Airports Authority of India Recruitment 2014-15

Friends,

Airports Authority of India ( A Miniratna - Category - 1 Public Sector Enterprise) invites applications from eligible candidates for the posts as mentioned below vide Advertisement No. 01/2014. This is a Special Recruitment Drive-2014 for OBC (Non Creamy Layer) and SC Candidates. The interested candidates can apply in ONLINE mode only through the link provided on the official website of Airports Authority of India. No other means/mode of application will be accepted. The candidates are advised to ensure their eligibility before applying for these posts. Candidates in their own interest are advised, not to wait till the last date & time and register their application well within the time. AAI shall not be held responsible, if the candidates are not able to submit their application due to last minute rush. The brief details are as under :

Junior Executive Job vacancies in Airports Authority of India

Post Code	Name of the Post	Qualification	No. of Post
11	Junior Executive (Technical)	Full time regular Bachelor’s Degree in Engineering / Technology in Mechanical or Automobile with minimum 60% marks in aggregate.	01-OBC (NCL)
12	Junior Executive (Architecture)	Full time Bachelor’s Degree in Architecture with minimum 60% marks in aggregate & Registered with Council of Architecture	02 (SC-01, OBC (NCL)-01)
13	Junior Executive (Human Resources)	Graduate and full time regular MBA or Equivalent# (2 Years Duration) with specialization in HRM /HRD / PM&IR / Labour Welfare with minimum 60% marks in aggregate.	06 (SC-03, OBC (NCL)-03)

Pay Scale : Rs.16,400-40,500/-

AGE LIMIT AS ON 31.12.2014:

• Not more than 32 years for SC Candidates.
• Not more than 30 years for OBC candidates.
• Relaxation of 10 (Ten) Years for PWD applicants.
• For Ex-servicemen, upto the extent of service rendered in Defence plus Three years provided they have put in more than Six months service after attestation, as per Ex-servicemen (Reemployment in Central Civil Services and Posts) Rules, 1979 and Government of India orders issued from time-to-time. 
• By 05 (Five) Years for the candidates who had ordinarily been domiciled in the State of Jammu & Kashmir during the period 01.01.80 to 31.12.1989 provided certificate for the same issued by BDO/SDO is attached with the application. 
• Upper age limits are relaxable by ten years for Candidates who are in regular service of AAI. 

Application Fees : 

1. OBC (Non Creamy Layer) Male candidates only including Ex-Serviceman : Rs.500/- Only. 
2. No application fee is required to be paid by for SC/PWD/Women/Ex-Servicemen (SC) candidates. AAI will accept fee through System Generated Challan of SBI only. Fee submitted by any other mode will not be accepted. 

Selection Process : The selection of candidates will be made on the basis of Written Examination followed by Interview of shortlisted candidates . 

Examination Centres : The Written Examination may be held at DELHI and MUMBAI Centres only. If sufficient number of applications are received, the examination centres may be increased on all India Basis. If the number of candidates applying for a particular post are less, then the written examination for such post may be conducted at DELHI only. Applicants should clearly indicate their order of preference for both “Examination Centres”, i.e., Delhi and Mumbai for written test according to the preferred option of the centre in the online application format. No request for change of examination centre will be entertained after final submission of application form.

How to Apply : Candidates are required to apply On-line through AAI website www.aai.aero in English only. No other means/mode of submission of applications will be accepted under any circumstances. The on-line registration process involves 02 (two) steps for successful registration of the application. Candidates should have a valid personal e-mail ID. It should be kept active during the currency of this recruitment process. Registration number, password, admit card for written test, call letter for interview or any other important communication will be sent on the same registered e-mail ID of candidate (also check email in spam/junk box). The candidates are, therefore, requested to check regularly their e-mail for any communication from AAI. Under no circumstances, the candidate should share/mention e-mail ID or password to/or any other candidate /person. Please note that the Admit Card for written examination will not be sent by post.  Candidates should take utmost care to furnish the correct details while filling in on-line application. Any mistake committed by the candidate shall be his/her sole responsibility. Once the application is submitted (Step-1), no change/edit will be allowed, thereafter. 

