All India Central Excise Inspectors' Association
Visakhapatnam

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Amendment of Rules on Imposing Penalty on Government Servants 1/28/2015 12:05:16 AM

MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS
(Department of Personnel and Training)

NOTIFICATION

New Delhi, the 22nd  January, 2015

G.S.R. 6(E).—In exercise of the powers conferred by the proviso to article 309 of the Constitution, the President hereby makes the following rules further to amend the Fundamental Rules, 1922, namely:-

1. (1) These rules may be called the Fundamental (Amendment) Rules, 2014.

(2) They shall be deemed to have come into force on the 27th October, 2013.

2. In the Fundamental Rules, 1922, in rule 29, for clause (2), the following clause shall be substituted, namely:—

“(2) If a Government servant is reduced as a measure of penalty to a lower service, grade or post or to a lower time-scale, the authority ordering the reduction shall specify,—

(a) the period for which the reduction shall be effective;

(b) whether, on restoration, the period of reduction shall operate to postpone future increments and, if so, to what extent; and

(c) whether the Government servant shall regain his original seniority in the higher service, grade or post or time-scale on his restoration to the service, grade or post or time-scale from which he was reduced.”

[F. No. 6/2/2013-Estt. (Pay-I)]
MUKESH CHATURVED

66th Happy Republic Day 1/25/2015 9:29:48 PM
insp wishes you a very Happy Republic Day
INCOME TAX FOR ASSESSMENT YEAR 2015-16 1/25/2015 12:35:08 AM

The rates of income-tax as applicable for Assessment Year 2015-16 for the following category is given below:-

1) in the case of every individual below the Age of Sixty Years

2)  For a resident senior citizen (who is 60 years or more at any time during the previous year but less than 80 years on the last day of the previous year, i.e., born during April 1, 1935 and March 31, 1955)

3)  For a resident super senior citizen (who is 80 years or more at any time during the previous year, i.e., born before April 1, 1935)—

Income Tax Rates For Assessment Year 2015-16

This part is applicable to a Resident Individuals below the age of 60 Years

Net income range Income-tax rates Surcharge Education cess Secondary and higher education cess
Up to Rs. 2,50,000 Nil Nil Nil Nil
Rs. 2,50,000 – Rs. 5,00,000 10% of (total income minus Rs. 2,50,000) [see Note 1] Nil 2% of income-tax 1% of income-tax
Rs. 5,00,000 – Rs. 10,00,000 Rs. 25,000 + 20% of (total income minus Rs. 5,00,000) Nil 2% of income-tax 1% of income-tax
Rs. 10,00,000 – Rs. 1,00,00,000 Rs. 1,25,000 + 30% of (total income minus Rs. 10,00,000) Nil 2% of income-tax 1% of income-tax
AboveRs. 1,00,00,000 Rs. 28,25,000 + 30% of (total income minus Rs. 1,00,00,000) 10% of income-tax [see Note 2] 2% of income-tax and surcharge 1% of income-tax and surcharge

ASSESSMENT YEAR 2015-16
• For a resident senior citizen (who is 60 years or more at any time during the previous year but less than 80 years on the last day of the previous year, i.e., born during April 1, 1935 and March 31, 1955)

Net income range Income-tax rates Surcharge Education cess Secondary and higher education cess
Up to Rs. 3,00,000 Nil Nil Nil Nil
Rs. 3,00,000 – Rs. 5,00,000 10% of (total income minus Rs. 3,00,000) [see Note 1] Nil 2% of income-tax 1% of income-tax
Rs. 5,00,000 – Rs. 10,00,000 Rs. 20,000 + 20% of (total income minus Rs. 5,00,000) Nil 2% of income-tax 1% of income-tax
Rs. 10,00,000 – Rs. 1,00,00,000 Rs. 1,20,000 + 30% of (total income minus Rs. 10,00,000) Nil 2% of income-tax 1% of income-tax
Above Rs.1,00,00,000 Rs. 28,20,000 + 30% of (total income minus Rs.1,00,00,000) 10% of income-tax [see Note 2] 2% of income-tax and surcharge 1% of income-tax and surcharge

ASSESSMENT YEAR 2015-16
• For a resident super senior citizen (who is 80 years or more at any time during the previous year, i.e., born before April 1, 1935)—

Net income range Income-tax rates Surcharge Education cess Secondary and higher education cess
Up to Rs. 5,00,000 Nil Nil Nil Nil
Rs. 5,00,000 – Rs. 10,00,000 20% of (total income minus Rs. 5,00,000) Nil 2% of income-tax 1% of income-tax
Rs. 10,00,000 – Rs. 1,00,00,000 Rs. 1,00,000 + 30% of (total income minus Rs. 10,00,000) Nil 2% of income-tax 1% of income-tax
Above Rs. 1,00,00,000 Rs. 28,00,000 + 30% of (total income minus Rs. 1,00,00,000) 10% of income-tax [see Note 2] 2% of income-tax and surcharge 1% of income-tax and surcharge

Notes :
1. Rebate under section 87A – A resident individual (whose net income does not exceed Rs. 5,00,000) can avail rebate under section 87A. It is deductible from income-tax before calculating education cess. The amount of rebate is 100 per cent of income-tax or Rs. 2,000, whichever is less.
2. Surcharge – Surcharge is 10 per cent of income-tax if net income exceeds Rs. 1 crore. It is subject to marginal relief (in the case of a person having a net income of exceeding Rs. 1 crore, the amount payable as income tax and surcharge shall not exceed the total amount payable as income-tax on total income of Rs. 1 crore by more than the amount of income that exceeds Rs. 1 crore).
3. Education cess – It is 2 per cent of income-tax and surcharge.
4. Secondary and higher education cess – It is 1 per cent of income-tax and surcharge.
• Alternate minimum tax – Tax payable by a non-corporate assessee cannot be less than 18.5 per cent (+SC+EC+SHEC) of “adjusted total income” as per section 115JC

Source: GSERVANTS

 
 
All India Central Excise Inspectors' Association
Visakhapatnam

Email to :inspvizag@gmail.com