PAN - Aadhar linking : Deadline extended

 Government extended deadline for PAN Aadhar linking for three more months. 

Earlier the last date was 31st March 2023 for this purpose but now it stand extended upto 30th June 2023.

Ministry of Finance

Last date for linking of PAN-Aadhaar extended

Posted On: 28 MAR 2023 2:48PM by PIB Delhi

In order to provide some more time to the taxpayers, the date for linking PAN and Aadhaar has been extended to 30th June, 2023, whereby persons can intimate their Aadhaar to the prescribed authority for Aadhaar-PAN linking without facing repercussions. Notification to this effect is being issued separately.

Under the provisions of the Income-tax Act, 1961(the ‘Act’) every person who has been allotted a PAN as on 1st July, 2017 and is eligible to obtain Aadhaar Number, is required to intimate his Aadhaar to the prescribed authority on or before 31st March, 2023, on payment of a prescribed fee. Failure to do so shall attract certain repercussions under the Act w.e.f. 1st April, 2023. The date for intimating Aadhaar to the prescribed authority for the purpose of linking PAN and Aadhaar has now been extended to 30th June, 2023.

From 1st July, 2023, the PAN of taxpayers who have failed to intimate their Aadhaar, as required, shall become inoperative and the consequences during the period that PAN remains inoperative will be as follows:

1. no refund shall be made against such PANs;
2. interest shall not be payable on such refund for the period during which PAN remains inoperative;  and
3. TDS and TCS shall be deducted /collected at higher rate, as provided in the Act.

The PAN can be made operative again in 30 days, upon intimation of Aadhaar to the prescribed authority after payment of fee of Rs.1,000.

Those persons who have been exempted from PAN-Aadhaar linking will not be liable to the consequences mentioned above. This category includes those residing in specified States, a non-resident as per the Act, an individual who is not a citizen of India or individuals of the age of eighty years or more at any time during the previous year.

It is stated that more than 51 crore PANs have already been linked with Aadhaar till date. PAN can be linked with Aadhaar by accessing the following link https://eportal.incometax.gov.in/iec/foservices/#/pre-login/bl-link-aadhaar .

****

Cabinet nods 4% D.A. for central employees and pensioners from January 2023

 Union minister Anurag Thakur on Friday announced that the government has increased the dearness allowance or DA for central government employees by 4 per cent to 42 per cent with effect from January 1, 2023.

Government employees and Dearness Relief to Pensioners, due from 01.01.2023

Posted On: 24 MAR 2023 9:12PM by PIB Delhi

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today has given its approval to release an additional instalment of Dearness Allowance to Central Governments employees and Dearness Relief to Pensioners with effect from 01.01.2023.  The additional instalment will represent an increase of 4% over the existing rate of 38% of the Basic Pay/Pension, to compensate against price rise.

  The combine impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs.12,815.60 crore per annum. 

This will benefit about 47.58 lakh Central Governments employees and 69.76 lakh pensioners.

This increase is in accordance with the accepted formular which is based on the recommendations of the 7th Central Pay Commission.

 

*****

DS

(Release ID: 1910513) Visitor Counter : 1115

Central D.A. hike from January 2023 may get cabinet nod today.

As per sources, cabinet likely to consider and approve 4% D.A./D.R. hike for Central Govt employees and pensioners with effect from 01.01.2023.

An announcement in this effect is expected after the cabinet nod.

Govt clears air on payment of 18 months' frozen D.A.

 18 months of DA Arrears were stopped during the Covid-19 pandemic, affecting Central Government Employees and Pensioners.

Despite several media reports suggesting that Govt. is going to release this D.A., the Central Government has no plan to release the 18 months of Dearness Allowance (DA) arrears stopped during the Covid-19 pandemic to Central Government Employees.

