Wednesday, April 26, 2017
LATEST RULES ON PROVIDENT FUND WITHDRAWAL YOU SHOULD KNOW: 10 FACTS
According
to provident fund norms, 12 per cent of an employee’s salary goes into the fund
along with a matching contribution from the employer.
The
Employees’ Provident Fund Organisation (EPFO) has been taking many steps to
ease the process of provident fund (PF) money withdrawal. The PF money can be
withdrawn after two months from the cessation of employment. The application
form can be filed with the PF authorities or through the employer. PF is meant
for saving towards retirement years. Financial planners advise not to withdraw
from the corpus before retirement. According to provident fund norms, 12 per
cent of an employee’s salary goes into the fund along with a matching
contribution from the employer. The Employees’ Provident Fund Organisation
every year announces interest rate to be paid on the accumulated provident fund
corpus.
Here
are 10 things to know:
1)
To encourage long-term savings, the government has formulated tax laws
accordingly. If the withdrawal from a recognised PF happens after five years of
continuous employment, it attracts no tax liability. In case of employment with
different employers, if the PF balance maintained with the old employer is
transferred to the PF account of the new employer, it is considered a
continuous employment.
2)
If an employee has been terminated because of certain reasons beyond his or her
control (such as ill health and discontinuation of business of employer), the
withdrawal does not attract any tax, irrespective of the number of years of
employment.
3)
In case of a withdrawal before five years, the amount becomes taxable in the
same financial year. Thus, the amount has to be shown in your tax return for
the next assessment year. The employer’s contribution to PF and interest earned
on it is added to one’s income and taxed accordingly.
4)
In addition, if you have claimed benefits under Section 80C on your own PF contribution,
it will be taxed as salary. The interest earned on your own contribution will
be taxed as ‘income from other sources’ and taxed according to the respective
tax slabs.
5)
TDS (tax deducted at source) – If the withdrawal is after a period of five
years of continuous employment, it attracts no TDS or any tax. What happens if
the period of service is less than five years? If PAN has not been submitted to
the EPFO authorities, TDS is deducted at 30 per cent. If PAN has been submitted
along with Form 15G/15H, no TDS is deducted. If form 15G/15H is not submitted
and PAN is submitted, TDS @ 10% is deducted. Form 15H or 15G is meant to
prevent TDS for those whose income falls below the taxable limit.
6)
The funds transferred from a recognised provident fund (PF) account to a
National Pension System (NPS) account will not attract any tax, Pension Fund
Regulatory and Development Authority (PFRDA) said in a circular dated March 6.
“The amount so transferred from recognised Provident Fund/Superannuation Fund
to NPS is not treated as income of the current year and hence not taxable,” the
pension fund regulator said.
7)
The Employees’ Provident Fund Organisation has come out with a single-page form
for provident fund related claims – from provident/pension fund withdrawal to
the advance facility.
8)
In addition, an Employees’ Provident Fund Organisation or EPFO subscribers can
submit the new one-page form directly to the retirement fund body without the
employer’s attestation if their accounts are seeded with Aadhaar and bank
account details.
9)
For subscribers who are yet to seed Aadhaar and bank details, a new composite
claim form has been introduced which has to be submitted with attestation of
employers for any claims.
10)
Also, no other document would be required to be submitted by the subscriber for
taking advances from the provident fund corpus. A provident fund subscriber can
go for partial withdrawal/advance from his or her corpus for specific purposes
like purchase of flat, construction, marriage/education of children etc.
Passports to be given by the Postal Department
Hyderabad:
This Monday at Daak Sadan Abids, BV Sudhakar, Secretary, Department of Posts
said MoU has been signed with the External ministry for issuing of passports by
the Postal Department to citizens.
He
said that Postal Department of India has been receiving huge responses from the
public for citizen centric schemes. Says the Secretary for now 42 Head Post
Office has this service by March 31 next year it would be available in 811
postal departments. Head Post Office plans to issue 100 passports at an average
collecting 300 Rupees per passport giving the department a revenue of 750
crores rupees.
Public
has been using this service at both Seva Kendras at Hanamkonda and the
Mahbubnagar one which were organized last month at these two offices.
Registration
for new Adhaar cards is now available at few post offices, a proposal to
include the services in the Departments services. The department looks forward
to enrollment, modifications and issuing of new Adhaar Cards in the next two
months.
Speed
post booking is the active service given by the head post office and sub post
offices. Around 34.70 crore accounts have been opened in the year 2015 – 2016
and some 35.17 crore accounts have been opened in the year 2016-2017 making the
total balance of these accounts to Rs 7.02 lakh crore, the highest balance so
far after the department issued orders to provide speed post booking services
to the customers on April 14.
The
department launched its own Payment bank and two branches made operational from
this January one in Raipur the other at Ranchi. The new Payment bank introduced
would focus mainly on financial inclusion.
Now, Aadhaar-based digital payments at post offices in the country
HYDERABAD:
Taking a step towards Digital India, India Post is mulling over a proposal to
provide Aadhaar-based payment services at post offices in the country. “The aim
is to facilitate digital transactions,” said BV Sudhakar, secretary in the
postal department (Hyderabad circle), here on Monday.
