Tuesday, February 28, 2023
Extension of date for submission of Acceptance letter for terms and conditions of revised MoA by already empaneled hospitals under CGHS and the validity of empanelment till 30th April 2023 or till finalization of new rates whichever in earlier.
Monday, February 27, 2023
Proposal to draw up panels of Group ‘A’ officers for appointment to the post of Secretary/ equivalent and Additional Secretary/ equivalent in the Government of India
To mark International Women’s Day 2023 celebrated under the global theme “Digit all: Innovation and technology for gender equality”,the Universal Postal Union (UPU) invites you to join an online event
To mark International Women’s Day 2023 celebrated under the global theme “Digit all: Innovation and technology for gender equality”,The Universal Postal Union (UPU) invites you to join an online event
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IP EXAM 2023 Question Papers - Exam held on 25/02/2023 & 26/02/2023
Mandatory upload of Withdrawal/ KYC documents to enable Parallel Processing of Exit and Annuity for the benefit of NPS Subscribers.
PFRDA in regulatory collaboration with IRDAI had simplified the process of buying Annuity wherein Annuity Service Providers (ASPs) shall use the NPS withdrawal form submitted at the time of exit by the Subscribers at nodal officers / POPs for issuing Annuity. ASPs are Life Insurance Companies regulated by IRDAI and empanelled with PFRDA to serve NPS Subscribers and secure their old age with regular stream of periodical income. The detailed guidelines and benefits of parallel processing provided vide our circular dt 14th Nov 2022.
2. The common proposal for Exit from NPS and for buying annuity from ASP facilitates parallel processing of Lump sum component and Annuity due to which the time taken by ASPs while issuing Annuity Policies is significantly reduced which result in faster Subscriber servicing and timely Annuity issuance.
3. In the interest of Subscribers and to benefit them with timely payment of annuity income, the upload of the documents shall be mandatory with effect from 1st April 2023. The Subscribers and the associated nodal officers/POPs/ Corporate need to ensure that the following documents uploaded in the respective CRA user interface and the documents thus uploaded are to be legible,
- NPS Exit/ Withdrawal Form
- Proof of Identity and Address as specified in the Withdrawal form
- Bank account Proof
- Copy of PRAN card
The process flow provided at the Annexure for ready reference of stakeholders.
All Nodal offices/ POPs/ Corporate can educate the associated Subscribers about the importance of upload of documents and perform suitable quality checks about the legibility of those documents.
Digitally signed by K
MOHAN GANDHI
Chief General Manager
I. Steps for processing of Exit Request by Subscriber (Govt/Non Govt) – Paperless Mode
A. Initiation of Online Exit request in CRA system by Subscriber:
- Subscriber will initiate online exit request by logging into CRA system.
- At the time of initiation of request, the relevant messages about e-Sign/OTP authentication, authorization of request by Nodal Office/POP etc. displayed to the Subscriber.
- During request initiation, details like address, Bank details, nominee details etc. auto populated from NPS account.
- Subscriber will select fund allocation percentage for lump sum/annuity, annuity details, etc.
- Bank Account of the Subscriber (registered in CRA) will be verified through online Bank Account Verification (Penny drop facility).
- Subscriber needs to mandatorily upload KYC Documents (Identity & Address Proof), copy of PRAN card/ePRAN and Bank Proof at the time of submitting exit request.
- Scanned documents should be appropriate i.e. scanned images should be legible.
- Subscriber authorizes the request by using any one of the two following options to make the process paperless:
a. OTP Authentication – Distinct OTPs will be sent on Mobile Number and email ID of the Subscribers.
b. e-Sign – Subscribers will e-Sign the request using Aadhaar.
B. Authorization of Exit request by Nodal Office/POP:
On successful submission of online request by the Subscriber, the exit request along with scanned documents will be made available in the associated Nodal Office/POP CRA login.
- Nodal Office/POP will verify & authorize the request on the basis of scanned documents and no Physical Withdrawal Form/ Documents is required to be submitted to Nodal Office /POP/CRA.
- Post authorization of request by Nodal Office/POP, the request will get executed in the CRA system.
- Lump sum share will be transferred to Subscriber’s Bank Account within stipulated timeline.
- The copy of withdrawal documents/KYC will be made available to ASPs (as applicable) for the purpose of issuing annuity.
- Physical Withdrawal Form and supporting documents are not required to be submitted by Nodal Office/POP to CRA in case of digital authentication of Exit request (using OTP Authentication/eSign) for storage purpose.
