O/RMS Accountant Question Paper 2016 UP Circle held on 22.05.

2016
May 23, 20161comments
PO and RMS Accountant's Examination Paper- I & II 2017 TN Circle

May 28, 20170 comments

Accountant Examination Paper- I, 2017 TN
Circle : Download
 Accountant Examination Paper- II,  2017 TN
Circle : Download 
Paper I with Books
Part I

Q1 Calculate the pension retirement gratuity and commutation payable to an official who retired
on 30.04.2003 with the following particulars
1. Date of Birth 12.04.1943
2. Date of appointment 01.08.1972
3. Promoted as HSG 1 Postmaster in the pay scale of rs 6500-200-10500 with effect from
01.10.2001
4. Pay in the promoted grade was fixed at Rs 8900/- with DNI on 01.10.2002
5. Rate of D A 52 %

Q2 (A) Calculate GPF Balance at credit of an official as on 31.03.2003 with the following details

1. O B as on 01.04.2002 Rs 95000
2. Subscription at the rate of Rs 5000 per month
3. Raised GPF subscription to Rs 6000/- from the pay of Oct 2002
4. Taken final withdrawal of Rs 25000/- in December 2002
5. Taken an advance of Rs 10000/- during jaunary 2003 recoverable in 10 equal instalments
6. Rate of interest 09 %

(B) Define Honorarium and illustrate any five items of work for which honorarium should not be
paid

Q 3 ( A) Prpeare the earned leave account and half pay leave account of a postman up to
31.03.2003 from the following data

1 Date of appointment 15.04.2000

2. Dies non for 18 days from 03.12.2000
3.; Availed EL for 10 days from 26.12.2000
4. availed EL for 5 days from 15.03.2003 for LTC and also encashed EL for 5 days
5 Availed HPL on MC from 15.09.2000 to 24.09.200
6. Availed commuted leave on MC for 8 days from 01.05.2002

Courtesy : nfpemavelikaradivision.blogspot.com
Published by : http://sapost.blogspot.com/

Pension

An eligible service of at least ten years as a regular employee on any post of the State
Government is compulsory for being eligible for pension. Service prior to the age of 20 years is
not considered eligible for pension. With effect from 01-01-2006, eligible service of 20 years
instead of 33 years is compulsory for eligibility of full pension. The calculation of eligible
service is done by converting into six-month segments. 03 months is considered 01 six-month
segment and 09 months is considered 02 six-month segments. With effect from 01-01-2006,
pension is calculated on the basis of the average salary in the last ten months of eligible service
on the date of the retirement, or the last basic pay on the date of retirement, whichever is
beneficial to the employee. If the duration of the eligible service is less, then pension will be
reduced in that proportion. Regular and eligible service of 10 years is compulsory for pension
eligibility.

In case of eligible service being less than 10 years and more than 05 years, gratuity is applicable.

Formula for pension calculation :

Average basic pay of 10 months or last basic pay X 50/100 (whichever is beneficial)

Gratuity

For being eligible for gratuity, 5 years’ eligible service is compulsory. The amount of gratuity
will be equal to 1/4 of the last drawn emoluments of each completed six-month segments of
eligible service, with the maximum of 16-1/2 times. With effect from 01-01-2006, the maximum
limit of gratuity will be not less than Rs 10,00,000/- (rupees ten lakh) instead of Rs 3,50,000/-
(rupees three lakh fifty thousand).

Formula for gratuity calculation :

Last drawn pay X six-month segments of eligible service / 4 (including dearness allowance)

Commutation

As a result of the Fifth Pay Commission recommendations, with effect from 01 January 1996, 40
per cent portion of pension is permitted for commutation. This arrangement is optional, meaning
thereby that this option must be given though pension form part-1. The calculation of commuted
value of the pension is made according to the table effective from 01-01-2006 which has been
issued vide the GO No Sa-3-1508/10-2008-308-97 dated 08 December, 2008 by Finance
General-

Commutation table :

Age on the Commutation Age on the Commutation Age on the Commutation

next birthday value next birthday value next birthday value
1 2 3 4 5 6
20 9.188 41 9.075 62 8.093
21 9.187 42 9.059 63 7.982
22 9.186 43 9.040 64 7.862
23 9.185 44 9.019 65 7.731
24 9.184 45 8.996 66 7.591
25 9.183 46 8.971 67 7.431
26 9.182 47 8.943 68 7.262
27 9.180 48 8.913 69 7.083
28 9.178 49 8.881 70 6.897
29 9.176 50 8.846 71 6.703
30 9.173 51 8.808 72 6.502
31 9.169 52 8.768 73 6.296
32 9.164 53 8.724 74 6.085
33 9.159 54 8.678 75 5.872
34 9.152 55 8.627 76 5.657
35 9.145 56 8.572 77 5.443
36 9.136 57 8.512 78 5.229
37 9.126 58 8.446 79 5.018
38 9.116 59 8.371 80 4.812
39 9.103 60 8.287 81 4.611
40 9.190 41 8.194    

Any service after the age of 20 years, on an original post under the Government, paid for by the
Government fund, is considered as qualifying service. The complete service period under which
full pay or half pay holidays are included, is considered qualifying service. Absence on leave
without pay is accepted only after producing a medical certificate by a competent medical officer
or for higher technical or scientific study, absence due to civil unrest etc is considered as
qualifying service. Even if break in service is condoned, this will not be added in qualifying
service. The cases of break in service are covered by Section-422 of C.S.R. and if the break is
not because of submitting resignation, participation in strike, or sacked from the services, it
would automatically be considered as condoned. Not being condoned will mean previous
services being lapsed.

