Highest Interest Rate on Recurring Deposits (RD) – January 2016

Recurring deposits (RD) with banks are one of the most popular investment options for people with regular income. RD enables to deposit fixed amount every month for a pre-defined period which earns interest similar to Fixed Deposits (FD).

All about Recurring Deposits:

• Most banks offer RDs for tenure of 6 months to 10 Years
• The tenure of RD can be in multiple of 3 months
• The amount of installment and number of installment cannot be changed after opening of the account
• The interest on RD compounds quarterly
• In most cases the interest rate on RD is similar to Fixed Deposits offered by Banks for similar tenures. However some banks like Bank of India gives 0.5% extra interest rate for RD as compared to FD for similar tenure
• The minimum deposit amount can be as low as Rs 100 per month, though some banks may have higher limit
• There can be penalty for missing even one installment.
• In case you miss multiple installments the RD can be closed and amount returned to you
• Most banks offer Loan/Overdraft against the amount available in Recurring Deposit. The interest is generally 0.5% to 1% more than that offered to RD.
• There are penalty clauses for pre-mature withdrawal similar to Fixed Deposits

Recurring Deposit Interest Rates:

Following are the highest Interest rates on Recurring Deposits based on duration:

1. For RD duration of 1 Year The Ratnakar Bank & Bandhan Bank offers 8.50%
2. For 2 years The Ratnakar Bank offers 9.0% and Bandhan Bank offers 8.50%
3. For 3 to 4 Years the best offer is by The Ratnakar Bank offering 8.75% interest rate
4. For 5+ Years RD duration the best interest is offered at 8.75% by The Ratnakar Bank and 8.05% by Tamilnad Mercantile Bank Ltd
5. The Post Office offers 5 Year Recurring Deposit Scheme offering 8.4% interest rate.

Disclaimer: The Recurring Deposit Interest Rates keep on changing. You are advised to check the interest rates with banks before making your RD.

http://apnaplan.com/highest-interest-rate-on-recurring-deposits-rd/

7.74% IREDA Tax Free Bond – January 2016

Salient Features: IREDA Tax Free Bonds 2016

• Offer Period: January 8 to 22, 2016 (the offer can be pre-closed on full subscription)
• Annual Interest Rates for Retail Investors: 7.53% for 10 Years; 7.74% for 15 Years and 7.68% for 20 Years
• The interest rates are 0.25% less for HNIs, QIBs and corporate subscribers.
• 40% of issue is reserved for Retail Investors
• Price of each bond: Rs 1,000
• Minimum Investment: 5 Bonds (Rs 5,000)
• Max Investment Limit for Retail Investor: Rs 10 Lakhs
• Date of first Interest Payment: To be updated
• Can be applied both in Physical and Demat Form
• Allotment: First Come First Serve
• Listing: Bonds would be listed on BSE and will entail capital gains tax on exit through secondary market
• Tax/TDS: As these are tax Free Bonds so no tax is to be paid and there is no TDS on interest

 Tax Free Bonds are suited for people in the tax bracket of 20% or higher who are looking for regular and safe income.

In case you do not want regular income you should first exhaust your Rs 1.5 lakhs PPF limit where the returns are 8.7% and tax free. Salaried employees should opt for VPF before looking at tax free bonds. Both the above options have higher returns, tax free and partial exit options after 5/6 years.

For detail :http://apnaplan.com/ireda-tax-free-bond-jan-2016/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ApnaPlan+%28Apna+Plan%29#

Overview of LIC Jeevan Labh plan

LIC Jeevan Labh  also called Table 836 is a non-linked participating Endowment Insurance Plan.  It offers a combination of protection and saving features.