The
enabling software for Aadhaar-based payment developed by AP Technology Services
was tested at the General Post Office at Hyderabad successfully, said Sudhakar
while showcasing progress on initiatives taken by the postal service in last
nine months.
India
Post has also tied up with UIDAI to facilitate issuance of Aadhaar cards
through post offices. The service is expected to begin in June. The department
has come up with many new initiatives aimed at optimising and cutting down
operational costs. “We now have a core system integration software that will
integrate different softwares that have been grounded. We tested the software
at the General Post Office in Hyderabad.” Earlier this month the department
extended the Speed Post booking facility to all branch post offices across the
country. Through this move the department hopes to rake in an additional 10 pc
profit, he added.
Under
the Centre’s Rural Information and Communication Technology initiative, post
offices will be supplied with hand-held devices that perform postal and savings
bank operations. The devices have a solar power backup and are expected to
reach all branch post offices by this year. The department is also trying to
provide inter-operability of these hand-held devices, which also operate as
micro ATMs, in a couple of months.
On
the amendments made to the Indian Post Office Act 1898 in the 2017 finance
bill, he said the amendment would now allow the postal department to set the
tariff rates for postcards, envelopes, sample packets, registered newspapers
and others. “The amendment now allows us to rationalise the prices but we will
not unfairly hike the prices,” Sudhakar said.
India Post sells Coffee scented stamps priced at Rs.100/-
Bengaluru: Coffee scented postage stamps, priced at Rs 100,
were released here today at the General Post Office.
Commerce and Industry Minister Nirmala Sitharaman and
Telecom Minister Manoj Sinha released the stamps at a function at the post
office .
India had introduced aromatic sandalwood stamp, priced at Rs
15, in 2006. Nearly 30 lakh such stamps were sold out within two weeks.
Rose-scented stamps were also released in four varieties of
flowers in 2007.
The varieties were Jawahar, Neelam, Delhi Princess and Bhim,
each priced at Rs five.
Tuesday, April 25, 2017
Conduct of Limited Department Competitive Examination for LGOs for promotion to the cadre of PA/SA from Postman/Mail Guard and MTS Cadre to APS - Vacancy position
Department of
Posts :: India
%the Chief
Postmaster General, AP Circle, Vijayawada-520013
To
The Postmaster General,
Kurnool/Vijayawada/Visakhapatnam
No:
RE/APCO/3-1/2017-18 dated at VJA-13 the 24.04.2017
Sub:-
Conduct of Limited Departmental Competitive Examination for LGOs for promotion
to the cadre
of PA/SA from Postman/Mail Guard and MTS Cadre to APS - reg.
In continuation of this office
letter of even no. dated 27.03.2017 on the subject, the division-wise vacancy
position of AP Circle is furnished hereunder for wide publicity.
|
Name of the Region
|
Name of the Division
|
OC
|
SC
|
ST
|
|
Kurnool
|
Chittoor
|
1
|
|
|
|
|
Cuddapah
|
1
|
|
1
|
|
|
Kurnool
|
1
|
|
1
|
|
|
Nandyal
|
1
|
|
|
|
|
Tirupati
|
1
|
|
|
|
Vijayawada
|
Bhimvaram
|
1
|
|
|
|
|
Eluru
|
1
|
|
|
|
|
Gudivada
|
1
|
|
1
|
|
|
Gudur
|
1
|
1
|
|
|
|
Guntur
|
1
|
|
|
|
|
Machilipatnam
|
1
|
|
|
|
|
Prakasam
|
1
|
|
|
|
|
Tenali
|
1
|
|
|
|
|
Vijayawada
|
2
|
|
|
|
Visakhapatnam
|
Kakinada
|
1
|
1
|
|
|
|
Parvathipuram
|
1
|
|
|
|
|
Rajahmundry
|
1
|
|
|
|
|
Srikakulam
|
1
|
|
|
|
|
Visakhapatnam
|
1
|
1
|
|
|
|
Total
|
20
|
3
|
3
|
Sd/-
Assistant Director
(Rectt.)
%the Chief
Postmaster General
AP Circle,
Vijayawada-520013
Making Teller balances as ZERO - Important instructions by DD,CEPT, Chennai
As
per SB order 5/2016 point number 06 and 23, identified designated PA has to
check the Teller balances daily. The procedure mentioned below is for further
guidance to all Regions.
Point
number 23:- Teller Cash Account of each Single/Double Handed SO should be
checked at HO by a designated PA to ensure that balance has been made as 0
(Zero)
Please
follow the below procedure:-
1.
Identified PA has to log-in in Finalce MIS URL and use menu HACSP
2.
Give SOLID/SETID:- Please enter HO SETID or particulars SOL ID
3.
General Ledger Sub Head Code:- 10002
4.
Account balance type:- Debit balance
5.
Future balance:- NO
6.
Submit
By
following the above procedure at the end of the day user can check that all
teller a/c balances should be ZERO. If any teller a/c showing balance at the
end of the day the same may be reported to concerned Divisional Office for
further course of action against the tellers.