“The decision to freeze three instalments of Dearness Allowance(DA)/Dearness Relief (DR) to Central Government employees/pensioners due from 01.01.2020, 01.07.2020 and 01.01.2021 was taken in the context of COVID-19, which caused economic disruption, so as to ease pressure on Government finances. As the adverse financial impact of the pandemic in 2020 and the financing of welfare measures taken by Government had a fiscal spill over beyond FY 2020-21, arrears of DA/DR which mostly pertain to the difficult FY of 2020-21 are not considered feasible,” Pankaj Chaudhary, Union Minister of State for Finance, said in a written reply to a query in the Lok Sabha yesterday.

“Even now the fiscal deficit of the Government is running at more than double the level envisaged in the FRBM Act,” he added.

Chaudhary was responding to a query on “whether the Government has any plan to release the 18 months DA Arrears stopped during Covid-19 Epidemic to Central Government Employees and Pensioners in the near future and if so, the details thereof and the time by when the Government is likely to release the arrears?”

The Minister further said that an amount of Rs 34402.32 crore had been saved and utilized to tide over the economic impact of the COVID-19 pandemic on account of the freezing of three instalments of Dearness Allowance and Dearness Relief payable to Central Government employees and pensioners.

Media reports 8th pay commission for central employees next year, Update on D.A.

 7th Pay Commission Latest Update: At a time when 50 lakh government employees are expecting a 4% DA hike and revision in fitment factor, the latest reports claimed that the government is planning to set up the 8th Pay Commission soon. Though an official statement is still awaited, it is expected that the new commission will see a lot of changes as compared to the old 7CPC.

8TH PAY COMMISSION: WHEN CAN WE EXPECT ITS IMPLEMENTATION

Reports are claiming that the 8th pay commission can be introduced in 2024 and might be implemented two years later, i.e, in 2026. Experts are of the view that the government can give this big bonanza to the employees in the wake of the Lok Sabha Elections, expected to be held by May 2024.

4% DA HIKE ANNOUNCEMENT EXPECTED BY NEXT WEEK

If reports are to be believed, the government is mulling to make an announcement regarding the 4 per cent DA hike by next week as the documentation work is still underway. For the unversed, the government would also revise the fitment factor in March 2023. The hike would be effective from January 1, 2023. The government is also expected to give 18-month DA arrears to the central government employees.

Source : Times Now

DA Deadlock: Several Bengal Govt Employee Unions Announce Strike on Friday, Administration Warns of Action

 Some organisations of West Bengal government employees have announced a strike on Friday, demanding a hike in Dearness Allowance (DA). Several of these workers have been sitting on a dharna for the past 38 days in Kolkata, and some say they are on a hunger strike.

The protesters, mostly from Left-affiliated unions, have been demanding that their DA be raised to the level of what their counterparts in the central government get. The difference between the DA with the Centre is 36 per cent, said some of them.

Speaking to News18, Arjun Sengupta, who is also sitting on a dharna near Shaheed Minar, said, “See they are not giving us our due. They are giving everything for mela and other things but they can’t give our money. The strike will take place and we will go for a bigger movement if our demands are not fulfilled.”

The West Bengal government on Thursday issued a notification warning action against those employees remaining absent from work on the day of protest.

Click here for WB Govt Notification

All set to begin 5 days' week in Banks, implementation likely soon.

Here comes a piece of good news for the bank employees. They will soon get 2 days of weekly offs as the Indian Banks Association (IBA) is said to be considering bank unions’ demand for a five-day work week, according to a report by News 18.

However, the report claimed that the working hours might be increased by 50 minutes each day in 5-day work week.

n this matter, talks are going on between the IBA and United Forum of Bank Employees (UFBEs), and the association has agreed in principle for a 5-day work week.

S Nagarajan, general secretary of All India Bank Officers’ Association, was quoted by Times of India as saying that the government will have to notify all Saturdays as holidays under Section 25 of the Negotiable Instruments Act. The bank employees at present work on alternate Saturdays.

The TOI report suggested that the employees will need to work 40 minutes extra every day from 9.45 AM to 5.30 PM.