II. Online request without OTP/e Sign for Government Subscribers Only:
- Subscribers need to initiate online Exit request and can opt for physical form submission option.
- Further, the Subscriber needs to mandatorily upload KYC Documents (Identity & Address Proof), copy of PRAN card/ePRAN and Bank Proof at the time of submitting exit request.
- Scanned documents should be appropriate i.e. scanned images should be legible.
- The Subscribers can submit physical Withdrawal form and supporting documents to the associated Nodal Office to authorize and onward submission of these Withdrawal forms to CRA.
III. Steps for processing of Exit Request by Nodal Office/POP – Physical Mode
A. Initiation of Online Exit request in CRA system by the Nodal Office/POP:
- Subscriber will submit physical withdrawal form along with supporting documents to the associate Nodal Office/POP.
- Nodal Office/POP will initiate online exit request with one user-ID by logging into CRA system.
- During request initiation, details like address, Bank details, nominee details etc. will be auto-populated from NPS account of the Subscriber.
- Nodal Office/POP will select fund allocation percentage for lump sum/annuity, annuity details, etc. as opted by the Subscriber.
- Bank Account of the Subscriber (registered in CRA) verified through online Bank Account Verification (Penny drop facility).
- Nodal Office/POP needs to mandatorily upload KYC Documents (Identity & Address Proof), copy of PRAN card/ePRAN and Bank Proof at the time of submitting exit request. Scanned documents should be appropriate i.e. scanned images should belegible.
- After providing the required details and uploading of documents in CRA system, Nodal Office/ POP has to submit the exit request of the Subscriber.
B. Authorization of Exit request by the Nodal Office/POP:
- Nodal Office/POP will login into CRA system with another user-ID.
- Nodal Office/POP will verify the exit request (details captured with one user-ID) of the Subscriber.
- Nodal Office/POP will authorize the exit request with checker user-ID if all the details are in order.
- Post authorization of request by Nodal Office/POP, the request will get executed in the CRA system. Accordingly, lump sum share will be transferred to Subscriber’s Bank Account within stipulated timeline.
- The copy of withdrawal documents/KYC will be made available to ASPs (as applicable) for the purpose of issuing annuity.
- Physical Withdrawal Form and supporting documents are not required to be submitted by Nodal Office/ POP to CRA for storage purpose.
XXX
Saturday, February 25, 2023
Scheme for compassionate appointment - Modification of Relative Merit Points and Procedure for selection.
Friday, February 24, 2023
Fixed Medical Allowance to Rs 3000/ per month to the Pensioners/ Family pensioners who are residing in Non CGHS area -NJCM secretary send letter
SCHEME FOR COMPASSIONATE APPOINTMENT - MODIFICATION OF RELATIVE MERIT POINTS AND PROCEDURE FOR SELECTION
Indian Post Office Act, 1898 (6 of 1898), the Central Government hereby makes the following rules further to amend the Indian Post Office Rules, 1933..........
G.S.R.912(E) - Gazette Notification dated 29.02.2022
Scheme for compassionate appointment - Modification of Relative Merit Points and Procedure for selection.
Online engagement of GDS - Limited facility / access for exxtra two days for correction in onlin e applications
SCHEME FOR COMPASSIONATE APPOINTMENT - MODIFICATION OF RELATIVE MERIT POINTS AND PROCEDURE FOR SELECTION
Wednesday, February 22, 2023
Vacancy announcement: Lecturer (Postal Operations, Finance, Marketing and Human Resource Management)
Calling for application from volunteers for filling up of one post of Senior Instructor (ASP Cadre) and two posts of Instructors on deputation at PTC, Guwahati, Assam
Post Office Time Deposit (TD) - Rate of Interest w.e.f 01.01.2023 and RD Maturity Value Table from 01.01.2023 to 31.03.2023
Post Office Time Deposit (TD) - Rate of Interest w.e.f 01.01.2023
Working committee meeting of Central Government Employees Confederation
on 20/02/2023 my self with Sube Singh (RMS new Delhi) and Jagdish Sharma treasurer attend the working committee meeting of Central Government Employees Confedaration - National Organization of Central Government Employees at Gandhi Peace Foundation New Delhi , In this meeting we discuss about Restore Old Pension Scheme and other demands of central Government employees ,Respected *Dr.M. Raghavaiah Sir, (Leader staff side NJCM,)* Ashok Singh Sir, and General Secretary of NOCGE Shri N S Pillai Sir guided the said meeting.
