MY COMMENT MADE ON SUBMISSION OF LIFE AND INVESTMENT CERTIFICATE WAS INCOMPLETE SO IN CONTINUATION OF THAT I DIFFER WITH YOUR ADVICE FOR SUBMISSION OF INVESTMENT CERTIFICATE BY 31ST DEC.BECAUSE DURING SERVICE IN OUR BANK I HAD SEEN THAT EMPLOYEES WERE INVESTING TILL 31ST MARCH AND SUBMITTING THE CERTIFICATES ON THAT DAY.THE TDS WAS BEING KEPT IN SUNDRY DEPOSIT ON SUBMISSION OF CERTIFICATE OR SELF DECLARATION THE SAME WAS RELEASED TO THEM.MOREOVER THE INCOME TAX DEPARTMENT ALSO ACCEPT SUCH INVESTMENTS MADE ON 31ST MARCH SO THE P P G DEPARTMENT CAN NOT BE OVER AND ABOVE THE INCOME TAX RULES. LAST YEAR THE PPG DEPARTMENT ASKED ME TO SUBMIT THE INVESTMENT CERTIFICATE ON OR BEFORE JAN.BUT I COULD NOT BECAUSE MY INVESTMENT DATE FOR RS 70000.00 IN LIC WAS 27 TH MARCH WHICH I HAVE INVESTED IN THE YEAR 2008 WHEN THE PENSION WAS NOT STARTED.I HAVE TOLD THIS FACT TO THE C.M. IN WRITING ,OVER PHONE AND SENT THE COPY OF MY INVESTMENT DATE EVEN THOUGH HE REMAINED ADAMANT IN THE MATTER.DUE TO THIS I HAD TO ARRANGE RS 70000.00 AND INVESTED ON 20 TH MARCH AND FAXED THE COPY THERE OF TO HIM.HE ALSO DOES NOT CONSIDERED TO ALLOW THE EXEMPTION OF RS 24000.00 AVAILABLE UNDER INCOME TAX SECTION 80 G G FOR RENTED ACCOMMODATION.IN OUR BANK ONLY THE SELF DECLARATION GIVEN BY THE EMPLOYEE WAS BEING ACCEPTED FOR SUCH EXEMPTION.I HAVE BROUGHT ALL THIS HAPPENED WITH ME ,IN TIME TO YOUR OFFICE,WITH THE WRITTEN DOCUMENTS.HOWEVER I WILL FOLLOW YOUR ADVICE TO AVOID THE TENSION BECAUSE AFTER ALL THE PENSIONERS REMAIN SUFFERERS IN SUCH CASES. R S PARE as pension of March is paid in the month of April , ppg deptt has to made all deduction towards income tax latest by in the pension of Feb. every year . Feb pension is use to paid by 25th feb . so they said that they can take the information latest by 31st dec. f or updating the information for all the pensioners about 4000 or more they need time. so we request you please follow the time limit in this regard.
Posted on: Tue, 09 Jul 2013 04:16:52 +0000
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