Latest news about enhanced Grade Pay to Inspectors and some other posts.

In the matter of assigning higher Grade Pay to Inspectors etc. the following development has take place  :

a)         orders to cover ADI(OL) have already been issued

b)         the case of A.O and P.S being common category has been delinked

and is being dealt with such categories in other departments and it will

be settled as and when DOPT takes a final decision in the matter.

c)                  In this case of Inspectors, the Deptt. of expenditure has raised certain

queries over the functions of the feeder cadres and the same is being

replied. The Board has strongly supported the case of Inspectors.

In respect of the three awards, the Board has already taken up the matter with the DOPT for holding a formal meeting to finally clinch the issue.

 The minutes of the meeting between CBDT and staff side indicating that mobile phone facilities would be provided to all employees connected with operational work has been issued.

Source : Income Tax Employees Federation.

Upgradation in computerization in Income Tax Dept.

Income Tax dept is in the job of massive upgradation. It has decided to consolidate it’s distributed databases in different locations into a central database. The central database is located at New Delhi. This will make it’s day to day activities simpler. The assesses will also be benefited like migration of PAN from one centre to another will be easier in the new system. The process of consolidation is already on and being carried on a phase by phase manner. More than half of the centres has already been consolidated and the whole exercise is likely to be completed by January next year.

 

They have also taken a significant step in networking. All Income Tax offices in the country is now going to be ON Line. The IT people will assess the returns with it’s Departmental software all over the country. M/s Bharti Airtel has been entrusted with the network expansion. The Dept has switched over from the state owned BSNL to Airtwl for this purpose. They will provide State of Art technology with a back up line in each location for uninterrupted service. Leased lines and VSAT technology for remote locations are being used for this purpose.

 

The Dept software for assessment – AST is also being upgraded to cope with the new envioronment. This exercise is being looked after by TCS. Greater security has been introduced in the system by providing RSA secure token to each user to prevent any unauthorized access to the sensitive data of the database.

 

Te whole system upgradation including supply of hardware is being provided by IBM. They will also manage the troubleshooting of the system in no time to enable the taxmen to focus on their job.

e-payment of Direct Taxes

Remember , this is the time to pay your installment of Advance Tax.

Corporate and those assessee , liable to audit u/s 44AB will have to pay their all kind of Direct Taxes ONLINE.

What is e-payment of taxes?

Similar to booking tickets or making payments online.

􀂄All Direct Taxes e.g. Income Tax, Corporate tax, FBT, BCTT (TDS, Advance tax, self assessment tax) to be paid online using net banking facility.

􀂄Mandatory for all Companies and 44AB cases from 1stApril 2008 to pay taxes through e-payment facility using net banking account.

􀂄Credit/debit card facility is yet to be in operation

 

􀂄Taxpayer can make tax payment from any location without going to Bank branch.

􀂄Amount of tax debited to his bank account electronically and credited to GOI .

􀂄Log in to websiteof Income Tax Department: www.incometaxindia.gov.in

􀂄Choose the button‘pay taxes online’

 

How do I make e-payment?

 

 

How do I make online tax payment sitting at home/office?

 

1. Open a net-banking account with any of the banks listed above.

 

2. Go to website www.incometaxindia.gov.in , click on ‘pay taxes on-line’.

 

3. Fill in the required challan online. Help is available on screen as FAQ, downloads etc.

 

4. Make tax payment through net-banking account online.

 

5. A challan counterfoil will be available instantaneously on the screen with CIN (challan identification number). The Challan Identification Number (CIN) on this counterfoil should be quoted in Return of Income.

 

6. Print the counterfoil and also save it in the computer if required.

 

7. Check if your payment has reached the Income Tax Department at https://tin.tin.nsdl.com/oltas/servlet/QueryTaxpayer .

 

Which Banks offer e-payment facility?

1. Axis Bank

 

2. State Bank of India

 

3. Punjab National Bank

 

4. Indian Overseas Bank

 

5. Canara Bank

 

6. Indian Bank

 

7. Bank of India

 

8. Corporation Bank

 

9. State Bank of Bikaner & Jaipur

 

10. State Bank of Travancore

 

11. State Bank of Indore

 

12. Vijaya Bank

 

13. HDFC Bank

 

 

 

14. Oriental Bank of Commerce

 

15. State Bank of Patiala

 

16. Bank of Baroda

 

17. IDBI Bank

 

18. State Bank of Mysore

 

19. Bank of Maharashtra

 

20. State Bank of Hyderabad

 

21. State Bank of Saurashtra

 

22. Union Bank of India

 

23. Allahabad Bank

 

24. Dena Bank

 

25. Syndicate Bank

 

26. ICICI Bank

 

Note: Credit/Debit card payments are not yet available

Source : Income Tax and NSDL

 

CBDT has issued a new Form of report for claiming deduction u/s 80-IB(11C)

CBDT has issued a new Form of report for claiming deduction under sub-section (11C) of Section 80-IB of the Income-tax Act.

See details about the notification in http://www.incometaxindia.gov.in/archive/Notification22.10.2008_03112008.pdf

Tax Deduction on 40 percent of arrear only.

CBDT has clarified in the Press release issued on 30th September, 2008 that that TDS would be deducted u/s 192 only from the arrears of salary actually paid during FY 2008-09. On the balance, tax would be deducted during the financial year in which these pay arrears are actually paid.

View details at http://www.incometaxindia.gov.in/archive/CBDTPressRelease_30092008.pdf