Disapprotiante calculation method
Sanjiv
(Querist) 03 May 2019
This query is : Resolved
Dear sir,
I am in government service joined 6 yrs ago,while compution my saving I have some 16 lacs at present while my net salary during these years is near about 21 lacs.I live with my parent in a joint family where most of the household item is bought by my father.If we go through the disproportionate assests calculation method after deducting one third of income i.e rs.7 lacs,I should have 14 lacs as my net saving.I also got some cash amount deposited in bank given by parent or elder ones.
So will my income comes under disproportionate income?pls guide seniors regarding this.
Thanking You
M V Gupta
(Expert) 04 May 2019
If you can tender proper explanation to the excess savings, it will not be considered as disproportionate asset.
P. Venu
(Expert) 04 May 2019
Why you are concerned? Are there deeper issues?
kavksatyanarayana
(Expert) 04 May 2019
Dear queriest, you have assets, so you have to submit Annual Return in the prescribe Annexures every calendar year to your employer for record. It is your responsibility whether your return file is noted in your service record or not. Then only it will not come under disproportionate.
