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Friday, June 04, 2010

SSC to Conduct Skill Test for Stenos on Computer only

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SSC to Conduct Skill Test for Stenos on Computer only

Staff Selection Commission (SSC) has decided that from financial year 2010-11 Skill Test for recruitment to the posts of LDCs and Stenographers and also periodical typing and Stenography tests and Skill tests of Departmental Examinations will be conducted on Computer only. The step has been taken keeping in view the use of Computer in day to day working in government offices. This will relieve the candidates from the burden of arranging their own manual Typewriters at a considerable cost. The following norms have been prescribed:-


POST SKILL TEST NORMS ON COMPUTER
Lower Division Clerk English Typing @ 35 w.p.m.
Hindi Typing @ 30 w.p.m.
(Time allowed – 10 mts.)

(35 w.p.m. and 30 w.p.m. correspond to
10500/9000 KDPH (Key Depressions Per
Hour) on an average of 5 key Depressions
for each word.
Stenographer Gr.D. Dictation: 10 mts,. @ w.p.m.
Transn: 50 mts (Eng.)
65 mts. (Hindi)
Stenographer Gr. C. Dictation : 10 mts @ 100 w.p.m.
Transn: 40 mts(Eng.)
55 mts. (Hindi)


Tax treatment of Home Loans

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Tax treatment of Home Loans

The Income Tax Act, 1961 provides tax benefits for assessees that have home loans. The home loan which has to be repaid to the bank in monthly installments. The installment consists of two components i.e. - interest and principal repayment. The bank gives a detailed worksheet of the loan calculation and of the bifurcation of the EMIs paid by the borrowers. These monthly repayments are qualified for deductions from income tax.

You can ask for Amortization Schedule from your bank which consist the entire schedule of loan with detailed break-up month wise for Interest as well as Principal repayment

Please find the tax treatment for EMIs paid by the borrower:

Deduction under Section 80C of the Income Tax Act: The portion of the EMI paid towards repayment of principal amount of the loan can be deducted from income. The borrower can get a tax deduction for a maximum amount of Rs 1,00,000 each year under this section irrespective of his tax bracket. The Act requires the home loan to be towards a property for self occupation.

However, if the assessee's city of employment is different from the city where he has purchased a home, he is still eligible for this deduction.

So if you work in Delhi but has purchased a home your hometown, you can still claim a deduction under this section even if he is not actually staying in this home.

Deduction under Section 24(b) of the Income Tax Act

The interest paid towards home loan is treated as an 'expense' under 'Income from house property' and is deductible under Section 24(b) from the total income of the assessee.

The maximum deduction permitted under this section is Rs 1,50,000 per annum.

In case of partial disbursement of loan

In cases where some part of the loan is disbursed by the bank during construction stage of the property, the tax treatment is slightly different. This portion of the interest paid prior to completion of construction of property cannot be claimed as a deduction in the year in which it is paid.

However, upon completion of construction, the assessee can claim deduction for this interest under Section 24(b) in 5 equal installments, i.e., 1/5th for each of the five years after the end of construction period. Note that the upper limit on deduction each year remains Rs 1,50,000.

Assume you purchased a home in FY06.The property was still under construction and was completed only in FY09. Some amount of loan was disbursed by the bank in FY05-06 and you made interest payments of Rs1,00,000 between FY06 and FY08. You can claim deduction of Rs 20,000 for 5 years starting from FY09.

Disbursement of loan

As we all know that Builder's generally offer 2 types of plan

Construction Linked
Down Payment
If you have opted for down payment plan and received the entire loan money in FY06, and EMI starts immediately, you would lose on the principal repayment deduction under Section 80C for the 3 years until construction of the property ends. This is because deduction under Section 80C can be availed only after getting possession of the property.

In case of more than one home loan

If you work in Delhi and has a purchased a home in your hometown for which you have taken home loan. Will he still get benefit under the Act for this second home your hometown?

