Q&A Home ... 1st December 2019 09:44 AM. Final Rules are yet to be announced by the organisations. Provided further that this Ex-­Gratia compensation shall be subject to provisions in clause 6.1(c) & 6.1(d). the families will have the option to opt for the lump sum ex-gratia grant provided in the Rules, 2003 or 2005. as the case may be, in lieu of the monthly financial … Book your copy with Shri H. C. Bhatia, Office Secretary. Rule 6: The employee should serve at least 15 years even though he crosses 50 years of service. Mohile K.P. The payment of ex-gratia as sanctioned herein above should be made before the festival of Id-ul-Fitre of 2019 for the Muslim Pensioners/ Family Pensioners and other than Muslim Pensioners/ Family Pensioners the benefits should be disbursed in between 23rd September, 2019 to 1st October, 2019. (c) If a casual labour, who has been regularized in the accounting year does not fulfill the minimum continuous service N = number of years of service in a company. However there are a number of exemptions available which reduce the amount charged to tax and ‘Top Slicing Relief’ which reduces the rate of tax paid on ex-gratia lump sums. Ex Gratia Payment is a scheme announced by Government of India for the payment of the difference between compound interest and simple interest for six months to the borrowers on loan accounts with sanctioned limits and outstanding upto Rs. Your suggestions to make this web pensioners friendly are always well come and you can send email to didimistry@gmail.com Phone: 079-25500800 Cell: 09879090682. It contains regular pages such as orders on IDA/CDA, BSNL Medical Rules, Name of Hospitals, Membership list, Birthday List, Membership Form, Procedure, and exhaustive information for members including vital information on 4th, 5th & 6th CPC Pay Scales. We have won Cash Award of Rs.5000/-, Certificate & Trophy in the year 2012 for our excellent work. Shri H.C. Bhatia, Office Secretary and R.C. For e.g, if your employer declares bonus of 10% on the last 6 months, then you will receive a bonus of = (3136*10%)*6 = 1882. Previously there was a second method based on your average rate of tax for the previous 3 years. Ex-gratia Bonus calculation for GDS Employees is provided in the Bonus Order issued by Department of Post on 15 October 2018. Alphabetical Membership List as on 31.01.2020, 16.03.2020 Ex-gratia_Method of Calculation (1), I.D.A. All pending cases of ex-gratia assistance shall be covered under the new rules. The Delegates/observers from throughout the country participated. Subject: Grant of Dearness Relief in the 5th CPC series effective from 01.07.2019 to CPF beneficiaries in receipt of ex-gratia payment – reg In continuation of this Department’s OM No.42/04/2019- P&PW(D) dated 27.03.2019 , the President is pleased to decide that the Dearness Relief w.e.f 01.07.2019 to the CPF beneficiaries in receipt of ex-gratia payment shall be paid in the following manner :- BDPA Gujarat – 3rd Gujarat Circle Conference – Brief Report. Rule 3: The actual Gujarat Pattern VRS model suggests only 36 months of salary as the maximum amount. MEMORANDUM. DOT has released only Rs. 7th June 2019 The lumpsum compensation package amount (Ex-Gratia) will be calculated in two aspects. Gratuity Calculation Formula. Government has announced 125% of eligible exgratia as the extra benefit. Ex-gratia Policy, 2019 Click here to visit Ex-gratia Policy, 2019 . Interest Calculation for Covid 19 RBI Ex Gratia Scheme . 38/37/08-P&PW(A) dated 28/01/2013) post-2006 Pensioners (01.01.2006 to 31.12.2015) Basic Pension , Family Pension & Commuted Pension Calculator Gratuity Calculator BSNL MTNL VRS Package or Ex-Gratia Calculator @125% and Rules Explained - 23.10.2019, ExamTray App is now Available on Google Play. No. 2,50,000, Expected Compensation Amount = 17,50,000 + 2,50,000 = Rs. Memo No. Share to Twitter Share to Facebook Share to Pinterest. Details about VRS - Voluntary Retirement Scheme Scheme in BSNL and MTNL subsidiaries of the Government are announced. The amount is also dependent upon the number of years served in the company and the last drawn salary. Test your Dance Knowledge - Dasavatar Dance etc. Ex Gratia Payment is a scheme announced by Government of India for the payment of the difference between compound interest and simple interest for six months to the borrowers on loan accounts with sanctioned limits and outstanding upto Rs. Eligibility and Dates of Reserve Bank of India Ex Gratia Scheme . As per the office order issued on 26th June 2020, the payment of Rs. This is based on News Portal information. 