SB ORDER NO. 17/2011 No.116-01/2007-SBGovernment of IndiaMinistry of Communications & ITDepartment of PostsDak Bhawan, Sansad Marg,New Delhi-110001, Dated: 09.09.2011ToAll Heads of Circles/RegionsAddl. Director General, APS, New Delhi.Subject: - Admissibility of commission to SAS Agents.Sir / Madam,The undersigned is directed to say that there are lot of audit paras raised by teams of DG P&T Audit in many circles regarding irregular commission paid to SAS agents where the investment was made exceeding the limit of Rs.50,000/- by cash at a time. One Draft Audit Para relating to Delhi and NE Circles has become CAG Para.2. As per agency rules, prior to issue of SB Order No.3/2011 dated 11.3.2011, limit for acceptance of cash at a time from SAS agents was Rs.50,000/- which has now been reduced to Rs.10,000/-. In 2004, Regional Director, National Savings Institute, New Delhi vide letter no. Misc/2004 dated 3.11.2001 had intimated the Delhi Circle that agents are not entitled for commission on cash deposits of more than Rs., 50,000/- at a time. CAG Para was also referred to Min. of Finance (DEA) which opined that commission if paid in such cases is irregular and recovery of commission paid cannot be waived.3. It is therefore requested that where any SAS agent deposited cash more than Rs.50,000/- at a time in any post office and commission was paid to him, the commission paid has to be recovered from the concerned agent if his agency is active and action should be taken against the officials responsible for accepting cash deposits exceeding the prescribed limit. Where the agent is inactive but his agency is not lapsed, his appointing authority may be asked to recover the amount from his security deposit. In case the agency of agent is expired and not further renewed or agent has already expired, such cases may be referred to this office.4. In future, it may be ensured that no cash more than the prescribed limit of Rs.10,000/- at a time should be accepted from the SAS agents as no commission is payable on such irregular deposits.5. It is requested that necessary action may be taken immediately to circulate this letter to field units and any violation of these orders by postal staff should be viewed seriously.6. This issues with the approval of DDG(FS).Yours faithfully,(Kawal Jit Singh)Posted by All India Association of IPs/ASPs at 4:35 PM
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Income Tax exemption limit for Children Education Allowance should be revised
National Federation of Indian Railwaymen(NFIR) General Secretary Mr.M.Raghavaiah has expressed his views in a letter on 1st September, 2011 to the Hon’ble Finance Minister regarding the exemption limit for Children Education Allowance under Income Tax Act.He explained that the present exemption limit for Children Education Allowance (CEA) under section 10 (14) of the Income Tax Act is Rs.I00 per month per child. This limit as fixed more than 2 decades back when the maximum amount of Children Education AIlowance for Central Government Employees was fixed at Rs. 100/- per month per child under the IVth Central Pay Commission. Now the current rate of this allowance is Rs.1000 per child.He further stated that the Federation feels that this can never be the intention of the Government as education and developing knowledge of youth is top priority matter for the country. The distortion has taken place due to non—revision of the exemption limit for payment of income tax.Finally, NFIR requests the Hon’ble Finance Minister to kindly consider and grant enhancement of exemption limit as suggested above and make it effective from the financial year 2011—12.Posted by All India Association of IPs/ASPs at 8:18 PM
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Enhancement of Income Tax exemption limit for Transport Allowance
Enhancement of Income Tax exemption limit for Transport Allowance in the case of Central Government Employees.National Federation of Indian Railwaymen(NFIR) General Secretary Mr.M.Raghavaiah requested the Finance Minster to enhance the Income Tax limit for Transport allowance in the case of salaried Central Government employees. He said in his letter that the Transport allowance was introduced for the first time in the year 1997 and the maximum rate of the same was kept at Rs.800 per month. The exemption limit from income tax for this allowance in the case of salaried Central Government employees was also fixed at Rs.800 per month in the same year through a notification by CBDT.He also noted that the exemption limit prescribed in 1997 has been continuing at the same level till date. Over this long period of 14 years, the cost of transport has increased manifold and recognizing this fact the Central Government has itself enhanced the allowance upto Rs.3200 to its employees.He suggested that the exemption limit may be raised to the level of transport allowance admissible to Central Government employees as was done in the year 1997 as a policy.