PA/SA Examination will be conducted by SSC. Notification released,Last date for applying is 13/07/2015 and examination tentative date is 01/11/2015

Friday, July 3, 2015

PLI - RPLI - service tax calculation- Readyrecokner

Pay Commission may mull 2-3 times hike in

 govt salaries: BloomBerg TV News



7th+cpc+latest+news

The Seventh Pay Commission may present its report to the government by August so that salary hike can be implemented from January 2016 


New Delhi: The Seventh Pay Commission may recommend a 2-3 times hike in government salaries from 2006 levels, a move which may spread cheers among civil servants but increase the stress on the fisc.

Sources told Bloomberg TV India that Seventh Central Pay Commission (CPC) was considering mega give-away to the government employees. When the government implements the CPC mandate hopefully from January 2016, salary scale may double or treble from what it was in 2006, an official said. 

On an annual basis, the hike may be close to 30 per cent as consecutive hikes in dearness allowances has already raised the salary levels of government staff. 

Sources said there is likely to be a four-fold hike in the grade pay. In the lowest salary band, the grade pay is likely to go up from Rs 1,800 per month to Rs 7,300. In the higher bracket, it may go up from the current Rs 12,000 to Rs 50,000. 

Historically, government salaries have almost trebled in every decade. The sixth CPC suggested 3 times increase in salaries from that of fifth CPC levels--it was 2.6 times for lower grade officials and slightly above three times for higher grade staff. The increase in salary during fifth CPC was 3-3.5 times the fourth CPC levels. 

The previous UPA government set up the Seventh CPC headed by Justice AK Mathur in February 2014 and promised to implement the salary hike from January 2016. The Narendra Modi government may stick to the January deadline. The Seventh CPC may present its report to the government by August, sources said.

North Block officials say the wage bill in the next financial year may see a 30 per cent hike on the back of Pay Commission recommendation, throwing up a huge challenge in the face of the fiscal consolidation roadmap.

In the case of the sixth CPC, the government expenditure increased by about Rs 22,000 crore during FY09—Rs 15,700 crore on the general budget and Rs 6,400 crore on the rail budget. Arrears amounting to Rs 18,000 crore were distributed in two years—40 per cent in FY09 and 60 per cent in FY10.

The fiscal implication of sixth CPC coupled with fiscal stimulus in the form of higher spending and tax cuts after the Lehman crisis, doubled the Centre’s fiscal deficit to 6 per cent in FY09 and from less than 2.7 per cent in FY08.

Read at: Bloomberg TV

POSTMASTER GRADE I Examination books from
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Parliament panel wants doubling of pay, automatic pay revision mechanism for MPs

TNN | Jul 2, 2015
 
NEW DELHI: A parliamentary panel has recommended doubling the salary of law makers and also increasing pension of former MPs by almost 75%. The joint committee, which has submitted its recommendations to the government, has also proposed an automatic pay revision mechanism for parliamentarians like that of pay commission for government employees.
 
Sources said the panel has made a total of around 60 recommendations. "The committee has reasoned that the last revision of MPs salary happened in 2010 and they don't get any dearness allowance like that of government employees," said a government source.

At present, sitting MPs get monthly salary of Rs 50,000. The panel has also recommended that the daily allowance of Rs 2,000, which they get for attending the House during Parliament sessions should be increased substantially, sources said.

"The hike is overdue. Our daily expenses only for offering tea to visitors come to around Rs 1,000. Can we stop showing this little courtesy to electorates?" asked a sitting BJP lawmaker.



TOI has learnt that the panel headed by BJP MP Yogi Adityanath has recommended that former MPs should also be entitled for 20-25 free domestic air travel in a year and increase in pension from Rs 20,000 to Rs 35,000 per month.

 There is another recommendation that each sitting MP should get an additional free air conditioned first class railway pass for their companion, such as private secretary. At present, only the MPs and their spouses are entitled for first class AC travel. Moreover, there is a proposal that the MPs should get an amount equal to first class rail ticket, which is informally known as pocket money. Parliamentarians now get allowance equivalent to fare of one second class AC ticket.

Similarly, for air travel the panel has recommended that the allowance should be equal to one full ticket fare. Sources said some the recommendations are exorbitant and all issues would be looked into before taking any decision.

