Exempted from filing Income Tax return for Salary Taxpayers with total income up to Rs.5 lakh

No.402/92/2006-MC (14 of 2011)

Government of India / Ministry of Finance

Department of Revenue Central Board of Direct Taxes

New Delhi, dated the 23rd June, 2011

PRESS RELEASE

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

4Things to consider Before choosing your Broadband Internet Service

Broadband internet service providers these days are in a huge competition to win the customers’ satisfaction by providing best of their internet services with speed and reliability and for this, there are so many of these ISP’s attracting consumers by offering new attractive promotions and deals. Due to all this hype, it’s getting really a daunting task for a simple home-based consumer to choose from these providers and make a decision that can stand up the expectations.

No matter how costlier the service is, or how fast is the internet speed, the best for your would still be the one which provides you the reliability, good customer service and speed of the connection — all in budget friendly package.

1. Speed

It depends upon you what speed or bandwidth you require for your work, if you are using internet just for checking emails, chatting and social networking then you should go for low speed connection to save your money. But if you are going to stream movies, play multiplayer games and downloading/uploading heavy files then instead of planning to look for budget friendly packages, see the one which offer unlimited amount of bandwidth.

2. Packages

See what plans or packages are offered by your broadband service provider. Compare the offered services with the prices. Make a comparison chart on piece of paper and compare the features with labeled prices. Assess your internet needs and ask yourself whether you are going to need a higher bandwidth connection if your needs for regular internet usage increases in th future. Look for those ISP’s which offer discounted packages on occasional basis, like Comcast internet.

3. Reliability

On of the most important aspects. The only way to asses the reliability of a service is to ask others who are using or have used the particular ISP’s services in the past. Read the reviews online or find those people who are currently using the service. Rare slow speed is bearable sometimes but unreliable service or disconnections cannot be compromised when you’re paying for it.

4.Customer Support

A service is always assessed by the quality of its customer support department and the satisfaction level of the consumers. While choosing for an ISP, judge their customer support and services. After prices this is the second important aspect to look for. Call them to ask for the prices and don’t let them know that you’ve already seen and compared the packages from their website. Shoot them an email, ask something about their packages or any of the features and see how quick they are in responding your email. A helping customer service creates a level of confidence between the provider and the consumer and if they are good to you, you’ll feel more interested in their service and might put their name on top in your priority list.

Higher Education Loan Interest Waiver-Apply before 20th July2011

As per Press release of Press Information Bureau, Government of India, all eligible students for Central Government Scheme for Interest Subsidy on education loan can get exemption from payment of interest on the education loan which is due on the loans for the academic year 2099-10 onwards.

The last day for claiming this exemption is 20.07.2011. Those already applied for this exemptionneed not apply again.

All Scheduled Member Banks of the IBA have also been advised to take necessary action to adopt and implement the Scheme so that the benefits of the Scheme accrue to the eligible students. Canara Bank is the Nodal Bank, for the Member Banks of IBA, for claiming reimbursement of interests to student accounts.

The loans are for pursuing of studies in professional/technical streams from recognized institutions in India, subject to a loan ceiling of Rs.10 lakhs.

The details of the Scheme as well as the above communication are available on the website of the HRD Ministry at www.education.nic.in.

Central Government has provided this Interest Subsidy (CSIS) taken by students under educational loan scheme of Indian Banks Association (IBA), to pursue Technical/ Professional education studies in India. The scheme is effective from the academic year 2009-10. The benefits of the Scheme would be applicable to those students belonging to economically weaker sections(EWS), with an annual gross parental/family income upper limit of Rs.4.50 lakhs per year (from all sources).

Some of the salient features of the scheme :

The Government of India has approved a scheme to provide full interest subsidy during the period of moratorium i.e. Course Period plus one year or six months after getting job, whichever is earlier, on loans taken by students belonging to Economically Weaker Sections from scheduled banks under the Educational Loan scheme of the Indian Banks’ Association, for pursuing any of the approved courses of studies in technical and professional streams, from recognised institutions in India The Scheme would be applicable only for studies recognised Technical/Professional Courses in India. The interest subsidy shall be linked with the existing Educational Loan Scheme of IBA and restricted to students enrolled in recognised Technical/ Professional Courses (after Class XII) in India in Educational Institutions established by Acts of Parliament, other Institutions recognised by the concerned Statutory Bodies, Indian Institutes of Management (IIMS) and other institutions set up by the Central/State Government. Objective of the Scheme The Governemt of India has approved a scheme to provide full interest subsidy during the period of moratorium i.e. Course Period plus one year or six months after getting job, whichever is earlier, on loans taken by students belonging to Economically Weaker Sections from scheduled banks under the Educational Loan scheme of the Indian Banks’ Association, for pursuing any of the approved courses of studies in technical and professional streams, from recognised institutions in India Applicability of the Scheme

