Sunday, August 10, 2014

"" P L L I ""


Dt. 06.08.2014
To
The General Secretary/Working President
NFGIE :HO

Dear Sir,

Recently our Director-General Manager Mr.K Sanath Kumar  released administrative Instructions on Payment of Profit Linked Incentive Scheme for the year 2012-13 along with the list of eligible few  offices under respective Regional Offices.

We all are well aware of the fact that Trade Unions are demanding for Profit Linked Incentives to all the employees in the Industry irrespective of cadre and class.

Basing on Trade Unions demand the  PLLI was distributed to all employees only once earlier somewhere during the period 1991-1994 after the  Wage Revision.  Having agreed by GIC/GIPSA  instead of continuing the same on yearly when ever company showing profits, but management  stopped  the benefit by putting several conditions.

Members are demanding for PLLI to all  basing on the over all performance of the HO not on  selected operating  individual offices.  We are also suggesting that as the name itself "Lump sum Incentive" which is invariably has   to be distributed all the employees equally and an additional top-up-amount can  be given selected offices where fulfill the PLLI criteria.  Amount is not criteria but profit of  over all New India should be given to all the employees which will give moral boost up to all the employees.

Recently our HO management instructed all the Regional Office granted Rs.200/- each employee as a token of small treat on the occassion of 96th foundation dayEvery employee of this industry was happy with this but no body count about the money.

Please take up the issue suitably with HO management as well as GIPSA there is the need to make it an annual feature hereafter in the interest of the welfare of the organization.

टी. ग़ोपाला कृष्णा
T.Gopala Krishna
General Secretary

Friday, August 8, 2014

Income Tax 2014-15 – what are all the changes affecting Salaried Employees ?

 Income Tax 2014-15 (Assessment year 2015-16)

In case of individual (other than II and III below) and HUF
Income LevelIncome Tax Rate
i.Where the total income does not exceed Rs.2,50,000/-.NIL
ii.Where the total income exceeds Rs.2,50,000/- but does not exceed Rs.5,00,000/-.10% of amount by which the total income exceeds Rs. 2,50,000/-***
iii.Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.10,00,000/-.Rs. 25,000/- + 20% of the amount by which the total income exceeds Rs.5,00,000/-.
iv.Where the total income exceeds Rs.10,00,000/-.Rs. 1,25,000/- + 30% of the amount by which the total incomeexceeds Rs.10,00,000/-.

II. In case of an individual resident who is of the age of 60 years or more at any time during the previous year:-
Income LevelIncome Tax Rate
i.Where the total income does not exceed Rs.3,00,000/-.NIL
ii.Where the total income exceeds Rs.3,00,000/- but does not exceed Rs.5,00,000/-10% of the amount by which thetotal income exceeds Rs.3,00,000/-.
iii.Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.10,00,000/-Rs.20,000/- + 20% of the amount by which the total income exceeds Rs.5,00,000/-.
iv.Where the total income exceeds Rs.10,00,000/-Rs.1,20,000/- + 30% of the amount by which the total incomeexceeds Rs.10,00,000/-.

III. In case of an individual resident who is of the age of 80 years or more at any time during the previous year:-
Income LevelIncome Tax Rate
i.Where the total income does not exceed Rs.2,50,000/-.NIL
ii.Where the total income exceeds Rs.2,50,000/- but does not exceed Rs.5,00,000/-Nil
iii.Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.10,00,000/-20% of the amount by which thetotal income exceeds Rs.5,00,000/-
iv.Where the total income exceeds Rs.10,00,000/-Rs.1,00,000/- + 30% of the amount by which the total incomeexceeds Rs.10,00,000/-.

MEETING ON PROMOTIONAL POLICY WITH GIPSA ON 08TH AUG 2014

Dear Friends,

Meeting on promotional exercise over. Current year promotion exercise
be over by 31st October, 2014. Current exercise will be on existing policy.
Demanded full committee discussion in next round. Problem with MBA marks.
Detailed circular follows.


SUJIT BAGCHI
GENERAL SECRETARY
NFGIE, NEW DELHI

8.8.2014