Reinvestment of matured Certificate/Deposits through agents

 Reinvestment of matured Certificate/Deposits through agents

The investors can reinvest Depositors’ matured accounts/certificates through the agents. The agents will be entitled to the commission for such investments. The amount of re- investment shall not exceed the maturity value of the matured account/certificate. The date of reinvestment and the date of maturity should be same.

(1). For re-investment of full maturity value or part thereof either by account holder directly or through SAS agent, the account/certificate holder has to either maintain or open a new Post Office Savings Account in the post office.

(2). Re-investment of maturity value through withdrawal form (SB-7) or POSB Cheque is allowed. However, new investment is allowed only through Cash (up to Rs.20,000/-) or By cheque.

(3). The procedure for reinvestment is given below:

(i) The agent will issue authorized agent receipt of the documents mentioned below from the Authorized Agent Receipt Book (Cheque) with suitable remarks and hand it over to the account holder as prescribed in the SAS Agency rules. Particulars of the matured deposit/certificates which are to be reinvested will be written in place of cheque number on the receipt.

(ii) Where account holder desires to re-invest his/her maturity value through SAS agent in any of (TD/MIS/KVP/NSC) schemes, the account holder shall handover the following documents to SAS agent after obtaining one copy of Authorized Agent Receipt :-

a) Passbook/Certificate (KVP/NSC) matured. b) Account Closure Form (SB-7A)

c) Account Opening Form (AOF) of new scheme with pay-in-slip

d) Withdrawal Form (SB-7) along with passbook or POSB Cheque of PO Savings Account.

Note: - If KYC documents have not submitted by the depositor earlier as prescribed and KYC guidelines issued from time to time, he/she shall also submit required KYC documents.

(iii) In acquittance portion of account closure form (SB-7A) or backside of pre-printed KVP/NSC, account holder shall write ‘Credit maturity value into my Post Office Savings Account No. ………………” and sign.

(iv) In acquittance portion of withdrawal form (SB-7) of Post Office Savings Account or on the backside of POSB cheque, account holder shall write ‘For Re-investment in scheme in lieu of closed A/c No. ………….. for Rs. ………………through the agent……………………………………..(name of agent and C.A. number) and sign.

(v) The counter PA of post office shall check documents received and if all documents are in order, follow the procedure as prescribed in the rules for closure of an existing account and transfer maturity value into the account holder’s Post Office Savings Account.

(vi) Supervisor shall verify the closure of account.

(vii) After closure of account, counter PA shall open new account under account holder/minor CIF and during account opening, funding of amount mentioned in Withdrawal Form (SB-7) or POSB Cheque shall be done by transfer from account holder’s Post Office Savings Account.

(viii) Select agency code of the concerned agent during account opening.

(ix) Supervisor shall verify the new account opening and funding of account.

(x) Counter PA shall handover the passbook of new account opened, cancelled passbook of closed account and authorized agent receipt duly affix date stamp to the SAS Agent.

(xi) SAS agent will handover passbooks of new account, cancelled passbook of closed account to the account holder and take back account holders copy of Authorized Agent Receipt and paste on agent’s copy of Authorized Agent Receipt.

Note: (i) The reinvestment can be made either for the amount equal to or less amount and up to maturity value credited.

Note: (ii) The re-investment can only be made under same CIF and in the name of account holder/one of the joint holders/minor under the guardianship of the account holder i.e. The account holder (s) of the matured account shall be the sole account holder or one of the joint account holders or the guardian of the minor / person of unsound mind as the case may be, of the new account opened under reinvestment.

Source : POSB (CBS) Manual Corrected upto 31.12.2021, Page 270

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A Compilation on Investigation and Vigilance by Shri. G.Senthilkumar, Asst Director, DOP

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A Compilation on Investigation and Vigilance by Shri. G.Senthilkumar, Asst Director, DOP

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Handbook for Retiring Central Government Employees

 Handbook for Retiring Central Government Employees

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Aadhaar - UIDAI Circular dated 03.10.2023

Aadhaar - UIDAI Circular dated 03.10.2023

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Mechanism for Selection and Deployment of System Administrators and System Managers

 Mechanism for Selection and Deployment of System Administrators and System Managers

No.Q-25/14/2023_PE-I-DOP(pt)
Government of India
Ministry of Communications
Department of Posts
(Establishment Division)

Dak Bhawan, New Delhi 110001
Dated: 12.10.2023

Subject: Mechanism for Selection and Deployment of System Administrators and System Managers.

