Important message for employees retiring within the next six months

The Department of Pension and Pensioners Welfare is organizing a Pre-retirement counselling workshop on 25th August, 2015 from 2.00 PM to 5.00 PM in the Lecture Room-I, India International Centre (Annexe) 40, Max Muller Marg, New Delhi-110003.

The employees of Government of India retiring within the next six months and who have not attended the workshop yet are hereby informed that they may attend the workshop. Confirmation with Name, Ministry & Phone No. may be sent at the email address mkumar.mol@nic.in.

The persons desirous of attending the workshop are also requested to bring their PAN and Aadhar No. A write-up on the Commendable works done by the retiring employee during his entire service is also required to upload the same on ‘ANUBHAV’ on website persmin.nic.in/pension.asp

sd/-

US (Sankalp)

Department of Pension & Pensioners’ Welfare

Phone No.24641627

Authority: http://pensionersportal.gov.in/

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TDS on Income from Pension and New Pension Scheme in Asstt. Year 2013-14

TDS on Income from Pension:

In the case of pensioners who receive their pension from a nationalized bank, the instructions contained in this circular shall apply in the same manner as they apply to salary-income. The deductions from the amount of pension under section 80C on account of contribution to Life Insurance, Provident Fund, NSC etc., if the pensioner furnishes the relevant details to the banks, may be allowed. Necessary instructions in this regard were issued by the Reserve Bank of India to the State Bank of India and other nationalized Banks vide RBI's Pension Circular(Central Series) No.7/C.D.R./1992 (Ref. CO: DGBA: GA (NBS) No.60/GA.64(11 CVL)-/92), dated the 27th April, 1992, and, these instructions should be followed by all the branches of the Banks, which have been entrusted with the task of payment of pensions. Further all branches of the banks are bound u/s 203 to issue certificate of tax deducted in Form 16 to the pensioners also vide CBDT circular no. 761, dated 13-1-1998.

New Pension Scheme:

The New Pension Scheme(NPS) has become operational since 1st Jan. 2004 and is mandatory for all new recruits to the Central Government Services from 1st January, 2004. Since then it has been opened to employees of State Governments, Private Sector and Self Employed. The income received by the NPS trust is exempt. The NPS trust is exempted from the Dividend Distribution Tax and is also exempted from the Securities Transaction Tax on all purchases and sales of equities and derivatives. The NPS trust will also receive income without tax deduction at source. The above amendments are retrospectively effective from 1-4-2009 (AY 2009-10) onwards.

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Important Information about Family Pension and Income Tax.

I would like to share with you an important information regarding Family pension and Income Tax because near about 25% employee who earned Family pension income between or over taxable Limit and thus they are in confusion whether they pay tax or not. In this matter, look the following explanation:

1. Family pension is not totally exempted. It is taxable under "Income from other Sources" head along with below deduction .
2. Deduction under section 57 (iia) is allowed

• 1/3 of the Family Pension.
• Rs. 15,000.00

1. No TDS Deductions u/s 192 because Family Pension is not a Salary

As per income tax act, detail is given as under:

10[(iia) in the case of income in the nature of family pension, a deduction of a sum equal to thirty-three and one-third per cent of such income or 11[fifteen] thousand rupees, whichever is less.
Explanation.For the purposes of this clause, family pension means a regular monthly amount payable by the employer to a person belonging to the family of an employee in the event of his death ;]

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What Pension papers should be forwarded to Accountant Generals office ?

Friends, The Finance Department issued notification while submitting the pension papers forwarded to Account Generals Office as per Check List. The Maharashtra Government - Finance Department - further states, retirement, superannuation or death claim pensions cases should not submit in prescribed format as mentioned in Maharashtra Service Rules (Pension/Family Pension), 1982 thus the claim of pension will not provide in time to pensioners/Family pensioners and due to this unwanted complications are creats. There for the following Check list mentioned by the Finance Department which is mendatory while submitting the Pension Cases.

