Indian Military Veterans

LIST OF SAINIK REST HOUSE IN INDIA

 

Indian Military Veterans

AGNIVEER ARMY  -  RECURUITMENT RALLY NOTIFICATION

 

Indian Military Veterans

ISRO -MAHENDRAGIRI JOB OPPORTUNITY

 

Indian Military Veterans

PROCEDURE OF CHANGE HOME ADDRESS WITHOUT SUBMISSION OF ORIGINAL DISCHARGE BOOK

 

Indian Military Veterans

DOCUMENTS REQUIRED FOR PUBLICATION - EXSERVICEMEN

 

ECHS - INCREASE IN MEDICINE ISSUE IN NON PARENT POLYCLINIC 

SBI RELATED PENSION NEWS - NAVY 

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Indian Military Veterans

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NAVPEN LIFE CERTIFICATE C UPDATE

*Dear Naval Sailor Pensioners,*

1.  A list of *961 naval sailor pensioners/family pensioners* , whose *LIFE CERTIFICATION IS OVERDUE* is attached in pdf.

2. All of them are on *SPARSH* .

3. All those who are mentioned in list are to *COMPLETE LIFE CERTIFICATION IMMEDIATELY,* to ensure there is no disruption in pension.

4. Please share this list with all naval sailor pensioners. 

5. The list is arranged in ascending order of Personal number. Search option can also be used in the pdf.

 Stay safe

TEAM NAVPEN

28 Mar 2023

Kindly click the below link to download the list of LIFE CERTIFICATION IS OVERDUE Sailors. 

List of sailors Life Certificate over due

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About Defence Accounts Department

 Defence Accounts Department (DAD) functions under the administrative control of Ministry of Defence and is headed by Controller General of Defence Accounts.

The mandate given to the Department is broadly audit, financial advice, payment and accounting of all charges pertaining to Armed Forces, including bills for supply and services rendered and for constructions and repair works, pay and allowances, pension etc. of Defence Personnel and Civilians, audit of cash and store accounts of all organizations under Ministry of Defence, viz. Army, Navy, Air Force, Indian Coast Guard, Border Roads Organisation (BRO), Ordnance Factories, Director General of Defence Estates (DGDE), Defence Research and Development Organisation (DRDO) etc, maintenance of manufacturing accounts and store accounts of Ordnance Factories and manufacturing accounts of Naval Dockyard.

In addition to the duties mentioned above, the Integrated Financial Advisers have been appointed with the General Officers Commanding-in-Chief of Commands, Corps Commanders and sundry other echelons of the 3 Services and other organizations, etc.

The DAD has a vast geographical spread with a network of 1110 offices located through the length and breadth of the country to cater to the needs of all elements of the Indian Defence Services i.e Army, Air Force and Navy as also all other organizations under Ministry of Defence viz Defence Ordnance Factories (41), DRDO Laboratories /Projects (50), Coast Guard , DGQA , DGBR, DGNCC, DG Defence Estates, Canteen Stores Department (CSD) etc.

The field offices of the department dealing with the Army has been structured by and large on the pattern of Army Commands/Area HQrs, etc. The location of these Controllers Offices is in close proximity to the Command Headquarters/Area Headquarters in order to enable them to render prompt services to the Units/Formations located in these areas. Under some of the Controllers offices, there are also Area Accounts Offices to render prompt services to various Units/Formations in their vicinity. In addition, there are Local Audit Offices to audit the cash and store accounts of the Units and Formations and one Sr.AO/AO is attached to each Garrison Engineer for Works related tasks. The Pay Accounts Offices (JCOs/ORs) are also under the jurisdiction of the nearest Army Controller which deal with pay and allowances of JCOs/Ors of different Regiments. In all there are 12 Principal Controllers/Controllers looking after the audit, payment and accounting functions of Indian Army and 01 Principal Controller at Pune specifically dealing with the pay and allowances of the Commissioned Officers.