This is in continuation of this office letter of even number dated 29.08.2023 vide which Record of Discussions of the National Workshop of ‘System Administrators (SA) / System Managers (SM) of Postal Circles was circulated.

2. The substantive issues that were discussed in the said workshop inter-alia included formulation of a structured mechanism for selection, training and deployment of System Administrators / System Managers. On the lines of consensus arrived in the workshop, following structured mechanism for selection and deployment of System Administrators and System Managers detailed as under is hereby put into place with immediate effect:

a) Nomenclature:

(i) System Administrator (SA) – Postal Assistants/ Sorting Assistants providing technical assistance in Regional Office (RO) and Circle Office (CO) are classified as System Administrator.

(ii) System Manager (SM) – Postal Assistants / Sorting Assistants providing technical assistance in Divisional Office (DO), Head Post Office. (HO), Sub Post Office (SO), different categories of Mail Office (NSH/PH/CRC etc), PSD and any other category of Departmental Offices are classified as System Managers.

(iii) Mail Overseer (MO)– The cadre of Mail Overseer is being strengthened to provide technical assistance to Branch Offices under their respective beats.

b) Deployment:

(i) Circle Office / Regional Office —Number of Divisions (Postal / RMS) under direct control of CO /RO will determine the. number of SAs to be deployed in. CO/RO. There shall be one SA for every four Divisions under their control. In addition, one SA will be there to look after the technical assistance for the CO/ RO concerned.

(ii) Postal Division/ RMS Division — The number of System Managers (SM) in a division will depend on the number of Computers/Laptop which are functional. There shall-be one SM for every 30 Computers/ Laptop.

(iii) Branch Post Office – Mail Overseers (MOs) will be providing technical assistance to Branch Post Offices under their beat. MOs may seek assistance of SMs in getting the issues resolved by raising it to CEPT/ Vendor concerned in case the issue remains unresolved.

PMG/CPMG shall have the authority to increase/decrease the number of SAs/ SMs to be deployed in CO/RO / Divisions, if there are justified reasons

c) Roles &Responsibility–

(i) System Administrators / System Managers – They will be exclusively responsible for resolving /troubleshooting any technical challenges that may arise whilst delivering resolution/solutions and troubles faced by users in hardware /software / network etc. related technical issues. In addition, they will assist in monitoring and reporting in connection with technical issues including hardware/ software /network related issues.

System Manager shall raise unresolved issue with the System Administrator. System Administrators will contact the CEPT/ Vendor concerned for resolution of technical issues.

System Administrator / System Manager shall also impart technical training to staff at DTC /RTC/WCTC or at H.O. etc. as per the requirement.

(ii) Mail Overseers – Mail Overseers will. be responsible for resolving/troubleshooting any challenges that may arise whilst delivering resolution / solutions and trouble faced by the BPM /ABPM of Branch Post Offices of their respective beat. MOs may seek assistance of SMs in getting the issues resolved by raising it to CEPT/ Vendor concerned in case the issue remains unresolved.

d) Eligibility Criteria — Eligibility criteria for selection of System Administrator (CO/ RO level) or System Manager (Division) are as under:

Essential

• Postal Assistant / Sorting Assistant with minimum of 2 years of regular service and who has completed probation period successfully or Officials in LSG cadre.
• Educational qualification _ Graduate with Science and Maths at Graduation level. Officials with degree or Diploma in Computer Science, Electronics etc shall also be eligible. Educational Qualification may be relaxed for officials who have worked as System Administrators or System Managers for a period of three years.
• Certification in minimum one of the following Departmental courses available on Dak Karmayogi portal and / or i-GOT Karmayogi portal:

(i) BIMA DEeP ~ Parangat
(ii) Finacle Workflow
(iii) Postal Technology – Parangat

• Candidate shall be clear from Vigilance angle :

Desirable – Candidate having completed following courses shall be given preference:

• Comp TIA A + (Entry level certification covering essential IT skills)
• CCNA (for basic networking knowledge)
• ITIL foundation (focused on IT service management practices and processes)
• Certified Information System Manager (CISM) (emphasizes. information risk management and governance).

