in receipt of adhoc ex-gratia allowance.
(ii) Central Government Employees who had drawn lump sum amount on absorption in a PSU/Autonomous body and are in receipt of 1/3rd restored commuted portion of pension.
(iii) Pensioners who are in receipt of provisional pension in the pre-20 16 pay scales/pay.
(iv) CPF beneficiaries, their widows and eligible children who are in receipt of ex-gratia payment in terms of this Department’s OM No. 45/52/97-P&PW(E) dated 16.12.1997 and revised vide this Department’s OM 1/10/2012-P&PW(E) dated 27.06.2013.
Separate orders will be issued in respect of the above categories.
4. Payment of DR involving a fraction of a rupee shall be rounded off to the next higher rupee.
5. Other provisions governing grant of DR in respect of employed family pensioners and re-employed Central Government Pensioners will be regulated in accordance with the provisions contained in this Department’s OM No. 45/73/97-P&PW (G) dated 2.7.1999 as amended vide this Department’s OM No. F.No. 38/88/2008-P&PW(G) dated 9th July, 2009. The provisions relating to regulation of DR where a pensioner is in receipt of more than one pension will remain unchanged.
6. In the case of retired Judges of the Supreme Court and High Courts, necessary orders will be issued by the Department of Justice separately.
7. It will be the responsibility of the pension disbursing authorities, including the nationalized banks, etc. to calculate the quantum of DR payable in each individual case.
8. The offices of Accountant General and authorised Pension Disbursing Banks are requested to arrange payment of relief to pensioners etc. on the basis of these instructions without waiting for any further instructions from the Comptroller and Auditor General of India and the Reserve Bank of India in view of letter No. 528-TA, 1I/34-80-U dated 23/0411981 of the Comptroller and Auditor General of India addressed to all Accountant Generals and Reserve Bank of India Circular No. GANB No. 2958/GA-64 (ii) (CGL)/81 dated the 21st May, 1981 addressed to State Bank of India and its subsidiaries and all Nationalised Banks.
9. In their application to the pensioners/family pensioners belonging to Indian Audit and Accounts Department, these orders issue after consultation with the C&AG.
10. This issues in pursuance of instructions of Ministry of Finance, Department of Expenditure vide their OM No. 112/2016-E.II(B) dated 4th Nov, 2016.
11. Hindi version will follow.
sd/-
(Charanjit Taneja)
Under Secretary to the Government of India

Blog Archive

Disclaimer

The contents posted on these Web Site are personal reflections of the Viewers and do not reflect the views of the "Indian Military Veterans- Web" Team. Neither the "Indian Military Veterans -Web" nor the individual authors of any material on these Web accept responsibility for any loss or damage caused (including through negligence), which anyone may directly or indirectly suffer arising out of use of or reliance on information contained in or accessed through these Web.
This is not an official Web site. This forum is run by team of ex- Indian Army, Veterans for social networking of Indian Defence Veterans. It is not affiliated to or officially recognized by the MoD or the AHQ, or Government/ State.
The Indian Military Veterans Forum will endeavor to edit/ delete any material which is considered offensive, undesirable and or impinging on national security. The WebTeam is very conscious of potentially questionable content. However, where a content is posted and between posting and removal from the Web in such cases, the act does not reflect either the condoning or endorsing of said material by the Team.
Web Moderator: Capt KS Ramaswamy (Retd)

Useful links for Veterans

Resources