Latest Updates from CHQ

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June 30, 2011

Allotment of Surplus Qualifed OC candidates of Inspector of Posts Examination for the year 2009 held from 4th to 6th Jan. 2010

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Directorate has issued orders on the above subject vide No. A-34013/01/2009-DE (Pt. I) dated 30-06-2011. NO CANDIDATE QUALIFIED FROM OR ALLOTTED TO MP CIRCLE.


Click here for complete order.

Postmaster Grade I exam result Declared

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Congratulations to the all Selected candidates and wish them success in their future carrier.

What is the difference between EPF,GPF & PPF ?

MPIPASP | 22:19 | Best Blogger Tips


What is the difference between EPF, GPF & PPF?

EPF- Employees Provident Fund
GPF - General Provident Fund
PPF - Public Provident Fund

GPF - General Provident Fund which is for the Government Employees
PPF - Individuals can save to a maximum of Rs.70000/- in a year in the account. Account can be maintained in a Post Office / Bank.
EPF - Employees Provident Fund for Private sector where 12% of Employees share and 12 % of Employer's share of Basic Salary + DA is deducted and remitted to PF Authorities

PF vs PPF: What's the difference ?
1. What is PPF and PF?
EPF/ PF (Employees Provident Fund / Provident Fund)
The Employee Provident Fund, or provident fund as it is normally referred to, is a retirement benefit scheme that is available to salaried employees.

Under this scheme, a stipulated amount (currently 12%) is deducted from the employee's salary and contributed towards the fund. This amount is decided by the government.
The employer also contributes an equal amount to the fund.

However, an employee can contribute more than the stipulated amount if the scheme allows for it. So, let's say the employee decides 15% must be deducted towards the EPF. In this case, the employer is not obligated to pay any contribution over and above the amount as stipulated, which is 12%.
PPF (Public Provident Fund)
The Public Provident Fund has been established by the central government. You can voluntarily decide to open one. You need not be a salaried individual, you could be a consultant, a freelancer or even working on a contract basis. You can also open this account if you are not earning.
Any individual can open a PPF account in any nationalised bank or its branches that handle PPF accounts. You can also open it at the head post office or certain select post offices.
The minimum amount to be deposited in this account is Rs 500 per year. The maximum amount you can deposit every year is Rs 70,000.

2. What is the return on this investment?
EPF: 8.5% per annum
PPF: 8% per annum

3. How long is the money blocked?
EPF
The amount accumulated in the PF is paid at the time of retirement or resignation. Or, it can be transferred from one company to the other if one changes jobs.
In case of the death of the employee, the accumulated balance is paid to the legal heir.
PPF
The accumulated sum is repayable after 15 years.
The entire balance can be withdrawn on maturity, that is, after 15 years of the close of the financial year in which you opened the account.
It can be extended for a period of five years after that. During these five years, you earn the rate of interest and can also make fresh deposits.
Save tax and get rich
4. What is the tax impact?
EPF
The amount you invest is eligible for deduction under the Rs 1,00,000 limit of Section 80C.
If you have worked continuously for a period of five years, the withdrawal of PF is not taxed.
If you have not worked for at least five years, but the PF has been transferred to the new employer, then too it is not taxed.
The tenure of employment with the new employer is included in computing the total of five years.
If you withdraw it before completion of five years, it is taxed.
But if your employment is terminated due to ill-health, the PF withdrawal is not taxed.
PPF
The amount you invest is eligible for deduction under the Rs 1,00,000 limit of Section 80C.
On maturity, you pay absolutely no tax.
5. What if you need the money?
EPF
If you urgently need the money, you can take a loan on your PF.
You can also make a premature withdrawal on the condition that you are withdrawing the money for your daughter's wedding (not son or not even yours) or you are buying a home.
To find out the details, you will have to talk to your employer and then get in touch with the EPF office (your employer will help you out with this).
PPF
You can take a loan on the PPF from the third year of opening your account to the sixth year. So, if the account is opened during the financial year 1997-98, the first loan can be taken during financial year 1999-2000 (the financial year is from April 1 to March 31).
The loan amount will be up to a maximum of 25% of the balance in your account at the end of the first financial year. In this case, it will be March 31, 1998.
You can make withdrawals during any one year from the sixth year. You are allowed to withdraw  50% of the balance at the end of the fourth year, preceding the year in which the amount is withdrawn or the end of the preceding year whichever is lower.
For example, if the account was opened in 1993-94 and the first withdrawal was made during 1999-2000, the amount you can withdraw is limited to 50% of the balance as on March 31, 1996, or March 31, 1999, whichever is lower.
If the account extended beyond 15 years, partial withdrawal -- up to 60% of the balance you have at the end of the 15 year period -- is allowed.