3021 crore for payment of Ex-gratia to BSNL VRS 2019 Retirees. 36,00,000 x 1.25 times = Rs. 2 crores (aggregate of all the borrowings / facilities from all the banks and financial Institutions) for the period from 1st March … Select “Yes” or “No” accordingly. According to the Sources, Ex Gratia for period of Service completed will be 35 days salary per year and 25 days salary per year for left out service period up to superannuation. The ex-gratia amount credited in the borrower’s account is very nominal and it will not make a significant difference for the borrowers. Therefore, provisions under section 192 of the Act will govern the TDS obligations of BSNL on these payments. 256-F(Pen)/1P-1(16)/11 Dated, Kolkata, the 29th May, 2019. Ex-gratia Death Relief Fund of Rs.10 Lakh in the event of... igeadmin-April 30, 2020 0. 20,00,000 x 1.25 times = Rs. 23/01/2019- GDS dated 23.10.2019. No. If your loan is closed, please enter the date when you had paid the last instalment. of India and also from … 3021 crore for payment of Ex-gratia to BSNL VRS 2019 Retirees. Our 4th Bi-Yearly Gujarat Circle and 1st All India Conference were held during the period from 24.6.2012 to 25.06.2012. BSNL and DOT Pensioner Association Official Website, click: 16.03.2020 Ex-gratia_Method of Calculation (1). It is a form of incentive. Threads Tagged with Ex Gratia . 05.11.2019, DEPARTMENT OF PERSONNEL, P.G. ex-gratia or incentive payment has not been earned and received. Dated: Kolkata, the 29th May, 2019. Conveyance Allowance: 2. We have incorporated orders on 1st & 2nd Wage Revision in BSNL. No. The bank/ lending institution will provide ex gratia payment to the borrower account of the difference between compound interest and simple interest on loan accounts with sanctioned limits and outstanding upto Rs. We have more than 10000 members throughout the country. Yes. Click this image to calculate VRS benefit calculation of Ex-Gratia. Dearness Relief to CPF beneficiaries in receipt of ex-gratia payment w.e.f 01.07.2019 Enhancement of Ex-gratia ad-hoc allowance to Burma Army Pensioners Free Download WordPress Themes Rule 1: Retirement Benefits or Ex-Gratia is/may be as per the popular Gujarat Model VRS Scheme Rules. This was known as Top Slicing Relief which was not available on lump sums of €200,000 or more paid on or after 1 January 2013 and was abolished for all ex-gratia lump sum payments made on or after 1 … Is any minimum qualifying service necessary for opting VRS? IT. Disclaimer: The ex-gratia amount will be credited to your principal outstanding (in case your loan is still ongoing), or to your bank account (in case of closed accounts). Subject: Grant of ex-gratia payment to the State Government Pensioners for the year 2018-2019. 25,00,000 ( It is less than 42 months salary), One Day Salary = (Basic+DA)/30days = 96000/30 =  Rs. Further, for the purpose of claiming of reimbursement by respective lending institutions, calculation of the reimbursable ex-gratia amount shall be as detailed in clauses 8 and 9 hereof. One Day Salary = (Basic+DA)/30days = 60000/30 =  Rs. 28th October 2019 04:30 PM. No. … In order to make it Pensioners friendly we have given new look to our web. Ex-gratia payment of bonus may be calculated by applying the bonus formula as mentioned below: Average TRCA X Number of days of bonus ——————————————— 30.4 (average no. Pillai, B. K. Sinha, PGM Ahmedabad Telecom District, Smt. For fraction of a year of service rendered / left, calculation of Ex-­Gratia will be made on pro-­rata basis. 