Important Dates 

• Opening Date for On-Line Registration of Applications : 05/12/2014 
• Last Date for Completion of Step-1 of On-Line Registration : 26/12/2014 
• Last date for depositing examination fee at State Bank of India : 29/12/2014 
• (closing hour of business)
• Last date for completion of Step-2 of on-line registration and closing of registration : 05/01/2015 

For more information Click Here

House Rent Allowance (HRA) Exemption Calculation 2014-15 for Salaried Persons

Friends,

If a person is doing job in Government/ Public/ Private Sector and getting House Rent Allowance (HRA) as a part of his/her salary along with other allowance, then he/she could claim exemption of House Rent Allowance from his Gross Taxable Income as provided by the Income Tax Department. But the exemption is restricted only for those persons who are not living in their own house i.e the person should be living in a Rented Accommodation. House Rent allowance (HRA) exemption calculation is most easiest calculation in income tax. Here is a set of FAQ on HRA exemption calculation and hope it will definitely helpful for many to understand the topic in simple way.

HRA exemption calculation is made basically on four variable i.e. House rent allowance received, House rent paid, Salary Received and Location of the house.

As per section 10(13A) read with rule 2A , least of the following three will be exempted

1. House Rent Allowance (HRA) received.
2. 50% of salary in case of residential accommodation taken on rent is situated in Bombay, Calcutta, Delhi, or Madras (Chennai) and 40 % of salary in in any other case.
3. Rent paid in excess of 10 % of Salary.

FAQ's regarding exemption of House Rent Allowance (HRA)

Q. How to calculate HRA exemption i.e in monthly or yearly mode?

Ans: HRA exemption calculation is depended on four variable as shown above, if all of these remains same in a year then you can calculated it on yearly basis otherwise for each set of of variable, you have to do separate calculation. If DA is changed then your exemption of HRA will also effect. 

Q. I have received salary arrears of last years. For HRA exemption arrears is to be included or not?

Ans : For HRA exemption ,salary of the relevant period for which we are calculating exemption is to be taken .so arrears are not be included for HRA purposes .salary on due basis is to be taken.

Q. As per Sixth Pay commission ,Grade pay has been added in Basic Pay ,whether it is part of salary for Calculation of HRA exemption ?

Ans: As per sixth pay commission

Basic pay = Pay in pay band plus Grade Pay

so according to 6th CPC Grade Pay is part of Basic Pay and Basic Pay you are referring is actually pay in pay band . In brief Grade Pay is to be included for salary as per HRA exemption calculation.

Q. I am a Doctor and receiving NPA (non practice allowance) and it is also considered in most of the retirement benefits . Is NPA to be included in salary for HRA exemption ?

Ans.No, it is not. As per section 10(13A) only DA is to be included in the salary for HRA exemption calculation.

Q.To claim HRA exemption ,my DDO is asking for Rent payment receipt from my landlord .what should I do?

Ans: Give him ,what he asking for .yes produce the house rent payment receipt to him.Actually DDO(drawing and disbursing officer) is responsible to deduct TDS from salary ,so to avoid penalties at later stage ,he has to verify all the saving proofs ,rent receipt etc from the employee.and if employee is unable to produce the same then DDO is empowered to reject the claim of the employee.

Q. Is it necessary to give Landlord's PAN number on rent receipt ?

Ans: Landlord's PAN is mandatory if  payment exceeds more than Rs 1,00,000 per annum w.e.f. financial year 2013-14.  Landlord PAN is mandatory if rent paid is in excess of Rs  180000/- for Financial Year 2011-12 & 12-13)

Q. My friend have informed me that there is a cut off amount for rent paid after which only, rent receipt is required.Is it true?

Ans: Yes and No .Yes because there is a cut off Limit .No because the cut off limit is for HRA received PM and not for House rent paid.Those employees ,who are receiving house rent up to 3000 per month are not required to submit Rent receipt to DDO.I repeat this 3000/- limit is for house rent received and House rent paid in this case may be more than 3000/-.

