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DA/DR rates revised with effect from 01/07/2013

 
Government have issued orders revising the Dearness Allowance/Dearness Relief and issued general  guidelines for the payment.For details view 
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  • The rate of Dearness Allowance payable in respect of State Government Employees, Teachers, Staff of Aided Schools, Private Colleges and Polytechnics, Full time Employees borne on the contingent and work charged establishments and employees of Local Bodies will be enhanced from the existing rate of 53% to 63% w.e.f . 1.7.2013
  • The Dearness Allowance payable in respect of those employees continuing in the per-revised scale of G.O(P) No.145/2006/Fin dated 25.03.2006 will be enhanced from the existing rate of 157% to 174% w.e.f. 1.7.2013.
  • The Dearness Allowance at the enhanced rates will be paid in cash with the salary for the month of January,2014 onwards. The arrears for the period from 1.7.2013 to 31.12.2013 will be drawn and credited to the provident Fund Account of the employees along with the salary bill or any of the months from January 2Ol4 to July 2014. This procedure is applicable to those employees continuing in the per-revised scale even after 2009 Pay Revision and even after 1996 UGC/ AIC'I'E/ Medical Education Scheme. No withdrawal other than final withdrawal of arrears of Dearness Allowance credited to provident Fund Account shall be made before 30.11 .2017 or retirement, whichever is earlier.
  • The enhanced rate of Dearness Allowance will also be applicable to Part-time and Part-time contingent employees on the basis of pay drawn by them.

Pension :-
  • The Dearness Relief payable to State Service Pensioners and Family Pensioners (whose pension/family pension has been revised as per G.O.(p) No.87/2011 fin, dated 28.02.2O11) will be enhanced from the existing rate of 53% to 63% with effect from 1.7.2013
  • The enhanced rate of Dearness Relief due from 1.7.2013 will be paid along with the pension of January 2014 and arrears from July 2013 to December 2013 will be released in four quarterly equal installments along with the Pension for the months of February 2014, May 2014, August 2014 and November 2014.



New Rebate under Sec 87A of IT Act 1961

New Section 87A of the Income Tax Act, 1961
Inserted by Finance Bill, 2013-14

                   In the Budget 2013 Speech, The Finance Minister had said, “Nevertheless, I am inclined to give some relief to the tax payers in the first bracket of Rs. 2 Lakh to Rs. 5 Lakh. Assuming an inflation rate of 10% and a notional rise in the threshold exemption from Rs. 2,00,000/- to Rs. 2,20,000/- I propose to provide a tax credit of Rs. 2,000/- to every person who has a total income upto Rs. 5 Lakh”.
                A tax rebate of Rs 2,000 from tax calculated will be available for people having an annual income upto Rs 5 lakh.   However, this benefit of Rs2,000 tax credit will not be available if you cross the income range of Rs 5 lakh.  Thus we can say that tax payable in 10% slab will be maximum Rs28,000 (taking into account Rs 2000 tax credit), but for people who fall in income range of Rs.5 lakh and above, the tax will be Rs30,000 + 20% tax on income above Rs 5 lakh;

As stated by the Finance minister above, the detailed explanation of the newly inserted section is mentioned below:
  • The above amendment was bought by inserting a new Section 87A in the Income Tax Act, 1961.
  • It is to be noted that, the above amendment does not mean that basic Exemption Limit has been raised from Rs. 2,00,000/- to Rs. 2,20,000/-.
  • It is a Rebate and not a deduction, meaning an assessee will get reduction in the “Income tax payable” by him.
  •  It is available ONLY to an ‘INDIVIDUAL’ assessee, resident in India who’s “Total Income” during the PY does not exceeds Rs. 5 Lakh.
  • However, the above rebate benefit is not applicable to a super senior citizen, since he is already fully exempted up to Rs. 5 lakh.
  • It is applicable for Assessment Year 2014-15 and thereafter. (Financial Year 2013-14)
  • This Rebate not available to a Non resident individual.
  • If the total tax payable is less than Rs. 2000/-, rebate is restricted to “total tax payable”.

Christmas- Early Disbursement of 25% of Pay & Allowances and Pension

                               Government have ordered early release of 25% of Pay and Allowances for December 2013 and Pension/ Family Pension/ Kerala Freedom Fighters Pension for January 2014 in connection with Christmas.

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                               The Advance amount thus drawn will be adjusted from the Salaries/ Allowances and Pension related to the month of December 2013 and January 2014 respectively to be disbursed at the beginning of January 2014

The salaries/ Pensions will be disbursed from the Treasuries as per the schedule given below:

Sl    No.                     Date               Classification of Departments
i)  19-12-2013Educational Institutions and Department of Administration of justice coming under Part A and B of Article 75(b)(i) of KFC Vol.I
ii)  20-12-2013Remaining Departments coming under Part A and B of Article 75(b)(i) of KFC Vol.I
iii)21-12-2013
Department coming under Part C of Article 75(b)(i) of KFC Vol.I
iv)23-12-2013
State Pensioners/ Family Pensioners& KFF Pensions

KASTURIRANGAN REPORT (KERALA) : An Overview in Malayalam

                   Kasthuri Rangan Report was published in malayalam by the Kerala Government.
The opinion of the people of Kerala will be gathered once the Union government’s notification on the Kasturi Rangan report is received by circulating the Malayalam version of the same. An expert committee will also be constituted to give shape to Kerala’s stand on the report.
              Kerala will intimate the centre on its views with regard to the report after discussions with presidents of the 123 villages as remarked in the report and also with representatives of various farmers’ organizations, people’s representatives and finally, after taking into account the views of the expert committee on the matter.
KASTURIRANGAN REPORT (KERALA) : An Overview

PART 1   : Click Here 
PART 2 : Click Here

DHSE and VHSE First Year Improvement Results

Plus one / DHSE 1st Year Improvement Exam Results - September 2013 Published on 2.12.2013 and VHSE First Year Improvement Exam Results - September 2013 Published on 25.11.2013 at 4:30 PM. View or download the results through the links below.

DHSE 1st Year Improvement Exam Results - September 2013

http://results.kerala.nic.in/dhsefyimpsep13/


VHSE First Year Improvement Exam Results - September 2013

Click the link below for any other results