PENSIONERS DAY CELEBRATION AT MADURAI ON 7-12-2014.

PENSIONERS DAY WAS CELEBRATED WITH ZEAL AND ZEST AT MADURAI CHAIRED BY SRI M.RAVEENDRAN, PRESIDENT OF AIBSNLPWA MADURAI. THE HOUSE WAS NAMED AS SRI V R KRISHNA IYER MEMORIAL HOUSE, IN MEMORY OF THE VETERAN SRI. V R KRISHNA IYER, RETIRED CHIEF JUSTICE OF INDIA, WHO PASSED AWAY ON 4-12-2014 IN HIS 100 TH YEAR . THE HOUSE WAS FULL WITH 400 PENSIONERS, INCLUDING 100 LADIES.

OUR CHQ PRESIDENT, SRI. P S RAMAN KUTTY WHO GRACED THE OCCASION, IN HIS SPECIAL ADDRESS,

·          POINTED OUT THAT THE MADURAI BRANCH OF AIBSNLPWA HAVING 1450 MEMBERS THIS IS THE BIGGEST BRANCH OF AIBSNLPWA IN INDIA. HE CONGRADULATED THE OFFICE BEARERS FOR THIS.

·         HIGHLIGHTED THE HISTORY OF THE PENSIONERS DAY STARTING FROM  D S NAKRA CASE.

·         BRIEFED ON THE BURNING ISSUES:

1.       78.2 % DA MERGER.

2.       PENSION ANOMALY.

3.       MEDICAL ALLOWANCE.

4.       MEMORANDUM SUBMITTED TO THE 7^th CPC.,

IN THE COURSE OF THE PROCEEDINGS OF THE HOUSE

v  36 PENSIONERS WHO HAVE COMPLETED 75 YEARS OF AGE WERE honoured .

v  ID CARDS WERE ISSUED TO ALL LIFE MEMBERS WHO HAVE ATTENDED THE MEETING.

BY SRI. PS. RAMAN KUTTY.

HOMAGE

WE PAY OUR RESPECTFUL HOMAGE FOR THE DEPARTED VETERANS. 

1. SRI. V R  KRISHNA IYER RETD CHIEF JUSTICE OF INDIA   ON 4-12-2014 AT CHOCHI IN HIS 100 th YEAR

        

Fine lawyer,eminent jurist,incredible philosopher &

 

above all a phenomenal human being.

 

I bow to Justice Krishna Iyer 

                                                                    — Prime Minister Narendra Modi 

2. Shri. C P Sudhar (70),our Circle President of UP West Circle.ON 5-12-2014

3.Shri Rajaretnam, a very active member of Trivandrum Unit died on 5^th December 2014 morning.  

CHQ NEWS: UPDATE ON 78.2% DA MERGER 


6-12-2014

78.2% CASE

It is understood that the Cabinet Note, finalised by the Directorate,

is being circulated amongst senior officers for their approval. 

We are told that the Note could be sent to the other Ministries

(Finance, Heavy Industries, Law and Pension) for their concurrence

before end of this month.

OBITUARY

WE DEEPLY REGRET TO ANNOUNCE THE SUDDEN DEMISE OF OUR FRIENDS

SRI.C.KANDASAMY, TM,CTO,MA, ON 4-12-2014

&
SRI. V. CHANDRAMOHAN JTO MA , ON 5-12-2014

COMs. G.R.DHARMARAJAN, VEERACHAMY , RAGAVAN, LAKSHMI RAGHAVAN, AND A.RAMAKRISHNAN PAID HOMAGE .

NEW INCOME TAX RATES

3-12-2014

INCOME TAX RATE FOR THE ASSESSMENT YEAR 2015-2016

The rates of income-tax as applicable for Assessment Year 2015-16 for the following category is given below:-

1) in the case of every individual below the Age of Sixty Years

2)  For a resident senior citizen (who is 60 years or more at any time during the previous year but less than 80 years on the last day of the previous year, i.e., born during April 1, 1935 and March 31, 1955)

3)  For a resident super senior citizen (who is 80 years or more at any time during the previous year, i.e., born before April 1, 1935)—

Income Tax Rates For Assessment Year 2015-16

This part is applicable to a Resident Individuals below the age of 60 Years

Net income range	Income-tax rates	Surcharge	Education cess	Secondary and higher education cess
Up to Rs. 2,50,000	Nil	Nil	Nil	Nil
Rs. 2,50,000 – Rs. 5,00,000	10% of (total income minus Rs. 2,50,000) [see Note 1]	Nil	2% of income-tax	1% of income-tax
Rs. 5,00,000 – Rs. 10,00,000	Rs. 25,000 + 20% of (total income minus Rs. 5,00,000)	Nil	2% of income-tax	1% of income-tax
Rs. 10,00,000 – Rs. 1,00,00,000	Rs. 1,25,000 + 30% of (total income minus Rs. 10,00,000)	Nil	2% of income-tax	1% of income-tax
AboveRs. 1,00,00,000	Rs. 28,25,000 + 30% of (total income minus Rs. 1,00,00,000)	10% of income-tax [see Note 2]	2% of income-tax and surcharge	1% of income-tax and surcharge

