TAX STRUCTURE IN INDIA- REALLY FUNNY

TAX STRUCTURE IN INDIA

M.Peer Mohamed Sardhar

1) Qus. : What are you doing?

Ans.: Business.

Tax: PAY PROFESSIONAL TAX!

2) Qus. : What are you doing in Business?

Ans.: Selling the Goods.

Tax: PAY SALES TAX!!

3) Qus. : From where are you getting Goods?

Ans.: From other State/Abroad

Tax: PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI!

4) Qus. : What are you getting in Selling Goods?

Ans.: Profit.

Tax: PAY INCOME TAX!

5) Qus. : Where you Manufacturing the Goods?

Ans.: Factory.

Tax: PAY EXCISE DUTY!

6) Qus. : Do you have Office / Warehouse/ Factory?

Ans.: Yes

Tax: PAY MUNICIPAL & FIRE TAX!

7) Qus. : Do you have Staff?

Ans.: Yes

Tax: PAY STAFF PROFESSIONAL TAX!

Qus. : Doing business in Millions?

Ans.: Yes

Tax: PAY TURNOVER TAX!

9) Qus. : Are you taking out over 25,000 Cash from Bank?

Ans.: Yes, for Salary.

Tax: PAY CASH HANDLING TAX!

10) Qus. : Where are you taking your client for Lunch & Dinner?

Ans.: Hotel

Tax: PAY FOOD & ENTERTAINMENT TAX!

11) Qus. : Are you going Out of Station for Business?

Ans.: Yes

Tax: PAY FRINGE BENEFIT TAX!

12) Qus. : Have you taken or given any Service/s?

Ans.: Yes

Tax : PAY SERVICE TAX!

13) Qus. : How come you got such a Big Amount?

Ans.: Gift on birthday.

Tax: PAY GIFT TAX!

14) Qus. : Do you have any Wealth?

Ans.: Yes

Tax: PAY WEALTH TAX!

15) Qus. : To reduce Tension, for entertainment, where are you going?

Ans.: Cinema or Resort.

Tax: PAY ENTERTAINMENT TAX!

16) Qus. : Have you purchased House?

Ans.: Yes

Tax : PAY STAMP DUTY & REGISTRATION FEE !

17) Qus. : How you Travel?

Ans.: Bus

Tax: PAY SURCHARGE!

1 Qus. : Any Additional Tax?

Ans.: Yes

Tax: PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.’s TAX !!!

19) Qus. : Delayed any time Paying Any Tax?

Ans.: Yes

Tax: PAY INTEREST & PENALTY!

source-http://www.citehr.com/44550-tax-structure-india.html

Union Council of Ministers after July 12, 2011 reshuffle

Union Council of Ministers after July 12, 2011 reshuffle

Dr Manmohan Singh : Prime Minister and also in-charge of the Ministries/Departments not specifically allocated to the charge of any Minister viz, Personnel, Public Grievances & Pensions; Planning; Department of Atomic Energy and Department of Space

Cabinet Ministers

Pranab Mukherjee : Finance

Sharad Pawar : Agriculture; Food Processing Industries

A K Antony : Defence
P Chidambaram : Home Affairs
S M Krishna : External Affairs

Virbhadra Singh : Micro, Small and Medium Enterprises

Vilasrao Deshmukh : Science and Technology and Earth Sciences

Ghulam Nabi Azad : Health and Family Welfare

Sushil Kumar Shinde : Power

M Veerappa Moily : Corporate Affairs

Dr Farooq Abdullah : New and Renewable Energy

S Jaipal Reddy : Petroleum and Natural Gas

Kamal Nath : Urban Development

Vayalar Ravi : Overseas Indian Affairs; Civil Aviation.

Ambika Soni : Information and Broadcasting

Mallikarjun Kharge : Labour and Employment

Kapil Sibal : Human Resource Development;
Communications and Information Technology.

