Pay revision mechanism for parliamentarians like that of pay commission for government employees

“Pay revision mechanism for parliamentarians like that of pay commission for government employees : The Committee has proposed that an automatic pay revision mechanism for parliamentarians like that of pay commission for government employees.”

Parliament panel wants doubling of pay, automatic pay revision mechanism for MPs

A parliamentary panel has recommended doubling the salary of law makers and also increasing pension of former MPs by almost 75%. The joint committee, which has submitted its recommendations to the government, has also proposed an automatic pay revision mechanism for parliamentarians like that of pay commission for government employees.

Sources said the panel has made a total of around 60 recommendations. “The committee has reasoned that the last revision of MPs salary happened in 2010 and they don’t get any dearness allowance like that of government employees,” said a government source.

At present, sitting MPs get monthly salary of Rs 50,000. The panel has also recommended that the daily allowance of Rs 2,000, which they get for attending the House during Parliament sessions should be increased substantially, sources said.

“The hike is overdue. Our daily expenses only for offering tea to visitors come to around Rs 1,000. Can we stop showing this little courtesy to electorates?” asked a sitting BJP lawmaker.

Read more at Times of India

IT Returns early to avoid the rush closer to the last date of filing – Income Tax Department

IT Returns early to avoid the rush closer to the last date of filing – Income Tax Department

Press Information Bureau 

Government of India

Ministry of Finance

01-July-2015 17:43 IST

Electronic Filing of Income Tax Returns for 2015-16 Commences; ITR 1-Sahaj, 2 and 2A can be Used by Individuals or HUF Whose Income Does not Include Income from Business;

ITR 4S – SUGAM can be Used by an Individual or an HUF Whose Income Includes Business Income Assessable on Presumptive Basis; Taxpayers Requested to E-File Their Returns Early to Avoid the Rush Closer to the Last Date of Filing.

The Income Tax Department has released the software for preparing the Income Tax Return forms 1- SAHAJ, 2, 2A and 4S- SUGAM for AY 2015-16. The e-filing of these return forms has been enabled on the e-filing website-https://incometaxindiaefiling.gov.in.

ITR 1-SAHAJ, 2 and 2A can be used by individual or HUF whose income does not include income from business. ITR 4S – SUGAM can be used by an individual or HUF whose income includes business income assessable on presumptive basis. The elaborate details of the persons who can use these forms are available in the instructions for filling the forms.

The facility for pre-filling of information for these return forms is available in the software for preparing the return forms. When the taxpayer exercises this option and just fills in his PAN, then personal information and information on taxes paid and TDS will be auto-filled in the form. Taxpayers are requested to use the return preparation software available free of cost under the ‘Downloads’ section on the home page of the Income Tax Department’s e-filing website-https://incometaxindiaefiling.gov.in. The use of Departmental software will ensure preparation of error-free returns thereby avoiding any need for future rectification due to data validation mistakes.

Taxpayers are requested to e-file their returns early to avoid the rush closer to the last date of filing.