Things prepared by the Author of this website are posted here.
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
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PENSION GUIDE BOOK (THIRD EDITION) PREPARED BY CH. MUHAMMAD IMTIAZ — This booklet is the product of the questions that have been put to me over the years regarding pension and related matters. Score of employees belonging to different departments / organizations where service is pensionable as well as living in the territorial surroundings of my residence come to me and ask almost similar questions about pension / commutation / encashment in lieu of Leave Preparatory to Retirement (LPR) along with additional benefits admissible to an employee on retirement under the rules. In order to surmount these difficulties of the employees, I felt the need to prepare a comprehensive guide book containing the gist of pension rules incorporating the amendments / clarifications issued by the Punjab Government from time to time, as well as additional benefits admissible to an employee on retirement or the widow / family of a deceased employee / pensioner in case of death during service or after retirement whatever the case may be. Keeping in view that majority of the employees are not aware about the calculation of pension / commutation / encashment I, therefore, for the convenience of such employees, decided to include the formulas for these calculations at the end of this guidebook. This would definitely be helpful for the employees of every cadre and help them considerably to understand the rules and methods used to calculate various benefits.
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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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LECTURE ON GENERAL PROVIDENT FUND RULES, ENCASHMENT IN LIEU OF LEAVE PREPARATORY TO RETIREMENT (LPR), LUMP SUM PAYMENT OF GROUP INSURANCE, BENEVOLENT FUND AND FINANCIAL ASSISTANCE (SINDH GOVERNMENT)
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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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