Q. I have produce rent receipt to my DDO but he his now asking for rent agreement ?

Ans: Rent receipt is enough to claim the HRA exemption , and I request to your DDO, please do not ask for rent agreement . On the reverse, if employee has submitted a rent agreement only then DDO should ask for rent receipt as the rent agreement is not a proof of payment.

Q. My DDO /employer has rejected my HRA exemption and deducted the tax accordingly. Further nothing has been mentioned about HRA exemption in Form 16 issued by the employer. Can I claim HRA exemption while filing my Income tax return?

Ans: Yes , you can claim the HRA exemption. If employer has not considered your HRA exemption claim then you can claim the same while filing your income tax return even nothing has been mentioned about HRA/HRA exemption in Form 16.

Q. I have paid rent to my Wife/Father. Can I claim HRA exemption?

Ans: If this is actual payment then Yes you can claim rent exemption even if the rent is being paid to your family members. But remember House must be on their name or he/she must be authorize to receive rent on the property. Though the above point have no relation with HRA exemption but tax planning should be done carefully and remain with in limit .

Q. .Both of us (husband /wife) are working and leaving in same house on rent .Can we both claim HRA exemption ?

Ans: Yes, but subject to that rent is shared/paid by both of you and individually, both of you can claim exemption up to share of rent paid actually paid by you.

Q. I am claiming HRA for three months and moving to own residence after that. When the HRA is calculated, will it take into consideration the basic for three months or basic pay for entire year? i.e., will the calculation be = Actual rent - 10% of annual basic or Actual rent - 10% of three month basic ?

Ans: Calculate salary & House rent paid month to month basis and then calculate full year year exemption by aggregating all month in your case exercise is required to be done for three months only.

Q. Can I get HRA exemption and interest of House loan and principal amount both the amounts, if i am not staying in my own house because it is in other city

Ans :Yes, you can claim both HRA & House loan interest if you are staying at other place due to employment.

Q. I am paying rent for house at Delhi where my family is living and also paying rent for accommodation in another city where I am employed. Can I claim HRA exemption for total rent paid by me for both the accommodation?

Ans: As per rule 2A , rent paid is to be considered for only one house in which assessee is residing and paying the rent . So you can claim rent for only where you are residing , not on house in which family is living

Q. What if I have a house in my name , and another house joined to my house in mother name can I get HRA benefit if I pay rent to my mother ?

Ans: You can claim HRA only if you have actually paid it , in this case also, as you have paid rent to your mother, then you can claim HRA exemption benefit. Further if you show House rent payment and claim HRA exemption then your own house will be deemed to be let out and you have to add rent in your income for that house.so on one side your income will be reduced by HRA exemption ,on the other side you have pay tax on deemed rent for house owned by you. Overall no benefit in doing this.

Q. I have been taken a House Building Loan and my house e is under construction. I am paying 12000 as EMI. Can I take HRA exemption?

Ans: You can Claim HRA benefit till your house completed subject to that you have actually paid the Rent . Further in future also, you can continue to claim HRA benefit, if your house is at a location, other than where you are employed or you will give house for a rent . Moreover you can claim House loan benefit in Financial Year 2009-10 only if your house is completed by 31st march, 2010.

You can add more here through comments relevant section of the income tax is reproduced here under section 10(13A) any special allowance specifically granted to an assessee by his employer to meet expenditure actually incurred on payment of rent (by whatever name called) in respect of residential accommodation occupied by the assessee, to such extent as may be prescribed having regard to the area or place in which such accommodation is situate and other relevant considerations

Explanation.—For the removal of doubts, it is hereby declared that nothing contained in this clause shall apply in a case where - 

(a) the residential accommodation occupied by the assessee is owned by him ; or

(b) the assessee has not actually incurred expenditure on payment of rent (by whatever name called) in respect of the residential accommodation occupied by him.