According to Section-356 of C.S.R., earlier military service on which pension has not been
given, and the contribution for such service is deposited in the Treasury, will be included in
qualifying services. This will be done only after verification of Appendix – ‘A’ from the Defence
Accounts office.

If any Government employee served the Government of India and later gets appointed in state
Government, in that case the entire service done under Government of India shall be eligible for
service pension. For this purpose, holiday pay, pension contributions will not be split and the
state Government will bear complete responsibility. If on deputation to non-government
organizations, undertakings, corporations, pubic establishments, and the pension contribution of
this period goes to state treasury, this period will be treated as qualifying service. The suspension
period shall not be considered eligible for pension unless there is clear order for it, otherwise it
will be treated as the qualifying service period.

Family will be classified for entitlement of family pension as following :-

Category-1

 Widow/widower, lifelong or remarried, whatever comes first.

 Son/daughter (including widowed daughter) married/re-married or till the age of 25
years, or till started earning, whatever comes first.

Category-2

 Unmarried/ widow /divorcee daughter, not covered under category-1, till marriage/re-
marriage or till the date of starting earning, or death, whatever comes first.
 Such parents who were whole life dependent on Government employee and the deceased
employee has not left behind any widow/widower or children. The dependent parents will
get the family pension of unmarried/divorcee/widow daughter

Unmarried/divorcee/widow daughter covered by category-2 and dependent parents will be

entitled for family pension only when suitable person is not available in deceased’s family and
there is no disabled off-spring in the family.

The entitlement of family pension would be on the basis of first born son and second son would
be entitled only when the entitlement of first son expires.

Under the above arrangements, the basis for considering the dependent for family pension will
depend on the minimum family pension amount and the dearness allowance applicable thereon.

Issueless widow would be entitled for family pension even after her re-marriage but on condition
that if her total personal income equalizes or exceeds the amount of family pension, her family
pension would be discontinued. In such cases she has to produce a certificate giving all details of
income source every 6 months.

Disabled will get family pension for the entire life, but after the death of husband/wife their
children would be entitled to it at the in order of preference, viz first elder son/daughter, followed
by younger ones. If the disable son/daughter comes first in preference, he would be entitled only
after the preference of elder sons.

(4) Parents dependent on deceased Government employees, whose total income should be less
than Rs 2250.

(5) If the survivors are two wives, the first married wife would be entitled for family pension and
later the second wife.

(6) Mentally retarded son/daughter and minor son/daughter would be entitled for the family
pension and payment will be made through designated guardian.

Entitlement of family pension :-

There is no compulsion for eligible service for family pension. As per Sixth Pay Commission,
for family pension, 30 per cent of the last drawn salary by the Government employee (implies
basic rule -9 (21) (1) for definition of salary) but not less than Rs 3500/-.
In case of retirement, the employee would get double family pension up to age of 65 years or for
5 years but not more than pension, later at the rate of 30 per cent.In case of death, if length of
service is less than seven years, then he would not be entitle for double (that means 50 per cent
of his last drawn salary.) He would be entitled for general rates (means 30 per cent of last drawn
salary) for minimum pension. But if the Government employee has served the Government more
than seven years, he would be entitle for double benefits for ten years from the date of his death,
but at that stage he should not have completed 65 years of age, after which he would be entitled
for family pension at regular rates.

3- Death benefit :- Eligibility for death benefit will be on the basis of nomination. In absence of
nomination, the family has been divided in two categories for aid. In first category the benefit
would be divided among family members equally. If there is no member in this category then
compensation would be divided equally among the second category family. If there is no
nomination and there is no member in the family, it would lapse in favor of the Government.

First category of family :- Husband or wife, son and unmarried daughters (including step and
adopted children).

Second category of family :- Married and widowed daughters, brothers less than 18 years,
unmarried sisters, father/mother and children of deceased son.

The rates of death benefits are as following :- (Like family pension there is no qualifying
service for it)

Length of
Rate of death benefit
service
Less than 1
year service
More than one
year Double of emoluments
but less than 5 6 times of emoluments
year service 12 times emoluments
 5 years or Every complete six-month period of eligible service shall be equal to ½ of
more but emoluments, the upper limit of which shall be 33 times of the last eligible
less than 20 emoluments, or less than Rs 10,00,000/-, whichever is less.
years’ service.
20 years or
more service

Emoluments mean :- Salary defined under basic rules (21) (1) that means basic pay, grade pay
and dearness allowance payable at the date of death.

Additional pension/Family pension :- The entitlement/permissible of pension of Pensioners/

family pensioners would be as following.
Age of pension/family pensioner
80 years but less than 85 years
85 years but less than 90 years
90 years but less than 95 years
95 years but less than 100 years
100 years and above
Additional amount of Pension/Family pension
Basic pension/20 per cent of family pension
Basic pension/30 per cent of family pension
Basic pension/40 per cent of family pension
Basic pension/50 per cent of family pension
Basic pension/100 per cent of family pension