Courtesy : rediff.com

June 29, 2011

Restricted Holiday (RH) on the occasion birthday of Shri Guru Gobind Singh to be observed on 31st December, 2011

MPIPASP | 21:33 | Best Blogger Tips

F.N0.12/1/2010- JCA-2  , 
Gove rnment  of I n d i a  
Mini s t ry of  Pe r sonne l ,  Public Gr i e v a n c e s  & P e n s i o n s  
( D e p a r t m e n t  of P e r s o n n e l  86 Training) 
..... 
North Block,  New  Delhi, 
Da t e d  t h e   27"  J u n e .   2 0  1 1 

OFFICE MEMORANDUM 

Subject:- Restricted Holiday (RH) on the occasion birthday of Shri Guru Gobind Singh to be observed on 31st December, 2011

The birthday of Shri Guru Gobind Singh has been shifted from 5th January 2012 (15 Pausha 1933 SE, Thursday) to 31st December 2011 (10 Pausha 1933 SE Saturday). Modification had been made on the basis of amendments in the critcrion of the festival falling on Lunar tithi - Pausha Sukla Saptami instead of Solar Date of January 5. Accordingly, there will be Restricted Holiday on 3lst December, 2011 on account of birthday of Shri Guru Gobind Singh.

2. Hindi version will follow.


(Dinesh Kapila)
Director (JCA)

Source:www.persmin.gov.in

Holidays in 2012

MPIPASP | 21:18 | Best Blogger Tips

ANNEXURE-I (Holidays)
LIST OF HOLIDAYS DURING THE YEAR 2012 FOR ADMINISTRATIVE OFFICES OF CENTRAL GOVERNMENT LOCATED AT DELHI / NEW DELHI

Sl.
Holiday
Date
Saka Date
Day
1
Republic Day
January 26
Magha 06
Thursday
2
Milad-Un-Nabi or Id-E-Milad (Birthday of Prophet Mohammad)
February 05
Magha 16
Sunday
3
Maha Shivaratri
March 20
Phalguna 01
Monday
4
Holi
March 08
Phalguna 18
Thursday
5
Mahavir Jayanti
April 05
Chaitra 16
Thursday
6
Good Friday
April 06
Chaitra 17
Friday
7
Buddha Prunima
May 06
Vaisakha 16
Sunday
8
Janamashtami (Vaisnava)
August 10
Sravana 19
Friday
9
Independence Day
August 15
Sravana 24
Wednesday
10
Idu'l Fitr
August 20
Sravana 29
Monday
11
Mahatma Gandhi's Birthday
October 02
Asvina 10
Tuesday
12
Dussehra (Vijaya Dashami)
October 24
Kartika 02
Wednesday
13
Idu'l Zuha (Bakrid)
October 27
Kartika 05
Saturday
14
Diwali (Deepavali)
November 13
Kartika 22
Tuesday
15
Muharram
November 25
Agrahayana 04
Sunday
16
Guru Nanak's Birthday
November 28
Agrahayana 07
Wednesday
17
Christmas Day
December 25
Pausa 04
Tuesday