The panel has also reportedly batted for better facilities for MPs at airports where they can be facilitated. The committee has suggested that the health benefits that MPs get under the Central Government Health Scheme should be extended to their children and grand children as well.

Source :http://timesofindia.indiatimes.com/

Guidelines for grants to ATIs and SICs under the various components of the Centrally Sponsored Scheme on Improving Transparency and Accountability in government through effective implementation of Right to Information Acts for the year 2015-16

Dr. Jitendra Singh calls for use of self-attested certificates

The Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh has called for use of self - attested certificates since this has been approved by the Government of India for over last eight months. He was presiding over a review meeting of Department of Administrative Reforms and Public Grievances (DARPG), here today. Dr. Jitendra Singh has urged the State governments to encourage this practice and also appealed to the common people, particularly youth, to bear in mind that whenever they approach an office with documents, they should bring to the notice of the authorities that the Government of India now allows self attestation of certificates by the candidate himself.

Dr. Jitendra Singh informed that a circular to this effect had already been sent to the State governments and though most of the states have responded positively, yet in many cases, the information is still not fully percolated to the lower levels of administration. He said that introduction of self attested certificates was one of the most historic measures introduced by the Modi government soon after it took over. The decision was universally hailed both by administration as well as by public.

This revolutionary step not only lessened a lot of hardship faced by the youth applying for jobs or higher education but also conveyed a bigger symbolic message that the Modi government had the capacity to trust the youth of this country, he added.

Recalling from his personal experience, Dr. Jitendra Singh stated that he had personally been a witness to a number of hardships that the youth went through looking for a gazetted officer, a notary, etc., for attestation. Moreover, in certain remote areas of the country many a time, a gazetted officer or a notary was not readily available in the vicinity to perform the task of attestation, he added.

On occasions, there were also complaints that young aspirants had to shell out meager amount in their pockets for accomplishing the task of getting the huge pile of certificates attested. This is particularly ironic in the present age of high technology and biometric facility, he observed and added that in certain areas and departments, however, where statutory, legal or security nature are involved, the earlier practice of getting attestation from an authorised authority has nonetheless been allowed to carry on.

During the review meeting, an assessment was also made of the number of other recent initiatives by DARPG department which include introduction of a pension portal, "Jeevan Praman" initiative, "Anubhav" programme, biometrics and new methods for ease in governance. The Secretary DoPT, Shri Sanjay Kothari, the Secretary DARPG, Shri Alok Rawat and other senior officers of the Ministry of Personnel, Public Grievances & Pensions have participated in the meeting.
Source : PIB Release, 02.07.2015

Thursday, July 2, 2015


About banking liscence to India post

MANY NEWS ARE COMING ABOUT PAYMENT BANK LICENSE TO DOP, SO WE MUST KNOW WHAT WILL HAPPEN WHEN DOP WILL GET IT .HERE IS THIS INFO

       The Payments Bank will be set up as a differentiated bank and shall confine its activities to further the objectives for which it is set up. Therefore, the Payments Bank would be permitted to undertake only certain restricted activities permitted to banks under the Banking Regulation Act, 1949, as given below:

      Acceptance of demand deposits, i.e., current deposits, and savings bank deposits. The eligible deposits mobilised by the Payments Bank would be covered under the deposit insurance scheme of the Deposit Insurance and Credit Guarantee Corporation of India (DICGC). Given that their primary role is to provide payments and remittance services and demand deposit products to small businesses and low-income households, Payments Banks will initially be restricted to holding a maximum balance of Rs. 100,000 per customer. After the performance of the Payments Bank is gauged by the RBI, the maximum balance can be raised. If the transactions in the accounts conform to the “small accounts”1 transactions, simplified KYC/AML/CFT norms will be applicable to such accounts as defined under the Rules framed under the Prevention of Money-laundering Act, 2002.

Payments and remittance services through various channels including branches, BCs and mobile banking. The payments / remittance services would include acceptance of funds at one end through various channels including branches and BCs and payments of cash at the other end, through branches, BCs, and Automated Teller Machines (ATMs). Cash-out can also be permitted at Point-of-Sale terminal locations as per extant instructions issued under the PSS Act. In the case of walk-in customers, the bank should follow the extant KYC guidelines issued by the RBI.

Issuance of PPIs as per instructions issued from time to time under the PSS Act.

