As it is well known that the income tax department has allowed Aadhaar card holders to use the biometric id number in lieu of the Permanent Account Number (PAN). But as per new provision of Income Tax, fine of Rs. 10,000 may be levied in case of wrong Aadhar Number. As per the latest amendments in the Finance Bill 2019, not only allowed people to use Aadhaar in lieu of PAN but also introduced a penalty for giving a false Aadhaar number. However, the new penalty rules are applicable only in cases where you are using Aadhaar in lieu of PAN and where quoting PAN is mandatory according to the income tax department rules. It is well known that although Aadhaar is issued by the Unique Identity Authority of India, yet the fine is not imposed by UIDAI but by the income tax department. Under Section 272B of the Income Tax Act, 1961, the department can impose a penalty in case of default in complying with provisions relating to PAN, i.e., failure to obtain, quote, or authenticate PAN. ...
No plan to increase govt employees’ retirement age
New Delhi: Central government employees are in for a
disappointment as the Centre is at present not considering any move to raise
the retirement age to 62 years.
A senior official in the Ministry of Personnel, Public Grievances and Pensions, which acts as nodal department for personnel matters, said there was no such proposal to increase the age for superannuation of government employees.
A senior official in the Ministry of Personnel, Public Grievances and Pensions, which acts as nodal department for personnel matters, said there was no such proposal to increase the age for superannuation of government employees.
"There
is no proposal to increase the retirement age to 62 from 60 years. The Ministry
is not working on any such proposal," the official said.
Recent media reports claimed that the Ministry has written to Prime Minister's Office for raising the retirement age and sought the Union Cabinet's nod for the purpose.
Recent media reports claimed that the Ministry has written to Prime Minister's Office for raising the retirement age and sought the Union Cabinet's nod for the purpose.
There
are about 50 lakh central government employees working in various departments
across the country.
Officials in the Ministry said increasing retirement age requires a detailed consultation with all stake holders and discussion with the Finance Ministry.
Without the Finance Ministry's permission, the matter cannot not be processed, they said.
At a time when government is working on austerity drive by cutting expenditure and putting in efforts to rein in current account deficit (CAD), the move to increase retirement age will also burden the exchequer's kitty, they said.
The CAD, which is the difference between the inflow and outflow of foreign currency, had touched a record high of 6.7 per cent in the October-December quarter of 2012-13 on the back of rising oil and gold imports.
Officials in the Ministry said increasing retirement age requires a detailed consultation with all stake holders and discussion with the Finance Ministry.
Without the Finance Ministry's permission, the matter cannot not be processed, they said.
At a time when government is working on austerity drive by cutting expenditure and putting in efforts to rein in current account deficit (CAD), the move to increase retirement age will also burden the exchequer's kitty, they said.
The CAD, which is the difference between the inflow and outflow of foreign currency, had touched a record high of 6.7 per cent in the October-December quarter of 2012-13 on the back of rising oil and gold imports.
The retirement age for a majority of central
government employees is 60 years. However, the age for retirement in case of
teachers and scientists is 62 years.
The age of superannuation in states like Madhya Pradesh, Chhattisgarh and Assam is also 60 years.
In a related development, the government has decided to further increase the retirement age of specialists in scientific and medical fields (scientists) to 64 years.
"A Committee has been formed under the chairmanship of Cabinet Secretary by Prime Minister Manmohan Singh for the purpose," said another Personnel Ministry official.
PTI
The age of superannuation in states like Madhya Pradesh, Chhattisgarh and Assam is also 60 years.
In a related development, the government has decided to further increase the retirement age of specialists in scientific and medical fields (scientists) to 64 years.
"A Committee has been formed under the chairmanship of Cabinet Secretary by Prime Minister Manmohan Singh for the purpose," said another Personnel Ministry official.
PTI
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