The answer is 'Yes'. Benefits under Section 80C and Section 24(b) can be taken for more than one home if all these homes satisfy the requirements of the Act. The home in delhi satisfies the condition of self occupancy while the home in hometown comes within the exception of the self occupancy rule that the city of work is different. Irrespective of the number of homes the maximum limit of Rs 1,00,000 for Section 80C and Rs 1,50,000 for Section 24(b) still apply. Note that it does not matter if you gives one home on rent. You will still be able to get the tax break.

In case of joint home loan
What is the tax impact if you have taken the home loan jointly with your wife? In this case both you and your wife can claim tax deduction on their return if the home too is jointly owned by them. Tax benefit can be availed in the same proportion as the burden of EMI borne by each. If you pay 80 per cent of the EMI and your wife contributes towards the remaining 20 percent, the tax deduction will be available in the same proportion. So if principal repaid during a year is Rs 100,000 then you can claim Rs 80,000 under section 80C and even your wife can claim Rs 20,000 under the section.

If your wife does not co-own the home, then she will not get any tax deductions for EMIs paid on such loan.

Source: Assettreat

Classification of Railway Service posts

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Advance connection slip to Indian Railway Establishment Code Vol. (Fifth Edition – 1985)
Second reprint edition – 2003

Advance correction slip No.110

Rule 107 of Indian Railway Establishment Code Vol. 1 (Fifth Edtion – 1985) shall be substituted as under:-

107. (i) With effect from 08.01.2010 subject to exception made in the footnotes below and also subject to such exception as Ministry of Railawys may, by any general or special orders make from time to time, Railway Service posts shall be classified as follows:

S.No. Description of Posts Classification of Posts
1 (a)

   (b)
A Railway Service post in Apex Scale (Rs.80000-fixed), Higher Administrative Grade plus scale (Rs.75500-800000) and HAG Scale (Rs.67000-79000), and
A Railway Service post carrying Grade Rs.10000, Rs.8900 and Rs.8700 in Pay Band PB-4 (Rs.37400-67000) and Grade Pay Rs.7600, Rs.6600 and Rs.5400 in Pay Band PB-3 (Rs.15600 – 39100) but excluding the posts failing in S.No. (2) & (3) below.
Group A (Gaz.)
2 A Railway service post carrying Grade Pay Rs.5400 and Rs.4800 in Pay Band PB-2 (Rs.9300-34800) but excluding the posts falling in S.No.(3) below:

The post of Assistant Nursing Officers carrying Grade Pay Rs.5400, Principal/Head Master/Head Mistress (Secondary/High School & equivalent) (Basic Grade & Sr. Grade) carrying Grade Pay Rs.5400, Rs.6600 in Pay Band PB-3 (Rs.15600-39100) and Non-functional Grade of Group ‘B’ Gaz. Posts of various organized Railway services & RBSS/RBSSS carrying Grade Pay Rs.5400 in Pay Band PB-3 (Rs.15600-39100) will continue to be classified as Group ‘B’ (Gaz.)
Group B (Gaz.)
3 A Railway service post carrying Grade Pay Rs.4600 and Rs.4200 in Pay Band PB-2 (Rs.9300-34800) Grade pay Rs.2800, Rs.2400, Rs.2000, Rs.1900 and Rs.1800 in Pay Band PB-1 (Rs.5200-20200)

The post of S.O. (Acs)/Sr.SO (Acs), TIA/Sr.TIA and ISA/Sr.ISA (Merged grades) carrying Grade Pay Rs.4800 in Pay Band PB-2 (Rs.9300-34800), Nursing Sister carrying Grade Pay Rs.4800 in Pay Band PB-2 (Rs.9300-34800), Matron / Chief Matron (Merged Grade) carrying Grade Pay Rs.5400 in Pay Band PB-3 (Rs.15600-39100). Primary School Teacher/Trained Graduate Teacher / Post Graduate Teacher and equivalent (Basic / Senior / Selection Grade) carrying Grade Pay Rs.4800/5400/6600 in Pay Band PB-2/PB-3 (Rs.9300-34800/15600-39100) will continue to be classified as Group ‘C’.
Group C
4 A Railway Service Post carrying Grade Pay Rs.1650, Rs.1600, Rs.1400, Rs.1300 in Pay Band 1S (Rs.4440-7440). Group D (till the posts are upgraded)
Notes:

    (a) A person placed in higher Grade Pay / Pay Band under In-situ promotion scheme / ACP or MACP Schemes will continue to retain the classification of his Basic Post.