ANNEXURE – II (Restricted Holidays)
LIST OF RESTRICTED HOLIDAYS DURING THE YEAR 2012 FOR ADMINISTRATIVE OFFICES OF CENTRAL GOVERNMENT LOCAGED AT DELHI/NEW DELHI.
Sl.
Holiday
Date
Saka Date
Day
1
New Year's Day
January 01
Pausa 11
Sunday
2
Makar Sankranti
January 14
Pausa 24
Saturday
3
Pongal
January 15
Pausa 25
Sunday
4
Basanta Panchami / Sri Panchami
February 28
Magha 08
Saturday
5
Guru Ravidas' Birthday
February 07
Magha 18
Tuesday
6
Swami Dayananda Saraswati Jayanti
February 16
Magha 27
Thursday
7
Shivaji Jayanthi
February 19
Magha 30
Sunday
8
Holika Dahan
March 07
Phalguna 17
Wednesday
9
Chaitra Sukladi / Gudi Padava / Ugadi / Cheti Chand
March 23
Chaitra 03
Friday
10
ram Navmi
April 01
Chaitra 12
Sunday
11
Ester Sunday
April 08
Chaitra 19
Sunday
12
Vaisakhi
April 13
Chaitra 24
Friday
13
Vishu
April 14
Chaitra 24
Saturday
14
Mesadi
April 14
Chaitra 25
Saturday
15
Vaisakhadi (Bengal)/Bahag Bihu (Assam)
April 14
Chaitra 25
Saturday
16
Guru Rabindranath's Birthday
May 08
Vaisakha 18
Tuesday
17
Hazarat Ali's Birthday
June 04
Jyaishtha 14
Monday
18
Rath Yatra
June 21
Jyaishtha 31
Thursday
19
Raksha Bandhan
August 02
Sravana 26
Thursday
20
Jamat-UI-Vida
August 17
Sravana 27
Saturday
21
Parsi New Year's day
August 18
Sravana 30
Tuesday
22
Vinayaka Chaturthi
August 21
Sravana 30
Tuesday
23
Onam
August 29
Bhadra 07
Wednesday
24
Ganesh Chaturthi
September 19
Bhadra 07
Wednesday
25
(Maha Saptami Additional)
October 03
Asvina 11
Monday
26
Dussehra (Maha Astami) (Additional)
October 21
Asvina 29
Sunday
27
Dussehra (Maha Navami)
October 23
Kartika 01
Tuesday
28
Maharishi Valmiki's Birthday
October 29
Kartika 07
Monday
29
Karaka Chaturdasi (Karva Chouth)
November 02
Kartika 11
Friday
30
Narak Chaturdasi
November 12
Kartika 21
Monday
31
Deepavali (South India)
November 13
Kartika 22
Tuesday
32
Govardhan Puja
November 14
Kartika 23
Wednesday
33
Bhai Duj
November 15
Kartika 24
Thursday
34
Pratihar Sashthi or Surya Sashthi (Chhat Puja)
November 19
Kartika28
Monday
35
Guru Teg Bahadur's Martyrdom Day
November 24
Agrahayana 03
Saturday
36
Christmas Eve
December 24
Pausa 03
Monday

June 28, 2011

Redesignation of 141 posts of HSG-I IP Line as Asstt. Superintendent Posts

MPIPASP | 09:04 | Best Blogger Tips


To

Ms. Radhika Doraiswamy
Secretary (Posts)
Dak Bhawan
New Delhi 110001

No.CHQ/IPASP/HSG-I Dated 24.06.2011

Sub: Redesignation of 141 posts of HSG-I IP Line as Asstt. Superintendent Posts.

Respected Madam,

Your goodself is well aware that 141 posts of HSG-I in Postal Wing through out the country belong to IP Line officials. You are also well aware that post of HSG-I IP Line / ASP are promotional posts for Inspectors Posts. ASPs holding the posts of HSG-I are in gazetted status whereas General Line officials holding the posts of HSG-I are in non-gazetted status.

Service Unions representing General Line officials in HSG-I are demanding that 141 posts of HSG-I IP Line may be transferred to General Line to increase their promotional avenue. Their demand is not justified consequent upon introduction of Postmaster cadre in Postal Wing as their promotional avenues have already been increased.