Rule 2A as per Income Tax Rules(Limits for the purposes of section 10(13A)).

2A. The amount which is not to be included in the total income of an assessee in respect of the special allowance referred to in clause (13A) of section 10 shall be

(a) the actual amount of such allowance received by the assessee in respect of the relevant period; or

(b) the amount by which the expenditure actually incurred by the assessee in payment of rent in respect of residential accommodation occupied by him exceeds one-tenth of the amount of salary due to the assessee in respect of the relevant period; or

(c) an amount equal to

(i) where such accommodation is situate at Bombay, Calcutta, Delhi or Madras, one-half of the amount of salary due to the assessee in respect of the relevant period; and

(ii) where such accommodation is situate at any other place, two-fifth of the amount of salary due to the assessee in respect of the relevant period,

(d) [***]

whichever is the least.

Explanation : In this rule

(i) salary shall have the meaning assigned to it in clause (h) of rule 2 of Part A of the Fourth Schedule;

(ii) relevant period means the period during which the said accommodation was occupied by the assessee during the previous year.

(iii) [***]

New Rules for claiming deduction of HRA from Salary Income Financial Year 2013-14

Friends,

Income Tax Department, Government of India,  has made major changes for claiming deduction of House Rent Allowance from Salary Income. First of all we will discuss about House Rent Allowance.  HRA is an allowance given by an employer to an employee to meet the its rental accommodation expenses. The employee must not be the owner of this property. Now we will discuss about "Who can claim this deduction ?"  Employees generally receive a house rent allowance (HRA) from their employers. This is a part of the salary package, in accordance with the terms and conditions of employment. HRA is given to meet the cost of a rented house taken by the employee for his stay.The Income Tax Act allows for deduction in respect of the HRA paid to employees. The exemption on HRA is covered under Section 10(13A) of the Income Tax Act and Rule 2A of the Income Tax Rules. It is to be noted that the entire HRA is not deductible. HRA is an allowance and is subject to income tax. The persons getting HRA and residing in their own houses are not eligible to claim this deduction. But now CBDT has made mandatory to provide PAN number of his/her landlord to whom he / she has paid rent in excess of Rs. 1,00,000.00 (one lac) per annum to his / her employee.  In case non availability of PAN with Land Lord, a declaration to this effect from the landlord along with the name and address of property should be filed by the employee. 

Some important question answers are given below for more clarity :-

Q. What is objective to claim exemption for House Rent Allowance? under Sec.10 (13A).

A. To meet expenditure actually incurred by an employee on account of payment of rent in respect of residential accommodation.

Q. Which section HRA exemption has been granted?

A.  Section 10(13A) of the Income Tax Act,1961 provides for the exemption from HRA.

Q. What are condition to claim exemption?

A.  An employee must fulfill following conditions to avail exemption:-

He/she must stay in rented House during the period for which claiming exemption i.e. he/she does not stay in own house (property in his/her name)

He/she must have actually incurred expenditure for payment of rent.

Q. How shall exemption from HRA be calculated?

A.  Calculation of HRA exemption is regulated by the Rule 2A of the Income tax Rules, 1962 which says that minimum amount of the following three shall be exempt :-

(a)   Actual amount of HRA received,

(b)   Rent actually paid minus 10% of salary

(c)    50% of salary if stayed in Delhi/Mumbai/Chennai/Kolkata or 40% of salary if stayed in other place.

Q.  If HRA received during the Financial year is more than the least of amount calculated, what would be consequence?

A.  Excess amount shall be taxable and be treated as part of gross salary.

Q. What does mean by salary for the calculation of HRA exemption?

A.  It includes three components (i) Basic Salary, (ii)DA if considered for Retirement purposes and (iii)Commission forming part of Salary as a Fixed Percentage of Turnover achieved by the employee.

Q. What will happen if employee stayed in two places during the financial year?

A.  If he stays in two different places in same city, nothing will change however if he stay in different cities, it may affect if staying in Delhi/Mumbai/Chennai/Kolkat for one period and in other place for other period.

