Thursday, August 27, 2015

1)Cabinet Agrees to Give 4 Months Extension to 7th Pay Commission 2)Extension of the term of the 7th Central Pay Commission 3)Special Counters to file I-T Returns; for the next 5 days at Income Tax Office


Cabinet Agrees to Give 4 Months Extension to 7th Pay Commission

“The cabinet has consented to give four more months for the 7th Pay Commission to submit its report.”

Following the request from the 7th Central Pay Commission, the cabinet has given an additional four months’ grace time, according to a government release.

The 7th Pay Commission was constituted on 28.02.2014 by the centre. The 18 months’ time given to the Commission ends today. The Commission has stated that there is excess of pending workload to prepare final report and that they want to intensive consultation with stakeholders. Hence, the cabinet gave a nod to extend the time until December for the Commission to carry out its work.

As a result of this new development, the Commission will submit its report in January 2016.

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Extension of the term of the 7th Central Pay Commission

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for the extension of the term of the 7th Central Pay Commission by four months up to 31.12.2015.

The 7th Central Pay Commission was constituted by the Central Government on 28.2.2014. According to the Resolution dated 28.2.2014, by which the Commission was constituted, it is to make its recommendations within 18 months of the date of its constitution that is by 27th August, 2015.

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Special Counters to file I-T Returns; for the next 5 days at Income Tax Office

“Special counters have been opened at Chennai’s Income Tax Office in order to handle the last minute rush. These counters will function for the next five days starting August 27”.

Special counters to file Income Tax returns already opened in New Delhi being open including Saturdays and Sundays. Now, special counters have been opened at the Income tax office in Chennai Nungambakkam to enable the general public to file their tax returns.

These counters will start functioning from Thursday (August 27), until August 31. Taxpayers within the limits of Chennai can file the tax returns between 9.30 AM to 5.30 PM on all days, including Saturdays and Sundays. Those with taxable incomes of less than Rs.5 lakhs per annum and pensioners can file their returns.

Online method of paying taxes : Those within the limits of Tambaram can file their tax returns at the Tambaram Income Tax Office. Details and information regarding the office at which the returns have to be filed are available on www.incometax.gov.in. Taxpayers must provide details including PAN Card number, bank account number, IFSC Code and their mobile phone numbers.

Those with income over Rs.5 lakhs and those seeing refunds shall necessarily file the returns online for the Financial Years 2014-15 and 2015-16.

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