The Scheme would be applicable only for studies recognised Technical/Professional Courses in India. The interest subsidy shall be linked with the existing Educational Loan Scheme of IBA and restricted to students enrolled in recognised Technical/ Professional Courses (after Class XII) in India in Educational Institutions established by Acts of Parliament, other Institutions recognised by the concerned Statutory Bodies, Indian Institutes of Management (IIMS) and other institutions set up by the Central/State Government.

Interest Rates The interest rates charged on the educational loan shall be as per the BPLR/Base Rate of the Individual Banks

Moratorium Period Under the scheme, the interest payable by the student belonging to EWS for availing of the Educational Loan for Technical/Professional Courses in India for the period of moratorium i.e. Course Period plus one year or six months after getting job, whichever is earlier. After the period of moratorium is over, the interest on the outstanding loan amount shall be paid by the student, in accordance with the provisions of the existing Educational Loan Scheme of Banks and as may be amended from time to time, whichever is earlier.

Income Limit/Proof The benefits of the Scheme would be applicable to those students belonging to economically weaker sections(EWS), with an annual gross parental/family income upper limit of Rs.4.50 lakhs per year (from all sources). The scheme is intended to cater to the needs of students belonging to EWS with prescribed upper parental gross income limit of the family from all sources, which is based on economic index and not on social background. The scheme is independent of any other schemes which may cater to Economically Weaker Sections.

Competent Authority The Ministry of HRD, Government of India shall issue an Advisory to all the State Governments requesting them to designate appropriate authority or authorities who are competent to issue income certificates, based on economic index and not social background, for the purpose of this scheme. The Banks shall implement the Scheme based on the notification of the certification authority by State Governments communicated through District Level Consultative Committees (DLCCs).

Eligibility for Interest Subsidy The interest subsidy under the Scheme shall be available to the eligible students only once, either for the first undergraduate degree course or the post graduate degrees/ diplomas in India. Interest Subsidy shall, however, be admissable for integrated courses (graduate+ post graduate). Interest subsidy shall not be available for the following student borrowers, Those students once they discontinue the course midstream, or who are expelled from the Institutions on disciplinary or academic grounds. However, the interest subsidy will be available only if the discontinuation was due to medical grounds for which necessay documentation to the satisfaction of the Head of educational institution will have to be given

Nodal Bank The Scheme shall be implemented through Canara Bank, which is the Nodal Bank for the scheme. However, the student can apply under the scheme only through branch where educational loan is availed

Applicable Academic Year The Scheme shall be applicable from the academic year 2009-10 starting 1stApril, 2009. The loan amount taken starting from the Academic Year 2009-10 (irrespective of the date of sanction) shall only be covered under the scheme of interest subsidy. Interest on any amount disbursed for courses starting before the academic year 2009-10 would not be considered for subsidy

List of Technical/Professional courses Students enrolled in recognised Technical/Professional Courses (after Class XII) in India in Educational Institutions established by Acts of Parliament, other Institutions recognised by UGC/AICTE and other Statutory Bodies, Indian Institutes of Management (IIMS) and other institutions set up by the Central/State Government.

Indicative List of Eligible Courses Under Graduate Courses and Post Graduate Courses in Engineering (B.E/ M.E, B.Tech/M.Tech,B.Arch/ M.Arch etc.) Medical/ Para Medical (MBBS/MD, B.SC/ M.Sc.Nursing,B.Pharmacy/M.Pharmacy, BPT/MPT, BOI/MOI,Siddha, Ayurveda, Homeopathy,Naturopathy etc.)Agriculture, Veterinary, Law, Dental (BDS/MDS), Management, Computer (MCA) etc.,Post Graduate diploma courses duly approved by AICTE/UGC and conducted byrecognized institutions.

Indicative List of Non Eligible courses For studies in institutions abroad, courses pursued without completing class XII, Non Professional and Non Technical under Graduate and Post Graduate courses in Arts, Science, Commerce, Sociology, Music etc., Diploma Courses, Teacher Training Courses, Skill Development, Vocational Training courses etc.,

Download Circular DO No. 11-412010-U.5 of Human Resource Department dated 21.04.2010

Source: Press Information Bureau

Expected DA on July2011

The most eagerly awaited payment for a central government employee is his DEARNESS ALLOWANCE.We know that the Dearness Allowance which is announced twice in a year (ie: in the month of January and July.) is being calculated on the basis of AICPIN(IW).

