• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Home
  • Allowances
  • Expected DA
  • CSD
  • DOPT
  • Pensioners Issues

CENTRAL GOVT EMPLOYEES NEWS

Quick updates for CG Staff and CG Pensioners

  • Holiday Homes
  • Holidays
  • Railway Board Orders
  • TA DA Rules

LATEST CENTRAL GOVERNMENT EMPLYOEES NEWS
Central Govt Holidays 2023 | Dopt Orders on Holidays 2023
38% DA Order for Central Govt Employees wef 01.07.2022 - Finmin Orders 2022
Revised Rates of HRA 27%, 18% and 9% from 01.01.2021 - Finmin Orders 2021
Central Government Holiday List 2022

LATEST CENTRAL GOVERNMENT PENSIONERS NEWS
OROP-2 Pension Revision Table 1 to 121 for Defence Pensioners wef 1.7.2019
Revised Rate 38% DR Order for Central Government Pensioners and Family Pensioners from 1.7.2022
Annual Increment Due on 1st July to the Employees Retiring on 30th June
Notional Increment on the Day of Superannuation
FR 56(j) of CCS (Pension) Rules age of 50 years or on Completion of 30 years of Service
Coverage under CCS (Pension) Rules CG employees appointment before and after 01-01-2004

COVID-19 Pandemic – Treatment of Payment and Reimbursement of Hospital Expenditure Made by the Bank Management – for Tax Purpose

March 2, 2021

Central Govt Holiday List 2023 PDF | Holiday Calendar 2023 India

COVID-19 Pandemic – Treatment of Payment and Reimbursement of Hospital Expenditure Made by the Bank Management – for Tax Purpose

  • Considering the fact that the reimbursement / payment of medial expense made by the bank to its employees / officers is towards the treatment charges made by the hospitals and that there is no profit element to the employees, we urge upon your good office to revisit the list of specified diseases and notify a revised list of specific diseases including COVID-19, which will certainly be of immense help to the affected employees and / or their families.

ALL INDIA BANK OFFICERS’ CONFEDERATION
(Registered under the Trade Unions Act 1926, Registration No.3427/Delhi)
6th Floor, E-Block, Samriddhi Bhavan, 1, Strand Road, Kolkata -700 001
c/o State Bank of India Officers’ Association (Bengal Circle)

Circular No. 2021/19

Date: 01.03.2021

Dear Comrade,

COVID-19 PANDEMIC: TREATMENT OF PAYMENT / REIMBURSEMENT OF HOSPITAL EXPENDITURE MADE BY THE BANK MANAGEMENT – FOR TAX PURPOSE

We reproduce hereunder the text of the joint communique from four officers’ organisations addressed to the Chairman, CBDT, New Delhi dated 01.03.2021 on the captioned subject for your information. Copy of the letter has also been sent to the Chairman, IBA and MD & CEOs of all banks.

With revolutionary greetings,

sd/-
(Soumya Datta)
General Secretary

ALL INDIA BANK OFFICERS’ CONFEDERATION (AIBOC)
ALL INDIA BANK OFFICERS’ ASSOCIATION (AIBOA)
INDIAN NATIONAL BANK OFFICERS’ CONGRESS (INBOC)
NATIONAL ORGANIZATION OF BANK OFFICERS (NOBO)

The Chairman,
Central Board of Direct Taxes,
North Block,
NEW DELHI – 110 002.

Date: 01-03-2021

Respected Sir,

COVID-19 PANDEMIC: TREATMENT OF PAYMENT / REIMBURSEMENT OF HOSPITAL EXPENDITURE MADE BY THE BANK MANAGEMENT – FOR TAX PURPOSE

At the outset, we, the four officers’ organisations viz. AIBOC-AIBOA-INBOC-NOBO, representing the entire fraternity of officers in the banking industry, convey our sincere gratitude to you for providing breathing time by extending time norms for various income-tax related activities as a solace to the tax payers against the backdrop of COVID-19 pandemic.

It is a well-known fact that bank employees and officers, being part of the country’s financial army, have been rendering uninterrupted and yeoman service from the front line and therefore have been exposed to the contagion. More than a lakh bank employees and officers and their family members have been affected by Coronavirus and many have succumbed to the deadly virus.

Sir, we wish to point out that the banks, as a part of industry wide bipartite settlement, are reimbursing the hospitalisation medical expenditure of employees within certain limits for the medical treatment taken by them from various hospitals for COVID-19 treatment. This reimbursement is of two types – direct payment to the hospital and reimbursement to the employee against relevant bills.

Any reimbursement of medical expenditure on account of hospitalisation is being classified into taxable and non-taxable income / perquisite for the employees. This classification is based on the specific diseases provided for in the Circular no. 747 dated 02.12.1996 issued by the Central Board of Direct Taxes. COVID-19 is not a part of the said list of specific diseases.

Consequently, the reimbursement of hospitalisation expenditure for COVID-19 being spent / reimbursed by the bank management to the employees is being classified as taxable.

Sir, it is a hard reality that the hospitals are charging hefty amounts for treating COVID-19 patients. It ranges from Rs.4.00 lakh to Rs.15.00 lakh depending on the severity of the disease. The employees are incurring huge amounts towards other related expenditure apart from the hospital bills. Unfortunately, after incurring such expenditure, many of our employees and their dependents did not survive.

Most of the senior officers / employees are in 30% tax slab and when the said reimbursement is added to their taxable income, they have to pay 30% of the said reimbursement amount as tax – ranging from Rs.1.20 lakh to Rs.5.20 lakh, even though there is no profit element or gain is there out of such payment / reimbursement of medical expenses made by the bank management.

