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ABOUT PAO GREF FREQUENTLY ASKED QUESTIONS
The Pay Accounts of all Officers / Personnel of GREF are maintained on the Individual Running Ledger Accounts (IRLA) on a fully computerised system. The IRLAs are closed quarterly as under -
Q.E. February
Q.E. May
Q.E. August
Q.E. Nov.
The Pay & Allowances for December / January / February months are accounted for in February quarter. The accounts are closed on the system during March and the quarterly statements generated &
dispatched during 1st Week of April. Similarly every quarter the accounts are closed in the month following the quarter and Quarterly Statement of Accounts (QSAs) generated as under :-
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Q.E.
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Closing in
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QSAs despatch in
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February
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March
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1st
week of April
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May
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June
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1st
week of July
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August
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September
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1st
week of Oct.
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Nov.
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December
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1st
week of Jan.
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ABOUT INCOME TAX
With effect from Fy. 2003-04 Income Tax Planning Declaration Forms have been introduced to streamline the correct recovery of Income Tax.
The forms are to be sent to PAO GREF to reach this office by 31st July every year indicating the proposed savings. The Income Tax recovery will accordingly be regulated wef. QE August based on the earnings / deduction available in the system & the proposed savings intimated through the ITPD form. However, the proofs of all proposed savings have to be sent to PAO Gref by 31-01 every year to finally work out the Income Tax recovery in QE. February.
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