• The plan is available from ages 8 to 59 years. The maximum age at maturity is 75 years.
• Minimum basic sum assured is ₹2 lakh with maximum basic sum assured having no limit.
• In  LIC Jeevan Labh there are only 3 policy terms with corresponding premium paying term. The customer can select any one of these according to their requirement.The policy terms are 16, 21, and 25 years with premium-paying terms of 10,15 and 16 years respectively. Policy term means till when one would be covered with insurance. Premium Paying Term, PPT, means till when one has to pay premium.
• For example if Rahul , who is 30 years of age, plans to take LIC Jeevan Labh for the term of 21 years which has premium payment term (PPT) of 15 years . He will be covered i.e have insurance till he is 50 years old but he will have to pay premium only till 15 years i.e till he is 45 years. For next 6 years even though he is not paying premium he is still insured.
• LIC Jeevan Labh provides Optional Benefit, Accidental Death and Disability Benefit Rider by payment of additional premium. If buyer opted for this rider, an amount equal to sum assured will be payable if death occurs due to accident. In case of permanent disability due to accident, future premium will be waived and the amount equal to Sum Assured is payable in 10 years equal monthly installments.
• New term assurance rider is also available at the inception of the policy on payment of additional premium. If policy holder opts for this rider, an amount equal to term assurance rider sum assured will be payable on the death of the life assured during the policy term.
• One can take Loan against LIC Jeevan Labh Plan 836 after payment of premiums for at least  3 years subject to conditions: Maximum loan for inforce policy-90% of surrender value and for paid up policies 80% of surrender value.
• One can Surrender after 3 years of full premium payment.
• Paid-up Value = Basic Sum assured x (No. of premiums paid/ Total no. of premiums payable)
• Premium Payment Mode rebate
  • 2% on yearly,
  • 1% on Half Yearly,
  • Nil on Quarterly & Monthly
• Rebate on High Sum Assured (Per 1000 of Sum Assured)
  • 0% up to 4,90,000
  • 1.25% for 5,00,000 to 9,90,000
  • 1.50% for 10,00,000 to 14,90,000
  • 1.75% for 15,00,000 and above
  
  http://www.bemoneyaware.com/blog/
  

Today Message for the day

A deep understanding and an attitude of pure feelings results in positive thinking.
Projection: When we talk about positive thinking, it is usually just 'think positive' and 'be positive'. But just saying this, either to others or to myself, doesn't help to change my thoughts permanently, in fact usually, not even temporarily.
-BK Shivani

Bryant McGill

Disappointment is coming, for sure! People are going to hurt you in ways you would never have believed even possible. You are going to be let-down and deeply betrayed. And there is only one thing to do when you are tragically let down — let-go. No matter how wrong they were, holding on will not make it right, it will only eat you alive over time. You are worthy of not reacting negatively to negativity. Don't let them kill you twice. Letting go is the only way. Quit hanging on to the past; fantasizing, dreaming, wishing and replaying it. You can't change it. You just haven't realized it yet, but you have moved on. You are different now; not of the past, but of now — a different person. You don't need whatever the past had — it's gone. Your life is here today. Your greatest moments are ahead of you and are right where you are now, so seize them while you can, before it is too late. Quit the endless worrying about the future. The way you get through life is one day at a time; even one hour at a time or one moment at a time. Start by finding, creating or noticing one good moment. Even in the darkest of times, if you look, you will find one. Being more positive just takes practice. You can retrain your mind to see the best possibilities in everything. A good moment in a bad day counts. Begin with this moment, and make it count.

Control your state of mind,

In any situation, control your state of mind, then look for an alternate way of thinking and delete the emotional baggage held against people.
If we hate someone, when we leave the costume we carry the imprint of hatred, and when the two souls meet again they experience hatred.

Every time we carry forward the unpleasantness, the magnitude and complexity increases. To change the quality of the interaction right now is only one thought away.
If someone has cheated or betrayed us, one option is to create hatred and carry it forward. Other option is to create forgiveness and change the quality of interaction.
Whatever others are doing to us is a return of our past karma, they are not wrong. The response we choose now will create our present and decide our future.

BK Shivani

Rates of income-tax

Rates of income-tax in respect of income liable to tax for the Financial year 2015-2016 / Assessment Year 2016-2017

There is no change in the basic tax rate and exemption limit for Individual, Hindu Undivided Family, Association of Person, Body Of Individuals and Artificial Juridical Person in Assessment Year 2016-17 in Comparison to A.Y. 2015-16.
Further There is no change in basic tax rate of Co-operative Society, Firms, Local Authorities and Companies. However, it is proposed to reduce the basic tax rate in the case of Companies from 30% to 25% over the next four years, starting from next financial year i.e. FY 2016-17.
There is change in Surcharge which is as under :

Person	Present Surcharge Rate	Proposed Surcharge Rate
Other than Company –
– Having Total Income exceeding Rs. 1 crore	10%	12%
Domestic Company‑
–      Having Total Income exceeding Rs.     1   crore    but   less    than   Rs.   10 crore	5%	7%
–     Having Total Income exceeding Rs. 10 crore	10%	12%
Foreign Company‑
–      Having Total Income exceeding Rs.     1   crore    but   less    than   Rs.   10 crore	2%	2%
–     Having Total Income exceeding Rs. 10 crore	5%	5%

There is no change in the rate of Education Cess and Secondary & Higher Education Cess on Income Tax and accordingly rate of 2% and 1% respectively on the amount of tax computed inclusive of surcharge, wherever applicable would be applied in all cases.

