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Income Tax Deduction from salaries during 2010-2011

In Circular No.07/2011/Fin dated 20/01/2011, Finance Department has circulated the copy of Circular No.8/2010[F.No.275/192/2009 IT (B)] dated 13/12/2010 of the Central Board of Direct Taxes, Department of Revenue, Ministry of Finance, Government of India for information in respect of Income Tax deduction from salaries under Section 192 of Income Tax Act 1961 during the Financial Year 2010-11 and guidance.
Useful Downloads for Income tax return uploading

NSDL e-TDS/ TCS Return Preparation Utility

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16% increase in DA ordered

In G.O (P) No.37/2011/Fin dated 18/01/2011 Government have ordered 16% increase in Dearness Allowance to State Government Employees, Teachers, Staff of Aided Schools, Private Colleges and Polytechnics, Full Time employees borne on the contingent and work charged establishments and employees of Local Bodies w.e.f. 01.07.2010
The revised rate of D.A. due from 01.07.2010 (additional 16%) will be paid in cash with the salary due for the month of January, 2011 onwards.

The arrear for the period from 01.07.2010 to 31.12.2010 will be drawn and credited to the PF account of the employee along with the salary bill for the month of January, 2011 to July, 2011.
For complete details please download G.O (P) No.37/2011/Fin dated 18/01/2011 from here..
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9th PAY REVISION

In G.O (Ms) No.530/2010/Fin dated 08/10/2010 Government have entrusted the 9th Pay Revision Commission to study and make recommendations on revision of pay and allowances and other benefits of High Court employees confining to the Terms of Reference in G.O (Ms) No.81/2010/Fin dated 20/02/2010.


9th Pay Revision Commission - 2010 REPORT

(For easy downloading the report is made available in five parts in the website)


Important Recommendations by the Commission Report
submitted on 31-12-2010
SALARY
  • Revised rate with effect from 01/07/2009
  • Highest rate for Group D category all over India
  • Lowest Basic Pay:Rs.8,500/- Highest Rs.59,840/-
  • Service weightage @0.5% for each completed years(Maximum 15%)
  • Increment Lowest Rs.230/- Highest Rs.1200/-
  • DA upto 01/07/2009 (64%) to be merged
  • City Compensatory allowance @300 and others like HRA, TA, DA etc 40-50% increase
  • New scale for part time contingent employess
  • 50% in casual sweepers wages
  • 27 Scales in master scale
  • Leave Travel concession for state employees (15 years completed)
  • Risk Insurance for all eligible category of employess
PENSION
  • Minimum pension Rs.4500/-
  • Medical allowance to pensioner increased from 100 to 300
  • Gratuity from 3.3 lakhs to 7 lakhs
  • Additional quantum of pension who completed 80 years (upto 50%)
  • Recommendation for new pension Department

Illustrations for New Basic Calculation

(Case I)
A Class IV Employee having a continuous service of 6 years, drawing a basic
pay of Rs.5250 in the pre-revised scale of pay of Rs.4510-6230.
Basic pay as on 1.07.2009 5250.00
DA @ 64% 3360.00
Fitment @ 10% of Basic Pay(Subject to a minimum of Rs.1000) 1000.00
Service weightage @ ½% of Basic Pay for each completed year of service 158.00
Total 9768.00

Next stage in the corresponding revised scale of pay 8500-12220 Rs.9940.00
(Net benefit as on on 1.7.2009 Rs.1330/-)

(Case II)
An LD Clerk having 12 years of continuous Service drawing a basic a basic
pay of Rs.7480 in the pre-revised scale of Rs.6680-10790. (TBHG Scale)
Basic pay as on 1.7.2009 - 7480.00
DA @ 64% - 4787.00
Fitment @ 10% Basic Pay (Subject to a minimum or Rs.1000/-) - 1000.00
Service weightage @ ½% for each completed year of service - 449.00
Total 13716.00

Next stage in the corresponding revised scale of Rs.11620-18740 13900.00
(Net benefit as on 1.7.2009 Rs.1633/-)


CATEGORY AND NEW SCALE
  • Class Four Officer Gr-II 8500-12220
  • Class Four Officer Gr-I 8730-12550
  • High school HM Higher Grade 21240-34500
  • High school HM 20740-33680
  • HSST Junior 16180-27140
  • HSST Senior 19240-32110
  • HSA 14620-23480
  • LP/UP Head master 18740-31360
  • LPSA/UPSA 11620-18740
  • Driver Gr-II 9190-14620
  • Driver Gr-I 10480-17420
  • Driver Senior Grade 11620-18740
  • Librarian Gr-IV 11620-18740
  • Librarian Gr-I 20740-33680
  • Attender Gr-II 8730-12550
  • Attender Gr-I 8960-13210
  • LD Clerk 9940-15380
  • UD Clerk 13210-20740
  • Head Clerk 14620-23480
  • Jr.Supdt 16180-27140
  • Sr.Supdt 18740-31360
  • Administrative Asst 22360-35320
  • PSC Asst. 13900-22360
  • PSC Asst Sr Grade. 16180-27140
  • Agricultural Officer 20740-33680
  • Secretariat Asst. 13900-22360
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