This presentation discusses ways for employees to maximize their take-home pay and minimize taxes. It begins by explaining the basics of taxes and income types that are taxed in India. It then outlines the tax slabs and calculations for the current financial year. Potential exemptions like HRA, medical reimbursements, meal vouchers, insurance premiums and more are listed. An example is provided to show how these can significantly reduce tax liability. National Pension Scheme and tax planning tips are also briefly covered. The presentation concludes by emphasizing the importance of tax compliance through annual income tax return filings.
Before worrying about investments you should be using the superannuation and tax system to ensure you are making the most of your money. Boosting your retirement savings while saving tax using a Transition to Retirement Pension is an easy low risk way to maximise returns and lower personal and superannuation tax.
With Human Resources becoming a driving force in all successful, growing businesses, the need for a system to be the driving force has become more evident. Our Human Resource Modules cater for recording and managing of all HR related information, each module shares the data in the base module to complete the integrated Human Resource Management Cycle.
Before worrying about investments you should be using the superannuation and tax system to ensure you are making the most of your money. Boosting your retirement savings while saving tax using a Transition to Retirement Pension is an easy low risk way to maximise returns and lower personal and superannuation tax.
With Human Resources becoming a driving force in all successful, growing businesses, the need for a system to be the driving force has become more evident. Our Human Resource Modules cater for recording and managing of all HR related information, each module shares the data in the base module to complete the integrated Human Resource Management Cycle.
ACN is already an incredible opportunity. No imagine if I can show you how to be a part of this explosive opportunity, with no money out of your pocket? Take a look at the presentation and if it makes sense to you, email me at ljparkerllc@yahoo.com and I'll send you information on an exclusive opportunity for free training, mentor-ship and how you too can start your ACN business no money out of your pocket!
A Seminar Conducted by Akash Mahagaonkar, Head - Operations & Business Development, Relativity Management Solutions India Private Limited on How to Save Tax when your Income exceeds Rs.50 Lakhs & Above.
National Pension System- NPS FOR CORPORATESFundsIndia
This is a detailed presentation on NPS for corporates and also employees of private organisations.
FundsIndia is a leading consultant for NPS. We help individuals and corporates open and manage their NPS accounts.
Till date more than 4000 individuals and 15 corporates have opened NPS account leveraging our indepth knowledge in the field of National Pension System ( NPS ).
Do mail us at nps@fundsindia.com if you are interested in opening a National Pension System ( NPS ) either for your company or employees.
A list of provisions provided for planning savings and investments as part of your Income Tax planning. This is a beginner's guide to introduce yourself to several possible provisions.
Tax Saving Guide for FY 2015-16 (AY 2016-17)Apnaplan.com
eBook on Tax Planning for FY 2015-16. Covers all tax exemptions available to tax payers in India. Updated according to Budget 2015 with latest Tax Calculator.
ACN is already an incredible opportunity. No imagine if I can show you how to be a part of this explosive opportunity, with no money out of your pocket? Take a look at the presentation and if it makes sense to you, email me at ljparkerllc@yahoo.com and I'll send you information on an exclusive opportunity for free training, mentor-ship and how you too can start your ACN business no money out of your pocket!
A Seminar Conducted by Akash Mahagaonkar, Head - Operations & Business Development, Relativity Management Solutions India Private Limited on How to Save Tax when your Income exceeds Rs.50 Lakhs & Above.
National Pension System- NPS FOR CORPORATESFundsIndia
This is a detailed presentation on NPS for corporates and also employees of private organisations.
FundsIndia is a leading consultant for NPS. We help individuals and corporates open and manage their NPS accounts.
Till date more than 4000 individuals and 15 corporates have opened NPS account leveraging our indepth knowledge in the field of National Pension System ( NPS ).
Do mail us at nps@fundsindia.com if you are interested in opening a National Pension System ( NPS ) either for your company or employees.
A list of provisions provided for planning savings and investments as part of your Income Tax planning. This is a beginner's guide to introduce yourself to several possible provisions.
Tax Saving Guide for FY 2015-16 (AY 2016-17)Apnaplan.com
eBook on Tax Planning for FY 2015-16. Covers all tax exemptions available to tax payers in India. Updated according to Budget 2015 with latest Tax Calculator.
Sample Comprehensive Personal Financial Plan Created in Excel based Personal ...Satish Mistry
Sample Comprehensive Personal Financial Plan in Excel with Entire Life Cash Flow, Child Future Planning, Future Need & Dream Planning, Retirement Planning, Investment Planning, Investment Analysis, Portfolio Rebalancing, All Life Insurance Policy Analysis including LIC's Plan, IRR Calculation, Mutual Fund Porttfolio Analysis, Mutual Fund Portfolio Rebalancing, Practical Asset Allocation with Scheme Removal / Addition. Also seek possibilities of early retirement. Income Tax Planning with Net Taxation Ratio on your Income. Instant Generated Financial Plan in Excel with Real time value of your all Financial Investment ( In Indian Context). If uou need more info, kindly mail me.
