Grant of DR to Central Government Pensioners/Family Pensioners revised rate effective from 01/07/2011-orders issued

Dear Comrades,

Department of Pension&Pensioners Welfare has been issued orders for payment of DR to Central government Pensioners/Family Pensioners revised rate effective from 01/07/2011@ 58% vide Memo No.F.No.42/15/2011-P&PW(G) dated 05/10/2011.

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Grant of Special Allowance for Child Care for Women with Disability-DOPT clarification

Dear comrades,
A Clarification issued by DOPT in respect of grant of Special Allowance for Child Care for Women with disability vide Memo No.12011/04/2008-Estt.(AL) dated 26/09/2011.

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DA Orders issued by Finance Ministry

Dear Comrades,
Finance Ministry issued payment of DA Orders revised rates w.e.f.01/07/2011 @58% vide Memo No.1(14)/2011-E-II (B) dated 03/10/2011. Now the revised rate of DA is 58% w.e.f 01/07/2011.

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Maximum Deposit in savings accounts - ceiling removed

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SB ORDER NO. 20/2011

No. F.No.113-23/2005-SB

Government of India

Ministry of Communications & IT

Department of Posts

Dak Bhawan, Sansad Marg,

New Delhi-110001,

Dated: 27.09.2011

To All Heads of Circles/Regions Addl. Director General, APS, New Delhi.

Subject:- Removal of ceiling of maximum balance to be retained in a post office savings account- amendment to Rule-4 of the Post Office Savings Account Rules 1981 regarding.

Sir / Madam,

The undersigned is directed to say that issue of removal of ceiling of Rs.1 lac in single savings account and Rs.2 Lac in Joint Savings Account fixed in the year 2000 was under consideration in the Min. of Finance (DEA). This issue was linked to the benefit of exemption in Income Tax on the interest earned in Post Office Savings Account under Section10(15) (i) of Income Tax Act, 1961 by the CBDT and Min. of Finance (DEA). After sustained efforts on the part of this Directorate, Min. of Finance (DEA) has now amended Rule-4 of the Post Office Savings Account Rules 1981 vide G.S.R.681(E) F.No.2/5/2006-NS-II dated 15.9.2011 (copy enclosed). Some major benefits of this amendment are given below:

(i) From 1.10.2011, there will be no limit for retaining balance in single as well as joint savings account.

(ii) A depositor or depositor(s) can deposit any amount into single as well as joint savings account.

(iii) Maturity value of any savings instrument can be credited into savings account of the depositor standing in the same post office irrespective of the balance in the account.

(i) Any cheque either issued by Postmaster or any other authority irrespective of any amount can be credited into post office savings account irrespective of the balance in the account.

(ii) From the Financial year 2011-12, Interest income of Rs.3500/- in the case of single account and Rs.7000/- in case of Joint account will be exempted from Income Tax. (Section 10(15) (i) of Income Tax Act, 1961 amended vide Notification No. 32/2010 {F.No. 173/13/2011-IT A.I}/S.O.1296(E) dated 03.06.2011)

(iii) It is the duty of the depositor(s) to show the interest income earned from Post Office Savings Account(s) beyond the limit prescribed above in the Income Tax return and pay due Income Tax.

1. It is requested that all field units may be directed to give wide publicity to these changes in the shape of Public Notice and printing of leaflets.

2. This issues with the approval of DDG(FS).

Yours faithfully,

(Kawal Jit Singh)

Assistant Director (SB)

Productivity Linked Bonus for the accounting year 2010-11 - Directorate orders

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The Orders for payment of PLB for Postal Employees have been issued today evening. It will be 60 Days. The maximum ceiling will be Rs.3500/- for Regular Employees; Rs.2500/- for GDS; and Rs.1200/- for Casual including Temporary Status Casual Labourers.

Revision of Cash Handling/Special Allowance-DOPT Orders

Dear comrades,

DOPT issued orders to revise Special Allowance and Cash Handling Allowance vide Memo No.4/6/2008-Estt.(Pay II) dated 13/09/2011. According to the order "the OM NO.4/6/2008-Estt.(Pay II) dated 01/10/2008 states that the rates of special Allowance and Cash Handling Allowance will be automatically incresed by 25% every time the Dearness allowance payable on revised pay scales goes up by 50%"

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