Filling of Income Tax calculation Statement for the year 2011-2012

PONDICHERRY  UNIVERSITY
FINANCE AND ACCOUNTS
       
K. CHANDRAMORTHY, B.COM., FCA,                                       R.V. Nagar, Kalapet
        Deputy Registrar ( F & A)                                                Puducherry – 605 014  

  Ref. PU/Fin A13/IT/2011-12/                                                            Date: 06/09/2011

C I R C U L A R

Sub:  Filing of Income Tax calculation Statement for the year 2011-2012 
          by the Faculty members, Officers, and Staff of this University- Reg.
* * * * *

            The Income Tax calculation statement is to be submitted by all the staff members of the University whose annual gross total income is expected to cross one lakh eighty thousand rupees in case of male members, one lakh ninety thousand rupees in case of female members during the financial year 2011-12 and Rs.2,50,000/- in the case of Senior Citizen with 60 years and above but less than 80 years.  An Income Tax calculation statement proforma along with instructions for filling up the statement can be down loaded from the University website(e-circular) The PAN number should be necessarily filled at the Part-A of Income Tax statement form.  Without PAN Number,   IT calculation statement   will be returned to the individuals immediately.

            For availing of the various deductions under Income Tax Act the relevant instructions and the time schedule attached herewith is to be strictly adhered to by all the assesses.  While furnishing the Income Tax calculation statement relevant   proofs for Savings/Investments made including rent receipt have to be attached.  Any incomplete statement without relevant proofs as per the instructions for claiming the deductions will not be considered.  Also in case of failure to comply the time schedule given in the instructions for filling the Income Tax statement, the Finance and Accounts section will be compelled to calculate and deduct Income Tax for these assessees on the basis of the information available with the University.  Income Tax as per the University’s calculation will be recovered from such assessees from salary payable during October 2011 to February 2012.  To avoid problems in finalizing the Income Tax, we strictly impose deadline  to submit the IT   calculation statement by 14th October 2011 failing which the salary for the month of October 2011 will be withheld without any further communication.  It may be ensured that while submitting the statement itself proofs for savings/investments made should be furnished.  The statement along with the relevant proofs may be submitted to the Section Officer (Salary) of the Finance & Accounts Section on or before 14th October 2011.  The statements received without proofs would be returned immediately or the amount will not be considered for Tax deduction.

            In case of faculty members and Non Teaching staff members who have joined Pondicherry University service in the middle of the Financial year 2011-12 from any previous employment, it is enough to provide the income particulars which they received after joining the Pondichery University.  They should not include the income received from previous employer.  The same may be included in the Income Tax return to be furnished to the Income Tax Department.

            To avoid any complication in this regard all the assessees are hereby requested to cooperate with the Finance and Accounts section  strictly by adhering to the instructions and by keeping up the time schedule which would facilitate them to discharge this important obligation of Income Tax remittance smoothly.

DEPUTY REGISTRAR (F&A)

To:
All Teaching/ Non-Teaching Staff.               

Copy to:

1. The AR  O/o the Vice-Chancellor for kind information of  VC.
2. The PS to Director – for kind information of Director.
3. The PS to FO – for kind information of Finance Officer.
4. The AR O/o the Registrar – for kind information of Registrar.

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