ALL
INDIA BANK OFFICERS' ASSOCIATION
ALL
INDIA BANK OFFICERS' CONFEDERATION (AIBOC)
ALL
INDIA BANK OFFICERS' ASSOCIATION
(AIBOA)
INDIAN
NATIONAL BANK OFFICERS' CONGRESS (INBOC)
NATIONAL
ORGANISATION OF BANK OFFICERS (NOBO)
24th
March,2014.
The
Chairman,
Indian
Banks Association,
MUMBAI.
/FAX
CONFIRMATION/
Sir,
REG:
SPECIAL
TAX COLLECTION DRIVE BY GOVERNMENT OF INDIA THROUGH BANKS.
We
have the confirmed information that the Government of India has
initiated the expeditious steps to collect the tax revenues from the
tax payers by providing special opportunity to pay the tax dues
through Banks on
29th,
30th
and 31st
March 2014,being the holidays declared by the State Governments in
consultation with the respective Regional Offices of Reserve Bank of
India under NI Act.
1.
The
taxpayers are aware of the payment of taxes on 15th September,2013 as
well as at the end of March 2014. They are
expected to plan the calendar and schedule of payment well in
advance. Having failed in their duties, the
Government of India is extending undue accommodation by
inflicting tremendous pressure on Bank Employees by making them to
work on three declared holidays.
2.
The
commission paid by the government per tax transaction is meagre
and it is certainly not sufficient to meet out the establishment
cost of running the branches for few tax payers. The Government
of India is linking the profitability of the banking system, while
deciding wage revision for the entire workforce handling this
assignment by the public sector bank is directly reflecting in the
earnings of the banks. The individual bank management may please be
advised to provide the number of challans collected by them and also
the revenue earned on account of this
collection to prove our point.
3 In
the States of Maharashtra, Karnataka, Tamilnadu and Andhra Pradesh,
the New Year falls on 31.03.2014. Making the workforce to work
on the holidays of religious importance shall adversely affect the
morale of the officer coupled with embarrassment in the family
circle.
4.
Further there are alternative channels available to the Tax payers,
which they should exercise to effect the payment of taxes.
5.
The
workforce, if made to work on three holidays, it would amount to nine
continuous working days against the settled principle of five
and half days per week with forty-two and half hours of working
hours. This is against the principle settled long ago .
6.
In view of the above cogent reasons, we are confident that IBA will
take appropriate steps to communicate to the concerned authorities in
the Government of India, lest, officers’ organisations shall
suitably advise the officers in this connection.
Yours
Faithfully,
(HARVINDER
SINGH)
(S.NAGARAJAN) (K.K.NAIR)
Dr.S.U.DESHPANDE
GENERAL
SECRETARY GENERAL SECRETARY GENERAL SECRETARY GENERAL SECRETARY
(AIBOC) (AIBOA) (INBOC) (NOBO)
(AIBOC) (AIBOA) (INBOC) (NOBO)
In Tamilnadu, it's a holiday for Ugadi which is a New Year day for the Telugus, Kannadigas (Ugadi for both) and Maharashtrians (Gudi Padwa). So, please correct the information provided by you. As regards compelling bank staff to work on holidays declared under N.I. Act, 1881 - without formally cancelling them - amounts to deceit and foolishness. How will one transaction done on a 'holiday' acquire a legal character and approval?
ReplyDeleteMoreover, while award staff receive 200% overtime wages, officers receive no compensation at all.
But, even if the managements come forward to offer some monetary compensation, making someone to work on holidays much against one's wish - that too on festival days (last year, it was Good Friday and this year, it is Ugadi/Gudi Padwa) is absolute madness and inhuman. You may read several articles published on this topic in "All Banking Solutions.Com" last year. This matter has been discussed threadbare.
The outgoing FM wants to show more tax collections before 31st March, 2014. Another point is as per Rule No.30 of Income Tax Act, 1961, tax deducted for income for the month of March, 2014 can be remitted to government's account on or before 30-04-2014. In other cases of TDS, tax to be deposited into government's account within 7 days from the end of the month in which such TDS is made. So, in the latter case, the time limit is 07-04-2014. Therefore, MOF cannot compel banks to remit their TDS collections before 07-04-2014 in any case.