Q. What will happen if employee pays rent less than 10% of his salary?

A.  Whole of the HRA amount received will be taxable.

Q.  If place of stay is different from place of employment, how HRA exemption shall be calculated?

A.  The exemption must be calculated on the basis of the place where residential accommodation is situated because HRA exemption is for expenditure actually incurred for Rent even in relation the employment.

Q.  HRA exemption should be calculated on monthly basis or for whole of the year?

A.  Exemption is for the period in which rental expenditure actually incurred and rental accommodation is occupied by the employee during the financial year therefore if there is no change in place or rent paid during the year, it can be calculated for whole year but if there is a change in any of the two during the year then it must be calculated on monthly basis and for the month in which rental accommodation occupied by the employee.

Further calculation of HRA exemption depends upon Salary or HRA actually received also thus if there is any change in salary or HRA amount in the period it must be calculated separately for that period.

Q. If employee stay at parent house, can he claim exemption for HRA?

A.  Yes, if he paid the rent actually to his parent.

Q.  What will happen if employee is paying rent to his/her spouse?

A.  Relationship of husband-wife is not supposed to be commercial therefore it is better that no exemption should be claimed in such transaction.

Q.  Do employee need to submit any proof for payment of rent to claim HRA exemption?

A.  Payment of actual rent is pre requisite for claiming HRA exemption and Assessing Authority may ask for proof of payment at the time of regular assessment but employee drawing HRA upto Rs.3000/- per month shall be exempted from production of rent receipt while submitting his claim to employer.

Q.  Whether exemption of HRA is part deduction allowed u/s 80C?

A.  No, HRA exemption is different from deduction u/s 80C and it does not be included in the amount eligible for deduction u/s 80C.

Q.  Can an employee avail tax benefit of HRA and Home loan both together?

A.  Yes, Tax treatment of both is under different sections and both can be availed simultaneously.

Resource:-

(i) Section 10(13A) read with Rule 2A of the Income Tax Act,1961

(ii) Circular : No. 90 [F. No. 275/79/72-ITJ], dated 26-6-1972 by CBDT

(iii) Letter : F. No. 12/19/64- IT(A-I), dated 2-1-1967 By CBDT

(iv) Circular : No. 9/2003, dated 18-11-2003/[Para 5.2-(9)].

(v) CIRCULAR NO : 08 /2013 dated 10th Oct 2013

MOIL Limited Recruitment for Management Trainees (HR) 2012-13

Friends,

MOIL Limited, (A Government of India Enterprise), invites applications from eligible candidates for the Post of Management Trainee (HR). Formerly MOIL Limited was know as Manganese Ore (India) Limited.he vision of moil is to become one among the best manganese mining companies in the world, through utilization up gradation of skills/talents available and to globally expand the activities of the company in all possible areas keeping in view the value addition, through joint ventures/Technology Transfer.  The details are as under: 

I MANAGEMENT TRAINEE(HR) – 8 Posts ( 1 SC, 2 OBC and 5 OT)

i) Post Graduate degree in Social Work with specialization in Labour Welfare, Personnel Management Industrial Relations from a recognized University/Institution OR

ii) PG degree/ diploma (2 yrs.duration) in IR  PM/MLS from the recognized University/Institution OR

iii) MBA with specialization in Personnel Management/HR/HRD from the recognized University/Institution.

iv) Pref. will be given to Law Graduates

v). Age below 30 years (can be relaxed under Govt.guidelines)

vi). Training period : One year. During training period a consolidated amount of Rs.16400/- per month will be paid.

vii) On successful completion of the training and only after ascertaining their utility in the Company, the Management may regularize them in the regular pay scale of Rs.16400-40500/- ( E-01).

Desirous candidates may send their applications superscribing on the envelope `Application for the post of' for the above post, to the undersigned, along with detailed bio-data(proforma can be down loaded from our website www.moil.nic.in) and attested copies of Certificates and testimonials along with Demand draft for Rs.100/- (not required for SC/ST candidates) drawn in favour of MOIL Limited, Nagpur by

29th Oct.2012.

