Tuesday, March 3, 2015

Sukanya Samriddhi Scheme: Income Tax Benefits And Other Features

The Sukanya Samriddhi Scheme has got tax-free status on interest income and withdrawal in the Budget. "Investments in Sukanya Samriddhi Scheme is already eligible for deduction under Section 80C. All payments to the beneficiaries including interest payment on deposit will also be fully exempt," Finance Minister Arun Jaitley said in his Budget Speech.

Sukanya Samriddhi Scheme is a small savings scheme which was launched in January this year and is aimed at encouraging savings for a girl child's education and marriage.

Taxation: A contribution of up to 
Rs. 1.5 lakh qualifies for income tax deduction under Section 80C of Income Tax Act. The clarifications in the Budget now make it clear that the entire maturity amount of the Sukanya Samriddhi Scheme and the interest earned are non-taxable, says Suresh Sadagopan, the founder of Ladder 7 Financial Advisories. In terms of tax treatment, it is on the lines of Public Provident Fund which also qualifies for Section 80C benefits, he says. Mr Ramesh says Sukanya Samriddhi Scheme is a good investment option to save for a girl child's future needs because the maturity amount is tax-free in the hands of the girl child. When the scheme was launched earlier this year, it was not clarified whether the withdrawal as well as interest would be exempted from tax.

Opening of account: The account may be opened by the guardian in the name of a girl child till she attains the age of ten years. Only one account is allowed per girl child. Parents can open this account for a maximum of two children. In case of twins or triplets, this facility will be extended to the third child. Account can be opened in post offices or authorized bank branches.

Age: The maximum age limit of the girl child for opening this account is 10 years. This year, a one-year relaxation has also been given.

Maturity: The account can be closed after the girl child in whose name the account was opened completes the age of 21. If account is not closed after maturity, the balance will continue to earn interest as specified for the scheme from time to time.

Withdrawal: Up to 50 per cent of the accumulated amount can be withdrawn after the account holder turns 18.

Interest rate: The government will every year declare the interest rate of the scheme. For 2014-15, the government would be paying 9.1 per cent interest. In comparison, PPF pays 8.7 per cent for 8.7 per cent interest in 2014-15.

Transferability: The account may be transferred anywhere in India if the girl child shifts to a place other than the city or locality where the account stands.

Deposits: The account may be opened with an initial deposit of 
Rs. 1,000 and thereafter any amount in multiple of Rs. 100 can be deposited. The minimum deposit for a financial year is Rs. 1,000 and maximum Rs. 1.5 lakh. Deposits in an account can be made till completion of fourteen years, from the date of opening of the account.

Penalty: An account where minimum amount has not been deposited in a particular year will attract a fine of 
Rs. 50 per year.

Operation of account: The account will be opened and operated by the guardian of a girl child till the girl child, in whose name the account has been opened, attains the age of 10 years. On attaining age of 10 years, the girl child may herself operate the account.
Source : NDTV

Change of holiday for operative offices in AP Circle

As per CPMG, Andhara Pradesh Circle, Hyderabad memo no. Tech/Holiday/2015 dated 03.03.2015, it was ordered for change of closed holiday from 06.03.2015 (Holi) to 21.03.2015 (Ugadi ) and RH to be observed on 06.03.2015 for operative offices. There is no change of holiday for administrative offices.

Revision of issues pertaining to GDS

Directorate vide Memo No. 17-103/2007-GDS dated 24/2/2015 has constituted a committee headed by Shri DKS Chauhan, CPMG Rajasthan Circle with the following terms of reference:

(a) Examining/Revision of existing provisions for filling up of vacant GDS posts (Other than GDS BPM)

(b) Examination/Review of existing point based system of assessing indigence for compassionate engagement

The Committee has been allowed a time of one month to submit its recommendation.

Transfers and Postings of Junior Administrative Grade (JAG) officers of Indian Postal Service, Group 'A' dated 03.03.2015

To view Directorate Memo No. 2-2/2015-SPG dated 3rd March 2015, please CLICK HERE. 