Anand Sharma : Commerce and Industry; Textiles

C P Joshi : Road Transport and Highways

Kumari Selja : Housing and Urban Poverty Alleviation; Culture

Subodh Kant Sahay : Tourism

G K Vasan : Shipping

P K Bansal : Parliamentary Affairs; Water Resources

Mukul Wasnik : Social Justice and Empowerment

M K Alagiri : Chemicals and Fertilizers

Praful Patel : Heavy Industries and Public Enterprises

Shriprakash Jaiswal : Coal

Salman Khurshid : Law and Justice; Minority Affairs

V Kishore Chandra Deo : Tribal Affairs and Panchayati Raj

Beni Prasad Verma : Steel

Dinesh Trivedi : Railways

Jairam Ramesh : Rural Development.

Ministers of State (Independent Charge)

Dinsha J Patel : Mines

Krishna Tirath : Women and Child Development

Ajay Maken : Youth Affairs and Sports

Prof K V Thomas : Consumer Affairs, Food and Public Distribution

Srikant Jena : Statistics and Programme Implementation and
Minister of State in the Ministry of Chemicals
and Fertilisers

Jayanthi Natarajan : Environment and Forests

Paban Singh Ghatowar : Development of North Eastern Region

Gurudas Kamat : Drinking Water and Sanitation Ministers of State

Ministers of State

E Ahamed : External Affairs; HRD

Mullappally Ramachandran : Home Affairs

V Narayanasamy : Personnel, Public Grievances
and Pensions; PMO

Jyotiraditya Madhavrao Scindia: Commerce and Industry

D Purandeswari : HRD

K H Muniappa : Railways

Panabaka Lakshmi : Textiles

Namo Narain Meena : Finance

M M Pallam Raju : Defence

Saugata Ray : Urban Development

S S Palanimanickam : Finance.

Jitin Prasada : Road Transport and Highways

Preneet Kaur : External Affairs

Harish Rawat : Agriculture and Food Processing Industries;
Parliamentary Affairs

Bharatsinh Solanki : Railways

Mahadev S Khandela : Tribal Affairs

Sisir Adhikari : Rural Development

Sultan Ahmed : Tourism

Mukul Roy : Shipping

Choudhury Mohan Jatua : Information and Broadcasting

D Napoleon : Social Justice and Empowerment

S Jagathrakshakan : Information and Broadcasting

S Gandhiselvan : Health and Family Welfare

Tusharbhai Chaudhary : Road Transport and Highways

Sachin Pilot : Communications and Information Technology

Prateek Prakashbapu Patil : Coal

R P N Singh : Petroleum and Natural Gas; Corporate Affairs

Vincent Pala : Water Resources; Minority Affairs

Pradeep Jain : Rural Development

Agatha Sangma : Rural Development

Ashwani Kumar : Planning; Science and Technology and
Earth Sciences

K C Venugopal : Power

Sudip Bandyopadhyay : Health and Family Welfare

Charan Das Mahant : Agriculture and Food Processing Industries

Jitendra Singh : Home Affairs

Milind Deora : Communications and Information Technology

Rajeev Shukla : Parliamentary Affairs.

Policy to be followed in case where persons refuse promotion to a higher grade

Copy of Office Memorandum No.1/3/69-Estt(D) dated 22nd November, 1975 from Cabinet Secretariat, Department of Personnel and A.R.

Subject:- Policy to be followed in case where persons refuse promotion to a higher grade.

The undersigned is directed to say that cases occasionally arise when government servants offered promotion to a higher post refuse to accept the promotion, for personal reasons. Such refusal of promotion may in many cases create administrative difficulties and government work may also suffer. The question as to what action should be taken in cases where government servants refuse promotion to a higher grade, has been considered in this department and it has been decided that such cases may be dealt with in the manner indicated in the subsequent paragraphs...

2. When a government servant does not want to accept a promotion which is offered to him, he may make a written request that he may not be promoted and the request may be considered by the appointing authority, taking relevant aspects into consideration. where the reasons adduced by the persons concerned for such refusal ordinarily meet the requirements of the case if the next person in the select list were promoted. However, since it may not be administratively possible or desirable to offer appointments, to the persons who initially refused promotion, on every occasion on which a vacancy arises during the period of validity of the panel, no fresh offer of appointment on promotion should be made in such cases for a period of six months from the date of refusal of first promotion. Government servants refusing promotion for reasons acceptable to the appointing authority will, on eventual promotion to the higher grade, lose seniority vis-a-vis their erstwhile juniors promoted to the higher grade earlier than they, irrespective of whether the posts in question are filled by selection or otherwise.