Of all the allowances begetted by a central govt employee, it is only the DA that holds a special place.

The AICPIN for the month of January,February,March and April have been published.Based on these presently the percentage of DA is 56 %.The AICPIN for the month of May and June have to be still announced.Then only the exact percentage of DA can be calculated.

For reducing inflation Reserve Bank of India often increasing the interest rates .As a results the inflation is controlled but not reduced.Hence chances for reduction of numbers in AICPIN for the month of May and June are not visible.At the same time increase in numbers are also not there immediately.

If the same condition pervades for longer times there would be no doubt that the percentage of dearness Allowance July 2011 would be 57 or 58%.

MONTH	AICPIN	% OF DA
January	188	53
February	185	54
March	185	55
April	186	56
May	-	-
June	expected	57 or 58

eMO FAQ

eMO FAQ : View / Download

Force Delete,Remove File Which is Access Denied on Windows

Any file Remover is a small, simple and yet powerful application which can solve your issue by forcefully removing such files which has been locked by the windows and are not being used by you. It comes up with a simple and user-friendly interface with only a single button which is used to simply delete the files selected by the user. In order to delete a file, you just have to give path by specifying that particular file which you want to be deleted permanently from your system. After selecting that file, you may simply click on Remove option that allows you to delete the file from your system permanently.

The only limitation in this tool that you may observe is that it doesn’t provide you an option into file context menu. So, in order to delete the file you can’t simply use the options available on the right click, rather each time for deleting the file you have to manually run this tool. One more thing that should be noted for this tool is that it doesn’t move the file to Recycle Bin after you delete it, rather it deletes the file completely from your system. So, you have to be careful enough before deleting that file as you can’t restore that file again once you have deleted it using Any File Remover.

Download Any File Remover

Central Sector Scheme of Interest subsidy on Educational Loans

Ministry of Human Resource Development

Central Sector Scheme of Interest Subsidy on Educational Loans

The Ministry of Human Resource Development launched during 2009-10 a new Central Scheme to provide full interest subsidy during the period of moratorium on educational loans for students belonging to economically weaker sections (with parental family income from all sources of less than Rs.4.5 lakh annually), from scheduled banks under the Educational Loan Scheme of the Indian Bank’s Association (IBA). The loans are for pursuing of studies in professional/technical streams from recognized institutions in India, subject to a loan ceiling of Rs.10 lakhs.

Under the Scheme, proof of income is required to be certified by authorities to be designated by the State Governments. Accordingly, the Ministry has written to all Chief Secretaries of States/Union Territories to intimate the designated authority/authorities (at the District/Sub-District/Block, etc. levels) to the District level Consultative Committee (DLCC) so that banking authorities at the branch level where students would be approaching for availing the scheme would be aware of the same. The eligible students may get the details of designated authorities from the concerned branch of the Bank where they have availed of loan.

All Scheduled Member Banks of the IBA have also been advised to take necessary action to adopt and implement the Scheme so that the benefits of the Scheme accrue to the eligible students. Canara Bank is the Nodal Bank, for the Member Banks of IBA, for claiming reimbursement of interests to student accounts.

The details of the Scheme as well as the above communication are available on the website of the HRD Ministry at www.education.nic.in.

All eligible students who wish to avail of the benefits of the Scheme, are advised to approach the respective bank branch from where they availed of the education loan and complete the necessary formalities including obtaining the certification in respect of annual family income from the competent authority at the Block/Tehsil/District Level, so that the individual students accounts could be credited with he interest due on the Loans for the academic year 2009-10 onwards. Those who have already submitted such Certificates are not required to submit them again. The last day for submitting Certificates by students to respective branches is 20.07.2011.

Watch Live Tamil, Malayalam, Hindi, Telegu, English TV Channels Live Online Live Online TV : IndiaVision Malyalam News

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Department of Post ,Modernization,etc

I. IT MODERNIZATION PROJECT

India Post has an approved Plan Project with an outlay of R.1877.2 Crore for IT Modernization Project.

