7th Pay Commission Salary Calculator January 2025 (55% DA Updated)
January 2025 DA Calculator (55% Confirmed!)“Assets & Liabilities of Gov’t Employees | Declaration”
The Declaration of Assets and Liabilities of Government Employees is an important document that requires all government employees to disclose their total assets and liabilities. This detailed report aims to ensure transparency and accountability among government officials and prevent corruption. The document includes information such as an employee’s real estate properties, investments, and any debts they may owe. It is an essential tool in promoting good governance and ethical behavior in the public sector.
Under the Lokpal and Lokayuktas Act, 2013, it is mandatory for every public servant, which includes Central Government employees also, to declare assets and liabilities in the manner provided by or under the said Act. Government has notified the Public Servants (Furnishing of Information and Annual Return of Assets and Liabilities and the Limits for Exemption of Assets in Filing Returns) Rules, 2014, under the Lokpal and Lokayuktas Act, 2013, laying down the form and manner of submission of information and annual return.
Who is required to declare their assets and liabilities under the Lokpal and Lokayuktas Act, 2013?
Every public servant, including Central Government employees, is required to declare their assets and liabilities.
What is the purpose of declaring assets and liabilities?
The purpose of declaring assets and liabilities is to promote transparency and prevent corruption in public service.
When is it mandatory for government employees to declare their assets and liabilities?
It is mandatory for government employees to declare their assets and liabilities in the manner provided by or under the Lokpal and Lokayuktas Act, 2013.
What are the rules for declaring assets and liabilities?
The Public Servants (Furnishing of Information and Annual Return of Assets and Liabilities and the Limits for Exemption of Assets in Filing Returns) Rules, 2014, have been notified by the government, which lay down the form and manner of submission of information and annual return.
What happens if a public servant fails to declare their assets and liabilities?
Failing to submit correct declaration of assets and liabilities can lead to disciplinary action, penalties, or even dismissal from service.
Leave a Reply