Internet banking - The RBI is also open to applicants transacting primarily using the Internet. The Payments Bank is expected to leverage technology to offer low cost banking solutions. Such a bank should ensure that it has all enabling systems in place including business partners, third party service providers and risk managements systems and controls to enable offering transactional services on the internet. While offering such services, the Payments Bank will be required to comply with RBI instructions on information security, electronic banking, technology risk management and cyber frauds.

Functioning as Business Correspondent (BC) of other banks – A Payments Bank may choose to become a BC of another bank for credit and other services which it cannot offer.

The Payments Bank cannot set up subsidiaries to undertake non-banking financial services activities. The other financial and non-financial services activities of the promoters, if any, should be kept distinctly ring-fenced and not comingled with the banking and financial services business of the Payments Bank.

The Payments Bank will be required to use the word “Payments” in its name in order to differentiate it from other banks.

DEPLOYMENT OF FUNDS

The Payments Bank cannot undertake lending activities. Apart from amounts maintained as Cash Reserve Ratio (CRR) with RBI, minimum cash in hand and balances with a scheduled commercial bank/RBI required for operational activities and liquidity management, it will be required to invest all its monies in Government securities/Treasury Bills with maturity up to one year that are recognized by RBI as eligible securities for maintenance of Statutory Liquidity Ratio (SLR). The Payments Bank will participate in the payment and settlement system and will have access to the inter-bank uncollateralised call money market and the collateralised CBLO market for purposes of temporary liquidity management.

CAPITAL REQUIREMENT


Since the Payments Bank will not be allowed to assume any credit risk, and if its investments are held to maturity, such investments need not be marked to market and there may not be any need for capital for market risk. However, the Payments Bank will be exposed to operational risk. The Payments Bank will also be required to invest heavily in technological infrastructure for its operations. The capital will be utilised for creation of such fixed assets. Therefore, the minimum paid up voting equity capital of the Payments Bank shall be Rs. 100 crore. Any additional voting equity capital to be brought in will depend on the business plan of the promoters. Further, the Payments Bank should have a net worth of Rs 100 crore at all times. The Payments Bank shall be required to maintain a minimum capital adequacy ratio of 15 per cent of its risk weighted assets (RWA) on a continuous basis, subject to any higher percentage as may be prescribed by RBI from time to time. However, as Payments Banks are not expected to deal with sophisticated products, the capital adequacy ratio will be computed under simplified Basel I standards.

As the Payments Bank will have almost zero or negligible risk weighted assets, its compliance with a minimum capital adequacy ratio of 15 per cent would not reflect the true risk. Therefore, as a backstop measure, the Payments Bank should have a leverage ratio of not less than 5 per cent, i.e., its outside liabilities should not exceed 20 times its net-worth / paid-up capital and reserves.

PROMOTER’S CONTRIBUTION

The promoter’s minimum initial contribution to the paid up voting equity capital of Payments Bank shall be at least 40 per cent which shall be locked in for a period of five years from the date of commencement of business of the bank. Shareholding by promoters in the bank in excess of 40 per cent shall be brought down to 40 per cent within three years from the date of commencement of business of the bank. Further, the promoter’s stake should be brought down to 30 per cent of the paid-up voting equity capital of the bank within a period of 10 years, and to 26 per cent within 12 years from the date of commencement of business of the bank. Proposals having diversified shareholding and a time frame for listing will be preferred.

FOREIGN SHAREHOLDING

The foreign shareholding in the bank would be as per the extant FDI policy.

Voting Rights And Transfer/Acquisition Of Shares

As per Section 12 (2) of the Banking Regulation Act, 1949, the voting rights in private sector banks are capped at 10 per cent, which can be raised to 26 per cent in a phased manner by the RBI. Further, as per Section 12B of the Act ibid, any acquisition of 5 per cent or more of voting equity shares in a private sector bank will require prior approval of RBI. This will also apply to the Payments Banks.

PRUDENTIAL NORMS

As the Payments Bank will not have loans and advances in its portfolio, it will not be exposed to credit risk and, the prudential norms and regulations of RBI as applicable to loans and advances, will therefore, not apply to it. However, the Payments Bank will be exposed to operational risk and should establish a robust operational risk management system. Further, it may face liquidity risk, and therefore is required to follow RBI’s guidelines on liquidity risk management, to the extent applicable.