    (b) The classification of Non-functional posts, Sr.& Selection Grade posts of Teaching /school staff will continue to remain the same as applicable to Basci Grade post.

    (c) The Assistants of Railway Board sect. Service & personal Assistant of Railway Board Sectt. Stenographers Service will continue to be classified as Group ‘B’ (Non-gazetted) as laid down in respective service rules.

    (d) If higher classification than that indicated above is presently prescribed for any specific post in the respective service rules, the same shall continue till further orders

(2) Posts created subsequent to date of effect of these orders as specific additions to existing cadres shall have the same classification as posts in the cadre to which they are added.

(3) For above purpose Pay Band, in relation to a post, means the running Pay Bands specified in Part A, Section 1, Column 5 of the First Schedule to the Railway Services (Revised Pay) Rules, 2008 & Board’s letter No. PC VI /2008 / I / RSRP / I dated 11.09.2008. (Authority : Ministry of Railway’s letter No. PC VI/2009/I/RSRP/4 dated 08.01.2010)


*****








GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BAORD)
S.No.PC VI-177
No.PC VI/2009/I/RSRP/4
RBE No.5/2010
New Delhi, Delhi 18.01.2010
The General Managers
All Indian Raiways and Production Units
(As per mailing list)


     Sub: Classification of Railway Service consequent upon introduction of Railway Service (Revised Pay) Rules, 2008.

In exercise of powers conferred by provison to Article 209 of the Constitution of India, the President hereby directs that with effect from the date of issue of these orders. Subject to exceptions made in the footnotes below and also subject to such exceptions as Ministry of Railways may, by any general or special orders make from time to time. Railway Service posts shall be classified as follows…


S.No. Description of Posts Classification of Posts
1 (a)

   (b)
A Railway Service post in Apex Scale (Rs.80000-fixed), Higher Administrative Grade plus scale (Rs.75500-800000) and HAG Scale (Rs.67000-79000), and
A Railway Service post carrying Grade Rs.10000, Rs.8900 and Rs.8700 in Pay Band PB-4 (Rs.37400-67000) and Grade Pay Rs.7600, Rs.6600 and Rs.5400 in Pay Band PB-3 (Rs.15600 – 39100) but excluding the posts failing in S.No. (2) & (3) below.
Group A (Gaz.)
2 A Railway service post carrying Grade Pay Rs.5400 and Rs.4800 in Pay Band PB-2 (Rs.9300-34800) but excluding the posts falling in S.No.(3) below:
The post of Assistant Nursing Officers carrying Grade Pay Rs.5400, Principal/Head Master/Head Mistress (Secondary/High School & equivalent) (Basic Grade & Sr. Grade) carrying Grade Pay Rs.5400, Rs.6600 in Pay Band PB-3 (Rs.15600-39100) and Non-functional Grade of Group ‘B’ Gaz. Posts of various organized Railway services & RBSS/RBSSS carrying Grade Pay Rs.5400 in Pay Band PB-3 (Rs.15600-39100) will continue to be classified as Group ‘B’ (Gaz.)
Group B (Gaz.)
3 A Railway service post carrying Grade Pay Rs.4600 and Rs.4200 in Pay Band PB-2 (Rs.9300-34800) Grade pay Rs.2800, Rs.2400, Rs.2000, Rs.1900 and Rs.1800 in Pay Band PB-1 (Rs.5200-20200)
The post of S.O. (Acs)/Sr.SO (Acs), TIA/Sr.TIA and ISA/Sr.ISA (Merged grades) carrying Grade Pay Rs.4800 in Pay Band PB-2 (Rs.9300-34800), Nursing Sister carrying Grade Pay Rs.4800 in Pay Band PB-2 (Rs.9300-34800), Matron / Chief Matron (Merged Grade) carrying Grade Pay Rs.5400 in Pay Band PB-3 (Rs.15600-39100). Primary School Teacher/Trained Graduate Teacher / Post Graduate Teacher and equivalent (Basic / Senior / Selection Grade) carrying Grade Pay Rs.4800/5400/6600 in Pay Band PB-2/PB-3 (Rs.9300-34800/15600-39100) will continue to be classified as Group ‘C’.
Group C
4 A Railway Service Post carrying Grade Pay Rs.1650, Rs.1600, Rs.1400, Rs.1300 in Pay Band 1S (Rs.4440-7440). Group D (till the posts are upgraded)


Notes:

    (a) A person placed in higher Grade Pay/Pay Band under In-situ promotion scheme/ACP or MACP Schemes will continue to retain the classification of his Basic Post.