Holding of DPC for promotion to the cadre of JTS Gr. A for the year 2014-15......updates

The copies of charge sheets / punishment orders issued to following 11 officers during last 10 years are required at Directorate for holding of DPC for the promotion to the cadre of JTS Gr. A for the year 2014-15. The copies of charge sheets / penalty orders are required to produce before UPSC.

S. No.
Name  of the officer
Name of Circle
Copies of charge sheet / punishment order required
1
P.K. Lahare
Chhattisgarh
Investigation case is pending in Bhatapara fraud case. Charge-sheet not issued.
2
Vimal Kishore
Jharkhand
Under Rule-16 of CCS (CCA) Rules-1965 - Penalty of reduction to the lower stage in the scale of pay of Rs. 9300-34800 with GP of Rs. 4800/- by one stage for a period of three months without cumulative effect vide CO Memo No. Vig/Misc-11/11 dated 25.07.2011
3
V.R.Aravindakshan Nair
Kerala
Memo of charges under Rule 14 of CCS (CCA) Rules, 1965 issued vide CPMG Memo No. VIG/17/CR/6/2014 dated 24.06.2014. The officer retired from service on 30.06.2014
4
Hanji Yimchunger
North-East
Officer while working as ASPOs, Kohima Sub-Division and thereafter ASPOs, O/o the DPS, Manipur Division, Imphal was punished with penalty of 'CENSURE' vide DPS Imphal Memo No. F/R-16/H. Yimchunger dated 05/7/2008. The punishment was reviewed by the then PMG, N.E. Region, Shillong and awarded the punishment of stoppage of next increment for a period of one year without cumulative effect vide Memo No. Vig/6/15/08 dated 03.06.2009
5
Pramod Kumar Gupta
Rajasthan
The officer has been placed under suspension w.e.f. 11.04.2012 and still under continuance suspension.Preparation of charge sheet is underway.
6
Bishan Lal Regar
Rajasthan
The officer was punished under Rule 16 of CCS (CCA) Rules, 1965 with holding of one increment of pay due on 01.07.2014 for six months without cumulative effect.
7
A.R. Natarajan
Tamilnadu
1. Awarded Punishment ‘Censure’ vide Memo No. F1/Misc dated 30.03.2004 of SSPOs, Tambaram Division. 2. Increment of pay was withheld for 3 months vide Memo No. E2/OTA/05 dated 30.06.2005 of SSPOs, Tambaram Division. 3. Rule-14 case is pending. Chargesheeted vide Chief PMG, TN Circle vide Memo No. VIG/36-23/14 dated 13.08.2014.
8
Vinod Kumar Singh
Uttar Pradesh
FIR has been lodged against officer.
9
Rameshwar Dayal
Uttar Pradesh
Awarded punishment of Censure vide Memo No. Ek.Samanaya/ Nizampur/ Shri R. Dayal/ Anu./04.-05/Badaun dated 28.04.2004.
10
D.B. Tripathi
Uttar Pradesh
Awarded punishment of Censure vide SSPOs Gorakhpur Memo No. IR/Diary/Ni.Da.Kaudiram/ 07/ Gorakhpur dated 21/25 May, 2007
11
Chhotey Lal
Uttar Pradesh
A disciplinary case under Rule- 14 of CCS (CCA) Rules - 1965 is pending against the officer. Chargesheeted vide CO Lucknow File No. Vig/M-13-02/2013/1A


It is therefore requested to all members and officers working in Circle Offices to ensure the submission of requisite information to Directorate today itself by email and then send hard copies as usual by post. The information is already available in Circle Office. To get the result of DPC at the earliest, there is need of participation of each and every member of association.