In view of above facts, our Association urges upon the Department that 141 posts of HSG-I IP Line may be re-designated as "Assistant Superintendent Posts" in order to differenciate between HSG-I IP Line officials and HSG-I General Line officials as there is no financial implications.

With regards,

Yours sincerely,

(Roop Chand)
General Secretary 

Upgradation of Grade Pay from Rs 4200/- to Rs 4600/- for Inspector, Posts

MPIPASP | 08:58 | Best Blogger Tips


To

Ms. Radhika Doraiswamy
Secretary (Posts)
Dak Bhawan
New Delhi 110001

No.CHQ/IPASP/SCPC Dated 24.06.2011

Sub: Upgradation of Grade Pay from Rs 4200/- to Rs 4600/- for Inspector, Posts
with effect from 01.01.2006..

Ref:- Postal Directorate No. 4-12/2009-PCC dated 22-03-2010

Respected Madam,

Your kind attention is invited to our letter of even no. dated 23.12.2010 (copy enclosed) on the subject mentioned above.

This issue is pending since November 2009 and we have taken up the above matter with the Department repeatedly and also held informal meetings with the DDG (Estt.). We have also taken up this issue as an item in the agenda for periodical meeting. Unfortunately, no meeting has been conducted by the Department. However, the Department is holding regular meetings with the Postal JCA comprising NFPE, FNPO and GDS Unions. We have also requested to your goodself by our letter dated 31.05.2011 for grant of personal interview to discuss our long pending genuine demands but the same has not been granted so far. This is very crucial and important issue agitating the minds of our members and there is a great resentment among them.

Association gave its proposal in writing for merger of the post of Inspector, Posts & Assistant Superintendent, Posts and designating the merged post as Inspector, Posts or Assistant Superintendent, Posts as may be decided by the Department but retaining the Gazetted status to the existing incumbents in Assistant Superintendent, Posts grade till their promotion / retirement. If the Department feels problem in merger of the post of IP and ASP, then the post of ASP may be merged with PS Group B with a Grade Pay of Rs.4800/- with effect from 01.01.2006 as both the posts are Gazetted Group B & difference of Grade Pay is only Rs.200/-.

This Association urges upon the Department to consider up-gradation of Grade Pay of Inspector Posts from Rs. 4200/- to Rs. 4600/- with effect from 01.01.2006 and merger of the post of ASP with the post of PS Group B with a Grade Pay of Rs.4800/- .

The Association shall be grateful if an immediate meeting on the above subject is conducted by the Department to discuss and resolve this issue positively.

With regards,

Yours sincerely,

(Roop Chand)
General Secretary 

Clarification on Children Education Allowance

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June 23, 2011

NO Income Tax Return for Salaried Taxpayers with income up to Rs. 5 lakh

MPIPASP | 23:26 | Best Blogger Tips
Ministry of Finance

Salaried Taxpayers with total Income up to Rs.5 lakh Exempted from filing Income Tax Return for Assessment Year 2011-12

The Central Board of Direct Taxes has notified the scheme exempting salaried taxpayers with total income up to Rs.5 lakh from filing income tax return for assessment year 2011-12, which will be due on July 31, 2011.

Individuals having total income up to Rs.5,00,000 for FY 2010-11, after allowable deductions, consisting of salary from a single employer and interest income from deposits in a saving bank account up to Rs.10,000 are not required to file their income tax return. Such individuals must report their Permanent Account Number (PAN) and the entire income from bank interest to their employer, pay the entire tax by way of deduction of tax at source, and obtain a certificate of tax deduction in Form No.16.

Persons receiving salary from more than one employer, having income from sources other than salary and interest income from a savings bank account, or having refund claims shall not be covered under the scheme.

The scheme shall also not be applicable in cases wherein notices are issued for filing the income tax return under section 142(1) or section 148 or section 153A or section 153C of the Income Tax Act 1961.


Source: PIB

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