    (b) The classification of Non-functional posts, Sr. & Selection Grade posts of Teaching/School staff will continue to remain the same as applicable to Basic Grade post.

    (c) The Assistants of Railway Board Sectt. Service & Personal Assistants of Railway Board Sectt. Stenographers Service will continue to be calssified as Group ‘B’ (Non-gazetted) as laid down in respective service rules.

    (d) If higher classification than that indicated above is presently prescribed for any specific post in the respective service rules, the same shall continue till further orders.

2. Posts created subsequent to date of effect of these orders as specific additions to existing cadres shall have the same classification as posts in the cadre to which they are added.

3. For the purpose of these orders Pay Band, in relation to a post, means the running Pay Bands specified in Part A, Sectin 1, Column 5 of the First Schedule to the Railway Services (Revised Pay) Rules, 2008 & Board’s letter No. PC VI / 2008 / I/ RSRP /1 dated 11.09.2008.

4. Accordingly, the President is pleased to direct that Rule 107 of Indian Railway Establishment Code Vol. 1(Fifth Edition – 1985) shall be amended as in the Advance Correctin Slip No.110(enclosed).

5. This issues with the concurrence of the Finance directorate of the Ministry of Railways.

6. Please acknowledge receipt. Encl. : Code Correction Slip No. 110


(Koshy Thomas)
Joint Director Pay Commission II
Railway Board


Give serious thought before censuring: CAT to cops

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Give serious thought before censuring: CAT to cops

The Central Administrative Tribunal has asked Delhi Police to give a "serious thought" before censuring an officer as it could negatively affect his promotion prospects.

"Even though, there are instructions to state that unless the censures may be on the allegations of corruption and moral turpitude, the same may not be taken into consideration in case of promotion, but the law that has evolved is that overall service record is relevant for the purpose.

"That being so, while proposing to visit a police officer with the penalty of censure, the concerned authority is to give serious thought," the Tribunal bench, comprising Chairman V K Bali and Vice Chairman L K Joshi, said.


Illiteracy no excuse to challenge birth date after years: CAT

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Illiteracy no excuse to challenge birth date after years: CAT

The Central Administrative Tribunal has held that illiteracy of an employee cannot be a ground for challenging the correctness of his or her date of birth in office records after a considerable time period.

The Tribunal dismissed a petition, refusing relief to a woman employee of MCD who challenged an office order of 2000 in which her date of birth was changed.

"Even if the applicant could not read the office order, it was expected of her to have it understood through some literate person. By keeping quiet and not raising any objection, she has in fact acquiesced the alteration in the date of birth," the Tribunal said.

It said the application regarding the correctness and validity of change in the date of birth should have been filed within one year from the date the office order.

"Except that she is illiterate, no plausible explanation has been given by her as to what prevented her to challenge the office order in time," the Tribunal said.

It said the application was time-barred. "The applicant cannot revive the period of limitation on the ground of her retirement based on such date of birth which was duly recorded in the service records. What cannot be done directly cannot be done indirectly," the Tribunal said.

Earlier, the MCD contended that the change in date of birth made in 2000 cannot be allowed to be challenged at the time of her retirement in 2008 when all these years she kept quiet and did not raise any objection.

The applicant, Laxmi Bai, said she was illiterate and did not understand the order of 2000 served upon her.

The Tribunal did not agree with her contention and dismissed the petition.

According to her affidavit, her date of birth is July 15, 1948 which had been altered to July 15, 1950 in the official records in 2000 on the basis of medical certificate.

Source: Economic Times


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