Every business owner starts a business to make profits. "Are there ways to accelerate it?" is a common question founders have asked me.
The answer is Yes, there are. Precisely, that's what we are going to talk in this video. This is a recording of the webinar dated 28 Sep 2018
The secrets to avoiding penalties and fines - Perspectives of HR & FinanceAkash Mahagaonkar V
This is the presentation of 2nd Mini Conference as a part of Relativity's Knowledge Series program at Coimbatore & Bangalore. We introduced "Learning Via Gamification" via this program and was a great success. Participants learn real & live scenarios & nuances of compliance.
According to Glassdoor’s 2015 Employment Confidence Survey, about 60% of people report that benefits and perks are a major factor in considering whether to accept a job offer. The survey also found that 80% of employees would choose additional benefits over a pay raise.
So read on to know the top perks offered…………….
As a part of the development of the HR Community, we regularly organize seminars / workshops / panel discussions with latest updates in the respective fields. One such panel discussion is happening tomorrow @ The Residency on “Creating Secure Work places for Women” between 3pm to 6pm. The panel discussion will focus on the latest amendments, changes, action plan to be followed w.r.t the Vishaka guidelines, later known as The Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013.
Imposition of Penal Interest u/s 220(2) by TRACES - How to avoid it ?Akash Mahagaonkar V
We are quite aware of the fact that each of us have been receiving quite a lot of communications from TRACES [ the TDS Processing Cell ] on Justification reports, Intimations, Demands, etc. Many of us have also been receiving Hard-Copy Letters to this effect from TRACES.
One may sometimes wonder why such a huge amount of flow of Information ! It does make us a lot uncomfortable & we would want it to be sorted out as soon as possible.
One such email TRACES sent out on 21st of February talks about imposition of Penal Interest u/s 220(2) if actions are not taken by the Deductors ( Employers / Companies / We ).
This PPT is a recording of the webinar conducted by Relativity Management Solutions to talk in detail about the various issues deductors are facing & solutions to it.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
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USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
1. Maximize your Take home
Minimize your Tax
A Presentation to the Associates of
Infinite Computer Solutions
2. Lets Start with the Basics
• What is Tax & Why should
we pay tax ?
3. Lets Start with the Basics
• How much Tax Should I Pay ?
– Depends on your Income
– Not all Income is Taxable. After exemptions
and deductions, the Balance is taxable.
4. What are the Income Types ?
•
•
•
•
•
•
•
•
•
•
Salary
– Gross salary
– Perquisites
– Profits in lieu of salary
Income From House Property
Income from Pension or Family
Pension
Interest on Deep discount bonds
Dividend Income
Winnings from Lotteries, Race etc.
Interest Income from Saving A/C ,
Recurring Deposits & Fixed Deposits
Gift Income
Clubbing Income
Capital Gains
•
•
•
•
•
•
•
Sale of Shares / MF
Sale of Residential Property
Sale of Land & Building
Sale of Jewellery
Professional Income
Commission Income
Profit from trading in F&O,
Commodities, Derivatives & Forex
5. Tax Slab for the FY 2013-2014
Male & Females - 0-59 Yrs
0 to Rs.2,00,000
Rs.2,00,001 to Rs.5,00,000
Rs.5,00,001 to Rs.10,00,000
Rs.10,00,001 & Above
0%
10%
20%
30%
Senior Citizens - 60 & Above
0 to Rs.2,50,000
Rs.2,50,001 to Rs.5,00,000
Rs.5,00,001 to Rs.10,00,000
Rs.10,00,001 & Above
0%
10%
20%
30%
Super Senior Citizens - 80 & Above
0 to Rs.2,00,000
Rs.2,00,001 to Rs.5,00,000
Rs.5,00,001 to Rs.10,00,000
Rs.10,00,001 & Above
0%
0%
20%
30%
7. Tax Slab for the
FY 2013-2014
• How do we Calculate Tax ?
•
•
•
•
•
•
•
•
For Eg. Your Taxable Income is Rs.5,00,000
First 2 Lakhs – No Tax
Next 2 Lakhs to 5 Lakhs – 10% Tax
That’s Rs.30,000/Rebate u/s 87A Rs. 2,000/Income Tax Rs. 28,000/Add E.Cess @ 3% of Tax – Rs.840/Total Tax to be Paid = Rs.28,840/-
10. A typical payslip
Salary Paid under different components
Fully Taxable
Partially Taxable
Partially Taxable
Partially Taxable
Partially Taxable
Fully Taxable
Partially Taxable
Partially Taxable
11. • It is only the Employee who can ensure to pay the
lowest amount of tax, Employer does not have a role
to play here.
