Complete tax solution

Tuesday, January 21, 2014

Wife has full right to know husband salary

 Wives of the government servants use a 'right' to know salary particulars in their husbands and this review should also be generated public by the offices as required under suo-moto disclosure clause of the RTI Act, this Central Information Percentage has held.

Information Commissioner Mirielle Sridhar Acharyulu mentioned every spouse has a right to info on the salary particulars of the other especially when considering maintenance.

"More thus, wife has a right to know this salary particulars of the husband, who is definitely an employee of people authority, " they said.

The commissioner further said that this details about a new government employee's salary isn't a third party data and these must be voluntarily disclosed under Section 4(1)(b)(x) of the RTI Act.

He said this salary paid for the public authority is sourced from the tax paid by the people in general and it has to be disclosed mandatory within the RTI section.

"The information about the salary of staff or an officer of the same public authority are not considered as a third party information... Public authorities are not able to reject such RTI software about salary within the pretext of the next party information, inch he held.

Acharyulu warned the home Department of Delhi government that such refusal of information is going to be wrongful and could incur penalty. The warning was a student in context of a credit application filed by Jyoti Seherawat in search of salary slip connected with her husband that is employed at the home (General) department.

The information has been denied as her husband gave in written for the department that this information really should not be provided to anyone.

Saturday, January 18, 2014

Labour Ministry is working on minimum 1000 Rs. pension for EPFO subscibers

The  labour ministry will probably soon approach the Cabinet for any minimum pension connected with Rs 1, 000 each month for the subscribers on the Employees Provident Deposit Organisation. The ministry also can notify a hike in the basic wage reduce to Rs 15, 000 each month for a worker to get mandatorily covered from the EPFO.

After Oscar Fernandes took over as the labour minister, many pending issues were wear fast track. The UPA major brass also wished to announce a number of the labour welfare measures ahead of the Lok Sabha political election.

“The proposal intended for minimum pension is going to be put before your Cabinet soon, " the state run familiar with your development told FE. The EPFO will probably soon notify a hike in the basic wage to help Rs 15, 000 to get compulsorily covered underneath the EPFO, " the official said.

At current, employer contributes 8. 33% on the basic wages toward EPS, and the federal government contributes just 1. 16%. The proposal is usually to raise the government’s contribution to 1. 79% and hike the minimum decided basic salary ahead under EPF to help Rs 15, 000 each month from the current Rs 6, 500. Both the moves are likely to help cut your EPS deficit in addition to enable it to present a minimum pension of Rs 1, 000 monthly.

Although the money ministry was next to raising the lowest pension to Rs 1, 000 each month as it would entail extra fiscal burden connected with Rs 1, 100 crore every year, the UPA top brass has accepted the notion.

The finance ministry received told EPFO earlier to uncover its own resources as the extra fiscal load for ensuring a Rs 1, 000-minimum monthly pension can be Rs 1, 100 crore in addition to the R1, 600 crore it paid in 2012-13. Finances provisions will in any case increase to about Rs 1, 400-1, 500 crore simply by 2018-19.


The labour ministry had also remarked that additional burden intended for Rs 1, 000 monthly lowest pension under EPS is quite a bit less than Rs 7, 000 crore yearly additional burden around the exchequer for escalating pension (including senior years pension) under your the National Cultural Assistance Programme.

Tuesday, December 31, 2013

14 Things India needs this new year 2014

India is an atomic power and world largest democracy. There are many things on which we can proud of but there are many things too which make us shame and feels that these should not be in 2014. Taxalertindia tries to mention all the things in India which should stop as well as start in 2014. The list is as follows.

1- Right to recall: - Voters should have the right to recall the sitting MP or MLA who doesn’t do the work or do some illegal work. The tenure of the MP and MLA is 5 years but the voters must have the right to recall him and give him a chance to win again from same constituency. Often people don’t know about the candidate history when the candidate is fighting election first time, so this right is must in the biggest democracy.


2- Capital punishment for rapist: - this is the most needed law in India where rape cases are common.  Rapist should be hanged or may be more horrible law can be applied for.




3- Yamuna: - the pollution level in Yamuna River is as high as it becomes a dead drain according to UN report. If our capital has a clean river, this will definitely increase the beauty and life of the Delhiites and India. We should learn from UK or Spain where Thames and Seine always increase the beauty and the population in these cities is not very low compare to Delhi. It should be taken as our pride.











4- Railway toilet: - biggest concern in India. World biggest open toilet. Railways must look into the matter and at least introduce green toilet in some trains if not all.


5- Nepotism: - how many ministers and CM’s son, wife, daughter, daughter in law and so on relatives are Ministers, MP and MLA. There is a big list and people can’t stop to vote them. How a good person’s son or brother must be good? This should stop in India if not there is no difference between a monarchy and democracy.