Candidates appear for interview for the above post will be paid to and fro railway fare of AC-III or bus fare (if trains not available),by nearest route for single person only (on producing proof).

General Conditions

• Only Indian Nationals need to apply. Mere submission of application will not entail right for claiming appointment.
• For the above post, age, qualification and experience would be as on last date of submission of applications.
• In support of age proof, candidates will have to submit T.C./ Matriculation/Secondary Board level certificates.
• In support of percentage of marks and experience, candidates will have to enclose attested copies by Gazetted Officer along with application.
• Candidates from Govt.Depts./PSUs must forward their applications through proper channel or they should produce NOC at the time of interview otherwise they will be treated to have agreed to forgo the benefits of carry forward of gratuity, leave salary and any future benefit for past service etc.
• Candidature will be liable for cancellation for the post applied and/or removal from the services of the Company after joining, if at any stage it is found that information furnished in the application is misleading/incomplete/false. The candidates are advised to give specific/correct/full information and attach proof thereof by way of attested photocopies of the original documents/certificates etc. Before making application, candidate must ensure that the minimum criteria laid down for the posts are fulfilled.
• The upper age limit indicated is for general category of candidates. Age relaxation for SC/ST/OBC/ physically challenged candidates will be as per Government guidelines in this regard. 8. Relaxation of standard in selection against reserved vacancies – if sufficient number of reserved category persons are not available on the basis of laid down general standards, the general standards would be relaxed suitably to fill up the reserved posts.
• SC/ST candidates should produce caste certificate issued from the Competent Authorities.
• OBC candidates applying for post reserved for OBC should not belong to `Creamy Layer’ and shall produce certificate from the Competent Authorities.
• Mere fulfilling the minimum requirement will not vest any right for selection test/interview. In case of overwhelming response, the Company reserves the right to shortlist the candidates by fixing revised eligibility criteria.
• The Management will not take any responsibility for any delay in receipt or loss in postal transit for any application or communication.
• In order to regulate the number of candidates to be called for the test and/or interview, if so required, the Management reserves the right to raise the minimum eligibility standards/criteria OR to relax the minimum eligibility standards/criteria including age limit in otherwise suitable candidates depending upon the response
• to the advertised posts.
• Merely meeting the above qualifications and experience shall not entitle a candidate to be called for interview. Only short listed candidates will be notified for Test and/or interview.The Management reserves the right to shortlist the candidates for interview.
• Depending on the requirements, the Company reserves the right to cancel/curtail/increase the number of posts without any further notice and without assigning any reason thereof.
• Canvassing in any form will disqualify the candidates from the candidature of the post.
• Departmental candidates who fulfills the above criteria can also apply for the above post, no age bar for them.
• Any amendment/modification to this will be given on MOIL Limited Website only (www.moil.nic.in).

LAST DATE OF RECEIPT OF APPLICATIONS: 29.10.12

Junior Engineers Recruitment in Rajasthan Power Sector Companies 2012-13

Friends,

Rajasthan Rajya Vidut Prasaran Nigam Limited ( A State Government Undertaking)  invites applications from eligible candidates for the post of Junior Engineer-I in various disciplines as mentioned below and in various Power Sector Companies of Rajasthan i.e. Rajasthan Rajya Vidyut Prasaran Nigam Ltd. (RVPNL),  Rajasthan Rajya Vidyut Utpadan Nigam Ltd. (RVUNL), Jaipur Vidyut Vitran Nigam Ltd. (JVVNL),  Ajmer Vidyut Vitran Nigam Ltd. (AVVNL), Jodhpur Vidyut Vitran Nigam Ltd.  (Jd.VVNL). Candidates are required to apply Online through any one of the websites mentioned above. No other means/mode of application will be accepted. The candidate should give his/her preference with regard to company(s) as per his/her choice. No second opportunity shall be given, for any change in preference, thereafter. Candidates are advised to apply for only one post since written competitive examination for all the posts will be held concurrently, therefore they will  be able to appear in the examination for only one post. Candidates are required to have a valid personal email ID. It should be kept active during the currency of this recruitment. The company may send call letters for written test, verification of documents etc. through the registered email ID. Under no circumstances, he/she should share/ mention email ID to/ or of any other person.  Applicants are first required to go to the web-site www.rvpn.co.in OR www.rvunl.com OR www.jaipurdiscom.in OR www.avvnl.com OR www.jdvvnl.com and open the link 'Recruitment'. Thereafter, open the Recruitment Notification.  The details are as under : 

