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Income Tax Circular regarding Deduction

As per the Finance Act, 2013, income-tax is required to be deducted under Section 192 of the Act from income chargeable under the head "Salaries" for the financial year 2013-14 (i.e. Assessment Year 2014-15) at the following rates:

  Where the total income does not exceed Rs.
2,00,000/-.
  Nil  
  Where the total income exceeds Rs. 2,00,000 but does not exceed Rs. 5,00,000/-   10 per cent of the amount by which the total income exceeds Rs. 2,00,000/-  
  Where the total income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-.   Rs. 30,000/- plus 20 per cent of the amount by which the total income exceeds Rs. 5,00,000/-.  
  Where the total income exceeds Rs. 10,00,000/-.   Rs. 1,30,000/- plus 30 Per cent of the amount by which the total income exceeds Rs. 10,00,000/-  
  Click here to view latest Circular No. 8/2013 Dated 10.10.2013  

Ad-hoc Bonus for 2012-13 Orders issued

Grant of Ad-Hoc Bonus to Central Government Employees for 2012-13 - Orders issued.

10 % DA hike for Central staff

In a bonanza of sorts ahead of the festival season and in the wake of soaring prices, the Union Cabinet on Friday approved a double-digit increase in dearness allowance to 90 per cent, benefiting 50 lakh Central government employees and 30 lakh pensioners, with effect from July 1, 2013.

“The Cabinet approved the proposal to release an additional instalment of DA to Central government employees and Dearness Relief (DR) to pensioners, in cash, at 10 per cent over the existing rate of 80 per cent,” Information and Broadcasting Minister Manish Tewari told reporters here.

An official statement said they were entitled to the hike in DA/DR at the rate of 90 per cent of the basic pay. The increase “is in accordance with the accepted formula based on the recommendations of the 6th Central Pay Commission.”

The impact on the exchequer would be about Rs. 10,879.60 crore per annum on account of DA and Rs. 7,253.10 crore on account of DR in the financial year 2013-14 (eight months from July 2013 to February 2014).

Significantly, the double-digit increase in DA has come after a gap of about three years. Since the government uses CPI-IW (Consumer Price Inflation – Industrial Workers) data for the previous 12 months to arrive at a figure for computation of any increase in DA instalment, the percentage hike is based on the retail inflation data for July 2012-June 2013.

The previous DA hike of 10 per cent was in September 2010 when the government announced an additional instalment given with effect from July 1 that year.

In April this year, the government announced DA increase from 72 to 80 per cent with effect from January 1, 2013.

Award of Commendation

commendation Shri. Sasikumar T, Inspector of Central Excise, Thiruvananthapuram receives Commendation Certificate from Shri Parthasarathi Shome, Adviser to the Union Finance Minister, at the “Central Excise Day Celebrations”, in New Delhi on February 25, 2013 for developing this online application for the department. The Revenue Secretary, Shri Sumit Bose and the CBEC Chairperson, Smt. Praveen Mahajan are also seen.

Welcome to CEPS Pay Information System

With the implementation of new payroll application in Trivandrum, Cochin, Calicut and Customs Preventive Commissionerates under Kerala Zone a powerful Pay Information System has been introduced for employees enabling them to view their pay-slip, pay particulars, advance details, income tax statement, AGT etc successfully. Employees can access the site using userid and password provided to them by the respective office. Please contact paybill section for more details.

 

DA Hike

Government on Friday (28/02/2014) raised dearness allowance to 100%, from 90%, benefiting its 50 lakh employees and 30 lakh pensioners

Cadre Restructuring

Latest Orders regarding Implementation of Cadre Restructuring and Re-organisation under the field formations of CBEC
Notification Dt:18-12-2013
Core Committee Dt:28-11-2013

Income Tax Circular 08/2013

Income Tax Deduction from Salaries during the financial year 2013-14 under Section 192 of the Income Tax Act, 1961 Click here to download the Circular

Ad-hoc Bonus for 2012-13

Grant of Ad-Hoc Bonus to Central Government Employees for 2012-13 - Orders issued Click here to download the Order

10% DA hike for Central staff

Central Govt hikes dearness allowance by 10% Release of additional installment of dearness allowance to Central Government employees and dearness relief to Pensioners, due from 1.7.2013. Click here to download the Order

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