3. The above mentioned policy will not apply where adhoc promotions against short-term vacancies are refused.

4. It is requested that Ministry of Finance etc. may bring these instructions to the notice of all persons employed under them including those in attached and subordinate offices. In so far as the persons belonging to the Indian Audit and Accounts Department are concerned, these instructions are being issued in consultation with the Comptroller and Auditor General of India.

sd/-
(S.Krishnan)
Director

Source: www.persmin.nic.in & http://90paisa.blogspot.com/


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Appeal for Urgent Financial Help

Appeal for Urgent Financial Help

Sri Prasanna Kumar Behera, ASP(OD), Puri Division has undergone surgery of malignant parts in his stomach and abdomen which have tested positive for cancer. Due to particular nature of the disease he has taken treatment in Hemlata Hospitals Pvt. Ltd., Bhubaneswar which is a private hospital for which no medical advance could be provided by the Department.

Expense on his medical treatment is huge. Sri Behera’s family is running with acute shortage of finance to meet the cost of expensive medical treatment. Members are requested to come forward to provide financial assistance whatever possible on their part at this critical moment. Members are requested to send their donations to the following address so that the amount can be paid to Sri Behera’s family through the Association in the same manner it was done in the case of Late Ajay Kumar Patra.

Sri Pitabasa Jena, Treasurer , All India Association of IPs and ASPs, Orissa Circle Branch, Bhubaneswar 751001.

The names of the donors with quantity donated will be posted in this blog for information of all concerned.

Source : http://ipasporissa.blogspot.com/

Health & Hygiene Office

Health & Hygiene Office

In this day and age of virulent flu strains and other Infectious disease outbreaks, it should be no secret that the public is concerned about cleanliness and hygiene.(The flu and the common cold were the health issues that 80 percent of people in a recent survey said they were most concerned about.) In fact, people go to such great lengths to avoid germs that they perform like contortionists in public toilets – flushing toilets with their feet, pushing doors open with their shoulders, dispensing towels with their elbows, and doing anything necessary to avoid germ-laden surfaces. For office building in-charge, this heightened germ awareness means it’s more important than ever to provide sanitary and hygienic

working conditions for staff.

In The Toilet

Nothing says “unhygienic” more than a dirty toilet. Unfortunately, office building Toilets don’t rate high on the public toilet cleanliness scale, according to a survey in which only 18 percent of people polled chose office building toilets as

the most clean and hygienic (compared to 42 percent who chose public toilets in hotels). A separate survey supports this: whether it’s from paper litter on the floor,noxious odors, or lackadaisical cleaning, dirty toilets topped the list of office building staff complaints.

A couple of quick tips to keep germs at bay in your section…

• Identify “hot zones” for germ transmission.

The toilet, the floor surrounding the toilet, the sink and counter, and high-touch objects such as handles and levers (found everywhere from water faucets and paper towel dispensers to the door you open on the way out of the toilet) can all harbor germs just waiting for the next pair of clean and unsuspecting hands to pick them up.

Tip: According to one of the seminal

studies on microorganisms in public toilets, the hot water tap may be more likely to harbor germs than even the toilet seat!

• Stop germ transmission in its tracks by employing no-touch systems. No-touch technology can be employed in toilet flushers,water faucets, and dispensers for toilet paper, soap and hand towels. No-touch technology is especially crucial for hand towel dispensers, since towels are typically used once hands are clean, after having been washed and rinsed.

That is the most important time for staff not to touch potentially germ-laden surfaces.

Tip:Look for towel and tissue dispensing systems with “interleaved” paper, so users only need to touch the towel or toilet paper they use without fishing around inside the dispenser, thus reducing the risks of contamination. Or look for completely “touchless” roll towel dispensers that don’t have levers or cranks.

