...but there is one big way to save a small fortune that you won't hear from a CA or tax consultant.
A little known way to save a small fortune is to stop paying high interest rates to banks on home loans etc.
I changed from my banks interest rate of 11.5% to 7.5% from a Non Banking Finance Corp using one of my contacts. I'll be saving over 14.6 lacs over the next 15 years by changing over to N B F C. I can now save and invest this amount to earn more or repay the loan 35% faster than before. why work longer to make the bank richer at your cost ?
If_interested_in_lower_interest u too_can_contact rohit_(0)_nine_nine_eight_zero_eight_zero_seven_one_six_four
...but there is one big way to save a small fortune that you won't hear from a CA or tax consultant.
A little known way to save a small fortune is to stop paying high interest rates to banks on home loans etc.
I changed from my banks interest rate of 11.5% to 7.5% from a Non Banking Finance Corp using one of my contacts. I'll be saving over 14.6 lacs over the next 15 years by changing over to N B F C. I can now save and invest this amount to earn more or repay the loan 35% faster than before. why work longer to make the bank richer at your cost ?
If_interested_in_lower_interest u too_can_contact rohit_(0)_nine_nine_eight_zero_eight_zero_seven_one_six_four
I just cant understand why people comment when they dont have any knowledge on that issue.... just for the sake of commenting? Come on guys... where is the recession in india? there was a slowdown but it is over... i am mba student and from my experience of interacting with the corporates. I can state that except IT sector, no other industry has been affected by recession... Recession is only in west and that is why western media is exaggerating it.... And as far as the comments on rediff are concerned, I wonder why India still exists? Come guys please give relevent comments.... The other day, there were comments on the NSG story by the people who dont even have a small combat experience....
Re: Recession!!!!!!!!
by Parasdeep Singh on Nov 23, 2009 09:00 PM
And if any one has doubts, one can have a look at Q2 results of corporates in India and compare them with those in other parts of the world.....
Re: Recession!!!!!!!!
by kalam saba on Nov 23, 2009 09:24 PM
I think India needs far more than doing an MBA or any other degree to understand the holistic perspective on recession. Recession does not only mean cutting of jobs or quarter results. The parochial thinking should be broaden up to see country as a whole. What you all have talked about is the scenario with corporates but getting deep into it will showcase the livelihood options that have gone really down in last few months. and this has happened because lot many services which india used to provide to different countries has been withdrawn. This has happened not with so called corporates but also in rural sector. So i would request you guys to study before you comment on anything, merely seeing the quarter results and sensex has never served any purpose in claiming India a fast growing economy.
Re: Re: Recession!!!!!!!!
by Parasdeep Singh on Nov 23, 2009 10:17 PM
Can any one tell me how recession has effected the rural sector and public sector and how it has wrecked the indian economy?? Recession started when the american banking system collapsed due to their domestic reasons primarily the housing bubble.... These american banks who had given so much loans then wanted cash badly due to which there was a shortage of cash everywhere in the world because american companies which invested in other companies stopped this and they even started taking there mooney back to america... Now since in west, most of the jobs are in private sector, and the corporates in west were not having enough money to operate they started downsizing to reduce costs.... Due to this, unemployment started rising in west... As far as India is concerned it effected Indian economy only because the Indian companies which earlier used to export to west were now unable to sell their products because west was not in the position to buy anything.... However, 80% component of our economy is domestic and thus our economy managed to sail through... however, due to lesser exports, indian companies stopped hiring.... but they never fired anyone... Now some one please tell me where is our rural setor in picture which has nothin to do with the global econmy and is still dependent on Govt. fundings... Infact, Govt has also boosted public spendings...
Re: Re: Re: Recession!!!!!!!!
by Parasdeep Singh on Nov 23, 2009 10:25 PM
Since the Govt. has increased public expenditure, and has invested more in the schemes like NREGA, it has infact helped rural sector... And dear KALAM SABA, economy doesnt operates in isolation. Corporate sector is a part of it and since we are moving towards a market driven economy, corporate's importance is increasing. Economies grow when rate of capital formation is high which os possible only if the corporate sector of an economy grows... In case of our country, our rural sector has nothing to do with the west and thats why the decoupling theory emerged.... However, our rural sector as of now is in trouble but not because of recession but due to failure of monsoons... I agree that sensex is not "the" indicator of economy but it certainly is "an" indicator. Q2 results are a part of real economy so they are a good indicator. Q2 results mean economic activity within a country as a whole and not only for corporates.. Thus Q2 includes agriculture, manufacturing, services and all the sectors of economy as a whole....
Re: Re: Re: Re: Recession!!!!!!!!
by Manoj Chauhan on Nov 24, 2009 11:02 AM
We dont have time to read such copy and paste and long articles. Pls explain in short and to the point
Re: Without any money how can one save? Recession is there...
by Parasdeep Singh on Nov 23, 2009 10:34 PM
Dear Shailendra, Unity and integrity of India is non-negotiable. And India will never come to an end. LONG LIVE MY INDIA....