40,32,000, Final VRS Amount or Ex-Gratia = Rs. Grant of ex-gratia payment to the West Bengal Govt Pensioners for... igeadmin-May 14, 2020 0. Thus, TDS shall be deducted on payment basis. of months basic as defined by your employer. Will I also be eligible for Ex-Gratia interest refund? File ITR for FREE on BLACK App (1200) Install. It will be as per the extant Income Tax Rules For loans such as Education, Automobile, Housing, Personal, Professional and Consumptions Loans the Rate of Interest is calculated as the difference between simple and compound Interest shall be the contracted rate as mentioned in the loan agreement and … In discrimination cases, there is an element of compensation for injury to feelings and in serious cases there may also be damages for psychiatric damage for personal injury. And, 25 days salary for every year of service left, until superannuation. The bank / lending institution will provide ex gratia payment to the borrower account of the difference between compound interest and simple interest on loan accounts with sanctioned limits and outstanding upto Rs. Posted by gaurav at 18:49:00. 40,32,000 ( It is less than 42 months salary). The undersigned is directed by order of the Governor to say that in order to provide some relief to the State Government Pensioners during the ensuing festivals, the Governor has been pleased to decide that all State … The minimum bonus payment was capped at 8.33% of Rs 3500 per month or Rs 100, whichever is higher. 14: 27,051: Winding up of Company - Salaries not paid - exact path in which we shall proceed? Ex-gratia is most often used in a legal context. Payment of Bonus / Ex-gratia grant to the West Bengal Employees... igeadmin-May 14, 2020 0. According to the Sources, Ex Gratia for period of Service completed will be 35 days salary per year and 25 days salary per year for left out service period up to superannuation. Professional Tax Paid: 3. 17,50,000, Compensation for remaining Years = 25 days x 5 x 2000 = Rs. If this meaning is valid, then it means, an ex gratia could pass for a gift from the people of Ghana to article 71 class of public workers. The 3rd A.I.C. Please help me to understand the PF & ESIC calculation w.e.f. In Gujarat, we have formed District Branches at Valsad, Surat, Vadodara, Kheda, Ahmedabad, Mehsana, Rajkot, Jamnagar, and Junagadh and have membership in all the Districts which is unique achievement. Payment of this [22.5% of gross] Ex-gratia will be made by BSNL by 29.06.2020. 1) TDS on ex-gratia. COVID-19 EX GRATIA SCHEME. When something has been done as ex gratia, it has been done voluntarily, out of kindness or grace. RBI Ex Gratia Payment Scheme (Loan) This article explains the Online procedure to apply for the RBI Ex Gratia Scheme, Eligibility, Date, and Interest Calculation on the official website. S/Shri Thomas John K and D.D. Find out the eligibility criteria for applying the RBI Ex Gratia Scheme, as shown below. Rule 2: Minimum age to enter the VRS Scheme is 50 years. of days in a month) 3.2 The allowance drawn by a substitute will not be counted towards bonus calculation for either the substitutes or the incumbent GDSs. No. Ex-gratia of Rs. I have not taken Moratorium. Within Ten Years period, more than 1,00,00,000 viewers have visited the web which speaks of its popularity amongst the Pensioners/Workers. Discrimination compensation and ex gratia payments. Curated Mutual Funds & plans for tax savings … Published 19 December 2018 Last updated 26 February 2019 + show all updates However. Therefore, this is not part of salary. Q11. Final VRS Amount or Ex-Gratia = Rs. 9: 2,815: Employee Commited Suicide - How To Handle - PDF … Find out the Interest Calculation for RBI Ex Gratia Scheme for different segments of loans. 25,00,000 ( It is less than 42 months salary) In such … The payable ex-gratia amount shall have to be credited to the account of the borrower by the respective lending institutions as ex-gratia payment under the scheme on … We look forward to receive your appreciation and guidance to go ahead. (c) “Existing family pension” means the basic family pension / ex‐gratia family pension / adhoc family pension / extraordinary family pension due on 31.12.2015 under the West Bengal Services (Death‐cum‐Retirement Benefit) Rules, 1971, the West Bengal Services (Extraordinary Pension) Rules, 1971 or Family Pension Scheme, 1965. COVID-19 EX GRATIA SCHEME. An ex gratia payment is made to an individual by an organization, government, or insurer for damages or claims, but it does not require the admittance of liability by the party making the payment. There is long way to go and reach our goal of selfless service to fraternity. Yes, the accounts classified … 25,000 + parents Rs.25,000 / 30,000) 5. 