A. Normal tax rates applicable to an individual
The normal tax rates applicable to a resident individual will depend on the age of the individual. However, in case of a non-resident individual the tax rates will be same irrespective of his age. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows:

• Resident individual below the age of 60 years. i.e. born on or after 1.4.1956
• Resident individual of the age of 60 years or above at any time during the year but below the age of 80 years. (i.e. born during 1-4-1936 to 3 1-3-1956)
• Resident individual of the age of 80 years or above at any time during the year. i.e. born before 1.4.1936
• Non-resident individual irrespective of the age.

i.  individual below the age of 60 years i.e. born on or after 1.4.1956, Non-resident individual irrespective of age, Resident/Non-Resident Hindu undivided family, association of persons, body of individuals, artificial juridical person. 

Tax Slab

Net income range	Income-tax rates	Education Cess	Secondary and higher Education Cess
Up to Rs. 2,50,000	Nil	Nil	Nil
Rs. 2,50,000 – Rs. 5,00,000	10% of (total income minus Rs. 2,50,000) [*]	2% of income-tax	1% of income-tax
Rs. 5,00,000 – Rs. 10,00,000	Rs. 25,000 + 20% of (total income minus Rs. 5,00,000)	2% of income-tax	1% of income-tax
Above Rs. 10,00,000	Rs. 1,25,000 + 30% of (total income minus Rs. 10,00,000)	2% of income-tax	1% of income-tax

Tax Rate After Considering Surcharge# and Cess Based on Income Level-

Particulars	Income Level
Taxable Income	Rs. 2,50,000	Rs. 2.50 Lakh to 5 Lakh	Rs.  5 Lakh to Rs.  10 Lakh	Rs. 10 Lakh to Rs. 1 Crore	Above Rs. 1 Crore
F.Y. 2014-15	Nil	10.30%	20.60%	30.90%	33.99%
F.Y 2015-16	Nil	10.30%	20.60%	30.90%	34.608%

(ii) In the case of every individual, being a resident in India, who is of the age of sixty years or more but less than eighty years at any time during the previous year  i.e. born during 1.4.1936 to 31.3.1956

Net income range	Income-tax rates	Education Cess	Secondary and higher Education Cess
Up to Rs. 3,00,000	Nil	Nil	Nil
Rs. 3,00,000 – Rs. 5,00,000	10% of (total income minus Rs. 3,00,000) [*]	2% of income- tax	1% of income-tax
Rs. 5,00,000 – Rs. 10,00,000	Rs.    20,000 + 20% of (total income minus Rs. 5,00,000)	2% of income- tax	1% of income-tax
Above                           Rs. 10,00,000	Rs. 1,20,000 + 30% of (total income minus Rs. 10,00,000)	2% of income- tax	1% of income-tax

Tax Rate After Considering Surcharge# and Cess Based on Income Level-

Particulars	Income Level
Taxable Income	Rs.  3 lakh	Rs. 3 Lakh to Rs. 5 Lakh	Rs.  5 Lakh to Rs.  10 Lakh	Rs. 10 Lakh to Rs. 1 Crore	Above Rs. 1 Crore
F.Y. 2014-15	Nil	10.30%	20.60%	30.90%	33.99%
F.Y 2015-16	Nil	10.30%	20.60%	30.90%	34.608%

(iii) in the case of every individual, being a resident in India, who is of the age of eighty years or more at anytime during the previous year i.e. born before 1.4.1936

Net income range	Income-tax rates	Education Cess	Secondary                               and higher                    Education Cess
Up to Rs. 5,00,000	Nil	Nil	Nil
Rs.    5,00,000 – Rs. 10,00,000	20% of (total income minus Rs. 5,00,000)	2% of income- tax	1% of income-tax
Above Rs. 10,00,000	Rs.    1,00,000 + 30% of (total income minus Rs. 10,00,000)	2% of income- tax	1% of income-tax

Tax Rate After Considering Surcharge# and Cess Based on Income Level-

Particulars	Income Level
Taxable Income	Rs.  5 Lakh	Rs.  5 Lakh to Rs.  10 Lakh	Rs. 10 Lakh to Rs. 1 Crore	Above Rs. 1 Crore
F.Y. 2014-15	Nil	20.60%	30.90%	33.99%
F.Y 2015-16	Nil	20.60%	30.90%	34.608%

#Surcharge : Surcharge is levied @ 12% on the amount of income-tax where net income exceeds Rs. 1 crore. In a case where surcharge is levied, EC of 2% and SHEC of 1% will be levied on the amount of income-tax plus surcharge.