Note:-
The procedure has to follow after completion of Business hours only.
Please
find the DD, CEPT instructions in this connection.
Respected
Sir(s) / Madam(s),
A
kind reference is invited to CEPT email dated 22nd March 2017. A cut-off date
of 15thApril 2017 is fixed to make all teller cash “Zero”.
Critical
parameter check is proposed to be introduced from 16th April 2017:
A
validation is set as a parameter to check before HISCOD is completed Those
offices, where the users are having balance in teller account will not be able
to close their offices Respective CPCs will not be able to run HSCOD if this
validation fails. Hence, it is once again requested that severe and critical
instructions may kindly be issued to all concerned and SPOCS to ensure that
teller account of all users (including those who are not part of CBS wherever
they are working) are made ZERO before 15th April 2017.
All
necessary support would be extended to address the problems in Pos. With effect
from 16th April 2017, the validation to check as to whether the teller account
of those users attached to the SOLs are ZERO before completing HISCOD will be
introduced. As part of vigilance initiative and prevention of frauds, this has
the approval of FS division
Monday, April 24, 2017
Statewise List – Gramin Dak Sevak Dates &Vacancies
You can
find the list of vacancies for all 23 states from the table below. For detailed
information about Gramin Dak Seva Recruitment of your state, you can download
the Official notification from the link provided in the table.
|
S.No
|
States
|
Total
Vacancies |
Last Date
to Apply |
Official
Notification for Each State |
|
1.
|
Andhra Pradesh
|
1126
|
19.04.2017
|
|
|
2.
|
Telangana
|
645
|
19.04.2017
|
|
|
3.
|
Jharkhand
|
256
|
03.05.2017
|
|
|
4.
|
Madhya
Pradesh |
1859
|
02.05.2017
|
|
|
5.
|
Odisha
|
1072
|
26.04.2017
|
|
|
6.
|
Rajasthan
|
1577
|
03.05.2017
|
|
|
7.
|
Gujarat
|
1912
|
11.05.2017
|
|
|
8.
|
Uttar Pradesh
|
0
|
–
|
–
|
|
9.
|
West Bengal
|
0
|
–
|
–
|
|
10.
|
Uttarakhand
|
579
|
18.05.2017
|
|
|
11.
|
Tamil Nadu
|
128
|
09.05.2017
|
|
|
12.
|
Punjab
|
620
|
11.05.2017
|
|
|
13.
|
Maharashtra
|
1789
|
06.05.2017
|
|
|
14.
|
Kerala
|
0
|
–
|
–
|
|
15.
|
Karnataka
|
1048
|
08.05.2017
|
|
|
16.
|
Delhi
|
16
|
08.05.2017
|
|
|
17.
|
Jharkhand
|
256
|
03.05.2017
|
|
|
18.
|
Himachal
Pradesh |
391
|
02.05.2017
|
|
|
19.
|
Haryana
|
438
|
05.05.2017
|
|
|
20.
|
Bihar
|
0
|
–
|
–
|
|
21.
|
Chattisgarh
|
123
|
05.05.2017
|
|
|
22.
|
Assam
|
467
|
06.05.2017
|
|
|
23.
|
North East
|
0
|
–
|
–
|
Given below is
the Category-wise for all states.
Categorywise
List – Gramin Dak Sevak Vacancies
Telangana:
UR →
356, OBC → 151, SC → 86, ST → 52, Total → 645
Andhra
Pradesh:
UR →
625, OBC → 284, SC → 126, ST → 91, Total → 1126
Jharkhand:
UR →
157, OBC → 29, SC → 24, ST → 46, Total → 256
Madhya
Pradesh
UR →
732, OBC → 301, SC → 309, ST → 517, Total → 1859
Odisha
UR →
582, OBC → 97, SC → 157, ST → 236, Total → 1072
Rajasthan
UR →
919, OBC → 133, SC → 246, ST → 279, Total → 1577
Gujarat
UR →
1056, OBC → 467, SC → 87, ST → 302, Total → 1912
Uttarakhand
UR →
357, OBC → 82, SC → 121, ST → 19 Total → 579
Tamil
Nadu
UR →
71, OBC → 39, SC → 18, ST → 0, Total → 128
Punjab
UR →
336, OBC → 132, SC → 152, ST → 0, Total → 620
Maharashtra
UR →
1034, OBC → 375, SC → 124, ST → 256, Total → 1789
Karnataka
UR →
579, OBC → 240, SC → 150, ST → 79, Total → 1048
Delhi
UR → 9,
OBC → 4, SC → 2, ST → 1, Total → 16
Jharkhand
UR →
157, OBC → 29, SC → 24, ST → 46, Total → 256
Himachal
Pradesh
UR →
212, OBC → 84, SC → 78, ST → 17, Total → 391
Haryana
UR →
250, OBC → 99, SC → 89, ST → 0, Total → 438
Chattisgarh
UR →
69, OBC → 2, SC → 18, ST → 34, Total → 123
Assam
UR →
250, OBC → 120, SC → 33, ST → 64, Total → 467
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