BUSINESS PLAN

The applicants for Payments Bank licences will be required to furnish their business plans and project reports with their applications. The business plan will have to address how the bank proposes to achieve the objectives of setting up of Payments Banks. The business plan submitted by the applicant should be realistic and viable. Preference will be given to those applicants who propose to set up Payments Banks with access points primarily in the under-banked States / districts in the North-East, East and Central regions of the country. However, to be effective, the Payments Bank should ensure widespread network of access points particularly to remote areas, either through their own branch network or BCs or through networks provided by others. The bank is expected to adapt technological solutions to lower costs and extend its network. In case of deviation from the stated business plan after issue of licence, RBI may consider restricting the bank’s expansion, effecting change in management and imposing other penal measures as may be necessary.

CORPORATE GOVERNANCE

The Board of the Payments Bank should have a majority of independent Directors.

The bank should comply with the corporate governance guidelines including ‘fit and proper’ criteria for Directors as issued by RBI from time to time.

SOURCE :RBI
https://rbi.org.in/scripts/bs_viewcontent.aspx?Id=2857
Thanks to Ashutosh Kumar Kausha
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Quote of the Day July 2

Blessed are those who give without remembering and take without forgetting. - Elizabeth Bibesco

Expected DA hike from July 2015 is 6%

As already calculated in March, 2015 & April 2015 Expected DA/DR will be 119% with effect from July, 2015, it is now confirmed with 2 points increase in May, 2015 CPI-IW. As per press release issued on today by Labour Bureau the All India Consumer Price Index for Industrial Worker for the month May, 2015 increased by 2 points and pegged at 256. The 6% increase in future DA/DR from July, 2015 i.e. DA/DR will be 119% from July, 2015 is more confirm with this increase.

A 6 points increase in June, 2015 CPI-IW Index is needed to increase the above said calculation in expected DA/DR to 120% and the other side a 8 point decline in June, 2015 CPI-IW Index is needed to decrease the expected DA/DR to 118%. The 6 points increase and 8 point decrease is future CPI-IW index is not near to possibility.

Therefore, Dearness Allowance for Central Government Staff and Dearness Relief for Pensioners with effect from July, 2015 is likely to increase 6% and to be 119% the present DA/DR is 113%.
Source : sapost.blogspot.in

About Bank Licence TO Post Bank Of India

MANY NEWS ARE COMING ABOUT PAYMENT BANK LICENSE TO DOP, SO WE MUST KNOW WHAT WILL HAPPEN WHEN DOP WILL GET IT .HERE IS THIS INFO

       The Payments Bank will be set up as a differentiated bank and shall confine its activities to further the objectives for which it is set up. Therefore, the Payments Bank would be permitted to undertake only certain restricted activities permitted to banks under the Banking Regulation Act, 1949, as given below:

      Acceptance of demand deposits, i.e., current deposits, and savings bank deposits. The eligible deposits mobilised by the Payments Bank would be covered under the deposit insurance scheme of the Deposit Insurance and Credit Guarantee Corporation of India (DICGC). Given that their primary role is to provide payments and remittance services and demand deposit products to small businesses and low-income households, Payments Banks will initially be restricted to holding a maximum balance of Rs. 100,000 per customer. After the performance of the Payments Bank is gauged by the RBI, the maximum balance can be raised. If the transactions in the accounts conform to the “small accounts”1 transactions, simplified KYC/AML/CFT norms will be applicable to such accounts as defined under the Rules framed under the Prevention of Money-laundering Act, 2002.

Payments and remittance services through various channels including branches, BCs and mobile banking. The payments / remittance services would include acceptance of funds at one end through various channels including branches and BCs and payments of cash at the other end, through branches, BCs, and Automated Teller Machines (ATMs). Cash-out can also be permitted at Point-of-Sale terminal locations as per extant instructions issued under the PSS Act. In the case of walk-in customers, the bank should follow the extant KYC guidelines issued by the RBI.

Issuance of PPIs as per instructions issued from time to time under the PSS Act.

Internet banking - The RBI is also open to applicants transacting primarily using the Internet. The Payments Bank is expected to leverage technology to offer low cost banking solutions. Such a bank should ensure that it has all enabling systems in place including business partners, third party service providers and risk managements systems and controls to enable offering transactional services on the internet. While offering such services, the Payments Bank will be required to comply with RBI instructions on information security, electronic banking, technology risk management and cyber frauds.