• Encourage proper handwashing. Handwashing is one of the best ways to prevent the spread of infectious diseases. Educate staff on the importance of proper handwashing.

Tip: Make sure there’s always plenty of mild hand soap and soft, absorbent hand towels in every toilet. Nothing is more disconcerting to people who want to “do the right thing” by washing up, only to find no handwashing supplies. If supply run-out is a problem, consider a high-capacity dispenser and remember – high-capacity doesn’t need to mean industrial. Find a high-volume dispenser that lends a

little class to your toilets.

Around The Office

Although 39 percent of office workers polled in a recent survey said they want their administration to establish a policy requiring employees with contagious infections or diseases to stay home from work until they’re better, the fact is

that people do come to work when they’re sick.However, there are some easy things that building owners and Head of Office can do to help stem the spread of infections….

• Identify “hot zones” for germ transmission.-Just as in toilets, germs can be spread any time someone touches something that has been touched by someone else. Desks,phones, elevator buttons, and door handles are just some of the commonly touched surfaces that can serve as a link in the transmission of germs. Proper surface sanitation and hand

hygiene are crucial elements in the fight against germ transmission.

Tip: Choose a surface sanitizing system that’s portable and easy to carry for spot-cleaning activities, particularly important during peak cold and flu times. And to help staff keep their hands sanitized and free from germs,provide alcohol gel hand sanitizers, which can be found in a variety of pump or wall-mounted dispensers for use throughout the building, especially in high-traffic areas.

• Don’t forget the break room- This can be an ideal spot for the spread of germs, including foodborne illness germs. Giving tenants handand surface-sanitizing products can help avoid problems with cross-contamination.

Tip: Provide canisters of disposable surface sanitizer wipes for staff to wipe down food contact surfaces. If the break room doesn’t have a sink, install alcohol gel hand sanitizers. If it does have a sink, post handwashing reminders so staff wash up before they eat.

Includes some common-sense measures anyone can apply to help lessen the severity of colds, the flu and other infections that can be spread via respiratory droplets or hand contact.

Ideas include:-- Instructing people with symptoms of a respiratory infection to cover their noses and mouths with a tissue when coughing or sneezing.- Making hand hygiene products and tissues available.

- Providing designated containers for disposal of used tissues.

Tip: During the height of cold and flu season, create a “staff care package” with lotionized facial tissue, for extra comfort against

sore, runny noses and portable hand sanitizer gels,for on-the-spot de-germing.

Courtesy : http://tkbsen.blogspot.com/

Checklist for exemption from filing IT returns

It's time to file your income tax returns for the year 2010-11. In the current year, the Central Board of Direct Taxes (CBDT) has exempted certain segments of taxpayers from filing tax returns. However, there are certain conditions attached in order to be eligible for the exemption. So, before deciding on not filing the income tax returns, you need to be aware of the conditions. You may also be required to file the income tax returns, even if the income is less than Rs 5 lakh.

According to the amendment, salaried individuals with a taxable income of less than Rs 5 lakh will not have to file income tax returns in the current assessment year. The finance ministry has issued a notification to this effect. This was announced by the finance minister in the Union Budget speech for 2011-12. As such, individuals with a total taxable salary income of less than Rs 5 lakhs in the financial year 2010-11, after allowing all deductions, will be exempt from filing tax returns this year.

Some conditions to be met:

Salary only source of income

An employee will be required to declare his permanent account number (PAN) to his employer and obtain a certificate of tax deductions in Form No 16. Another condition is that an individual should not have any income from sources other than his salary. He should have earned income only in the form of salary and savings bank interest.

So, if you have income from fixed deposits, mutual funds, shares, property etc, you will be required to file the returns.

Single employer

It is to be noted that the entire income of an individual must accrue from a single employer. In case an individual has changed jobs or worked in two or more jobs, he will have to file the IT returns even if his total salary income is below Rs 5 lakhs during the year.

No interest income over Rs 10K

Another condition is the earnings from interest. In case a person has interest income of more than Rs 10,000 from his savings deposits, he cannot claim the exemption from filing returns. However, in case he has interest income of less than Rs 10,000, he will need to declare it to his employer and have the tax deducted, so as to be eligible for the exemption.

