Friday, May 31, 2013

Ministry of Finance issued cadre restructuring notification for Income Tax Dept.

In consequence to the cadre review approved by the cabinet earlier this month, MOF has come out with much awaited notification today.
It is stated that in the cadre of ACIT, 166 regular pots + 620 reserve posts + 563 vacancies (consequential due to promotion in higher grade) to be filled up in a span of five years.
All other posts which are to be filled up by promotion to be filled at once without waiting for the recruitment rule amendment. Therefore it is time for cheers for the departmental employees as promotion in a very large scale is going to happen soon.
The notification available in irsofficersonline.gov.in but as it is limited to IRS officers right now, the notification is linked below for everyone.
View the notification

Friday, May 24, 2013

Break up of additional posts as per cadre review as cleared by cabinet

After the cabinet approval of Income Tax cadre review, everybody is eager to know about the additional posts to be created, cadrewise. Though there is no official document is available in this regard, different sources have confirmed the cadre wise posts to be created. It is reproduced below for the viewers. It may be mentioned that these figures are yet to be authenticated.

Principal CCIT          26
CCIT                        91
Sr CIT                     184
CIT                            96
Addl CIT                  322
DCIT                          26
ACIT                        166 (+ Reserve : 620)
ITO                          1494
AO                              570
PS                              228
ITI                            3803
Ex Asst (Merged Cadre)    5932 
TA/Steno                     2895
NS/SCD                        267
MTS                           3773
EDP Cadre                    289
Official Language          151
TOTAL                       20,751

Thursday, May 23, 2013

Cabinet approved I.T. cadre review and restructure

Restructuring of the Income Tax Department
The Union Cabinet today approved the proposal for creation of 20,751 additional posts in the Income Tax Department in various cadres that is 1349 additional posts in the IRS cadre and 19,402 additional posts in the non-IRS cadres. This will help the Income Tax Department collect increased revenue and provide better tax payers services. An additional expenditure of Rs. 449.71 crore per annum is likely to be incurred on creation of additional posts and upgradation of some existing posts. This additional expenditure would be more than compensated by the increased revenue of more than Rs. 25,000 crore per annum proposed to be generated as a result of this exercise.
Source : PIB Press Release.

View details of additional posts
(As per information available with us)

Details of additional posts have been confirmed by ITEF. It can be viewed by clicking the link below.
Click here for exact No. of additional posts

Cabinet likely to approve Income Tax cadre review today, 23rd May'13

As per sources, the much awaited Income Tax cadre review is likely to get cabinet approval today. This cadre restructure exercise will create additional 19000 posts in the coming two years. Out of which about 800 will be IRS officers.

Thursday, May 16, 2013

Deductors to download Form 16/16A from website

ATTENTION : TAX DEDUCTORS
All deductors including Govt. deductors should download Form 16 and Form 16A from TRACES website and issue them under proper authentication. Form 16 to be issued annually while Form 16A to be issued quarterly. It is mandatory for all deductors to prepare from 16A for all deduction after 01.04.2011 and Form 16 for all deduction made after 01.04.2012 online.
View the Circular related to Form 16
View the Circular related to Form 16A
NEW Form 16
New Form 16A
How to download Form 16/16A ? Just click here
eTutorial for downloading Form 16
eTutorial for downloading Form 16A

Monday, May 13, 2013

ITO to ACIT promotion order with posting released

The much awaited promotion order from ITO to ACIT for the panel year 2012-13 finally released. The order has also indicated the place of posting of the newly promoted ACITs.
Click here to download the order