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Tuesday, March 25, 2014

Income Tax Offices shall remain open on 29th, 30th and 31st of March, 2014

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Income Tax Offices shall remain open on 29th, 30th and 31st of March, 2014

F.No.225/138/2014/ITA.II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi, the 24th March, 2014
Order under Section 119(1) of the Income tax Act, 1961.

The Financial Year 2013-14 closes on 31.3.2014. In view of closer of office on 29th and 30th of March being Saturday and Sunday and also on 31st March at some stations being Gudi Padava, Ugadi etc. the field Income Tax Offices through-out India shall remain open and the receipts counters shall also work during normal office hours on 29th, 30th and 31st of March, 2014. This direction is issued for administrative convenience by the Central Board of Direct Taxes in exercise of powers conferred under section 119 of the Income Tax Act, 1961.

EXPECTED DA FROM JULY 2014 CALCULATOR

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EXPECTED DA FROM JULY 2014 CALCULATOR

DID YOU KNOW? YOU CAN CALCULATE DA FOR JULY 2014 YOURSELF!

We have been waiting eagerly for the announcement of 50% DA merger and interim relief for quite some time now, but still no announcement about it has come out! This is really disappointing.

As you know, we got the 50% DA merger(5th paycommission) and interim relief(2nd to 4th paycommission) in the last pay commission to compensate for the increased commodity prices and economic burden. So our present expectation cannot be unreasonable. We only get our DA to manage the price rise of essential commodities. As of now it has reached 100% raise and some allowances are expected to rise only by 25%. When this is the case, calculating the DA rise in the coming July 2014 is somewhat difficult. As of now, the announcement of only one month’s AICPIN has come out. In the coming five months, we will get a complete picture of the AICPIN value. Only after that we can calculate the DA rise accurately.



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