Montek Singh, Chairman – Planning Commission
12. Common Exemptions
• Salary Based
HRA
Med Reimburse
Meal vouchers
Conveyance All
Leave Travel All
0-60% of your Basic
Rs.1250 a Month
Rs.2200 a Month
Rs.800 a month
Specified by Employer
13. Common Exemptions/Deductions
• Non Salary Based
Section 80C Deductions
LIC, PF, Pension Etc.
Rs.1,00,000 Maximum
Section 80D Deduction –
Self, Spouse & Children
Rs.15,000 (Upto 60 Yrs of Age)
Rs.20,000 (60+ )
Section 80D Deduction – Dependent
Parents
Rs.15,000 (Upto 60 Yrs of Age)
Rs.20,000 (60+ )
Section 80E
Actual Interest Paid towards Educational Loan
Rs.1,50,000 for Self- Occupied.
Section 24 - Interest Paid on Housing Loan No Limit for Let out Property
Section 80G
50% of the Donation Amount & 100% of the
Donation Amount*
Section 80TTA – Interest from Savings
Bank
Rs. 10,000 Maximum
14. List of 80C Deductions
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Life Insurance Premium paid towards any Insurance Company
Employee’s Contribution to Statutory or Recognized Provident Fund
Public Provident Fund
Tuition Fees of Children
Term deposit for 5 years or more with Nationalized Banks & Post Offices
Repayment of Principal of Housing loan
Stamp Paper & Registration Duty charges paid in the FY
Contribution to Annuity Plan
National savings certificate, Senior Citizen Savings Scheme & Recurring Deposit in Post Office
Premium paid towards ULIP Plans of any Insurance company, UTI & LIC Mutual Fund
Contribution towards deferred annuity on behalf of the Government
Pension Fund set up by an Mutual Fund
Pension Scheme
Equity Linked Savings Scheme (ELSS) of Mutual Fund
Equity Shares or debentures forming part of any eligible issue of capital by Public company
Contribution made to any Pension Fund set up by National Housing Bank
NABARD bonds
15. Lets See the Impact Now
Description of
Exemption
Every Month
HRA
Per Annum
Rs. 10,000
Rs. 1,20,000
Med Reimburse
Rs. 1,250
Rs. 15,000
Meal vouchers
Rs. 2,200
Rs. 26,400
LIC, PF, Children Tution Fee, etc
(Sec.80C)
Sec. 80D (Mediclaim)
Donations, if any
Interest on Housing Loan
TOTAL
Rs. 1,00,000
Rs. 10,000
Rs. 5,000
Rs. 1,50,000
Rs. 4,26,400
16. Lets See the Impact Now
Description of
Exemption
Every Month
HRA
Per Annum
The Tax you save
10% Bracket 20% Bracket 30% Bracket
Rs. 10,000
Rs. 1,20,000
Rs. 12,000
Rs. 24,000
Rs. 36,000
Med Reimburse
Rs. 1,250
Rs. 15,000
Rs. 1,500
Rs. 3,000
Rs. 4,500
Meal vouchers
Rs. 2,200
Rs. 26,400
Rs. 2,640
Rs. 5,280
Rs. 7,920
Rs. 1,00,000
Rs. 10,000
Rs. 20,000
Rs. 30,000
Rs. 10,000
Rs. 1,000
Rs. 2,000
Rs. 3,000
Rs. 5,000
Rs. 500
Rs. 1,000
Rs. 1,500
Rs. 1,50,000
Rs. 15,000
Rs. 30,000
Rs. 45,000
LIC, PF, Children Tution Fee, etc
(Sec.80C)
Sec. 80D (Mediclaim)
Donations, if any
Interest on Housing Loan
Rebate under section 87A
TOTAL
Rs. 2,000
Rs. 4,26,400
Rs. 44,640
Rs. 85,280 Rs. 1,27,920
18. Did you Know ?
• Interest on loan taken for residential house
property from 01.04.2013 now Exempt upto
Rs. 1,00,000/- [ Conditions Apply ]
• Rebate of Rs. 2,000/- for Individuals having
Total Income upto Rs. 5,00,000/-
19. Don’t be in a hurry to save tax
• Tips :– Plan your Taxes Properly
– Spread your Income Sources
– Don’t wait for Feb/Mar to invest
– Take Advantage of all possible exemptions
– Consult a Tax Expert for better tax planning
21. What is Income Tax Returns Filing?
• Declaration to the Dept of IT in a specific format.
• Once a year – On or Before 31st July
• Useful in many ways – Refunds, Visa Processing,
Credit Cards, Loans, Address Proofs, etc.
22. What is Income Tax Returns Filing?
• 2 Modes – E-Filing & Physical Filing
• All Employees earning more than 5 Lakhs have
to compulsorily use E-Filing only. A Bit
Complicated – Hence we come into the
Picture.
23. TaxBingo.com
• We assist Individuals & Corporates in their Tax
Compliance
– Income Tax Returns Filing
– Tax Refund Assistance
– Tax Planning & Advisory
– Legal Tax Consultation
– Financial Planning
– NRI Tax Advisory