Author Archives: admin

PROTEST DEMONSTRATION ON 03-02-2020- ANDHRA PRADESH.

VIJAYAWADA- COM.P.ASOKABABU CHQ VICE PRESIDENT& CIRCLE SECRETARY,BSNLEU INAUGURATING. COM.KSC BOSE, CIRCLE SECRETARY, AIBDPA ADDRESSED.

Image may contain: 8 people, including Ramesh and Praveen Chandran, people standing and outdoor

VISAKHAPATNAM

ONGOLEImage may contain: Chellappa Chandrasekar, standing and outdoor

GUNTUR

RAJAMUNDRYImage may contain: 7 people, motorcycle and outdoor.

KURNOOL- COM.M.YACOB, CIRCLE PRESIDENT INAUGURATINGImage may contain: 7 people, including Sebastian Antony, people standing

KADAPPA.

NELLORE- COM.T.NAGESWARA RAO, DISTRICT SECRETARY INAUGURATING.

 

 

 

 

PROTEST DEMONSTRATION IN KERALA JOINED BY BSNLEU ALSO.

 

THIRUVANANTHAPURAM- COM.R.MURALEEDHARAN NAIR, AGS INAUGURATING. COM.C SANTHOSHKUMAR, CIRCLE SECRETARY, BSNLEU ADDRESSED.

Image may contain: 6 people, people standing

THRISSUR

Image may contain: 8 people, people standing

ALAPPUZHA- COM.K G JAYARAJ, GENERAL SECRETARY INAUGURATING. COM.P R SHAJIMON, DISTRICT SECRETARY ADDRESSED.Image may contain: 9 people, including Cmpillai Scpillai, people standing

KOLLAM-COM.C M PILLAI, DISTRICT SECRETARY, BSNLEU INAUGURATING. COM.N SASIDHARAN NAIR, DISTRCT SECRETARY,AIBDPA ADDRESSED.

PAYYANNUR, KANNUR SSA- COM.K.KUNHIRAMAN, DISTRICT SECRETARY INAUGURATED.

PATHANAMTHITTA- COM.M G S KURUP, DISTRICT SECRETARY INAUGURATED.

Image may contain: 8 people, including Aryad Bhargavan, people standing

PALAKKAD- COM.V.KESAVAN, CIRCLE PATRON INAUGURATING.

ERNAKULAM- COM.N GURUPRASAD, CIRCLE SECRETARY INAUGURATING. COM.K.MOHANAN, ACS, BSNLEU ADDRESSED.

 

CHQ CALL TO ORGANISE PROTEST DEMONSTRATION ON 03-02-2020 AGAINST THE CRUELTY AND INSULT METED OUT TO VRS RETIREES HAS BEEN RESPONDED WELL ALL OVER THE COUNTRY. VRS RETIREES WERE NOT PAID ANY OF THE RETIREMENT BENEFITS AND EVEN TWO MONTHS SALARY ALSO NOT PAID AND AS SUCH THEY WERE COMPELLED TO BID FAREWELL TO BSNL EMPTY HANDED. IN CERTAIN CIRCLES LIKE KERALA AND CHENNAI TELEPHONES BSNLEU ALSO JOINED THE PROGRAMME.SOME OF THE PHOTOS RECEIVED FROM CIRCLES ARE POSTED CIRCLEWISE.

Image may contain: 10 people, including Binoy Philip, people standing and crowd

GUWAHATI, ASSAM – COM.M R DAS, AGS INAUGURATING.

130 VRS RETIREES JOIN AIBDPA IN KHAMMAM.

Image may contain: 6 people, including Sambasivarao Gutha, people smiling, people standing

Image may contain: 8 people, people smiling

A felicitation meeting was held at Khammam on 01-02-2020 in connection with the retirements of 216 VRS optees. Coms.J Sampath Rao, AGS & CS, BSNLEU, D Shankar, CHQ Vice President, Ramachandradu, Circle Secretary and Sambasiva Rao, Asst Circle Secretyary participated and addressed the meeting. 130 retirees readily joined AIBDPA.Some others who could not attend the meeting promised to join at the earliest opportunity.

Congratulations to Telangana Comrades, especially Com.J Sampath Rao for the remarkable job.

C

THE TWO DAYS BANK STRIKE COMPLETE- CONGRATULATIONS

10 lakh bank employees and officers participated in the country wide two day strike on  31st January and 1st February, 2020. The strike call was given by the United Forum of Bank Unions (UFBU) consisting nine unions of bank employees and officers against merger of banks which will result in closure of thousands of bank branches, particularly in the rural areas. It was also against the negative and adament stand of IBA (Indian Banks Association) on wage agreement due from 2017.

AIBDPA congratulate the bank workers and officers for their glorious two day strike and express our solidarity to them.

Personal Income Tax Slab for FY 2020 21

 admin

This Personal Income Tax Slab for FY 2020 21 paves the way for significant relief, especially for Middle Class Taxpayers

The Official press release published in PIB is given below

New Personal Income Tax Regime to be optional for the taxpayers

New rates entail estimated revenue forgone of Rs 40,000 Crore per year

While presenting the Union Budget 2020-21 in Parliament today, the Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman said, “The new tax regime shall be optional for the tax payers.” She further said that an individual who is currently availing more deductions and exemptions under the Income Tax Act may choose to avail them and continue to pay tax in the old regime.

The New personal Income tax regime proposes the following tax structure:

Taxable Income Slab (Rs.) Existing Tax Rates New Tax Rates
0-2.5 Lakh Exempt Exempt
2.5-5 Lakh 5% 5%
5-7.5 Lakh 20% 10%
7.5-10 Lakh 20% 15%
10-12.5 Lakh 30% 20%
12.5-15 Lakh 30% 25%
Above 15 Lakh 30% 30%

 

The new tax regime will be optional for the taxpayers. As per the Memorandum explaining the provision in the Finance Bill, the option shall be exercised for every previous year where the individual or the HUF has no business income and in other cases the option once exercised for a previous year shall be valid for that previous year and all subsequent years. The option shall become invalid for a previous year or previous years as the case may be if the individual or HUF fails to satisfy the conditions and other provisions of the Act shall apply.

The new personal income tax rates will entail estimated revenue forgone of Rs 40,000 crore per year. Smt Sitharaman said, “We have also initiated measures to prefill the income tax return so that an individual who opts for the new regime would need no assistance from an expert to file his return and pay income tax.” The Finance Minister said that in order to simplify the income tax system, she has reviewed all the exemptions and deductions incorporated over the past several decades.”

In the Budget, around 70 of the existing exemptions and deductions of different nature (more than 100) have been proposed to be removed. Remaining exemptions and deductions will be reviewed and rationalised in the coming years with a view to further simplifying the tax system and lowering the tax rate

The rates of Personal Income Tax Slab for Financial Year 2019-20

If Income Tax Slab regime FY 2019-20 is beneficial than the new Tax Slab 2020-21, the individual will be allowed to continue the 2019-20 Income tax Slabs in 2020-21 financial Year

New Income Tax Slab 2020-21 is optional .

The Income Tax Slab for Financial Year 2019-20 is

Income Tax Slab 2019-20 Individuals Below the Age Of 60 Years
Up to Rs.2,50,000 Nil
Rs.2,50,001 to 5,00,000 5%
 Rs.5,00,001 to 10,00,000 Rs.12,500 + 20% of total income exceeding Rs.5,00,000
Above Rs. 10,00,000  Rs.1,12,500 + 30% of total income exceeding Rs.10,00,000

Tax payers can choose either new Tax slab or Old Income tax slab for assessing the income tax for Financial year 2020-2021