There is a PCDA at New Delhi to deal with the pay and allowances of civilian staff of Service Headquarters and Ministry of Defence contracts and payment for purchases made by Services Headquarters. There is PCDA (Pensions) at Allahabad (Prayagraj) to deal with sanction/revision and disbursement of pension for Army personnel and Defence Civilians. In addition, 14 PCDAs/CDAs are dedicated for Air Force, Navy, Coast Guard, DRDO, CSD, Border Roads, Pension, Pension Disbursement and Provident Fund for Civilian employees. The Ordnance Factory Board has 41 Ordnance Factories under its control and with each Ordnance Factory, an Accounts Office is attached. A total of 09 Controllers of Finance and Accounts are working as Group Controllers with PCA (Fys) at the helm of Accounts and Finance setup in Ordnance Factories. Further, there are 127 PIFA/IFA offices dedicated for rendering financial advice to all the Services and organizations under Ministry of Defence.

As regards training of officers/staff of DAD, a National Academy of Defence Financial Management (NADFM) for Group A officers is located at Pune and 05 Regional Training Centers for staff along with Centre for Training and Development (CENTRAD) Delhi Cantt, Defence Pension Training Institute (DPTI) at Allahabad for pension related training of all stakeholders namely banks, treasury offices, RO/PAO pesonnel etc. and an Officers Training Institute (OTI) at Gurugram for imparting training to Gp ´B´ officers of the department.

As the Principal Accounting Officer for Ministry of Defence, the CGDA furnishes necessary information for the Appropriation Accounts to the Ministry of Defence. CGDA also prepares the Annual Consolidated Accounts of Defence Services Receipts & Charges and acts as the Principal Accounts Officer for Civil Estimates of the Ministry of Defence. DAD is also responsible for rendering the Annual Accounts for the OFB, Military Farms, Canteen Stores Department and Works Expenditure. In addition, the Annual Audit Certificate for the Defence Services, rendered by the CGDA to the C&AG through Ministry of Defence, is tabled in the Parliament. Of late, Audit of offset claims has also been entrusted to the Department, which is being carried out by Pr.CDA (AF), New Delhi.

DAD aims at providing responsive and professional Financial, Audit and Accounting services. This encompasses timely, efficient and correct payment of Pay and allowances, Pension & gratuities to Armed Forces & Defence Civilian and other payments relating to supplies and services. It ensures proper accounting of all such expenditure from the Defence Budget. As the Principal Accounting and Finance entity for the Defence Services, DAD is committed to providing best value for money by being a trusted Financial Services Partner.

ONE OF SENIOR Commissioned OFFICER CONVICTED.. 

See the below News published earlier. 

These type of veterans are received Galentry Awards more than Actual war fighter. (JCOS AND OR). 

This is the "pagoda flower" or "Maha Molu", a unique flower of Tibet.

 We are lucky enough to see the pagoda blossom. Please share & good luck for the rest of your life !  🙏🏻🙏🏻🙏🏻

The above type of post is unavailable in the media. 

All viewers are requested to kindly see the below video and give your valuable Comments please.

INCOME TAX REVISED NEW REGIME FOR FY-2023-24

REVISED NEW INCOME TAX REGIME - WEF 01 APR 2023

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**HOW IT MAY IMPACT OUR TAX SAVING INVESTMENTS**

Revised slabs for Income Tax were announced during the Budget Speech by the Finance Minister on 01 Feb 2023 to make the scheme more popular. The high lights of the same are given in the succeeding paragraphs. It may be an indication of future deductions for Income Tax.

The new regime has been modified to be more beneficial than the old regime for a tax payer with applicable deductions limited to Rs 2.5 lakhs. if that be so why should any one invest in ..........    CONTD 

the tax saving instruments and lock up their money for a longer period. While filing the return one needs to be sure as to which option viz New or the Old Regime, is more beneficial to him/her. For this exact calculations must be done for both the regimes and then only decision be taken.

In order to help our members our team has devised a simple on line calculator right here as under to instantly show the results of likely income tax based on your age, gross income and the authorised deductions under the Old regime. 

There are, however, few deductions which are also allowed under the New Regime but all these apart from the deduction under Sec 57iii for family pensioners (Rs 15000 or 30% of the basic family pension which ever is less)  allowed under both regimes are not applicable to pensioners or the salaried individuals.  

