Income Tax Deduction 2010-11

          In Circular No.07/2011/Fin dated 20/01/2011, Finance Department has circulated the copy of Circular No.8/2010[F.No.275/192/2009 IT (B)] dated 13/12/2010 of the Central Board of Direct Taxes, Department of Revenue, Ministry of Finance, Government of India for information in respect of Income Tax deduction from salaries under Section 192 of Income Tax Act 1961 during the Financial Year 2010-11 and guidance.

          For more details, please click here to download the Circular and click here for the Circular from  Central Board of Direct Taxes.

DA Arrears to PF - Time Extended

           In G.O (P) No.26/2011/Fin dated 12/01/2011 Government have extended the time limit of crediting the arrears of DA sanctioned from 01/01/2006, 01/07/2006, 01/01/2007, 01/07/2007, 01/01/2008, 01/07/2008, 01/01/2009 and 01/07/2009 to PF Accounts for six months. The DA arrears can be claimed and credited to the PF account in the salary bill up to 31/07/2011.

          For more details, please click here to downlaod the Order.

GPAI Scheme; extension of time limit

 

          In G.O (P) No.56/2011/Fin dated 28/01/2011 Government have extended the time limit to join the Group Personal Accident Insurance Scheme till 28/02/2011. The Officers concerned should ensure that the premium in respect of those employees who could not join the scheme is deducted from the salary for the month of January 2011 and in the case of spill over, from the salary for the month of February, 2011.

          For more details, please click here to downlaod the Order.