Railway Accounts Department Examinations

Saturday, March 31, 2018

Question paper Codes OF 2016 APPENDIX3 EXAMINATION


Question paper Codes OF 2016 APPENDIX3 EXAMINATION
Ø  You will be perplexed/confused to see the Code on Question paper instead of Subject name. 

Ø  Here is the small attempt to decipher/decode the Codes appear in the Question paper to find the Subject.

Ø  The codes are changed from year to year.  So this arrangement  is applicable to 2016 year Appendix3 examination only.  
Appendix 3 Exam Codes -2016 year

Subject
Code
First letter
(Alphabetical)
Code
Second letter
(First letter of Subject)
Code Third letter
X-With Books
Y-With out Books
Full Code
Advanced Commercial Book Keeping
Without Books
A
B
Y
ABY
General Rules & Procedures
Without Books
B
G
Y
BGY
Books & Budget
With Books
C
B
X
CBX
Books & Budget
Without Books
C
B
Y
CBY
Traffic Accounts
With Books
D
T
X
DTX
Traffic Accounts
Without Books
D
T
Y
DTY
COS procedures
With Books
E
C
X
ECX
 COS procedures
Without Books
E
C
Y
ECY
Est & PF Accounts
With Books
F
E
X
FEX
Est & PF Accounts
Without Books
F
E
Y
FEY
Stores Accounts
With Books
G
S
X
GSX
Stores Accounts
Without Books
G
S
Y
GSY
Traffic stat & Traffic Books
With Books
H
T
X
HTX
Traffic stat & Traffic Books
Without Books
H
T
Y
HTY
Station Accounts
With Books
I
S
X
ISX
Station Accounts
Without Books
I
S
Y
ISY
Workshop Accounts
With Books
J
W
X
JWX
Workshop Accounts
Without Books
J
W
Y
JWY
General Expenditure
With Books
K
G
X
KGX
General Expenditure
Without Books
K
G
Y
KGY


&&&&&


HBA - House Building Advance


HBA – House Building Advance

·         Significant changes were made in the HBA for Govt employees due to acceptance of 7th Pay Commission.
·         Here are some important changes compared to previous rules

SN
Item
6th PC
7th PC
1
Maxmimum HBA Amt
7.5 Lakhs
25 Lakhs
2
Interest Rate
8.5%
6% to 9.5% for different slabs
3
Expansion of House
1.8 lakhs
10 lakhs
4
Cost ceiling limit of the House
30 Lakhs
100 Lakhs ( with a proviso of upward revision of 25% in deserving cases i.e., up to 125 Lakhs)
5
If both spouses are Govt employees
Only one spouse is eligible
Both spouses are eligible either jointly or separately
6
Provision of 2.5% higher interest rate above the prescribed rate
Existed
Withdrawn

Salient features of HBA (after 7th PC)

·         HBA amount: Least of Rs. 25 Lakhs or 34 months basic pay or cost of House/Flat or Repaying capacity.

·         Expansion of House:  Least of Rs.10 Lakhs or 34 months Basic pay or cost of expansion or repaying capacity.

·         Cost ceiling limit of the House  - Rs.1 Crore ( with a proviso of upward revision of 25% in deserving cases i.e., Rs.1.25 Crores)

·         Both spouses, if they are Govt employees are now eligible for HBA either jointly or separately.

·         Migration:  Provision of migration of existing Housing loan from financial institutions/Banks to HBA is existed.

·         Second Charge:  Availing Second Charge on the house for taking loans to fund balance amount from Banks/financial institutions has been simplified. No Objection certificate will be issued along with the sanction letter of HBA, if employee applied.

·         Simple interest rate 8.5%

·         HBA is admissible to an employee once in a life time.


·         Penalty provision (for not complying the conditions)  of 2.5% (higher rate of interest) is withdrawn

·         Recovery of HBA:  Principle in 180 months (15 years) and Interest in 60 months (5 years)

·         The House/flat can be insured with the private insurance companies which are approved by IRDA – Insurance Regulatory Development Authority.  

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Tuesday, March 27, 2018

CEA - Children Education Allowance

CEA - Children Education Allowance

 

Clickfor Board's letter 114/2018

 

·         The Children Education allowance was introduced w.e.f. 1-9-2008 on the basis of the recommendation of 6th CPC.

 

·         7th Pay Commission revised the rates of CEA w.e.f 01.07.2017

 

 

Normal children

Differently abled children

CEA

Rs. 2,250 per month (Rs. 27,000 per year)

Rs. 4,500  per month (Rs.54,000 per year)

Hostel Subsidy

Rs. 6,750 per month ( Rs.81,000 per year)

Rs. 13,500 per month (Rs.1,62,000 per year)

 

·         The CEA and Hostel Subsidy can be claimed concurrently.

 

 

·         The rates will be double for differently abled children

 

·         The above rates would be automatically raised by 25 %  - If the DA- Dearness Allowance goes up by 50 %

 

·         Reimbursement  - allowed once a year (not like every quarter in 6th PC)

 

·         The period year means Academic Year i.e., 12 months of complete academic session.  

 

·         Upper Age limit :  Normal children – 20 years and Divyaang children  - 22 years

 

 

·         To be claimed - only after completion of the financial year.

 

·         Biggest relief for claiming CEA is dispensing of producing fee receipts. A certificate from the Head of Institution will be sufficient for this purpose.

 

 

·         In case, both the spouses are Government servants, only one of them can avail the above allowances.

 

·         Admissible for classes from nursery to class XII only. (two years before class one).  

 

·         2 years diploma (polytechnic college /ITI/ Engineering college  - eligible.  Provided the child pursues the course after passing 10th standard and CEA and Hostel Susbsidy has not been granted to the child in respect of 11th class and 12th class.                                                                                     

·         Reimbursement is allowed to only the two eldest surviving children of the Government servant (exceptions: 1. When the 2nd child birth is results in multiple births 2. The 3rd child is born due to failure of sterilization operation. )

 

·         No nexus /connection between performance of the child in his class and reimbursement of CEA /Hostel Subsidy.  In other words, even if a child fails in a particular class, he is eligible for both i.e., CEA and Hostel Subsidy.

 

·         However, if child is admitted in the same class in another school, though the child has passed out of the same class in previous school or in mid session  - CEA shall not be reimbursable.

 

·         Retirement, Death, dismissal, removal cases:  CEA & Hostel Subsidy shall be eligible till the end of the academic year in which the servant ceases to be in service.

 

Hostel Subsidy:

 

1.       Applicable only – minimum of 50 kms distance from the residence of the employee.

2.       In addition to the Certificate for Institution, a certificate should mention the amount of expenditure towards lodging and boarding in the Hostel is required.  The amount of actual expenditure mentioned or Rs.6750 per month (Rs.81000 per year) whichever is lower shall be paid.   

3.       Hostel subsidy is 3  times more than CEA.

 

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