SG FNPO
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Counting of periods spent on training as qualifying service for pension and gratuity under the Central Civil Services (Pension) Rules, 2021. - DOPT Order
SB Order 02/2023 - Deployment of functionality in Finacle CBS for SSA withdrawal facility and Amendment to procedural rule in POSB (CBS) Manual (Corrected up to 31.12.2021)
SG FNPO LETTER TO SECRETARY P-Restrict setting unrealistic and impracticable target without observing ground realities.
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Saturday, February 18, 2023
Tax Calculator – Old Regime vis-Ã -vis New Regime as proposed by Finance Bill, 2023 from Income Tax India
Changes in the income tax slabs under the new tax regime
Standard deduction introduced for salaried individuals, pensioners under the new tax regime
- Basic exemption limit hiked to Rs 3 lakh from Rs 2.5 lakh under the new tax regime
- Highest surcharge rate reduced to 25% from 37% under the new tax regime
- Rebate under Section 87A increased to taxable income of Rs 7 lakh under the new tax regime from Rs 5 lakh earlier. This would mean that from FY 2023-24, individuals having taxable incomes up to Rs 7 lakh and opting for the new tax regime will effectively pay zero taxes
The new tax regime would be the default option for taxpayers. However, an individual can choose to opt for the old tax regime.
Revised Tax Slabs under New Tax Regime
|
Income tax slabs under new tax regime |
Income tax rates under new tax regime |
|
O to Rs 3 lakh |
0 |
|
Rs 3 lakh to Rs 6 lakh |
5% |
|
Rs 6 lakh to Rs 9 lakh |
10% |
|
Rs 9 lakh to Rs 12 lakh |
15% |
|
Rs 12 lakh to Rs 15 lakh |
20% |
|
Income above Rs 15 lakh |
30% |
*Cess at the rate of 4% will be added to the income tax
amount
*Surcharge will be applicable on taxable incomes above Rs 50 lakh
Do note that these changes will be applicable from April 1, 2023, for FY 2023-24. So, in April, when you submit the investment declarations to your employer for calculation of taxes on salary for FY 2023-24, your employer will assume that you have opted for the new tax regime unless you specify otherwise.
However, while filing income tax returns for FY 2022-23 (ending on March 31, 2023) or AY 2023-24, you will continue to use the existing new income tax regime or old tax regime, depending on what you had chosen.
Here are the income tax slabs for FY 2022-23 that you will need to file income tax return this year.
Income tax slabs under existing new tax regime for FY 2022-23
|
Income tax slabs (In Rs) |
Income tax rate (%) |
|
From 0 to 2,50,000 |
0% |
|
From 2,50,001 to Rs 5,00,000 |
5% |
|
From 5,00,001 to 7,50,000 |
10% |
|
From 7,50,001 to 10,00,000 |
15% |
|
From 10,00,001 to 12,50,000 |
20% |
|
From 12,50,001 to 15,00,000 |
25% |
|
From 15,00,001 |
30% |
Income tax slabs under the old tax regime for FY 2022-23
|
Income tax slabs (In Rs) |
Income tax rate (%) |
|
From 0 to 2,50,000 |
0% |
|
From 2,50,001 to 5,00,000 |
5% |
|
From 5,00,001 to 10,00,000 |
20% |
|
From 10,00,001 |
30% |
Cess will be applicable at 4% on the income tax payable for FY 2022-23. Further, surcharge will be applicable on taxable incomes above Rs 50 lakh. A rebate under Section 87A will be available in both tax regimes for taxable incomes up to Rs 5 lakh for FY 2022-23.
Revised Tax Slabs under New Tax Regime
|
Income tax slabs (In Rs) |
Income tax rate (%) |
|
From 0 to 3,00,000 |
0 |
|
From 3,00,001 to 6,00,000 |
5% |
|
From 6,00,001 to 9,00,000 |
10% |
|
From 9,00,001 to 12,00,000 |
15% |
|
From 12,00,001 to 15,00,000 |
20% |
|
From 15,00,001 |
30% |
Tax Calculator – Old Regime vis-Ã -vis New Regime as proposed
by Finance Bill, 2023 from IncomeTaxIndia
For Individual/ HUF/ AOP/ BOI/ Artificial Juridical Person
(AJP)
as per section 115BAC proposed by Finance Bill, 2023