However, marginal relief is available from surcharge in such a manner that in the case of a person having a net income exceeding Rs. 1 crore, the amount payable as income tax and surcharge shall not exceed the total amount payable as income-tax on total income of Rs. 1 crore by more than the amount of income that exceeds Rs. 1 crore.

AMT: In the case of a non-corporate taxpayer to whom the provisions of Alternate Minimum Tax (AMT) applies, tax payable cannot be less than 18.5% (+SC+EC+SHEC) of “adjusted total income” computed as per section 1 15JC. For provisions relating to AMT refer tutorial on “MAT/AMT” in tutorial section.

[*] A resident individual (whose net income does not exceed Rs. 5,00,000) can avail rebate under section 87A. It is deductible from income-tax before calculating education cess. The amount of rebate is 100 per cent of income-tax or Rs. 2,000, whichever is less.

 B. Co-operative Societies

In the case of co-operative societies, the rates of income-tax have been specified in Paragraph B of Part III of the First Schedule to the Bill. These rates will continue to be the same as those specified for financial year 2014-15.

The amount of income-tax shall be increased by a surcharge at the rate of twelve percent of such income-tax in case of a co-operative society having a total income exceeding one crore rupees .

However, the total amount payable as income-tax and surcharge on total income exceeding one crore rupees shall not exceed the total amount payable as income-tax on a total income of one crore rupees by more than the amount of income that exceeds one crore rupees.

AMT : In the case of a non-corporate taxpayer to whom the provisions of Alternate Minimum Tax (AMT) applies, tax payable cannot be less than 18.5% (+SC+EC+SHEC) of “adjusted total income” computed as per section 115JC.

Income Tax Rate Chart In case of Co- Operative Societies for Financial year 2015-16

Particulars	Income Level
Taxable Income	Up to Rs. 10,000	Rs. 10,000      Rs.    to Rs. 20,000	Rs. 20,000        to Rs. 1 Crore	Above 1 Crore
F.Y. 2014-15	10.30%	20.60%	30.90%	33.99%
F.Y 2015-16	10.30%	20.60%	30.90%	34.608%

C. Partner ship Firms /Limited Liability Partnerships

In the case of firms, the rate of income-tax has been specified in Paragraph C of Part III of the First Schedule to the Bill. This rate will continue to be the same as that specified for financial year 2014-15 i.e. 30%.

The amount of income-tax shall be increased by a surcharge at the rate of twelve percent of such income-tax in case of a firm having a total income exceeding one crore rupees .

However, the total amount payable as income-tax and surcharge on total income exceeding one crore rupees shall not exceed the total amount payable as income-tax on a total income of one crore rupees by more than the amount of income that exceeds one crore rupees.

In the case of a non-corporate taxpayers to whom the provisions of Alternate Minimum Tax (AMT) applies, tax payable cannot be less than 18.5% (+SC+EC+SHEC) of “adjusted total income” computed as per section 115JC.

Income Tax Rate Chart In case of Firms/LLP for Financial year 2015-16

Particulars	Income Level
Taxable Income	Upto 1 Crore	1 Crore to 10 Crore	Above 10 Crore
F.Y. 2014-15	30.90%	33.99%	33.99%
F.Y. 2015-16	30.90%	34.608%	34.608%

D. Local authorities

The rate of income-tax in the case of every local authority is specified in Paragraph D of Part III of the First Schedule to the Bill. This rate will continue to be the same as that specified for the financial year 2014-15 i.e.  30% of taxable income..

The amount of income-tax shall be increased by a surcharge at the rate of twelve percent. of such income-tax in case of a local authority having a total income exceeding one crore rupees.

However, the total amount payable as income-tax and surcharge on total income exceeding one crore rupees shall not exceed the total amount payable as income-tax on a total income of one crore rupees by more than the amount of income that exceeds one crore rupees.

AMT : In the case of a non-corporate taxpayer to whom the provisions of Alternate Minimum Tax (AMT) applies, tax payable cannot be less than 18.5% (+SC+EC+SHEC) of “adjusted total income” computed as per section 115JC.
Income Tax Rate Chart In case of Local authorities for Financial year 2015-16

Particulars	Income Level
Taxable Income	Upto 1 Crore	1 Crore to 10 Crore	Above 10 Crore
F.Y. 2014-15	30.90%	33.99%	33.99%
F.Y 2015-16	30.90%	34.608%	34.608%

E. Companies
a. Domestic Company

The rates of income-tax in the case of companies are specified in Paragraph E of Part III of the First Schedule to the Bill. These rates are the same as those specified for the financial year 2014-15 i.e.  30% of taxable income.