Functioning as Business Correspondent (BC) of other banks – A Payments Bank may choose to become a BC of another bank for credit and other services which it cannot offer.

The Payments Bank cannot set up subsidiaries to undertake non-banking financial services activities. The other financial and non-financial services activities of the promoters, if any, should be kept distinctly ring-fenced and not comingled with the banking and financial services business of the Payments Bank.

The Payments Bank will be required to use the word “Payments” in its name in order to differentiate it from other banks.

DEPLOYMENT OF FUNDS

The Payments Bank cannot undertake lending activities. Apart from amounts maintained as Cash Reserve Ratio (CRR) with RBI, minimum cash in hand and balances with a scheduled commercial bank/RBI required for operational activities and liquidity management, it will be required to invest all its monies in Government securities/Treasury Bills with maturity up to one year that are recognized by RBI as eligible securities for maintenance of Statutory Liquidity Ratio (SLR). The Payments Bank will participate in the payment and settlement system and will have access to the inter-bank uncollateralised call money market and the collateralised CBLO market for purposes of temporary liquidity management.

CAPITAL REQUIREMENT


Since the Payments Bank will not be allowed to assume any credit risk, and if its investments are held to maturity, such investments need not be marked to market and there may not be any need for capital for market risk. However, the Payments Bank will be exposed to operational risk. The Payments Bank will also be required to invest heavily in technological infrastructure for its operations. The capital will be utilised for creation of such fixed assets. Therefore, the minimum paid up voting equity capital of the Payments Bank shall be Rs. 100 crore. Any additional voting equity capital to be brought in will depend on the business plan of the promoters. Further, the Payments Bank should have a net worth of Rs 100 crore at all times. The Payments Bank shall be required to maintain a minimum capital adequacy ratio of 15 per cent of its risk weighted assets (RWA) on a continuous basis, subject to any higher percentage as may be prescribed by RBI from time to time. However, as Payments Banks are not expected to deal with sophisticated products, the capital adequacy ratio will be computed under simplified Basel I standards.

As the Payments Bank will have almost zero or negligible risk weighted assets, its compliance with a minimum capital adequacy ratio of 15 per cent would not reflect the true risk. Therefore, as a backstop measure, the Payments Bank should have a leverage ratio of not less than 5 per cent, i.e., its outside liabilities should not exceed 20 times its net-worth / paid-up capital and reserves.

PROMOTER’S CONTRIBUTION

The promoter’s minimum initial contribution to the paid up voting equity capital of Payments Bank shall be at least 40 per cent which shall be locked in for a period of five years from the date of commencement of business of the bank. Shareholding by promoters in the bank in excess of 40 per cent shall be brought down to 40 per cent within three years from the date of commencement of business of the bank. Further, the promoter’s stake should be brought down to 30 per cent of the paid-up voting equity capital of the bank within a period of 10 years, and to 26 per cent within 12 years from the date of commencement of business of the bank. Proposals having diversified shareholding and a time frame for listing will be preferred.

FOREIGN SHAREHOLDING

The foreign shareholding in the bank would be as per the extant FDI policy.

Voting Rights And Transfer/Acquisition Of Shares

As per Section 12 (2) of the Banking Regulation Act, 1949, the voting rights in private sector banks are capped at 10 per cent, which can be raised to 26 per cent in a phased manner by the RBI. Further, as per Section 12B of the Act ibid, any acquisition of 5 per cent or more of voting equity shares in a private sector bank will require prior approval of RBI. This will also apply to the Payments Banks.

PRUDENTIAL NORMS

As the Payments Bank will not have loans and advances in its portfolio, it will not be exposed to credit risk and, the prudential norms and regulations of RBI as applicable to loans and advances, will therefore, not apply to it. However, the Payments Bank will be exposed to operational risk and should establish a robust operational risk management system. Further, it may face liquidity risk, and therefore is required to follow RBI’s guidelines on liquidity risk management, to the extent applicable.

