Peloton slashes over 500 jobs as part of its turnaround strategy after massive loss – Economic Times

The Department of Personnel and Training (DoPT) has issued a series of FAQs that may be useful when the responsible authorities issue Income & Asset Certificates to candidates. DoPT issued the FAQs on September 19, 2022.
There is a provision for 10% reservation for economically weaker sections (EWSs) in direct recruitment to civil posts and services in the Central Government, who are not covered by the reservation plan for SCs/STs/OBCs. In addition to the asset test, individuals must be classified as EWSs in order to qualify for reservation benefits if their family’s gross yearly income is less than Rs 8.00 Iakh (Rupees eight lakh only).
Income for this purpose includes earnings from all sources, such as salaries, businesses, professions, and income from agriculture for the fiscal year prior to the year of application. Gross income that has been taken into account for income tax purposes will be the income used for this purpose.
As per Para 4.1 of DoPT O.M. No. 36039/1/2019-Estt.(Res.), dated 31.01.2019, apart from asset holding test, persons whose family has gross annual income below Rs 8.00 Iakh (Rupees eight lakh only) are to be identified as EWSs for benefit of reservation. Income for the purpose shall include income from all sources i.e. salary, agriculture, business, profession, etc. for the financial year prior to the year of application. The income for this purpose will be. gross income taken into account for the purpose of Income Tax.

If one’s gross salary is Rs10 lakh but as per income tax return total income is Rs.6 lakh. Can a candidate apply for Income and Asset certificate?It is always calculated on gross salary/gross income.
(Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.)
Download The Economic Times News App to get Daily International News Updates.
ETPrime stories of the day

Trending Now
Popular Categories
Hot on Web
In Case you missed it
Top Calculators
Top Searched Companies
Top Definitions
Top Commodities
Top Prime Articles
Top Story Listing
Top Slideshow
Top Trending Topics
Top Videos
Private Companies
Popular Articles
Most Searched Articles
Trending Articles
Find this comment offensive?
Choose your reason below and click on the Report button. This will alert our moderators to take action
Reason for reporting:
Your Reason has been Reported to the admin.
Log In/Connect with:
Will be displayed
Will not be displayed
Will be displayed
Stories you might be interested in


Leave a Comment