Subsidised Meals for Loco & Traffic Running staff

Running Room Subsidised Meals for Loco & Traffic Running staff

Rates enhanced from Rs. 18 to Rs.27 per meal. Tea/Coffee and breakfast will also served. Total 3 Meals will be provided in 24 Hrs.

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 RBE No. 35 / 2010

Government of India

Ministry of Railways

(Railway Board)

No.2006/M(L}/467/2                       New Delhi dated :- 24.02.2010
General Managers,

All Indian Railways.

Sub:- Provision of subsidized meal/food to the running staff in the Running Room.

Ref.:- Board's letter of even number datedG7.03.2007.

Consequent to the Budget announcement regarding serving of food at nominal rates to the running staff in the running room, Board vide letter under reference had nominated an ED's Committee and had circulated guidelines for above. Zonal Railways had sought a few clarifications in this regard and had also requested for a review of the rates of subsidy.

Accordingly, the policy was reviewed and Board have now decided to introduce the following changes in the policy:

(i) The no. of subsidized meals to be provided to running staff should be decided at the divisional level with the personal approval of the DRM. However, there should be a ceiling that not more than 3 (three) subsidized meals shall be permitted in a 24 hour period of stay in the running room.

(ii) All types of meals viz. breakfast, lunch and dinner may qualify for the proposed subsidy

(iii) Running staff, if so desired by-them, should be given one packed meal for consumption en route. This meal will be in addition to the ceiling recommended in (i) above.

(iv) Tea/coffee is already forming part of the subsidized meal. Any additional requirement should be made available to the running staff at a rate fixed by the division. This additional beverage would not be subsidized.

(v) Keeping in view the escalation in prices of provisions and food items taken place in the last two years, it has been decided to upwardly revise the subsidy from the existing limit of Rs. 18 to Rs. 27 per meal.

The revised cost of meal would be Rs. 30 of which Rs. 27 would be the subsidy and the balance Rs.3 shall be paid by the running staff.

(vi) There should be a regular system of quarterly inspection of the quality of food being served under the scheme by a committee of three officers constituting Sr.DME. Sr.DEE and Sr:DOM at the divisional level irrespective of the department controlling the running room.

All other conditions pertaining to implementation of this scheme shall remain the same as issued vide Board letter under reference.

This issue with the concurrence of the Finance Dte. of Ministry of Railways.

Hindi version will follow.

(Shubhranshu)

Exe. Dir. Mech.Engg. (Traction)

Railway Board.

Copy to: FA&CAOs, All Indian Railways

Proud to be a NRMU member of the biggest union / Federation ie AIRF / HMS Hind Mazdoor Sabha

Proud to be a NRMU member as we are affilated to biggest federation ie AIRF / HMS (Hind Mazdoor Sabha)

REFUND AY 2008-09 WITHOUT MATCHING TDS-ORDERED

REFUND AY 2008-09 WITHOUT MATCHING TDS-ORDERED

Some Times Inefficiencies of Income Tax Department also pay you,Don't you think so ,Lets read the following Instructions issued by Income Tax department issued to its offices .As per Following Instruction.Department has directed his officers to issue refund for Ay 2008-09 without matching the TDS data uploaded by Deductor through ETDS return and data as per Income tax return filed by the assessee, subject to sum conditions.

1. These instruction are applicable only for returns for assessment year 2008-09 in which total total TDS(tax deducted at source) claimed is up to Rs 400000/- and
2. Further In case of ITR-1 and ITR-2 Means in case of assesses who has no income from business and profession ,refund amount claimed should be up to Rs. 25000/-
3. In case of assessees Other than ITR-1 and ITR-2 ,then claim of Refund should be up to 25000/- and 70% of the entries of TDS must be matched with data uploaded by Deductor(s).

Clearly these instructions has been issued due to clear the back log and inefficiency of the department to get it clear from the deductor.But its a Good News for assessees whose refunds are pending for a period.overall good step.