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Procedure for selection of candidate based on single examination for the posts of MTS / Postman / Mail Guard

 Procedure for selection of candidate based on single examination for the posts of MTS / Postman / Mail Guard

No. 17-08/2018-SPN-I
Government of India
Ministry of Communications
Department of Posts

Dak Bhawan, Sansad Marg,
New Delhi-110001.

Dated the, 18th October, 2023

To
1. All Chief Postmasters General / All Postmasters General
2. Chief General Manager, BD Directorate / Parcel Directorate / PLI Directorate
3. Sr. DDG (PAF)
4. Director, RAKNPA / GM, CEPT / Directors of all PTCs
5. Addl. Director General, Army Postal Service, New Delhi
6. All General Managers (Finance), Directors Postal Accounts/DAP
7. Chief Engineer, Civil / Electrical Wing

Subject: Procedure for selection of candidate based on single examination for the posts of MTS / Postman / Mail Guard — reg.

Madam/Sir,

I am directed to refer to Directorate’s letter No. 17-08/2018-SPN-I dated 15.06.2022 vide which procedure for selection of candidate based on single examination for the posts of MTS / Postman / Mail Guard was circulated. Subsequently, the Recruitment Rules of MTS / Postman / Mail Guard have been modified. Accordingly, the Competent Authority has approved the revised procedure as under:-

A. At the time of seeking application for examination, applicants shall be asked to exercise following ‘option’ and ‘order of preference’ :-

a) Option for Post:- To be considered for which posts — Postman / Mail Guard / MTS. An applicant may give option for one, two or all three posts and candidature for selection will be considered only if a post has been opted for subject to fulfilling the eligibility conditions. For example, an applicant will be considered for Mail Guard only if option is given for Mail Guard, otherwise his candidature will not be considered while preparing merit list for Mail Guard.

b) Preference of Division by applicants (both MTS and GDS) (For Postman / Mail Guard):- MTS / GDS candidates who have applied for the post of Postman / Mail Guard shall give order of preference of Division / Unit for which they intend to be considered. A candidate shall not be considered for a Division / Unit for which preference has not been submitted by him/her.

c) Preference by candidates appearing in competitive examination for the post of MTS:- Candidates applying for the posts of MTS shall submit his / her order of preference for Administrative Offices, DAP (PAOs), Subordinate Office, Civil / Electrical wing etc.. wherever vacancy(ies) exist. In addition, they shall also give order of preference for Division / Unit.

B. Stage-I (List of MTS candidates for vacancies of Postman / Mail Guard):- Publication of list of successful MTS candidates (merit list) for the posts of Postman and Mail Guard, equal to the number of vacancies in each category separately.

C. Stage-II (Refusal / acceptance of offer of appointment for MTS candidates for appointment to the post of Postman / Mail Guard):- Promotion orders will be issued in case of these successful candidates clearly indicating that if the official does not join the promotional post within seven (07) days it will be deemed to have been refused. Controlling officer shall immediately relieve the official to join promotional post. Official on leave may be allowed to join even after seven days if they communicate in writing to accept the promotion and in that case the official will be allowed to join after expiry of approved leave period. [Controlling officers are advised to contact such successful candidates who are on leave for obtaining their consent to join promotional post in writing. Similarly, candidates who do not wish to join promotional posts may be encouraged to communicate the same in writing.]

D. Stage-III (Selection of candidate against refusal):- In the event of any vacancy notified for recruitment remains unfilled only due to non-joining of selected candidate (refusal of promotion), promotion orders will be issued to the next MTS candidate in the Merit list. Process of joining promotional post / refusal of promotion as at Stage-II above will be repeated. This process will be repeated till all the vacancies are exhausted or qualified MTS candidates are not available for promotion.