BUSINESS PLAN

The applicants for Payments Bank licences will be required to furnish their business plans and project reports with their applications. The business plan will have to address how the bank proposes to achieve the objectives of setting up of Payments Banks. The business plan submitted by the applicant should be realistic and viable. Preference will be given to those applicants who propose to set up Payments Banks with access points primarily in the under-banked States / districts in the North-East, East and Central regions of the country. However, to be effective, the Payments Bank should ensure widespread network of access points particularly to remote areas, either through their own branch network or BCs or through networks provided by others. The bank is expected to adapt technological solutions to lower costs and extend its network. In case of deviation from the stated business plan after issue of licence, RBI may consider restricting the bank’s expansion, effecting change in management and imposing other penal measures as may be necessary.

CORPORATE GOVERNANCE

The Board of the Payments Bank should have a majority of independent Directors.

The bank should comply with the corporate governance guidelines including ‘fit and proper’ criteria for Directors as issued by RBI from time to time.

SOURCE :RBI
https://rbi.org.in/scripts/bs_viewcontent.aspx?Id=2857
Thanks to Ashutosh Kumar Kausha

Holiday Homes at Rameswaram Sir / Madam. and Puduchery in Tamil Nadu Circle.

Regarding obtaining of affidavit on “Diabetes” and “Hypertension” from PLI/RPLI proponents

 

Status of Cadre Review Proposal as on 30.06.2015

After approval from Secretary (Posts) and Secretary (Expenditure) Cadre review proposal of IPoS cadre is pending at Cabinet Secretariat. 

CLICK HERE to see the status of cadre review proposal of all departments. 

Parliament panel wants doubling of pay, automatic pay revision mechanism for MPs


Parliament panel wants doubling of pay, automatic pay revision mechanism for MPs


NEW DELHI: A parliamentary panel has recommended doubling the salary of law makers and also increasing pension of former MPs by almost 75%. The joint committee, which has submitted its recommendations to the government, has also proposed an automatic pay revision mechanism for parliamentarians like that of pay commission for government employees.

Sources said the panel has made a total of around 60 recommendations. "The committee has reasoned that the last revision of MPs salary happened in 2010 and they don't get any dearness allowance like that of government employees," said a government source.


At present, sitting MPs get monthly salary of Rs 50,000. The panel has also recommended that the daily allowance of Rs 2,000, which they get for attending the House during Parliament sessions should be increased substantially, sources said.

"The hike is overdue. Our daily expenses only for offering tea to visitors come to around Rs 1,000. Can we stop showing this little courtesy to electorates?" asked a sitting BJP lawmaker.

TOI has learnt that the panel headed by BJP MP Yogi Adityanath has recommended that former MPs should also be entitled for 20-25 free domestic air travel in a year and increase in pension from Rs 20,000 to Rs 35,000 per month.
proposed+pay+perks+mp


P A / S A Direct Recruitment to be held for the year 2015

Electronic Filing of Income Tax Returns for 2015-16 Commences

 ITR 1-Sahaj, 2 and 2A can be Used by Individuals or HUF Whose Income Does not Include Income from Business 
 
ITR 4S - SUGAM can be Used by an Individual or an HUF Whose Income Includes Business Income Assessable on Presumptive Basis 
 
Taxpayers Requested to E-File Their Returns Early to Avoid the Rush Closer to the Last Date of Filing.   
 
The Income Tax Department has released the software for preparing the Income Tax Return forms 1- SAHAJ, 2, 2A and 4S- SUGAM for AY 2015-16. The e-filing of these return forms has been enabled on the e-filing website-https://incometaxindiaefiling.gov.in 

ITR 1-SAHAJ, 2 and 2A can be used by individual or HUF whose income does not include income from business. ITR 4S - SUGAM can be used by an individual or HUF whose income includes business income assessable on presumptive basis. The elaborate details of the persons who can use these forms are available in the instructions for filling the forms. 

The facility for pre-filling of information for these return forms is available in the software for preparing the return forms. When the taxpayer exercises this option and just fills in his PAN, then personal information and information on taxes paid and TDS will be auto-filled in the form. Taxpayers are requested to use the return preparation software available free of cost under the ‘Downloads’ section on the home page of the Income Tax Department’s e-filing website-https://incometaxindiaefiling.gov.in. The use of Departmental software will ensure preparation of error-free returns thereby avoiding any need for future rectification due to data validation mistakes. 

Taxpayers are requested to e-file their returns early to avoid the rush closer to the last date of filing. 
Source : PIB