The guidelines of CBDT about specific diseases are of 1996 and several new diseases have cropped up since then. Needless to emphasise, COVID-19 is one of the latest additions to critical diseases ever faced by the mankind.

Hence, considering the fact that the reimbursement / payment of medial expense made by the bank to its employees / officers is towards the treatment charges made by the hospitals and that there is no profit element to the employees, we urge upon your good office to revisit the list of specified diseases and notify a revised list of specific diseases including COVID-19, which will certainly be of immense help to the affected employees and / or their families.

We are certain that your good office will take a pragmatic and sympathetic view in the matter and issue necessary directives in this regard.

With regards,

Yours sincerely,

Sd /-
(Soumya Datta)
General Secretary
AIBOC

Sd /-
(Nagarajan S)
General Secretary
AIBOA

Sd /-
(Prem Kumar Makker)
General Secretary
INBOC

Sd/-
(Viraj Tikekar)
General Secretary
NOBO

No related posts.

ALLOWANCE NEWS

Revised Rate of DA from Jan 2023 at 37.2% to CPSE Employees for 2017 Pay Scales

Payment of DA from Jan 2023 at 201.2% to CPSE Employees for 2007 Pay Scales

408.4 Percent DA from Jan 2023 to CPSEs 1997 Pay Scales

Allowances Applicable to Central Government Employees – Dopt Order 2022

36% DR to Central Freedom Fighter Pensioners from 01-07-2022

GDS Latest News

Processing of Transfer Applications of GDS under Limited Transfer Facility through GDS Online Transfer Portal

November 29, 2022 By admin Leave a Comment

Processing of Transfer Applications of GDS – DoP

September 21, 2022 By admin 2 Comments

Review of the Scheme for Engagement of the Dependent of a Deceased GDS on Compassionate Grounds

June 7, 2022 By admin 1 Comment

34 Percent DA Order to GDS Employees wef 1.1.2022

April 12, 2022 By admin Leave a Comment

Revised GDS Online Engagement Process wef 4th Week of January 2022

January 24, 2022 By admin Leave a Comment

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar




Central Govt Employees News

7th CPC Pay Matrix Table for Central Government Employees
7th CPC Defence Pay Matrix Chart
7th Pay Commission Children Education Allowance
7th CPC House Rent Allowance
Bank Holiday List 2023 India
LIC Office Holiday List 2023
Central Government Holidays 2023 PDF
CGHS Holidays 2023
ESIC Holiday List 2023
Indian Customs Office Holiday List 2023
Tamil Nadu Government Holidays 2023 Order PDF
Central Government Employees Festival Advance
CGHS Hospital List 2023
DA Chart for CG Employees and Pensioners
DoPT Orders Circulars 2023
ECHS Empanelled Hospitals and Nursing Homes 2023
Freezing of Dearness Allowance and Dearness Relief
Holiday Homes List 2023
Indian Post Office Holiday List 2023
Indian Passport Office Holidays 2023
50 New Kendriya Vidyalaya in India
KV Summer Vacation 2022-23 | KVS Winter Vacation 2022-2023
Railway Board Orders 2023
Sainik School List in India 2023

DA LATEST NEWS 2022

Dearness Relief to Bank Pensioners for the period February 2023 to July 2023

DR to Pre 1986 Bank Retirees from February 2023 to July 2023

Bank DA Rate from Feb 2023 to April 2023 at 41.16% for Workmen and Officer Employees

AICPIN December 2022 | Expected DA from Jan 2023 Calculation Over

Revised Rate of DA from Jan 2023 at 37.2% to CPSE Employees for 2017 Pay Scales

FAQ on LTC Cash Voucher Scheme

LTC Cash Voucher Scheme Calculator
LTC Cash Voucher Scheme and Leave Encashment for Central Govt Employees
FAQ No 1 Special LTC Cash Package Scheme – 20.10.2020
FAQ No 2 Special LTC Cash Package Scheme – 10.11.2020
FAQ No 3 Special LTC Cash Package Scheme – 25.11.2020
FAQ No 4 Special LTC Cash Package Scheme – 10.03.2021
LTC Cash Voucher Scheme for Defence Armed Forces Personnel
Grant of 4 Times LTC Scheme Eligible for Fresh Recruits of Central Govt Servants




Recent Comments on KVS Admission 2022-23

  • admin on Linking of CGHS Beneficiary ID with the ABHA (Ayushman Bharat Health Account) ID
  • SGJOSHI on Linking of CGHS Beneficiary ID with the ABHA (Ayushman Bharat Health Account) ID
  • admin on AILTC of Current Block of 4 Years 2018-2021 Carry Over to the First Year of Next Block Availed within the Year 2022
  • Sanjay on AILTC of Current Block of 4 Years 2018-2021 Carry Over to the First Year of Next Block Availed within the Year 2022
  • admin on 7th CPC Annual Increment – Two Dates for Grant of Increment
  • Saurabh on 7th CPC Annual Increment – Two Dates for Grant of Increment
  • admin on Online booking of holiday home for central govt employees
  • SARWESHWAR SINGH on Online booking of holiday home for central govt employees
  • admin on AILTC of Current Block of 4 Years 2018-2021 Carry Over to the First Year of Next Block Availed within the Year 2022
  • Kiran on AILTC of Current Block of 4 Years 2018-2021 Carry Over to the First Year of Next Block Availed within the Year 2022

Copyright © 2023 - Central Govt Employees News - cgstaffportal.in - Log in