Processing of returns of A.Y. 2008-09 - Steps to clear the backlog

Instruction No. 1/2010, dated 25-2-2010

The issue of processing of I.T. returns for the A.Y. 2008-09 and giving credit for TDS has recently been considered by the Board and following decisions have been taken, in order to clear the backlog of returns pending for processing:
i) In all the returns filed in ITR-1 and ITR-2 for the A. Y. 2008-09, where the aggregate TDS claim does not exceed Rs four lakh and where the refund computed does not exceed Rs.25,000; the TDS claim of the tax payer concerned should be accepted at the time of processing of return.
ii) In all the returns filed in forms other than ITR-1 and ITR-2 for the A. Y. 2008-09, where the aggregate TDS claim does not exceed Rs four lakh and the refund computed does not exceed Rs.25,000, and there is 70% matching of TDS amount claimed, the TDS claim of the tax payer concerned should be accepted at the time of processing of return.
iii) In all remaining cases, TDS credit shall be given after due verification.
As we all Know that all the returns now annexure less ,and its difficult for department to verify the TDS amount without TDS certificates ,Further information uploaded by deductors is also not up to mark .so the above step is in right direction ,As the assessee has no fault of there own but should not be penalised for the other faults(deductors fault)
Instruction for matching the data has been issued for filing of the return has been reproduced here under
Since no documents are required to be furnished along with the return of income, the credit for Tax Deducted at Source (TDS), Tax Collected at Source (TCS), advance tax and self assessment tax (hereinafter collectively referred to as ‘pre-paid taxes’) shall be allowed on the basis of information relating to pre-paid taxes furnished in the relevant schedules of the return forms subject to matching with the information provided by the deductor, collector and the banks. Therefore, tax payers are advised to ensure that the information relating to pre-paid taxes is complete in all respect and correct. With a view to enabling the matching of information relating to pre-paid taxes furnished by the tax payers, the Income-tax Department has created a system of Unique Transaction Number (UTN) and Challan Identification Number (CIN).Assesses must ensure that the deductor and the collector have provided them with separate UTNs in respect of each TDS and TCS transaction. Similarly, they must also ensure that the UTN for every TDS and TCS claim in the return is correctly filled in. Similarly, they must ensure that they correctly fill in the CIN in respect of payments of advance tax and self-assessment tax. Further, no disallowance of claim for pre-paid taxes shall be made by the Assessing Officer only on the ground that the TDS/TCS certificates and challans have not been furnished along with the return of income or Form ITR-V.

Read more: http://www.simpletaxindia.org/

SAFETY TIPS FOR USE OF ATM CARD USEFUL TIPS(Automated Teller Machines)

SAFETY TIPS FOR USE OF ATM CARD USEFUL TIPS(Automated Teller Machines)

Protecting Your Card

1. Keep your card in a safe place to avoid damage.
2. Memorize your Personal Identification Number (PIN). Never write the PIN down on anything in your wallet or on the card itself.Never tell your PIN to any third person, whether to family member, office staff.
3. When selecting a PIN, avoid numbers and letters that relate to your personal information. For example, don't use your initials, birthday, telephone or vehicle number ,if you have such a number, contact your bank and get a new PIN issued.In most of ATM ,you can change your ATM pin yourself.
4. Immediately report a lost or stolen card to your financial institution.
5. To help guard against fraud, keep your ATM receipts until you check them against your monthly statement.