Not applicable in case of refund claim

In case an individual wants to claim a refund, he will have to file the returns. There is no escaping from filing returns in case one has paid excess tax and wishes to claim a refund. The exemption will not be applicable in cases where notices are issued for filing the income tax returns under Section 142(1), Section 148, Section 153A or Section 153C of the Income Tax Act.

Not applicable in case of loss claim

In case one has incurred some losses or has carried forward losses of any prior year, under any year, he will be required to file his returns before the due date. He cannot claim exemption. Else he will forfeit the right to carry forward the losses.

So, 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 will not be covered under the scheme. One should check these conditions first and then take the decision of not filing returns.

Source:ET & http://centralgovernmentemployeesportal.blogspot.com

Model Questions for IPO Examination - Question No 146-159 FRSR Part I

Q146 What is meant by FRSR a. Financial Rule and Service Rule b. Fundamental Rules and Service Rules c. Fundamental Rules and Supplementary Rules

Q147 The Fundamental rules shall come into force with effect from ----------------- a. 1st January 1970 b. 1st January 1922 c. 1st January 1975

Q148 The fundamental Rules apply subject to the provisions of Rule 3 to all ------------ a. Government officials b. Citizen of India

Q149 what option was given by president of India to the government service from 1st July 1976 a. option to continue to be governed by provision of civil services regulations or come over to fundamental rules b option to continue to be governed by provision of civil services regulations c . None of the above

Q150 The option in respect of fundamental rules which was selected by non –gazetted staff may be recorded in ----------- a. option may be recorded in service Book b. option may be forwarded to account officer c . Both

Q151 GPF rules 1960 can be amended time to time The above said statement is a. true b. false

Q152 From the following action , which action is not re delegate to subordinate authorities ? a . action related with creation of Post . b. appointing a government servant c. issue order related with changes of allowance

Q153 --------------- of the constitution is based for appointing administrator of union territory a. article 239 b . article 240 c. article 241

Q 154 Travelling allowance may be considered as ------------- a. Special allowance b. Compensatory Allowance c. Both

Q154 A government servant is under training then it will considered as he is under duty a. The statement is correct b. the statement is incorrect

Q155 For departmental promotion examination a government official is granted leave. Then leave period is calculated on what basis? a. duration of examination b. duration of examination plus minimum period required for journey to and from the examination centre nearest to headquarters station c. duration of examination plus minimum period required for journey to and from the examination centre to candidate’s home

Q156 A Government servant attend in departmental examination may considered as duty then the official should report his/her office after the examination The above said statement a. True b . False

Q157 Halts necessitated by breakdown of communication while government servant is on transfer or training Is it possible to grant all such halts considered as duty a. No b Yes

Q158 From the following allowance which is considered as recurring Honorarium? a. Over time allowance b. TA c. Honorarium for examination

Q159 Number of persons so entitled is more than the posts available then lien will be given on------------ basis a. Junior most person in the grade will be liable to be reverted b . Senior most person in the grade will be liable to reverted c . None of the above

Please visit nfpemavelikaradivision.blogspot.com If you want more question please intimate your email ID to me My email id shankarjayac123@gmail.com Mobile No – 9961464279

NREGS helps India Post make money

New Delhi: India Post is sailing through a revival, all thanks to the flood of post office accounts opened by those employed through the National Rural Employment Guarantee Scheme to receive their payments has led to a virtual revival of the department. Close to five crore workers have opened accounts with the post offices.

India Post revenues had declines sharply following the last decade’s boom in telecom and internet communication, but since 2008-09, things have changed for the better.

Budget figures show that the net revenue of the department of posts rose 42% from Rs 3,824 crore during 2008-09 to R5,463 crore during 2009-10. In 2010-11, the rise was 18%. The department’s net receipts were languishing at R1,373 crore in 2006-07.

Due to the rush for payment of NREGS wages, the department has been hiring temporary staff to help the existing workforce manage the large number of accounts.

