AFVOA Newletters of Year 2008

Page 50 of 56 Matters Social 24. Obituary. The AFVOA regrets the passing away of Smt. Ponnammal, mother of Air Marshal S Raghavan, PVSM, AVSM, VSM on 22 Sep 2008. Members of AFVOA convey their condolences on the bereavement to all the family members. May the departed soul rest in peace. 25. Wedding Anniversary. Members of AFVOA compliment Col & Mrs A Krishnaswami on their 47 th wedding anniversary which falls on 30 Oct 2008. We wish them many more years of marital bliss. I have always been a quarter of an hour before my time, and it has made a man of me. - Horatio Lord Nelson Matters Financial 26. 6 th Pay Commission Matters Members of AFVOA are aware of the immense pressure that is being exerted by various Ex-Servicemen forum for finalizing the pension prospects of the Veterans. A host of e- mails had been initiated to even calculate the approximate pension benefits that are likely to accrue. A lot of hope was generated and varieties of queries were raised by the concerned. AFVOA had however not ventured to speculate on any of the data sheets. We hope the CDA would send our dues in the form of worksheets like they did after the 5 th Pay Commission. In any case, according to the latest information received, we are likely to receive our dues by the month end. Hope we are not disappointed! 27. Clarification – TDS on 6 th Pay Commission arrears. There was a doubt regarding the TDS on arrears of 6th pay commission. It has been clarified as follows:- All government servants who are concerned about taxation on arrears pay / pension based on 6 th Pay Commission recommendations, would be relieved to know that the confusion has been cleared by issue of Circular by CBDT. As per the clarification, the tax at source has to be deducted on the first instalment, viz: 40% of the total arrears only and not on full arrears. PRESS RELEASE No. 402/92/2006-MC (46 of 2008) Government of India/ Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 30th September 2008 1. Clarification regarding tax deduction at source on arrears of salary paid to government servants on account of implementation of the recommendations of Sixth Central Pay Commission .The implementation Cell of the Department of Expenditure, Ministry of Finance vide its Office Order F. No. 1/1/2008-IC dated 30th August, 2008 has stated atPara 2(v) "Bills may be drawn separately in respect of the arrears of pay and allowances for the period from January 1, 2006 to August 31, 2008. The aggregate arrears, computed after deduction of subscription at enhanced rates of GPF and NPS with reference to the revised pay, may be paid in two instalments, the first instalment being restricted to 40% of the aggregate arrears. DDOs/PAOs will ensure that action is