Name of Post : Junior Engineer - I 

Age Limit  : 21-35 years

Remuneration/Salary :  Selected Candidates will be initially engaged as "Probationer Trainee" for a period of two years and during the period of Probation Training they will be paid fixed remuneration @ Rs. 10000/- per month. After successful completion of probation training period, they will be fixed in the Running Pay Band of Rs. 9300-34800 with Grade pay of Rs. 3200/-

Disciplines : 

• Electrical : 920 posts 
• Mechanical : 47 posts
• Civil : 50 posts
• PLCC/Control and Instrumentation : 15 posts
• Fire Fighting : 15 posts

Application Fee : Rs.1000/- (Rs.500/- for SC/ST/OBC/BC /SBC/PH) to be paid in any branch of State Bank of Bikaner and Jaipur through Fee Payment Challan.

Date of Written Competitive Examination : 18/11/2012- (Sunday Afternoon Session)

How to Apply : Interested candidates have to apply On-line through the link provided on the official website. After applying take a print of the entire Recruitment Notification, including the 'FEES PAYMENT CHALLAN' .

• Fill in the Fee Payment Challan in a clear and legible handwriting in BLOCK LETTERS and deposit the prescribed application fee in "SBBJ Power Jyoti Account No. 61113250483" of Nigam in any of the branch of the State Bank of Bikaner and Jaipur.
• Obtain the counterfoil (Applicant's Copy) of the Fee Payment Challan duly received by the Bank with (a) Branch Name and Code Number (b) Transaction ID/Journal No (c) Date of Deposit and Amount filled by the Branch Official.
• Candidates are now ready to apply Online by re-visiting the Recruitment Page of the website and going to the sub link titled "Online APPLICATION FOR RECRUITMENT FOR JEN-I 2012". Click on this sub link will open up the appropriate Online Application Format.
• Carefully fill in the necessary details from the Fee Payment Challan in the Online Application Form at the appropriate places, upload scanned photograph and signature as per instructions contained in enclosed Annexure-I and submit the same Online.
• The candidates should take a printout of the online application and preserve it with them for their record and should not be sent at the Nigam?s address or any other address. The application printout will have to be submitted at the time of document verification along with the attested copies of certificates in support of Age, Qualification, Caste, Domicile, Non Creamy Layer, Number of children, Physical disability, Marriage registration certificate, in case of widow death certificate of her husband, in case of divorcee decree of court, as applicable.
• Candidates will have to download the call letter from website by entering registration number and password. Candidates will be intimated about the same by email/sms. Physical call letters will not be sent by post.
• The name of the candidate or his/ her father/ husband etc should be spelt correctly in the application as it appears in the certificates/ mark sheets of Secondary School Exam. Any change / alteration found may disqualify his/her candidature.

Candidates having registration in Manpower Planning Department, Rajasthan or Employment Exchanges shall also be required to apply through the same procedure.

Important Dates : 

• Date of Commencement of Application : 27/09/2012
• Date of Closure : 13/10/2012
• Start Date for Fee deposit : 26/09/2012
• Last Date for Fee deposit : 13/10/2012
• Last Date for Reprint: 28/10/2012

For more information Download Advertisement

Recruitment Portal of JVVNL

Points to remember to claim HRA Tax Exemption

Friends,

The seasonal mad frenzy surfaces from time to time. Most often towards the end of every financial year or in the beginning of the year, when we think of tax planning, certain doubts and queries about the various tax components play havoc on our minds. To put some of those queries to rest, here, we take up for discussion the tax exemption you can claim from your house rent allowance, which is part of the mix.