Although a senior postal department official.. said that they do not earn ‘enough’ out of these ‘no-frills’ savings accounts, the finance ministry is reimbursing the postal department R130 per account annually for incurring costs in maintaining the accounts. This implies a net income of R650 crore annually to the postal department.

Close to one lakh post offices mostly in rural areas are handling 4.94 crore NREGS accounts for timely wage disbursements. The performance of post offices in managing so many accounts has been 'satisfactory, said the department official.

“We are slowly building the savings habit in a large section of rural poor families by including them in the formal banking system,” the top postal official told FE.

Since the launch of the mega job guarantee scheme in February 2006, the UPA government has been flooded with several complaints about non-payment or partial payment for NREGS workers, and there have even been several reports of ‘ghost’ workers siphoning off the.. wages of genuine workers.

The MGNREGA, 2005 was amended in February, 2009 to enable payment of wages through banks and post office saving accounts of the workers. A rural development ministry official said that more than 84% of the total wage payment under the employment guarantee scheme had been made every year through banks and post offices. Last fiscal, close to R 25,000 crore of NREGS wages were paid through these saving accounts.

Source: Financial Express 6^th July, 2011

Distribution and Collection of phone bills of BSNL through line staff

BHARAT SANCHAR NIGAM LIMITED
(A Government of India Enterprise)
Corporate Office (Revenue Management Branch - CFA)
2nd floor, Room No. 216, Eastern Court, Janpath,
NEW DELHI-110 001

To

All Heads of Telecom Circles/Metro Telephone Districts
Bharat Sanchar Nigam Limited.

No.2-4/2006-BSNL/TR/Pt.

dated: 24-06-2011.

Subject: Distribution and collection of phone bills of BSNL through line staff.

Kind reference is invited to this office letter of even No. dated 12-09-2008 through which the approval of Competent Authority was conveyed for allowing line staff to collect and distribute phone bills of BSNL on the incentive rate of Rs.2/- (Two) per bill for delivery and Rs.3/- (Three) per bill for collection, on certain terms and conditions as indicated therein.

The instructions contained in the letter mentioned above are hereby re-iterated for wide circulation in all the SSAs of your Circle, so that the benefit of the scheme is availed off by maximum members of the line staff.

Moreover, it has been desired to have monthly reports on achievement made through the scheme from all Circles (SSA wise), for the ensuing three months i.e., July, August and September 2011. It is requested to ensure that the reports for these three months are sent to this office positively by 15th on the month following the month of report in the format given below.

(G. P. Verma)
GM (Finance) CFA

FORMAT

Report on distribution and collection of phone bills through Line staff

Name of the Circle: __________________

Month of Report: ____________________

Name of SSA	Total No. of Phone bills issued during the month	No. of bills distributed by Line staff during the month	No. of bills collected by Line staff during the month	Amount of incentive Paid to staff for distribution and collection of bills during the month

Source: BSNLEUCHQ & CENTRAL GOVERNMENT EMPLOYEES NEWS

Eligibility of permanently disabled son of a Central government health Service (CGHS) beneficiary to avail CGHS facility-reg.

CGHS facility for disability clarified

Eligibility of permanently disabled son of a Central Government Health Service (CGHS) beneficiary to avail CGHS facility has been clarified with respect to schizophrenia as a disability. It is clarified that schizophrenia is a case of mental disorder and falls within the definition of disability as defined in Section 2 (i) of The Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995 (No.1 of 1996) and is covered by the terms `mental retardation’ and `mental illness’.

It has, therefore, been decided that sons of CGHS beneficiaries suffering from 40 per cent or more of schizophrenia will be entitled to avail CGHS facility even after attaining the age of 25 years, provided they are financially dependent on and residing with the CGHS beneficiary.

For this purpose, the CGHS beneficiary will furnish to the CGHS the disability certificate issued by the appropriate authority to the effect that the disabled person is still suffering from a disability which is more than 40 per cent, after every five years.

Details are available in the Department of Health and Family Welfare

OM No. 4 – 24/96- C&P/CGHS (P) dated May 26, 2011.