ASSESSMENT YEAR 2015-16
• For a resident senior citizen (who is 60 years or more at any time during the previous year but less than 80 years on the last day of the previous year, i.e., born during April 1, 1935 and March 31, 1955)

Net income range	Income-tax rates	Surcharge	Education cess	Secondary and higher education cess
Up to Rs. 3,00,000	Nil	Nil	Nil	Nil
Rs. 3,00,000 – Rs. 5,00,000	10% of (total income minus Rs. 3,00,000) [see Note 1]	Nil	2% of income-tax	1% of income-tax
Rs. 5,00,000 – Rs. 10,00,000	Rs. 20,000 + 20% of (total income minus Rs. 5,00,000)	Nil	2% of income-tax	1% of income-tax
Rs. 10,00,000 – Rs. 1,00,00,000	Rs. 1,20,000 + 30% of (total income minus Rs. 10,00,000)	Nil	2% of income-tax	1% of income-tax
Above Rs.1,00,00,000	Rs. 28,20,000 + 30% of (total income minus Rs.1,00,00,000)	10% of income-tax [see Note 2]	2% of income-tax and surcharge	1% of income-tax and surcharge

ASSESSMENT YEAR 2015-16
• For a resident super senior citizen (who is 80 years or more at any time during the previous year, i.e., born before April 1, 1935)—

Net income range	Income-tax rates	Surcharge	Education cess	Secondary and higher education cess
Up to Rs. 5,00,000	Nil	Nil	Nil	Nil
Rs. 5,00,000 – Rs. 10,00,000	20% of (total income minus Rs. 5,00,000)	Nil	2% of income-tax	1% of income-tax
Rs. 10,00,000 – Rs. 1,00,00,000	Rs. 1,00,000 + 30% of (total income minus Rs. 10,00,000)	Nil	2% of income-tax	1% of income-tax
Above Rs. 1,00,00,000	Rs. 28,00,000 + 30% of (total income minus Rs. 1,00,00,000)	10% of income-tax [see Note 2]	2% of income-tax and surcharge	1% of income-tax and surcharge

Notes :
1. Rebate under section 87A – A resident individual (whose net income does not exceed Rs. 5,00,000) can avail rebate under section 87A. It is deductible from income-tax before calculating education cess. The amount of rebate is 100 per cent of income-tax or Rs. 2,000, whichever is less.
2. Surcharge – Surcharge is 10 per cent of income-tax if net income exceeds Rs. 1 crore. It is subject to marginal relief (in the case of a person having a net income of exceeding Rs. 1 crore, the amount payable as income tax and surcharge shall not exceed the total amount payable as income-tax on total income of Rs. 1 crore by more than the amount of income that exceeds Rs. 1 crore).
3. Education cess – It is 2 per cent of income-tax and surcharge.
4. Secondary and higher education cess – It is 1 per cent of income-tax and surcharge.
• Alternate minimum tax – Tax payable by a non-corporate assessee cannot be less than 18.5 per cent (+SC+EC+SHEC) of “adjusted total income” as per section 115JC
source: Income taxindia.gov.in


Thanks: AIBSNLPWA CHQ

NOTE:

The limit of IT exemption in case of housing loan interest repayment  raised from

 1.5 lakhs to 2 lakhs.

DO NOT WANT TELE MARKETTING CALLS/SMS?

25.11.14:  "DND:  "DO NOT DISTURB"   FACILTY:

                                 

Some of our members are requesting us to give detailed information about how to STOP unwanted SMS or Phone Calls from Telemarketing agents. We are explaining below the details for that facility. 

This facility is called ‘DND”   ie. “Do Not Disturb”.  This facility was introduced some years back with TRAI’s instruction and followed by all Telecom Mobile Operators.   

This can be done in three methods: 

1. Through SMS  2. Through voice call   3. Through website.

Through SMS:

In the message area   type   START 0 

Then send that message to Number 1909

Wait for one minute. You will get a reply SMS immediately asking you to confirm your request by sending  YES to the same number 1909.   Send  YES to 1909

Wait for one minute. Sometimes you may not get this reply. No problem.  You once again send your same request  START 0  to 1909.   Now you will get a  confirmation

 SMS informing that your request has been registered.  After  some time you will  get a registration number also for your  request. It will take one week time to implement your request to ban the unsolicited incoming SMS & Phone calls.  

     

 If you find any difficulty after implementing this procedure u can revert back to  your  old condition at any time. This can be  done by sending STOP 0 to number        1909

...Courtesy our : http://www.aibsnlpwastrdn.webs.com/

CHQ  NEWS DATED 26-11-2014

78.2% CASE... SOME PROGRESS

Com. Chhidu Singh met the DDG (Estt) and the Director today.

DDG gave clear assurance to Chhidu Singh that the Cabinet Note

would be finalized  and put up to Chairman  within two days. 

RETIREMENT ON 30-11-2014

         Best wishes for a long and happy retired life with their family for the following retirees on 30-11-2014.

 1. R.Jeyameenakshi, JTO, Madurai,
 2. A.Kannan, TTA, TMM.,
 3. M.Jayaraman, TM, MA., 4. S.Jeyapaul, TM, DDG., 5. R.Gunasekaran, TM, TMM., 6. P.Chellem, TM, Vedasendur,  7. L.K.Uma, SSS(O), MA  (VRS).