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Scaling of Mount Everest by Income Tax Officer, Kolkata.

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Scaling of Mount Everest by Income Tax Officer, Kolkata.

The Income Tax Department is extremely happy and proud to announce that Shri Debasish Biswas, an Income Tax Officer of West Bengal region has scaled the Mount Everest on 17th May, 2010 at 7:45 hours. Shri Biswas was accompanied by two other employees of the Income Tax Department, Kolkata region viz Shri Sourav Sinchan Mondal, Senior Tax Assistant and Shri Bivash Sarkar, Stenographer. Both of them were core members of successful team. This achievement is a matter of great honour for the Income Tax Department as a whole.

Interest Rates for House Building Advance to Central Government Employees

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Interest Rates for House Building Advance to Central Government Employees
Concessional interest to employees for promoting Small Family Norm :-
The rate of interest will be half per cent less for an employee who undergoes sterilization.
The advances carry simple interest from the date of payment of the first instalment and is calculated on the balance outstanding on the last day of each month. No interest is chargeable beyond the date of retirement/death of the government servant.
Amount of Loan sanctioned
From 16.12.1997 to 31.3.2001
From 1.4.2001 to 31.3.2002
From 1.4.2002 to 31.3.2003
From 1.4.2003
Up to Rs.50,000
7.5%
6.5%
6.0%
5.0%
Rs.50,001 to Rs.1,00,000
9.0%
8.0%
7.5%
6.5%
Rs.1,00,001 to Rs.1,50,000
9.0%
8.0%
7.5%
6.5%
Rs.1,50,001 to Rs.2,00,000
11.0%
10.0%
9.5%
8.5%
Rs.2,00,001 to Rs.2,25,000
11.0%
10.0%
9.5%
8.5%
Rs.2,25,001 to Rs.5,00,000
11.0%
10.0%
9.5%
8.5%
Rs.5,00,001 to Rs.7,50,000
12.0%
11.0%
10.5%
9.5%

Army Decides to Take 124 More MBT Arjun

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Army Decides to Take 124 More MBT Arjun

The Army has decided to place fresh order for an additional home-built 124 Main Battle Tank (MBT) Arjun. This is over and above the existing order of 124 tanks. The development follows the success of the indigenous MBT Arjun in the recent gruelling desert trials.

The project for the design and development of the MBT Arjun was approved by the Government in 1974 with an aim to give the required indigenous cutting edge to our Mechanised Forces. After many years of trial and tribulation it has now proved its worth by its superb performance under various circumstances, such as driving cross-country over rugged sand dunes, detecting, observing and quickly engaging targets, accurately hitting targets – both stationary and moving, with pin pointed accuracy. Its superior fire-power is based on accurate and quick target acquisition capability during day and night in all types of weather and shortest possible reaction time during combat engagements.

Successful Test of AGNI – 2

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Successful Test of AGNI – 2

The Strategic Forces Command today successfully launched the AGNI A2 missile. The launch was carried out from Wheeler Island off the coast of Orissa. The vehicle lifted off at 0918 hrs and was tracked by various downrange stations. All mission objectives have been met. With this launch the Strategic Forces have carried out launch of all three versions of Agni within three months demonstrating their capability.

Dr VK Saraswat, Scientific Adviser to Defence Minister & Secretary, DRDO and Dr Avinash Chander Programme Director, AGNI were present in the Wheeler Island during the mission.

The Defence Minister Shri AK Antony spoke to Dr. Saraswat over phone and congratulated him for the successful launch of Agni – 2. Shri Antony conveyed his appreciation for the contribution of the DRDO Scientists to make the endeavour a success.

Employees’ Provident Fund to be Modernised

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Employees’ Provident Fund to be Modernised

A budgetary estimate of Rs. 96 crore has been approved by the Central Board of Trustees, Employees’ Provident Fund (CBT, EPF) for the implementation of the first phase of the ‘Modernization Project’ of the Employees’ Provident Fund Organisation (EPFO) being implemented in collaboration with National Informatics Centre (NIC).

The first phase of the ‘Modernization project’ has already been implemented in 28 offices of EPFO. It is planned to implement it in the remaining 92 offices of EPFO in the current financial year i.e. 2010-11.

CBDT Clarification on Security of e-filing portal

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CBDT Clarification on Security of e-filing portal

A section of the media has reported that e-filing of income tax returns had turned risky as the security certification of the Income Tax department’s Internet portal had lapsed on 8th May 2010.

In this regard, it has been clarified by the Central Board of Direct Taxes (CBDT) that the process for renewal of the security certificate of the department’s e-filing portal was initiated well in time before it lapsed on 8th May 2010. Pending completion of certification procedure, the e-filing facility for AY 2010-11 has been temporarily suspended. This will not affect taxpayers in any way, as the earliest income tax return for AY 2010-11 falls due on 31st July 2010. The facility is expected to be renewed very shortly.

It is also clarified that the e-filing portal of the Income Tax department remains fully secure and lapse of the security certificate does not mean that its security features are slackened or compromised.

Welfare scheme in offing for 55 lakh teachers

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Welfare scheme in offing for 55 lakh teachers

Nearly 55 lakh teachers from schools, colleges and universities across the country can hope for a number of welfare measures, including insurance cover and housing facility.

The government is planning to launch a new scheme National Foundation for Teachers' Welfare under which teachers of nearly 1.3 million elementary schools, 20,000 colleges and 500 universities will be entitled for these benefits.

The proposed scheme will come for discussion at the meeting of Central Advisory Board of Education (CABE), the highest advisory body having state education ministers as its members, on June 18 and 19, a HRD Ministry official said.

The government has Central Government Health Scheme which covers most of the central government employees.

However, the proposed scheme will provide insurance cover to all teachers, including those appointed by the state government.

The scheme also envisages provision of housing facility to each teacher in the country.

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