Extension of last date for filing of Income Tax Returns – Extended upto 5th August

Extension of last date for filing of Income Tax Returns – Extended upto 5th August

Last date for filing of Income Tax Returns extended to August 5

The government on Wednesday extended the last date for filing of income tax returns by five days to August 5.

The due date,which was July 31,has been extended in wake of “unprecedented surge” in number of I-T returns being filed electronically.

“As a measure of taxpayers convenience,it has been decided to extend the due date of filing of returns from July 31,2013 to August 5,2013,” the Finance Ministry said.

As per the Central Board of Direct Taxes (CBDT),there has been an unprecedented surge in number of returns being e-filed.

This year till July 30,about 92 lakh returns have been electronically filed,which is 46.8 per cent higher than the returns e-filed during the corresponding period last fiscal.

Source:  http://indianexpress.com

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IRTSA demands to grant of Interim Relief and Merger of DA

IRTSA demands to grant of Interim Relief and Merger of DA

Following the major federations of Central Government employees, now the Indian Railways Technical Supervisors Association also submitted a supplementary memorandum for grant of Interim Relief and Merger of Dearness Allowance.

All eyes on the major demand of DA Merger and Interim Relief…

Supplementary Memorandum submitted by IRTSA to 7th Pay Commission for grant of Interim Relief and Merger of Dearness Allowance 28.07.2014
Full details :

http://www.irtsa.net/pdfdocs/Supplementary_Memo_for_IR_&_Merger_of_DA_to_7CPC.pdf

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Dearness Allowance for Bank Employees – Bank DA to increase 33 slabs from August 2014

Dearness Allowance for Bank Employees – Bank DA to increase 33 slabs from August 2014

Bank D.A. to increase 33 slabs, Pensioners to get 17 slabs more from August 2014

33 SLABS INCREASE IN DA FOR BANK WORKMEN/OFFICERS FOR AUGUST SEPT AND OCT’14 QUARTER

Labour Bureau,Ministry of Labour and Employment,Govt.of India, has released All India Consumer Price Index Numbers for Industrial Workers ,Base 2001=100 for the month of June’14,today which stood at 246 points with an increase of 2 points while compared to May figure.

Thus the confirmed All India average CPI(IW) 1960=100 for the quarter would be 5569.52.As such there will be 33 slabs increase in DA for bank Staff at 102.45 % (as against 97.50% in previous quarter with 4 .95% increase)as per details furnished here under:

Base Year 2001=100 1960=100
APR 242 5523.87
MAY 244 5569.52
JUNE 246 5615.17
Average index 5569.52
Less merged index(9thBPS) 2836
Slabs 683
Increase (683 -old 650) 33 slabs
DA. @0.15% 102.45%

The quantum of increase in DA to Bank Officers,Clerks and Sub Staff for the next quarter –August to October’14 is furnished here under; Kindly note that DA details are given only for information and wait for Official DA circular of IBA which will be released shortly. Source: www.paycommissionupdate.blogspot.in

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Expected DA July 2014 completed with hike of 7 % : AICPIN for the month of June 2014

Expected DA July 2014 completed with hike of 7 % : AICPIN for the month of June 2014

Consumer Price Index for Industrial Workers (CPI-IW) June, 2014

No.5/1/2014-CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

‘CLEREMONT’, SHIMLA-171004
DATED: the 31st July, 2014

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) June, 2014

The All-India CPI-IW for June, 2014 increased by 2 points and pegged at 246 (two hundred and forty six). On 1-month percentage change, it increased by 0.82 per cent between May, 2014 and June, 2014 when compared with the rise of 1.32 per cent between the same two months a year ago.

The largest upward pressure to the change in current index came from Food group contributing 1.37 percentage points to the total change. At item level, Rice, Fish Fresh, Goat Meat, Poultry Chicken, Milk, Onion, Potato, Tomato and other vegetables, Sugar, Cigarette, Electricity Charges, Bus Fare, Barber & Tailoring Charges, Toilet Soap, etc. are responsible for the increase in index.

 

However, this increase was restricted to some extent by Wheat & Wheat Atta, Edible Oils, Fruits, Soft Coke, Medicine (Allopathic), etc., putting downward pressure on the index. The year-on-year intlation measured by monthly CPI-IW stood at 6.49 per cent for June, 2014 as compared to 7.02 per cent for the previous month and 11.06 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 5.88 per cent against 7.66 per cent of the previous month and 14.86 per cent during the corresponding month of the previous year.

At centre level, Goa, Mudurai. Vishakhapathnarn. Bengluru and Kodarma recorded the maximum increase of 6 points each followed by Ahmedabad and Hubli Dharwar (5 points each). Among others, 4 points rise was observed in 8 centres, 3 points in 11 centres, 2 points in 16 centres and 1 point in another 16 centres. On the contrary, a decline of 8 points was reported in Giridih, 2 points each in Yamunanagar  and Sholapur, and 1 point in 5 centres. Indices of remaining 12 centres experienced no change. The indices of 36 centres are above and other 42 centres are below national average.

The next index of CPI-IW for the month of July, 2014 will be released on Friday, 29 August, 2014. The same will also be available, on the office website www.labourbureau.gov. in.

sd/-
(SEGI)
DIRECTOR

Source: http://labourbureau.nic.in/Press_Note_eng_jun2014.pdf

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Amendment in Factories Act to permit women employees in night shift

Amendment in Factories Act to permit women employees in night shift

While answering to a question in Parliament yesterday, Minister Vishnu Deo said that a proposal for amendment in the Factories Act, 1948 is under active consideration of the government.

In a written reply he said, amendment of Section 66 of the Act relating to permission for employment of women for night work for a factory or group or class or description of factories with adequate safeguards for safety and provision of transportation till the doorstep of their residence.

Amendment of Sections 64 and 65 of the Act to enhance the limit of overtime hours from the present limit of 50 hours per quarter to 100 hours per quarter. The amendment also proposes this limit to be increased to a maximum of 125 hours per quarter in public interest with the approval of State Government.

Presently only the State Governments are empowered to make rules under the Factories Act. It is now proposed to empower the Central Government also to make rules under the Act on some of the important provisions.

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