E. Stage-IV (Unfilled vacancies of Postman / Mail Guard):-After completion of Stage-III if still some vacancies are left unfilled, those will be added to the vacancies earmarked for GDS candidates to arrive at the total vacancies available for GDS candidates and to decide category-wise vacancies.

F. Stage-V (List of GDS Candidates for vacancies of Postman / Mail Guard):– Publication of list of successful GDS candidates (merit list), out of the qualified GDS candidates for the posts of Postman and Mail Guard, equal to the number of vacancies in each category. Process of appointment to the selected post / refusal of offer of appointment, similar to the process at Stage-II to Stage-III above will be repeated till all the vacancies are exhausted or qualified candidates are not available for appointment.

G. Stage-VI (List of GDS Candidates for the post of MTS):- List of successful GDS candidates (merit list) for the posts of MTS, equal to the number of vacancies in each category, shall be published. Process of appointment to the selected post / refusal of offer of appointment, similar to the process at Stage-II and III above will be repeated. This process will be repeated till all the vacancies are exhausted or qualified GDS candidates are not available for appointment.

2. It is requested to bring these instructions to the notice of all concerned.

Yours faithfully,

(Dileep Singh Sengar)
Assistant Director General (SPN)

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Liberalization of provisions for withdrawal/ drawal of advance from the General Provident Fund by the subscribers – Master circular: DoP&PW OM dated 20.10.2023

 Liberalization of provisions for withdrawal/ drawal of advance from the General Provident Fund by the subscribers – Master circular: DoP&PW OM dated 20.10.2023

F.No. 21/05/2023-P&P W(F)
Government of India
Ministry Of Personnel, Public Grievances & Pensions
Department of Pension & Pensioners Welfare

3rd Floor, Lok Nayak Bhavan,
Khan Market, New Delhi,
Dated: 20 -10- 2023

OFFICE MEMORANDUM

Subject: Master circular-Liberalization of provisions for withdrawal/ drawal of advance from the General Provident Fund by the subscribers.

This Department has issued various instructions from time to time regarding General Provident Fund (Central Service) Rules, 1960. It is now decided to consolidate these instructions at one place for better understanding and guidance, as under:

2. Withdrawals from the General Provident Fund by the subscribers

2.1. The provisions in the rules have been reviewed and it has been decided to permit withdrawals from the General Provident Fund by the subscriber for the following purposes:

i.Education- This will include primary, secondary and higher education, covering all streams and institutions,

ii. Obligatory Expenses viz. betrothal, marriage, funerals, or other ceremonies of self or family members and dependants,

iii. Illness of self, family members or dependants,

iv. Purchase of consumer durables.

2.2. Withdrawal of upto twelve months pay or three-fourth of the amount standing at credit, whichever is less, is permitted. However, for illness, the withdrawal may be allowed upto 90% of the amount standing at credit of the subscriber. A subscriber may seek withdrawal after completion of ten years of service.

2.3 (i) Housing including building or acquiring a suitable house or a ready built flat for his residence,
(ii) Repayment of outstanding housing loan,
(iii) Purchase of house site for building a house,
(iv) Constructing a house on a site acquired,
(v) Reconstructing or making additions on a house already acquired, .
(vi) Renovating, additions or alterations of ancestral house.

A subscriber may be allowed to withdraw upto ninety percent of the amount standing at credit for the above purposes. It is also decided do away with the present instructions which lay down that subsequent to the sale of house for which GPF withdrawal has been availed, the amount withdrawn has to be deposited back. GPF withdrawal for housing purpose will no longer be linked with the limits prescribed under HBA rules. A subscriber may be permitted to avail the facility at any time during his service.

2.4 (i) Purchase of motor car/motor cycle/ scooter etc. or repayment of loan already taken for the purpose,

(ii) Extensive repairs/overhauling of motor car.
(iii) Making deposit to book a motor car/motor cycle/scooter, moped etc.

A subscriber may be permitted to withdraw three-fourth of the amount standing at credit or cost of the vehicle, whichever is less for the above purposes. Withdrawal for the above purpose will be permitted after completion of 10 years of service.