Re: Without any money how can one save? Recession is there...
by PRASAD ANL on Nov 23, 2009 09:01 PM
in every state locals should be given preference. otherwise what is the use of INDIVIDUAL STATES? DO U GIVE MORE JOBS FOR OUTSIDERS IN PUNJAB? DO U GIVE MORE JOBS TO OUTSIDERS IN TAMIL NADU? NEVER. THOSE WHO GET TRANSFERRED THROUGHOUT COUNTRY MAY GET BECAUSE OF PROMOTION AND OTHER REASONS ONLY. AFTER COMPLETION OF THEIR TERM THEY GO BACK TO THEIR NATIVE STATES NATURALLY. BUT ONLY THE BUSINESS CLASS REMAIN / OCCUPY OTHER'S STATES. IN BANGALORE THERE ARE LAKHS OF PEOPLE FROM OTHER STATES EMPLOYED IN SO MANY COMPANIES. THESE COMPANIES DEPRIVED JOBS TO LOCALS TO CERTAIN EXTENT. IN SOUTHERN RAILWAYS TAMILIANS HAVE MAJOR SHARE THAN OTHERS. WHY? THAT SHOULD NOT BE THE THING. IN EACH FIRM/COMPANY LOCALS SHOULD BE GIVEN ATLEAST 75% EMPLOYEMENT AND REMAINING 25% TO OTHER STATE PEOPLE . IF THIS HAPPENS IN ALL THE STATES, THIS PROBLEM WILL NOT OCCUR. MOREOVER LOCALS SHOULD ALSO LEARN TO COMPETE WITH THE PRESENT TREND. AND OTHER STATE PEOPLE WHO GO TO OTHER STATES SHOULD TRY TO LEARN LOCAL LANGUAGES ATLEAST TO MINIMUM LEVEL. IF YOU GO TO TAMIL NADU, YOU SHOULD LEARN TAMIL, IF YOU GO TO GUJARAT, YOU SHOULD LEARN GUJARATI LANGUAGE AND SO ON. THIS HELPS TO BOTH STATE PEOPLE TO UNDERSTAND EACH OTHER IN A BETTER WAY.
Re: Re: Without any money how can one save? Recession is there...
by kiran kumar on Nov 24, 2009 12:22 PM
When you are talking of Bangalore, you are talking of world class talent in IT services and BPO. The concept of 'giving preference to natives' if imposed before these employers had established themselves in Bangalore. They would have never even looked at the city. It was because of vision of SM Krishna that he chose to provide the necessary infrastructure to these companies, that Bangalore is the city that it is today (I am not questioning its history, but talking about its edge over others).
All these high paying companies work at cut throat competition and need best of the breed talent to run their businesses. Hence, they cannot compromise on quality with quota system. And mind you that Karnataka natives are never denied jobs if they are found to be talented, so it is better for the native job aspirants to work harder as achieve what they deserve.
After all said and done, even if these jobs are going to people of other states, lot of other employment oppotunities get created when these outsiders start spending their money. Agree?
Re: WHAT WILL HAPPEN
by mang on Nov 24, 2009 08:56 AM
If he does not show INTEREST it is his problem.. You can't make some one show INTEREST in money matters...
Re: WHAT WILL HAPPEN
by Parasdeep Singh on Nov 23, 2009 10:37 PM
If you have not given your PAN to bank, chances of escaping are 40%. If you have given your PAN, dont try it....
Re: WHAT WILL HAPPEN
by Karan Hi on Nov 23, 2009 05:33 PM
Nothing ! Remember my friend stealing is never a crime unless you are caught. Even if you are caught u can bribe your way out of the system.
Re: WHAT WILL HAPPEN
by nkpratapan on Nov 23, 2009 05:38 PM
nothing happens, except when IT detects u hv not disclosed the FD income; IT wl levy interest and penalty which cud be even 10 times than your actual taxability
very useful info. Would like to know more about employee rights..For instance last week my colleagues salary was cut by 30%. And it was only done for him. I want to know can the management do such things and if no what are our right? can we sue the employer?
Re: need more info
by kiran kumar on Nov 24, 2009 12:30 PM
Ask for a clarification formally and informally. No employer would do such a thing intentionally. Give benefit of doubt that it was by mistake. If it was indeed by a mistake, they will take corrective actions. If they are not taking such actions then it means it is intentional, means it can be linked to performance of your company or your friend. In which case, the cut is immenant. If he is not satisfied with this development, wish him best of luck and ask him to look out for a new job. If he is fit, he will definitely get one.
Due to the companies lose in business, company didn't give my salary. I worked there but didn't get the salary for 3 months at the time of filling the tax what i will do. I have informed many times to my employer but they are not replying me.
Re: hi
by Jagadeesh Kumar on Nov 23, 2009 05:22 PM
You will file tax based on the Form-16 that your employer gives you. If he give the salary then it will come in Form-16, but if he does not give then it will not come. This is will not affect much of your taxation unless your bucket change
Re: hi
by Karan Hi on Nov 23, 2009 05:36 PM
they lost because of inefficient employee who blog when they should be working. You should infact pay them for the loss they incurred because the hired you.
Apparently, the article states that after retirement, the employee can take another job and get away with 10% tax. This is misleading. The tax will be @ 10% only if the person is on contract with the payer and not if he is regularly employed, in which case it will be treated as salary.
Re: Tax calculation
by kiran kumar on Nov 24, 2009 12:36 PM
If your employer has deducted TDS, he has to provide you with Form-16 at the end of the year. If he has, then you do not have to bother whether he has remmited it to IT or not. If he has not given you the Form-16, then you need to complain to authorities along with your payslips and bank statements. Or just blackmail your employer that you will not complain only if he stops TDS for you (alone).
