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INAUGURATION CEREMONY — I WAS HONOURED TO BE A CHIEF GUEST, TO CUT THE RIBBON IN AN INAUGURAL CEREMONY, TO MARK THE COMMENCEMENT OF A NEW BUSINESS OF A CAFÉ WITH A UNIQUE NAME “LAUNG LAACHI DE CAFÉ” SITUATED AT 910 R-1, JOHAR TOWN, LAHORE (OPPOSITE TOPAZ EVENT COMPLEX)
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ENCASHMENT OF REFUSED LEAVE PREPARATORY TO RETIREMENT (PUNJAB GOVERNMENT) — If, in case of retirement on superannuation (or voluntary retirement on completion of twenty six years qualifying service) a civil servant cannot, for reasons of public service be granted leave preparatory to retirement duly applied for in sufficient time, he will in lieu thereof, be granted lump-sum leave pay for the leave refused to him subject to a maximum of three hundred and sixty days leave on full pay. Pay for the purpose of encashment of LPR includes Basic Pay, Special Pay, Technical Pay Personal Pay and any other emoluments which may be specifically classed as “Pay” by the competent authority plus Senior Post Allowance.
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LECTURE ON AUDIT BY CH. MUHAMMAD IMTIAZ, COMPLETE LECTURE ON DIFFERENT RULES IN THE FORM OF PRESENTATION CONTAINING ALL THE POSSIBLE AMENDMENTS AND CLARIFICATIONS NOTIFIED BY THE SINDH GOVERNMENT FROM TIME TO TIME, LECTURE ON GENERAL PROVIDENT FUND RULES, ENCASHMENT IN LIEU OF LPR, LUMP SUM PAYMENT OF GROUP INSURANCE, BENEVOLENT FUND AND FINANCIAL ASSISTANCE, LECTURE ON THE CIVIL SERVICES PENSION RULES, 1963 (SINDH GOVERNMENT)
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GUIDE BOOK ON THE CIVIL SERVICES PENSION RULES, 1963 (SINDH GOVERNMENT) CONTAINING AMENDMENTS AND CLARIFICATIONS ISSUED BY THE GOVERNMENT OF SINDH, FINANCE DEPARTMENT FROM TIME TO TIME ALONG WITH DETAIL OF INCREASES ON PENSION SANCTIONED BY THE SINDH GOVERNMENT PREPARED BY SYED ARIF RAZA, DIRECTOR, LOCAL FUND AUDIT, SINDH
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NEW INCOME TAX SLABS — NEW SALARY SLABS AND RATE OF TAX ON SALARY SLABS – According to Section (9) of the Income Tax Ordinance, 2001, the taxable income of a person for a tax year shall be the total income of the person for the year reduced (but not below zero) by the total of any deductible allowances of this Chapter of the person for the year. Any salary received by an employee in a tax year, other than salary that is exempt from tax under Income Tax Ordinance, shall be chargeable to tax in that year under the head Salary. Salary means any amount received by an employee from any employment, whether of a revenue or capital nature. According to Section (149) of the Income Tax Ordinance, 2001, every person responsible for paying salary to an employee shall, at the time of payment, deduct tax from the amount paid at the employee’s average rate of tax computed at the rates specified in Division I of Part I of the First Schedule on the estimated income of the employee chargeable under the head “Salary” for the tax year in which the payment is made after making adjustment of tax withheld from employee under other heads. As per Finance Act, 2019, the salary slabs as well as tax rates have been revised with effect from 01-07-2019. As such all withholding tax agents disbursing salary are required to implement the revised tax rates from the same date.
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MEDICAL CERTIFICATE OF FITNESS ON FIRST ENTRY INTO GOVERNMENT SERVICE (PUNJAB GOVERNMENT) — Authorities competent to make first appointments may require the submission of a medical certificate of fitness from temporary or officiating Government servants. In any case they must satisfy themselves that the candidate is protected against smallpox. Medical certificates should ordinarily be required from candidates on first appointment to Government service if they are likely to officiate or to hold temporary posts for any period exceeding six months. Re-employed persons who during their previous term of service under the Government had produced the required medical certificates need not be required to produce a fresh certificate unless the period between their discharge from their old posts and their appointment to the new posts is in excess of three months.
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PROCESS OF BUDGET FORMULATION — The budget represents a comprehensive plan of Government activities expressed in financial terms. On the expenditure side, it shows the Government’s intention to spend money needed to maintain the civil administration and to implement the various economic and social programmes during the forthcoming Fiscal Year. On the receipt side, it sets forth the estimated amounts of money to be collected from Taxation, Borrowings and other sources. Budget is thus the forecast of Government income and expenditure for the ensuing Fiscal Year, which enables the Government to translate its policies in financial terms by providing available resources to the best possible advantage in accordance with the priorities determined in the public interest. Budget, is, therefore, not merely a statement of accounts.
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MAINTENANCE OF FINANCIAL DISCIPLINE — In order to make some improvements in the accounting set up of an organization in the fields of realization of income and control over expenditure, it is necessary to adopt some measures because Finance is an essential element in policy questions.
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RE-APPROPRIATION OF FUNDS — Re-Appropriation means the transfer of funds from one unit of appropriation to another or transfer of savings in the provision made for expenditure under a minor or detailed object to meet excess expenditure anticipated under another minor or detailed object, within the same grant.
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