2.5 Withdrawal of upto 90% of balance without assigning reasons 1s allowed for Government servants who are due for retirement on superannuation upto two years before superannuation.

2.6 In all cases of withdrawal from the fund by the subscriber, the declared Head of Department is competent to sanction withdrawal. No documentary proof will be required to be furnished by the subscriber. A simple declaration form by the subscriber explaining the reasons for withdrawal would be sufficient.

2.7 As per the GPF(CS) Rules, 1960, no time limit has been prescribed for sanction and payment of withdrawal amount. Therefore, it has been decided to prescribe a maximum time limit of fifteen days for sanction and payment of withdrawal from the Fund. In case of emergencies like illness etc., the time limit maybe restricted to seven days.

DoPPW OM No. 3/2/2017-P&PW(F)(ii) dated 07-03-2017

3. Drawal of Advance from the General Provident Funds by the subscribers

3.1. The provisions in the rules have now been reviewed and it has been decided to permit the subscriber to prefer an advance from General Provident Fund (Central Service) Rules, 1960 for the following purposes:

(i) Illness of self, family members or dependents,

(ii) Education of family members or dependent of the subscriber. Education will include primary, secondary and higher education, covering all streams and educational institutions,

(iii) Obligatory Expenses viz. betrothal, marriage, funerals, or other ceremonies,

(iv) Cost of Legal proceedings,

(v) Cost of defence,

(vi) Purchase of consumer durables,

(vii) Pilgrimage and visiting places of eminence. This will include any travel and tourism related activities.

3.2 It has been decided to enhance the limit of advance upto 12 months of pay or three-fourth of the amount at credit, whichever is less. Amount of advance will be recoverable in a maximum of 60 installments. The advance may be sanctioned by the declared Head of Office.

3.3 The declared Head of Department is competent to sanction an advance from the fund for reasons not covered above.
3.4 Maximum time limit of fifteen days is being prescribed for sanction and payment of an advance from the Fund. In case of emergencies like illness etc., the time limit maybe restricted to seven days.

3.5 In all the above cases of advance, no documentary proof is required to be furnished by the subscriber. A simple declaration by the subscriber explaining the reasons for advance would be sufficient.

DoPPW OM No. 3/2/2017-P&PW(F)(i) dated 07-03-2017

4. All Ministries/Departments are requested to bring the instructions/guidelines to the notice of all concerned.

(Subhash Chander)
Under Secretary to the Government of India

Copy to: All Ministries/Department of the Govt. of India.

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Model Time limit for Departmental Inquiries

 Model Time limit for Departmental Inquiries

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 Unification of PA (CO) with PA (PO) : Directorate Lr. dtd 27.10.2023

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Held in abeyance - Unification of PA (CO/RO) with PA(PO) dated 27.10.2023

 Held in abeyance - Unification of PA (CO/RO) with PA(PO) dated 27.10.2023

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Downgradation of 89 posts of Stenographer Grade-I to Stenographer Grade-II in various Postal Circles

 Downgradation of 89 posts of Stenographer Grade-I to Stenographer Grade-II in various Postal Circles

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Benefits for Senior Citizens and Super Senior Citizens under Income-tax Act,1961

 Benefits for Senior Citizens and Super Senior Citizens under Income-tax Act,1961

Higher Basic Exemption

Higher Deduction for Medical Insurance Premium

Higher Deduction for Interest from Banks and Post Offices

Exemption from filing an ITR and many more… 

Income Tax Department
Central Board of Direct Taxes

BENEFITS UNDER DIRECT TAXES FOR SENIOR CITIZENS AND SUPER SENIOR CITIZENS

⇒ Who is a Senior Citizen and a Super Senior Citizen?

At any time during the relevant financial year:

• Individual resident who is of the age of 60 years or above but less than 80 years is a Senior Citizen.
• An individual resident who is of the age of 80 years or above is a Super Senior Citizen.

Note: Senior Citizen as well as Super Senior Citizen enjoys all the tax benefits available to non-senior citizens along with some special benefits.

⇒ Higher Basic Exemption for Senior and Super Senior Citizens

• For Senior Citizens the basic exemption limit is fixed at a figure of Rs. 3 lakh.
• For Super Senior Citizens, the basic exemption limit is fixed at Rs. 5 lakh.