Members may take their decisions on their tax saving investments for the Financial year starting on 01 Apr 2023, based on the results displayed by  the calculator.

Old Regime vis-à-vis New Regime as proposed by Finance Bill, 2023 from Income Tax India

Finance Minister Nirmala Sitharaman has in Budget 2023 announced slew of changes in income tax slabs under the new tax regime. The key changes announced on February 1,2023, are:

Changes in the income tax slabs under the new tax regime

Standard deduction introduced for salaried individuals, pensioners under the new tax regime

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* Basic exemption limit hiked to Rs 3 lakh from Rs 2.5 lakh under the new tax regime

* Highest surcharge rate reduced to 

25% from 37% under the new tax regime

* Rebate under Section 87A increased to taxable income of Rs 7 lakh under the new tax regime from Rs 5 lakh earlier. This would mean that from 

FY 2023-24,individuals having taxable incomes up to Rs 7 lakh and opting for the new tax regime will effectively pay zero taxes. The new tax regime would be the default option for taxpayers. However, an individual can choose to opt for the old tax regime. 

*However under the old tax regime there is no change to Rs 5 Lakhs as the limit for No Income tax (REBATE UNDER SEC 87(A)).       

REVISED TAX SLABS UNDER NEW REGIME AS ANNOUNCED IN THE BUDGET 2023 

 

Do note that these changes will be applicable from April 1, 2023, for FY 2023-24. So, in April 2023, when you submit the investment declarations to your employer for calculation of taxes on salary for FY 2023-24, your employer will assume that you have opted for the new tax regime unless you specify otherwise.

However, while filing income tax returns for FY 2022-23 (ending on March 31, 2023) or AY 2023-24, you will continue to use the existing new income tax regime or old taxr egime, depending on what you had chosen.

 

Here are the income tax slabs for FY 2022-23 that you will need to file income tax return this year.

Income tax slabs under existing new tax regime for FY 2022-23

Income tax slabs under the old tax regime for FY 2022-23

 Cess will be applicable at 4% on the income tax payable for FY 2022-23. Further, surcharge will be applicable on taxable incomes above Rs 50 lakh. A rebate under Section 87A will be available in both tax regimes for taxable incomes up to Rs 5 lakh for FY 2022-23.

DEDUCTIONS PERMITTED OR NOT-PERMITTED UNDER REGINMES.

Allowances which are allowed as exempted under both regimes.

1. Any allowance granted for meeting the cost of travel on tour or transfer;

2. Any allowance, whether, granted

1. granted on tour or for the period of journey in connection with transfer, to meet the ordinary daily charges incurred by an employee on account of absence from his normal place of duty. 

2. Any allowance granted for meeting the expenditure incurred on conveyance in the performance of duties of an office or employment of profit if the free conveyance is not provided by the employer; and

3. Transport allowance granted to an employee, who is blind or deaf and dumb or orthopedically handicapped with a disability of lower extremities, to meet his expenditure for the purpose of commuting between the place of his residence and the place of his duty.

4. Deductions allowed under Secs. 80CCH(2), 80CCD(2), 80JJAA, family pension deduction under section 57(iia)

Following are not allowed to be deducted in new regime:

1. Exemption with respect to travel concession or assistance as covered in section 10(5);

2. HRA exemption as covered in section 10(13A);

3. Any other allowance as covered in section 10(14) or section 10(17);

4. Entertainment allowance and professional tax as covered in section 16(ii) and section 16(iii) respectively

Revised Tax Slabs under New Tax Regime

Income tax slabs (In Rs)

Income Tax Rates (%)

 

For Individual/ HUF/ AOP/ BOI/ Artificial Juridical Person (AJP) 

as per section 115BAC proposed by Finance Bill, 2023

TAX CALCULATOR OF THE ITAX DEPT:- 

 The Income Tax Department has brought out a detailed Tax Calculator for the Financial Year 2023-24, which is also made available for our readers here. 

Please click the following link to open the Departmental Calculator

Take your decision with regard to the Option to be taken by you after you have calculated your tax liability under both the regimes.

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