Click to Count your Service Length

List of Checks to be exercised while forwarding a pension case to office of the Pr Accountant General (A&E) Maharashtra, Mumbai 400020

Know about Age of Retirement Click Here

1. General
2. Voluntary Retirement Pension Cases
3. Invalid Retirement Cases
4. Pension cases of employees finally absorbed in public Sector Undertakings/Autonomous Bodies
5. Non Government Educational Institutions
6. Family Pension Cases (Death in harness)
7. Pension cases where payment is to be made through defacto guardian
8. Pension to families of Government Servants whose whereabouts are not know
9. Commutation of Pension
10. Service Book
    

What is completion & movement of Service Book ?

When a Non-Gazetted Government servant is transferred, from one office to another, the necessary entry of the nature and reason of the transfer should be made in his service book in the office from which the Government servant is transferred and the service book after being duly verified to date and attested by the Head of the Office, should be forwarded to the Head of the Office to which the Government servant has been transferred. The service book will thereafter be maintained in that office. If he finds any error or omission in the book on receipt, he should return it to the forwarding officer for the purpose of having the error rectified or the omission supplied before the service book is taken over by him. The service book should not be made over to the Non-Gazetted Government Servant who has been transferred.

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What Compassionate Gratuity Rule?

The rules regulating the grant of Compassionate Gratuities to a family of a non-teaching employee left in indigent circumstances through the premature death of the person upon whom they depended for support are embodied in Form (2) in Appendix-III appended to these rules. Each application for grant of Compassionate Gratuity shall be accompanied by the particulars in section A and B of form of Appendix III.

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Do you know Service Rules Click Here
What are the New Pension Schemes ? (Click Here)

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Conditions for grant of Invalid Pension

An Invalid Pension shall be granted to a Non-Teaching Employee, who is permitted to retire from the services of the University or that of an affiliated college before his reaching the age of superannuation, on production of a medical certificate in the form prescribed in rule 129 to the effect that he is by mental or bily infirmity incapacitated for the service of the University or that of the affiliated college or for the particular branch of service to which he belongs.

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Submission of Mecdical Certificate for Invalid Pension

An application for an invalid Pension, from a non-teaching employee who is less than 60 years of age if he is in Class IV service and 58 years of age in other case, should be supported by the requisite medical certificate, but if omission has been made in this respect, the Registrar or the Principal of the affiliated college may accept a certificate bearing a later date.

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Non-Admissiblity of Invalid Pension if incapacity is due to Irregular or intemperate Habits

An Invalid Pension shall not be granted to a non-teaching employee whose incapacity is directly due to irregular or intemperate habits. If incapacity has not been directly caused by such habits but has been accelerated or aggravated by him, the Authority granting the pension shall decide the reduction in the amount of the pension which shall be made on this account.

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Non-Admissibility of Invalid Pension when discharged on grounds other than infimity.

A non-teaching employee discharged from the services of University or that of an affiliated college on grounds other than grounds of infirmity is not eligible for an Invalid Pension, although he may be able to produce medical evidence of incapacity for the services of the University or that of an affiliated college.

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Form Medical Certificate of Unfitness for further service

1. A medical certificate of unfitness for further service producted by a non-teaching employee shall be accompanied, if possible, by a succinct statement of the medical case and of the treatement adopted and, except as provided in sub-rule.

2. shall be in the following form namely-
"Certified that I/We have carefully examined Shri/Smt./Kum. ________________ of the _________________ University/College. His/Her age is by his/her own statement _________ year and by appearance about _________ years. I/We consider Shri/Smt./Kum. ___________________ to be completely and permanently incapacitated for further service of any kind in the University he/she belongs in consequence of _____________. His/Her incapacity appears to me/us to have been -
a) directly caused, or
b) accelerated or aggravated though not directly caused, or
c) neither directly caused, not accelerated or aggravated by irregular or intemperate habits."

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