Rajya Sabha Q & A — on GDS designation etc

GOVERNMENT OF INDIA
MINISTRY OF COMMUNICATIONS
DEPARTMENT OF POSTS
RAJYA SABHA

UNSTARRED QUESTION NO.220 

TO BE ANSWERED ON 3RD FEBRUARY, 2017
CHANGING THE NAME OF POSTMAN AS POSTMASTER
†220. SHRI MOTILAL VORA:
Will the Minister of COMMUNICATIONS be pleased to state:
(a) whether Government has changed the designation of Postman distributing letters in villages to Postmaster;
 (b) whether this change in designation has been done only in the State of Rajasthan or it has been done at national level;
(c) whether it is a fact that the pay scale of Postmaster ranges from ` 4500 to ` 13,000;
(d) whether this pay scale remains even lower than that a Central fourth class employee; and
(e) if so, the steps being taken by Government to provide proper pay scale to Postmaster distributing mails from one village to another? 

ANSWER

THE MINISTER OF STATE (IC) OF THE MINISTRY OF COMMUNICATIONS &
MINISTER OF STATE IN THE MINISTRY OF RAILWAYS
(SHRI MANOJ SINHA)


(a) No, Sir. Gramin Dak Sevak Branch Postmaster (GDS BPM) or Gramin Dak Sevak Mail Deliverer distribute letters in villages.
(b) Does not arise in view of (a) above.
(c) No, Sir.
(d) Yes Sir. However, there is no comparison in the pay scales of these two cadres since Central fourth class (now termed as Multi Tasking Staff – MTS) are regular employees whereas Gramin Dak Sevaks are part-time sevaks.
(e) The allowances of Gramin Dak Sewaks are revised periodically as in the case of Central Pay Commission.
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How to claim tax benefit on tuition fees under Section 80C

Sending kids to school has an inbuilt tax advantage for the parents as the tuition fee qualifies for tax benefit under Section 80C of the Income Tax Act, 1961. The amount of tax benefit is within the overall limit of the section of Rs 1.5 lakh a year. 

For tax purposes, the fee (amount) reduces the total gross income, and thereby the tax liability. Say, you fall in the highest income slab and pay not only a 30.9 per cent tax rate, but also Rs 80,000 a year as schools fees, the tax saved would amount to Rs 24,720 in that year 

Here's how to get the maximum benefit out of tuition fees. 

Are all institutions eligible? 
Tuition fees paid at the time of admission or anytime during the financial year to any university, college, school or educational institution based in India qualifies for tax benefit. 

What kind of education? 
It has to be a full-time education, including any play school activities, pre-nursery and nursery classes. The institution can be either private or a government sponsored one. 

What is not covered? 
At times, parents have to make payments, other than tuition fees, to the educational institutions. Payments like development fees or donation or capitation fees, etc., are not covered and do not qualify for tax benefit. Also, if you haven't paid the fees on time, the applicable late fee paid will not be eligible. 

Tax benefit for how many children? 
The benefit applies for the fees paid for up to two children. So if a couple has four children, both can claim tax benefit as both have a separate limit of two children each. 

Which parent gets the tax benefit? 
The parent who makes the payment gets the tax advantage. If both parents are working and pay taxes, both can claim individually up to the amount of fees paid. 

If both are working and want to take the benefit under Section 80C for the amount paid by them respectively, they can do so. So if the fee paid is Rs 2 lakh, of which the father has paid Rs 50,000, while the mother has paid Rs 1.5 lakh, both can claim the amount individually as per the payment made by them. 

Conclusion 
As the upper limit for Section 80C tax benefit is Rs 1.5 lakh a year, see how much of that gets exhausted through tuition fees and then decide on further tax savers. While the tax benefit on tuition fees is incidental and helps you to save tax during the early days of your child's education, do not forget to create a long-term investment plan for his higher education. 

Estimate the amount needed for higher studies and create a savings plan towards that goal, preferably through SIPs in 3-5 equity diversified mutual funds scheme. To ensure that the goal is met, do buy adequate life cover, preferably through a pure term insurance plan.

Source : The Economic Times