6- Manual scavenging: - Manual clean of gutters and pipelines are common in India. This must be stopped and let the machinery do the work they are for it.

7- Police: - Policeman should be like commando. In India we always can see big fat and pot-bellied cops in India. Police has the duty to help the people but this kind of police force is not capable.

8- Roads: - Roads in India are in very bad position. However government is doing something on Road but a lot more is to be done. Why India can’t have the roads like Yamuna Expressway or Ahmedabad-Vadodara all over nation.



9- Bullet train: - a country only can develop with a great infrastructure. India must have bullet train in 2013 which can run around 300 kms/hour. This will bring nation together.

10- Electricity: - how a nation like India can develop with 7-8 hours electricity in a day. Everybody needs electricity and India must use her nuclear plant to produce electricity because the demand of electricity is arising day by day.

11- Broadband: - In this age of internet, India needs fast and furious internet service with a low cost. The rates of 3G service in India are too high and not anybody cup of tea. 

12- Good nutrition food: - there is a big problem of mixing in India. This won’t help India to grow. India should have the system to provide citizen the good and genuine food items. Khali pet to Jang bhi nahi jeeti jaati and we want to win the world.

13- Job-reservation: - India must stop job-reservation on castism. Job reservation should give to physical unfit person as well as to those who lost their family member in some mishappening in India or war.

14- Tax exemption of 5 Lakh- Last but not least, looking to inflation India either rule the Direct Tax Code or any other law, but income tax exemption should be 5 Lakh. 

Thursday, December 26, 2013

New PAN application form 49A and 49AA with annexure A, B, C and 1

The Income tax department notified new PAN application forms form 49A and 49AA in pdf  format. These forms are used for applying new PAN card. These new formats of PAN card replaces old format of form 49A and 49AA. Income tax department issued a notification no. 96 dated 23 December 2013 regarding new format of PAN card and annexure A, B and C  for form 49A and annexure 1 for form 49AA.

Form 49A- Form 49A is PAN application form to be filed by Indian resident.

Form 49AA is for resident outside India.



Download form 49A, 49AA, annexure A, B,C and annexure A from here

Annexure A
 Annexure B
Annexure C

Form 49AA
2nd page
3 page
Annexure 1
Tags-form 49a new,new form 49a pan application,pan application form 49a,new format of form 49a,form 49a,form 49aa

Saturday, June 15, 2013

EXCEL BASED CALCULATOR FOR INTEREST ON SAVING ACCOUNTS

EXCEL BASED CALCULATOR FOR INTEREST ON SAVING ACCOUNTS: "Interest on saving account as you know Indian banks give some interests on the amount deposited in saving accounts. But we normally do not bother about the interest amount or in case where the large amount is deposited in the savings account there is lack of any calculation method to calculate the interest amount because it is very tough to calculate the interest where there are daily entries of debit and credit."


Download calculator
Tags-interest of saving account calculation,interest on sacing account,interest on saving a/c,saving account interest,saving account interest calculator,interest on saving a/c calculator

6th Pay commission calculator for all pay bands

There are so many calculators for 6th pay scale but for different pay scales & there is a feeling of getting one calculator which should be excel based and should be all in one. So there is a 6th pay commision callculator all in one excel based for all Pay Bands under All Old Scales, excepting Apex Scale and Cabinet Secretary. Computation of Arrears and Income Tax as per Approved Recommendations of the 6th Pay Commission.
It will calculate all your pay scale related to salary as well as all the allowances which should be in the 6th pay scale.It's a revised calculator 13th time and a must useful for all.



For the central government employee the salary band of 6th commision is implemented 2 years ago in which all the salry holder will get the benefits of 6th pay commision. But calculating all the benefit such as TD, DA, Pension, ESIC, PF, and all the incentives calculation will be very tough as it creates lot of energy as well as time. So if you want to download the excel based utility
Download calculator
Tags-6th pay commission calculator karnataka,6th pay commission scale cahrt,6th pay scale chart,6th pay scale chart karnataka, 6th pay scale booklet,6th pay scale calculator

Saturday, December 22, 2012

DIMNISHING INTEREST RATE VS. FLAT INTEREST RATE CALCULATOR

There was a huge demand of a calculator showing dimnishing interest rates vs. flat interest rate because people always need to calculate what they are paying the fixed interest rate.
But it's always difficult to calculate fixed interest rate while calculating the E.M.I(EQUAL MONTHLY INSTALMENTS) with dimnishing interest rates.
So i m presenting this calculator which will be very handy to show flat interest rates from dimnishing interest rates.

Any comment will be higly appreciated.




Tags-flat interest to dimnishing interest,how to convert flat interest to dimnishing interest,how to convert flat interest to reducing interest,reducing interest to flat interest claculator,flat interest to dimnishing interest rate calculator,dimnishing interest to flat interest calculator