Note: For other individual taxpayers, the basic exemption limit up to which she/he is not required to pay any tax is Rs. 2.5 lakh (For A.Y. 2023-24).

⇒ Exemption from payment of Advance Tax

• A resident Senior/Super Senior citizen need not pay any advance tax, provided he does not have any income under the head “Profits and Gains of Business or Profession “.

Note: Every person whose estimated tax liability for the year is Rs. 10,000/- or more, is liable to pay advance tax.

⇒ Benefits of Standard Deduction

• Senior Citizen and Super Senior Citizen who are in receipt of pension income from his former employer can claim a deduction up to Rs. 50,000/- against such income.

Note: If pension is less than Rs. 50,000/-, the deduction will be limited to the amount of pension received.

⇒ Higher Deduction for Medical Insurance Premium/ Medical Expenditure (Section 80D)

• The maximum limit for deduction u/s 80D in respect of payment made for health insurance premium in respect of a Senior/Super Senior citizen has been allowed at Rs. 50,000/-.
• A deduction is allowed up to Rs. 50,000/- for medical expenses incurred on the health of a Senior/Super Senior citizen provided no amount is paid for health insurance of such person.

Note:

• For claiming this deduction, it is mandatory that the health insurance premium/ medical expenses are paid by any mode other than cash and both of these deductions cannot be claimed simultaneously.
• For other individuals, the maximum limit of deduction u/s 80D is Rs. 25,000/-.

⇒ Deduction in respect of maintenance and medical treatment of a dependent with a disability (Section 80DD).

(i) A deduction u/s 80DD is allowed to a Resident Individual or HUF for medical expenditure or deposit in notified scheme for maintenance and medical treatment of a dependent with disability from Rs. 75,000/- to Rs. 1,25,000/- depending upon severity of disability. Deductions under this section shall also be allowed during the lifetime, i.e., upon attaining age of sixty years or more of the individual or the member of the HUF in whose name subscription to the scheme has been made and where payment or deposit has been discontinued.

(ii) Any annuity or lump sum amount received by the disabled dependent before his death shall not be taxable in the hands of the individual or member of the HUF w.e.f. AY 2023-24 and onward, if the said individual or the member of the HUF in whose name subscription to the scheme has been made attained the age of sixty years or more.

⇒  Higher Deduction in respect of expenses incurred for Medical Treatment of a Specified Disease or Ailment (Section 80DDB)

• For expenses incurred by the taxpayer in respect of a dependent Senior/Super Senior citizen for treatment of specified disease or ailments, a deduction of Rs. 1 lakh in a year is allowed.

Note: For other taxpayers, the amount of deduction available in respect of expenses incurred for medical treatment of specified disease or ailments of self or dependent relatives u/s 80DDB is Rs. 40,000/-

⇒ Higher Deduction for Interest Income from Bank and Post Office

• A Senior/Super Senior citizen can claim a deduction upto Rs. 50,000/- u/s 80TTB in respect of interest income earned on savings bank accounts, bank deposits, or any deposit with the post office or co-operative banks.
  In case such interest income earned by him during the year is less than Rs. 50,000/-, the payer bank/post office will not deduct any tax from such interest income.

Note: Individual taxpayers other than senior citizens are allowed maximum deduction of Rs. 10,000/- u/s 80TTA in respect of interest income from savings bank accounts.

⇒ Eligibility to file manual Income Tax Return

• A super senior citizen aged 80 years or above filing his return of income in Form SAHAJ (ITR-1) or SUGAM (ITR-4) and having total income of more than Rs. 5 lakh or having a refund claim, can file his/her return of income in paper mode. For such individuals, electronic filing of ITR-1 or ITR-4 (as the case may be) is not mandatory.

Note: The Super Senior Citizen may opt for e-filing, if he chooses to do so.

⇒ Form No. 15H for Non-Deduction of Tax at Source

• A Senior/Super Senior citizen may submit form no.15H to the deductor for non-deduction of TDS on certain incomes referred to in that section, if the tax on his/her estimated total income for the concerned year comes at nil.

