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Due Date of Filing of Returns of Income for Assessment Year 2011-12 Extended in Sikkim

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Ministry of Finance

Due Date of Filing of Returns of Income for Assessment Year 2011-12 Extended in Sikkim

          On consideration of the reports of disturbance of general life caused due to earthquake in the State of Sikkim, the Central Board of Direct Taxes (CBDT), in exercise of powers conferred under section 119 of the Income Tax Act, 1961, has extended the ‘due date’ of filing of returns of income for the Assessment Year 2011-12, from 30th September 2011 to 31st October 2011 in respect of assesses assessed at Sikkim. Accordingly, the ‘specified date’ for Tax audit report as prescribed under Section 44 AB of the Income Tax Act, is also extended to 31st October 2011.

Source: PIB

TN Government employees to get 7% hike in Dearness allowance

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Tamil Nadu Government employees to get 7% hike in Dearness allowance

Two weeks after the Union Cabinet approved seven per cent hike in Dearness allowance for Central Government employees, Tamil Nadu Government declared to hike Dearness allowance for its employees also by 7% with effect from 1.7.2011.

The additional enhanced payment of the Dearness allowance will be paid in cash to all regular employees immediately with back date from 1.7.2011. The existing rate of Dearness allowance is now 51%, the revised rate of Dearness allowance will become 58% with effect from 1.7.2011. The calculation of Dearness allowance, Pay in the pay band plus Grade pay with multiple of 58%.

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