2000, Compensation for Completed Years = 35 days x 25 x 2000 = Rs. April 1 2019 as per the Government's new rules and guidelines. According to an online dictionary, an ex gratia payment is any money paid with no obligation to make such a payment. FREEZ – DPE issued clarification for its applicability for non-unionised workers on 08.01.2021, OBITUARY – Smt. GDS Ex-gratia Bonus calculation for 2017-18. Rule 8: An interest rate of 8% per annum is applied on the Gratuity amount until 60 years or 5 years after VRS whichever is earlier. (IV) The term 'emoluments' occurring in this order will include basic pay, personal pay, deputation allowance and dearness allowance but will not include other allowances such as … In law, an ex gratia payment is a payment made without the giver recognizing any liability or legal obligation. Ex Gratia payment will be credited in the bank account of the official. Lump sum payments received from an employer on retirement or redundancy may be taxable. BSNL Pensioners Directory 2012 – 3rd Editions released on 25.06.2012 is under distribution at concessional price. 3.4 Those Gramin Dak Sevaks who have resigned/ discharged or left service after 31.03.2019 will also be entitled to proportionate ex-gratia Bonus. Rule 4: Only the Present-Basic and Dearness Allowance (DA) are used for calculation. X. No comments: Post a comment. Revised Pension Calculator for pre-2006 pensioners - Sixth CPC (as per revised concordance table issued via O.M. The calculation can be shown as follows: Compound interest on Principal – Simple Interest on Principal = Ex – Gratia payment. Subject: Grant of ex-gratia payment to the State Government Pensioners for the year 2018-2019. How to use the Ex-gratia Payment Calculator? You can check the Gujarat Model VRS Calculator as of now for all other Rules regarding Leaves and Leave Encashment. 1. 4.1. What is Ex-Gratia? Read Official Notification : Benefits of BSNL VRS 2019. In Settlement Agreements these payments indicate a sum that is paid without admission of … ALSO READ | Income Tax Deductions for AY 2019-20: Little-known surprising benefits explained; check IT calculator Tax on Ex-gratia: The Income Tax department website says, "If a person or his heir receives ex-gratia from Central govt/state govt/ local authority/Public Sector Undertaking due to injury to the person/death while on duty such ex-gratia payment will not be taxable." Similarly, where ex-gratia is paid in lieu of bonus under the Payment of Bonus Act, 1965 the same provisions will have to be followed for the purpose of payment of ex-gratia. The Ex-Gratia payment under this scheme shall be applicable if you fall under below categories: (1) had fully availed or partially availed or not availed of the moratorium on repayment announced by RBI ride its circular DOR. Exact Rules, Amount and Benefits will be communicated by your Employer directly. Sujata Ray, PGM Finance, CGM Office, Thomas John K, K. Jayaprakash, Islam Ahmad and many dignitaries. The Ex-Gratia payment under this scheme shall be applicable if you have partially availed or not availed of the moratorium . Amount and Benefits will be made by BSNL by 29.06.2020 - Voluntary Retirement Scheme Scheme in BSNL of Rs.10 in. The maximum amount to proportionate ex-gratia Bonus calculation for GDS Employees is in... 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Visited the web which speaks of its popularity amongst the Pensioners/Workers VRS amount or ex-gratia Rs. Bsnl and DOT Pensioner Association Official Website, click: 16.03.2020 Ex-gratia_Method of (! As the extra benefit One Day salary = ( Basic+DA ) /30days = 96000/30 = Rs Trophy!