Holding of DPC for promotion to the cadre of JTS Gr. A for the year 2014-15

It is learnt that the work of preparation of documentation for holding of DPC for promotion to the cadre of JTS Gr. A for the year 2014-15 is in full swing at Directorate. The following 36 PS Gr. 'B' officers ACRs/APARs are required at Directorate today itself in a special bag. ACRs/APARs of following officers are already available at concerned circle office, as same were recently retuned to them by Directorate.

Circle Secretaries of concerned circles are requested to ensure the submission of requisite ACRs/ACRs of the officers to Directorate today itself so that proposal can be submitted to UPSC for holding of DPC for promotion to the cadre of JTS Gr. A for the year 2014-15


Sl. No.
Name of the officer
Circle
Period
1
A. Sesha Giri Rao
Andhra Pradesh
2008-09 to 2012-13
2
Jagannath Baitha
Bihar
2012-13
3
Girish Chandra Pant
Delhi
11.10.08 to 31.03.09, 2009-10 to 2012-13
4
Ravi
Delhi
2009-10 to 2012-13
5
L.L. AHIRWAR
Delhi
2012-13
6
BABU LAL B
Gujarat
26.09.08 to 31.03.09, 2009-10 to 2012-13
7
R.M. SHAH
Gujarat
01.04.12 to 21.08.12
8
N.J.RATHWA
Gujarat
01.04.10 to 23.09.10, 2012-13
9
Vimal Kishore
Jharkhand
01.04.09 to 05.07.09
10
B.S. Chandrashekhar
Karnataka
2011-12, 2012-13
11
G.S. Hungund
Karnataka
2009-10, 01.04.10 to 23.01.11, 2011-12
12
V.R.Aravindakshan Nair
Kerala
2012-13
13
R.S. RAGHUWANSHI
Madhya Pradesh
30.09.08 to 31.03.09, 2009-10, 2010-11, 2011-12
14
S.K. THAKRE
Madhya Pradesh
01.04.08 to 27.11.08, 2011-12 & 2012-13
15
S.K. DUBEY
Madhya Pradesh
23.11.10 to 31.03.11, 2011-12, 2012-13
16
JIRAMAN DEEP
Odisha
2009-10
17
INDERJEET SINGH
Punjab
01.04.12 to 15.01.13
18
MOHINDER SINGH NEGI
Punjab
01.04.11 to 23.08.11
19
Pramod Kumar Gupta
Rajasthan
2012-13
20
R.L. Patel
Rajasthan
2008-09, 2009-10, 01.04.10 to 10.08.10
21
Prabhu Dayal Raigar
Rajasthan
01.07.09 to 31.03.10, 01.01.11 to 31.03.11
22
Bishan Lal Regar
Rajasthan
01.04.09 to 06.09.09, 2012-13
23
V.M. Sakthivelu
Tamilnadu
2008-09 to 2012-13
24
R. Raju
Tamilnadu
01.10.08 to 31.03.09, 2009-10 to 2012-13
25
R. Ganapathi Swaminathan
Tamilnadu
03.11.08 to 31.03.09
26
M.B. Shahjahan
Tamilnadu
2008-09 to 2011-12
27
T. Baskaran
Tamilnadu
2008-09 to 2012-13
28
A.R. Natarajan
Tamilnadu
2010-11
29
Vinod Kumar Singh
Uttar Pradesh
21.10.09 to 31.03.10, 2010-11 & 2011-12
30
Rameshwar Dayal
Uttar Pradesh
2009-10 to 2011-12
31
Chhotey Lal
Uttar Pradesh
2008-09 to 2010-11
32
R.K.PRASAD
Uttar Pradesh
16.12.09 to 31.03.10, 2010-11, 2011-12
33
RAM NATH RAM
West Bengal
01.04.12 to 11.10.12
34
Rasik Hembram
West Bengal
2008-09, 2009-10, 01.04.10 to 22.09.10, 2011-12, 2012-13
35
Bidhan Chandra Das
West Bengal
2012-13
36
Prasanta Halder
West Bengal
2012-13, 01.01.10 to 31.03.10