⇒ Income tax exemption on Transfer of Capital assets under ‘Reverse Mortgage Scheme’.

• The transfer of a residential house property by way of a reverse mortgage as per the Reverse Mortgage Scheme made and notified by the Central Government for Senior/Super Senior citizen, is not liable to be taxed as Capital gain (nor under any other head of income).

⇒ Exemption from filing ITR

The following categories of Senior Citizens are not required to file their ITR: —

• Resident Senior Citizens, 75 years or above and
• Having only pension income and interest income only from the account(s) maintained with a bank in which they receive such pension.

Note:

(i) Applicable from A.Y. 2022-23

(ii) The specified bank shall be responsible for computing their total income and deducting tax thereon after giving effect to various deductions allowable under Chapter VI-A and rebate u/s 87A of the Act.

⇒ Applicable Tax Rates

• In respect of AY 2023-24, a senior citizen can opt for either the old or new tax regime as under:

a) Income tax rate slabs under old tax regime for senior citizens of the age from 60 to 80 years:

Income Slab	Rate of Income Tax
Upto Rs. 3,00,000/-	Nil
Rs. 3,00,001/- to Rs. 5,00,000/-	5% (if taxable income is upto Rs. 5 lakh, the tax liability is Nil on account of tax relief u/s 87A)
Rs. 5,00,001/- to Rs. 10,00,000/-	Rs. 10,000 + 20% of amount above Rs. 5,00,000/-
Above Rs. 10,00,000/-	Rs. 1,10,000 + 30% of amount above Rs. 10,00,000/-
Surcharge (subject to Marginal Relief)	If taxable income is more than Rs.50 lakh (then percentage vary from 10% to 37% depending upon the taxable income)
Health & Education Cess	4% of (Income-tax + Surcharge).

b) Income Tax slabs under old tax regime for super senior citizens (80 years and above in age)

Income Slab	Rate of Income Tax
Upto Rs. 5,00,000/-	Nil
Rs. 5,00,001/- to Rs. 10,00,000/-	20% above Rs. 5,00,000/-
Above Rs. 10,00,000/-	Rs.1,00,000/- + 30% above Rs. 10,00,000/-
Surcharge (subject to marginal Relief)	If taxable income is more than Rs. 50 lakhs (then percentage of surcharge varies from 10% to 37% depending upon the taxable income)
Health & Education Cess	4% of (Income-tax + Surcharge)

c) New Personal Income Tax Regime (115BAC) for all individuals including senior citizens and super senior citizens

Income Slab	Rate of Income Tax
Upto Rs.2,50,000/-	Nil
Rs. 2,50,001/- to Rs. 5,00,000/-	5% (if taxable income is upto Rs. 5 lakh, the tax liability is Nil on account of tax relief u/s 87A)
Rs. 5,00,001/- to Rs. 7,50,000/-	Rs.12,500/- + 10% of amount above Rs. 5,00,000/-
Rs. 7,50,001/- to Rs. 10,00,000/-	Rs. 37,500/- + 15% of amount above Rs. 7,50,000/-
Rs. 10,00,001/- to Rs. 12,50,000/-	Rs.75,000/- + 20% of amount above Rs. 10,00,000/-
Rs. 12,50,001/- to Rs. 15,00,000/-	Rs.1,25,000/- + 25% above Rs. 12,50,000/-
Above Rs. 15,00,000/-	Rs. 1,87 ,500/- + 30% above Rs.15,00,000/-
Surcharge (subject to Marginal Relief)	If taxable income is more than Rs. 50 lakhs (then percentage of surcharge varies from 10% to 37%)
Health & Education Cess	4% of (Income-tax + Surcharge).

Note: Tax deduction under chapter VIA will not be available to a tax payer opting for the New Tax Regime u/s 115BAC, except for deduction u/s 80CCD(2) and 16(ia) of the Income Tax Act, 1961.

Directorate of Income Tax
(Public Relations, Publications & Publicity)
6th Floor, Mayur Bhawan, Connaught Circus, New Delhi – 110001

Disclaimer: This brochure should not be construed as an exhaustive statement of the law.

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