List of officials selected in Group-B exam

IP Line Official (19%)

Vacancy: OC 21, SC 03, ST 02 Total 26

Selected: OC 21, SC 03, ST 02 Total 26

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List of officials selected

Sl. No.	Name of the candidate Shri/Smt./Ms	Roll No.	Total marks secured out of 400	Remarks/ Circle to which belongs
1	M L Dhar	JK/Gr.B/IPO-04/2009	322	J & K
2	M Sudhakar Mallya	KN/PS-09/IP/48	320	Karantaka
3	M Jayantha Kumar	KN/PS-09/IP/18	317	Karantaka
4	S Krishnamoorthi	TN/GRB/52/IP/09	313	Tamilnadu
5	Md. Jaffar Sadik	AP/GR B/041/2010	312	Andhra Pradesh
6	J Samuel Jawahar Raj	TN/GRB/40/IP/09	310	Tamilnadu
7	T V Sundari	TN/GRB/20/IP/09	308	Tamilnadu
8	V P Chandrasekhar	TN/GRB/22/IP/09	308	Tamilnadu
9	T Rajasekaran	TN/GRB/59/IP/09	307	Tamilnadu
10	S A Mujeeb Basha	TN/GRB/43/IP/09	306	Tamilnadu
11	Anil V Joshi	KN/PS-09/IP/17	304	Karantaka
12	Satyabadi Biswal	OR/PS Gr.B IP Line-21/2009	303	Odisha
13	Sayyad Fayaj Babamiya	MH/58/Gr.B/2009	302	Maharastra
14	T Saharaju	TN/GRB/73/IP/09	302	Tamilnadu
15	Radhakisan K Rakate	MH/58/Gr.B/2009	301	Maharastra
16	L Mohanan Achary	K/PS-03/10	300	Kerala
17	P Suseelan	K/PS-28/10	300	Kerala
18	C Karuppasamy	TN/GRB/43/IP/09	299	Tamilnadu
19	B Chandrakanth Kamath	KN/PS-09/IP/58	298	Karantaka
20	T A V Sarma	AP/GR B/076/2010	297	Andhra Pradesh
21	E Durairajan	TN/GRB/73/IP/09	295	Tamilnadu
22	R Santhakumar	TN/GRB/13/IP/09	289	SC/ Tamilnadu
23	K Venkatachalam	TN/GRB/16/IP/09	285	SC/ Tamilnadu
24	M Sriraman	TN/GRB/04/IP/09	281	SC/ Tamilnadu
25	G M Ramalingam	TN/GRB/08/IP/09	266	ST/ Tamilnadu
26	A Karagappa	KN/PS-09/IP/63	265	ST/ Karantaka

General Line (6 %)

Vacancy: OC 25, SC 06, ST 02 Total 33

Selected: OC 02, SC 03, ST 00 Total 05

Unfilled: OC 23, SC 03, ST 02 Total 28

List of officials selected

Sl. No.	Name of the candidate Shri/Smt./Ms	Roll No.	Total marks secured out of 400	Remarks
1	S Mahammed Basha	AP/GL/GR B/07/2010	273	Andhra Pradesh
2	K Kanaka Ratna Rao	AP/GL/GR B/05/2010	238	Andhra Pradesh
3	R Chidambaram	TN/GR B/10/GL/09	237	SC/Tamilnadu
4	V Raju	AP/GL/GR B/04/2010	222	SC/ Andhra Pradesh
5	P Gurunathan	TN/GR B/10/GL/09	209	SC/ Tamilnad

MONTHLY INCOME SCHEME-HIGHLIGHTS OF THE SCHEME

1. WHO CAN OPEN THE MIS ACCOUNT
An Individual can open this account
A. On his own name.
B. With other one or two individuals jointly.
C. Guardian On behalf of minor.
D. A minor who have completed the age of 10 years.
2. Amount of Deposit.
A. Account can be opened with minimum of Rs 1500/- or in multiple of Rs 1500/-
B. Maximum amount of Deposit in single account is Rs 4,50,000/- and Rs 9,00,000/- in joint account.
C. A declaration regarding non deposit of excess amount in MIS Accounts is necessary.
3. Maturity period of account.
A. Maturity period of account is 6 years.
4. Premature closer of Account.
A. Account can be closed after expiry of one year. Subject to following condition.
1. 2% of Deposit amount will be deducted from principal if an account closed after one year but before expiry of three years.
2. 1% of Deposit amount will be deducted from principal if an account closed after expiry of three years.
3. If account to be closed prematurely due to death of Depositor there will be no deduction from principal amount.
5. INTEREST
A. Rate of interest is 8%.
B. Interest is payable on the monthly basis.
C. First monthly interest is payable on the date of deposit in next month.
D. If the due date of interest is a Sunday or holiday interest is payable on previous day.
E. Monthly Interest can be credited to the Savings Bank account if applied.

6. BONUS
1. Bonus is payable after expiry of 6 years from the date of deposit @10% of deposit for accounts opened before
11-02-06 and @5% of deposit for accounts opened on or after 08-12-2007. No bonus is payable for accounts opened during 12-02-06 to 07-12-2007.

TAX EXEMPTION ON GRATUITY

The government has hiked the limits of gratuity payment from Rs 3.5 lakhs to Rs 10 lakhs. This enhanced limit is applicable to employees who retire, become incapacitated before retirement, expire or whose services were terminated on or after May 24, 2010. As per Section 10(10) of Income Tax Act, gratuity is paid when an employee completes five or more years of full-time service with the employer. In respect of government employees, any death-cum-retirement gratuity received under the pension rules or scheme of the central or state government, or regulations applicable to the members of defence services, is not taxable. In case of gratuity received under the Gratuity Act, 1972, any gratuity received to the extent that it does not exceed an amount calculated in accordance with the provisions of the Gratuity Act is not taxable. For employees receiving gratuity other than under the government pension or gratuity scheme and also other than under the Payment of Gratuity Act, the computation mechanism in respect of exemption limits has been specified in the IT Act. The Central Board of Direct Taxes (CBDT) has issued a notification increasing the overall tax exemption to Rs 10 lakhs. The gratuity received by an employee is not taxable if it is received on his retirement, his becoming incapacitated prior to such retirement, termination of employment or if such gratuity is received by his widow, children or dependants on his death. Further, such gratuity does not exceed one-half month's salary for each year of completed service, calculated on the basis of the average salary for 10 months immediately preceding the month in which such retirement or death takes place, subject to the limits prescribed by the central government. Salary for this purpose includes dearness allowance, but excludes all other allowances and perquisites. Also, as per some judicial precedents, completed service would mean a total period of service whether under one employer or more. In case any such gratuities are received by an employee from more than one employer in the same financial year, the aggregate amount so exempt should not exceed the overall exemption limit. Similarly, if gratuities were received in one or more financial years, the exempt amount claimed earlier has to be taken into account while computing the exemption at present.