Safety Tips at the time Of withdrawal

1. Observe your surroundings before using an ATM. If the machine is obstructed from view or poorly lit, visit another ATM..
2. Take a friend with you - especially at night.
3. Have your card out and ready to use.
4. Shield the screen and keyboard so anyone waiting to use the ATM cannot see you enter your PIN or transaction amount.
5. Put your cash, card and receipt away immediately. Count your money later, and always keep your receipt.
6. If you see anyone or anything suspicious, cancel your transaction and leave immediately. If anyone follows you after making a transaction, go to a crowded, well-lit area and call the police.
7. When using an enclosed ATM that requires your card to open the door, avoid letting strangers follow you inside.
8. Check with your financial institution to determine what the daily limit of funds that can be withdrawn from your account is.
9. Use swap ATM machine ,Machine which take ATM card inside are risky and some time they ate your ATM card ,due to input of wrong ATM pin ,withdrawal amount given is more than balance and for other reason .
10. Use Your own Bank machine ,where ever possible .the reason is that if there is a problem in Transaction then problem can be solved by your bank directly but if other banks ATM is used then to solve dispute you have to contact two bank branches.
11. If your card jammed in ATM, report this immediately to the bank.

Read more: http://www.simpletaxindia.org

How retirement benefits computed for salaried segment?

How retirement benefits computed for salaried segment?

Provident Fund (PF), Pension Fund and gratuity are components of retirement benefit schemes. The Employees' Provident Fund and Miscellaneous

Provisions Act provides for compulsory contributory fund for the future of an employee after his retirement or for his dependents in case of his untimely death.
Every factory engaged in any industry specified in Schedule I in which 20 or more persons are employed, every establishment employing 20 or more persons or class of such establishments which the Central Government may notify, any other establishment so notified by the Central Government even if employing less than 20 persons is covered.

Both the employee and the employer contribute to the fund at the rate of 12 percent of the basic wages, dearness allowance and retaining allowance, if any, payable to employees per month. The rate of contribution is 10 percent in the case of some establishments which are mentioned in the Act. The rate of interest is fixed by the Central Government in consultation with the Central Board of Trustees, Employees' Provident Fund every year in March, so it can vary from year to year.

The entire amount of the PF along with the accumulated interest can be withdrawn by an employee on retirement, after attaining the age of 58 years. However, in cases of termination, retirement on account of permanent disablement, on immigration from India for a permanent settlement abroad and in cases of retrenchment, the amount can be withdrawn before the completion of 58 years. A person can also withdraw 90 percent of the amount a year before his retirement.

In case a person is going for a job change, his PF account can be transferred for further continuation. For this, he has to file a transfer application on Form 13 and submit it to the PF office concerned. If a person is switching to an organisation that does not come under this Act, he can receive all the accumulated money which is in his PF account till date. In cases of untimely death of the person, his nominee receives the amount.

The Employees' Provident Fund and Miscellaneous Provisions Act 1952 was amended in1971 and was renamed 'The Employees' Provident Fund and Family Pension Act 1952'. It was felt that in case of premature death of the worker or a permanent disablement, the PF was too less an amount to support him and his family. This led to the introduction of another social security benefit - pension.
After the last amendment in 1995, Employees' Pension Scheme 1995 came into effect from November 16, 1995. The assets and liabilities of the erstwhile PF were transferred and merged with the new pension fund. The benefits and entitlements to the members under the old scheme remains protected and continued under the new Employees' Pension Scheme 1995.

The existing members as on November 16, 1995 of PF who did not opt to join the erstwhile Employees' Family Pension Scheme 1971 and the beneficiaries under the erstwhile Employees' Family Pension Scheme 1971 in case of death or exit between April 1, 1993 and November 15, 1995 have the option to join the new scheme.
In case of gratuity, the employer has to contribute to this fund. The amount of gratuity payable is computed at a rate of 17 days' wages based on the rate of wages last drawn, for every completed year of service. The maximum amount of gratuity payable was Rs 1 lakh earlier. After the 11th amendment to the Act in 1998 the amount payable under the scheme has been raised to Rs 3.5 lakhs. Companies have a choice of opting for a higher benefit of gratuity, that is, a higher total amount to be paid.

Completion of at least five years of continuous service is necessary to receive this amount. However, it does not apply in cases where a person has stopped working due to death or disablement.