The project has following components:

i. Development of integrated modular scalable applications for mail, banking, Postal Life Insurance advanced financial services and ERP solutions for accounts and HR Operations of the Department.

ii. Provision of ICT devices in rural post offices with required applications for performing postal, banking, insurance, retail operations.

iii. Establishment of IT infrastructure of Data Centre and Disaster Recovery Centre and networking of all Post Offices including Branch Post Offices in the rural areas.

iv. Provision for training, change management, capacity building of the employees of the department along with setting up of the Project Management units of Department, Circle, region and Division levels for smooth and timely implementation of the project

(a) 100 Days Agenda finalized on January 01, 2011 included selection of vendors for the following solutions:-

1. Customer Interaction Management Solution

2. Mail Operation Solution

3. Human Resource Management Solution and Finance and Accounts Solution

4. Banking and Postal Life Insurance Solution

5. Change Management

6. Establishment of Data Centre

7. Rural ICT Service Integrator

8. Network Integrator

(b) Status of compliance

(i) Customer Interaction Management Solution

Objectives:

To enable 24x7 transactions for customers through web portal, call centres and ATMs.

Status:

Vendors have been shortlisted. RFP will be issued on April 15, 2011.

(ii) Mail Operations Solution

Objectives:

a) This will provide full article visibility across the supply of chain – from booking to delivery

b) It will help improve revenue generation through new services/products e.g., Logistics Post.

c) The solution will increase number of delivery channels for services/products, e.g. web portal and call centre.

Status:

Vendors have been shortlisted. RFP will be issued on April 15, 2011.

(iii) Enterprise-wide Human Resource Management Solution and Finance & Accounts Solution

Objective:

a) The solution would enable one single source of data across Department of Posts by online data capture and real time reconciliation

b) The solution would enable centralized payroll processing.

c) The solution would help the Department of Posts move from cash based to accrual based accounting system.

d) The Department Recruitment process would be streamlined.

Status:

Vendors have been shortlisted. RFP will be issued by April 15, 2011

(iv) Banking and Postal Life Insurance Solution:

Banking Solutions objectives

It will lead to Centralized processing of transactions/data, ATMs, Mobile Banking and Real time Banking. This will also enable e-commerce and web channels for customers.

Postal Life Insurance Solution objectives

a) It enables the complete insurance solution by eliminating delays and errors.

b) This will enable the interaction through multiple channels,

c) The solution would also enable safer and faster transactions including premium collection and disbursement.

Status:

RFP has been issued. Technical evaluation of Banking Solution will be completed by April 30, 2011.

(v) Change Management

Objective

Change Management for the India Post 2012 program will focus on effective management of change in technology and business process as a result of introduction of the IT solutions.

(vi) Establishment of Data Centre

Objective

Networking of all 1.55 lakh post offices

Status

RFP has been issued. Process of evaluation of bids is going on.

(vii) Rural ICT Service Integrator

Objective

To provide ICT services of Postal, Banking and Insurance in rural post offices

Status

RFP has been issued. Technical evaluation of bids will be completed by April 30, 2011.

(viii) Network Integrator

Status

RFP has been issued on April 06, 2011

II. COMPUTERIZATION OF 9,600 POST OFFICES

Orders have been placed for supply of computers to 9,600 post offices. Supply has commenced.

III. WHITE LABEL PRE-PAID CARDS

The Department is going to introduce White Label Pre paid cards in collaboration with banks.

Objective

The objective of launching this card is to leverage cash handling expertise and the network of India Post in order to facilitate non-cash based transactions for purchase of products and services at retail outlets across the country and to earn revenue through value added service.

This card will be magnetic strip based loaded with pre-determined amount in rupees and could be operated at merchant locations, ATMs and designated post offices.

Status

Department of Posts has got approval from the RBI. Partner banks are awaiting the approval from RBI.

IV. FLAT RATE BOXES

100 days agenda to introduce Pre-paid parcel boxes for domestic parcels for 1 Kg, 2.5 Kg and 5 Kg. The boxes will be sold through more than 800 post offices across the country.

V. PASSENGER RESERVATION SYSTEM (PRS) - 100 days Agenda

Railway Passenger Reservation System (PRS) to be provided through 71 more post offices (in addition to the existing 120 post offices) by March 31, 2011 to benefit people who are living away from Railway Booking Counters.

Status

Railway Passenger Reservation System has been provided to 12 more post offices.

VI. UP-GRADATION OF SPEED POST CENTERS - 100 days Agenda

17 more Speed Post centers to be equipped with handheld scanners and bar code readers to provide better track and trace facility to the customers.

Status

All 17 Speed Post centers have been up-graded.

VII. MICRO-INSURANCE POLICY – 100 days Agenda

To underwrite 45 lakh Micro-Insurance policies in Rural Areas.

Status

46.62 Lakh Micro-insurance policies have been underwritten in rural areas as on March 31, 2011.

SP/AS

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