Here some queries that lend clarity to the HRA aspect.

1. How is HRA accounted for in the case of a salaried individual and a self employed professional?

HRA (House Rent Allowance) is accounted for in the case of salaried people under Section 10 (13A) of Income Tax Act, 1961, in accordance with rule 2A of Income Tax Rules. On the other hand, self employed professionals cannot be considered for HRA exemption under this act, as they do not earn a salary. However, they can claim benefits on the house rent expenses incurred under section 80GG, which resembles section to 10(13A) but is subject to certain conditions.

2. What are the dependent factors in calculating HRA for the salaried individual?

When you are calculating HRA for tax exemption you take into consideration four aspects which includes salary, HRA received, the actual rent paid and where you reside, i.e. if it is a metro or non-metro. If these aspects remain constant through the year, then tax exemption is calculated as a whole annually, if this is subject to change, as in a rent hike, pay hike or shift in residence etc. then it is calculated on a monthly basis. It is usually rare for all the values to remain constant in a financial year.

The place of residence is significant in HRA calculation as for a metro the tax exemption for HRA is 50% of the basic salary while for non-metros it is 40% of the basic salary. This holds true especially when you work at a metro and reside at a non-metro. In this case, your city of residence only will be considered for calculating your HRA.

3. Can I pay rent to my parents or spouse to avail HRA benefits?

You can pay rent to your parents, however, they need to account for the same under’Income from House property’ and will be entitled to pay tax for the same.

On the other hand, you cannot pay rent to your spouse. In view of the relationship when you take up residence together, you are expected to do so and hence such a transaction does not bear merit under tax laws. Sham transactions can only spell trouble under scrutiny, so steer clear of these.

4. Do I need to submit any proof for my HRA claim?

You need to submit proof of rent paid through rent receipts, for which only two need to be submitted, one for the beginning of the year and one towards the end of the financial year. It should have a one rupee revenue stamp affixed with the signature of the person who has received the rent, along with other details such as the rented residence address, rent paid, name of the person who rents it etc.

5. How do I calculate my HRA?

To figure out how much HRA exemption you are eligible for, consider these three values which includes:

a. The actual rent allowance the employer provides you as part of your salary,

b. the actual rent you pay for your house from which 10% of your basic pay is deducted,

c. 50% of your basic salary when you reside in a metro or 40% if you reside in a non-metro.

The least value of these three values is allowed as tax exemption on your HRA. You can discuss restructuring your pay structure with your employer in order to avail the most of your HRA tax benefit.

Here is a sample illustration for your understanding:

Sunitha earns a basic salary of Rs 40,000 per month and rents an apartment in Delhi for Rs 20,000 per month (hence eligible for a 50% of the basic pay for HRA exemption). The actual HRA she receives is Rs 25,000.

These values are considered to find out her HRA tax exemption:

a. Actual HRA received, i.e. Rs 25,000,

b. 50% of the basic salary, i.e. Rs 20,000, and

c. Excess of rent paid over 10% of salary, i.e. Rs 20,000 – Rs 4,000 = Rs 16,000

The value considered for her actual HRA exemption will be the least value of the above figures. Hence, the taxable HRA amount for Sunitha per month will be Rs. 25,000 – 16,000 (available HRA deduction) = Rs. 9,000.
HRA Calculator Excel available here
HRA Exemption calculation Must be done yearly,monthly or otherwise?


6. Can I simultaneously avail tax benefits on my home loan and HRA?

The tax benefits for home loan and HRA are two separate entities and have no direct bearing on each other. As long as you are paying rent for an accommodation, you can claim tax benefits on the HRA component of your salary, while also availing tax benefits on your home loan. This could be the case if your own home is rented out or you work from another city etc. However, you need to account for any rental income you receive from the property you own under income from other sources.