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Administration Manual - B.E.S.T. Undertaking.

Administration Manual - B.E.S.T. Undertaking.

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income & permissible investment plans with examples for the<br />

information of staff.<br />

393<br />

Income tax Guidelines for the financial year 2004-2005 is re-<br />

produced below :<br />

Income Tax slip<br />

In the month of October a statement is issued to all staff members<br />

on the basis of actual income of 8 months upto October & assessed<br />

income of 4 months from November to February with details of Income<br />

Tax actually deducted upto October and the Income Tax yet to be<br />

deducted after giving rebate on proposed investments declared by an<br />

employee is revealed to enable the employee to make additional<br />

investments if necessary, to save Income Tax.<br />

Investment verification programme<br />

In the month of November a circular is issued mentioning<br />

verification of investment programme which is carried out depot to depot<br />

level from 1 st week of December to 15 th of January every year. During<br />

this programme investments made by staff members in NSC, PPF, LIC,<br />

Infrastructure bond in order to get rebate and as per the submitted<br />

declaration form is verified. For this, employee has to filled verification<br />

form as per enclosed format by mentioning the details of investment<br />

under various approved scheme mentioned above. These forms then

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