New Income Tax Return Form SARAL II for Assessment Year 2010-11.

CBDT notifies New Income Tax Return Form SARAL II (ITR 1) for Assessment Year 2010-11 for Individuals having income from Salary/Pension/Income from One House Property (Excluding loss brought forward from previous years) / Income from Other Sources (Excluding winning from Lottery and Income from Race Horses). CBDT also notifies Income Tax Return Verification Form ITR-V for Assessment Year 2010-11 for SARAL II (ITR-1) ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 & ITR-8 transmitted electronically without digital signature.

View the Notification

View The Return Form (SARAL II)

Dept. Exam for ITOs and ITI's in Old and New Pattern : Result published.

Result of the ITO's Exam 2009 has been published. The Exam was conducted in two pattern , Old and new.
In the New Pattern the percentage of qualifying percentage is very low while there are lot of successful candidates in the old pattern.


The result is available in the Dept. website.
For ITO Exam.


View the result in the Old Pattern.


View the result in the New Pattern.

For ITI's Result


Click here for Old Pattern


Click here for New Pattern

Advance Increment for passing Dept. Exam restored.

Following is the letter from Ashok Salunkhe, Secretary General, ITEF regarding the restoration of advance increments for  passing Dept. Examination.

Itef/24/2009

Dated: 12^th March, 2010

Dear Comrade,

As intimated to you, the question of grant of Advance increment for passing the Departmental Examination was taken up with the Chairman, CBDT, when the undersigned met him on 4^th March, 2010. He had assured to resolve this issue within a week’s time. The Board has now issued the order, the copy of which is scanned and placed hereunder, according to which the advance increments would continue to be granted for all those who pass the Departmental Examinations as is indicated in F.No.1-11020/47/2007- Ad-IX dated 09.09.2009. Consequent to the issuance of the said order, the Principal Chief Controller of Accounts, CBDT vide their letter No. PCCA/CBDT/CDN-I/Advance injcrement/2009-10 3518-48 dated 12/03/2010 has directed all Zonal Accounts Officer to act upon the said direction of the Board. The copy of the letter of Principal Chief Controller of Accounts is also placed hereunder.

With greetings,

Yours fraternally,

Sd/

Ashok Salunkhe

View the Order.

Cabinet clears raising gratuity for private employees to Rs. 10 lakh

The Union Cabinet on Thursday decided to raise the ceiling of gratuity payable to employees in the private sector from Rs. 3.5 lakh to Rs. 10 lakh.

The proposal was cleared at the Cabinet meeting presided by Prime Minister Manmohan Singh. With this decision, private sector employees have been brought on a par with the Central government employees who were granted hike by the Sixth Pay commission. The Centre is likely to table a bill amending the gratuity law during the current Budget session of Parliament.

Labour and Employment Minister Mallikarjun Kharge held a number of consultations with stakeholders to arrive at a consensus on the issue. 

Source : The Hindu.

Contribution to CGHS is deductible u/s 80D for the A.Y. 2011-12.

Deduction for Contribution to Central Government Health Scheme The Central Government Health Scheme (CGHS) is a medical facility available to serving the retired government employees. The CGHS facility is similar to the hospitalization and other healthcare facilities covered under insurance policies issued by health insurance companies.


As per the provisions of the Act, an individual can claim deduction for payment of health insurance premium of Rs 15,000 if the insurance is for himself, spouse and dependant children. The individual will get an additional deduction of Rs 15,000 if the contribution is made for his parents. The deduction in case of a senior citizen is Rs 20,000.




The government has now sought to extend the benefit of deduction to contributions made under the CGHS and is welcome change for the retired government employees. This deduction shall be covered within the overall limit of existing deductions under the Act which was not there earlier.
Source: Economic Times