Surcharge at the rate of seven per cent shall be levied in case of a domestic company if the total income of the domestic company exceeds one crore rupees but does not exceed ten crore rupees. The surcharge at the rate of twelve percent shall be levied if the total income of the domestic company exceeds ten crore rupees. In case of companies other than domestic companies, the existing surcharge of two per cent. shall continue to be levied if the total income exceeds one crore rupees but does not exceed ten crore rupees. The surcharge at the rate of five percent shall continue to be levied if the total income of the company other than domestic company exceeds ten crore rupees.

However, the total amount payable as income-tax and surcharge on total income exceeding one crore rupees but not exceeding ten crore rupees, shall not exceed the total amount payable as income-tax on a total income of one crore rupees, by more than the amount of income that exceeds one crore rupees. The total amount payable as income-tax and surcharge on total income exceeding ten crore rupees, shall not exceed the total amount payable as income-tax and surcharge on a total income of ten crore rupees, by more than the amount of income that exceeds ten crore rupees.

In other cases (including sections 115-O, 115QA, 115R or 115TA) the surcharge shall be levied at the rate of twelve percent.

For financial year 2015-2016, additional surcharge called the “Education Cess on income-tax” and “Secondary and Higher Education Cess on income-tax” shall continue to be levied at the rate of two per cent. and one per cent. respectively, on the amount of tax computed, inclusive of surcharge (wherever applicable), in all cases. No marginal relief shall be available in respect of such Cess.

b.  Normal tax rates applicable to a foreign company
A foreign company is taxed at a flat rate of 40%. Apart from tax @ 40%, Education Cess is levied @ 2% of income-tax and Secondary and higher Education Cess is levied @ 1% of income-tax.
Surcharge : In addition to tax at above rate, surcharge is levied @ 2% on the amount of income-tax if net income exceeds Rs. 1 crore but does not exceed Rs. 10 crore and @ 5% on the amount of income-tax if net income exceeds Rs. 10 crore. In a case where surcharge is levied, EC of 2% and SHEC of 1% will be levied on the amount of income-tax plus surcharge.
However, marginal relief is available from surcharge in such a manner that in the case of a foreign company whose net income exceeds Rs. 1 crore but does not exceed Rs. 10 crore the amount payable as income-tax and surcharge shall not exceed the total amount payable as income-tax on total income of Rs. 1 crore by more than the amount of income that exceeds Rs. 1 crore.
In case of a foreign company whose net income exceeds Rs. 10 crore, marginal relief is available from surcharge in such a manner that the amount payable as income-tax and surcharge shall not exceed the total amount payable as income-tax and surcharge on total income of Rs. 10 crore by more than the amount of income that exceeds Rs. 10 crore.

MAT : In the case of a corporate taxpayer to whom the provisions of Minimum Alternate Tax (MAT) applies, tax payable cannot be less than 18.5% (+SC+EC+SHEC) of “Book profit” as per section 1 15JB.

Income Tax Rate Chart In case of  Corporates for Financial year 2015-16

SI.No.	Particulars	Tax(%)	Surcharge(%)	E. Cess(%)	SHE. Cess (%)	Effective Tax(%)
1	Domestic companies (with total income less than 1 Cr.)	30	–	2	1	30.90
2	Domestic companies (with total income more than1 cr. but less than 10 Cr.)	30	7*	2	1	33.063
3	Other domestic companies	30	12#	2	1	34.608
4	Foreign companies (with total income less than 1 Cr.)	40	–	2	1	41.20
5	Foreign companies (with total income more than	40	2	2	1	42.024
	1 cr. but less than 10 Cr.)
6	Other foreign companies	40	5	2	1	43.26

* Surcharge has been increased from 5% to 7%.
# Surcharge has been increased from 10% to 12%.

MINIMUM ALTERNATE TAX (MAT) RATES FOR FINANCIAL YEAR 2015-16

SI. No.	Particulars	Tax (%)	Surcharge (%)	E. Cess (%)	S Et HE. Cess (%)	Effective Tax (%)
1	Domestic companies (with total income less than 1 Cr.)	18.5	–	2	1	19.055
2	Domestic companies (with total income more than 1 cr. but less than 10 Cr.)	18.5	7*	2	1	20.389
3	Other domestic companies	18.5	12#	2	1	21.342
4	Foreign companies (with total income less than 1 Cr.)	18.5	–	2	1	19.06
5	Foreign companies (with total income more than 1 cr. but less than 10 Cr.)	18.5	2	2	1	19.436
6	Other foreign companies	18.5	5	2	1	20.008

* Surcharge has been increased from 5% to 7%.
# Surcharge has been increased from 10% to 12%.
Alternate Minimum Tax (AMT)
It is applicable on all persons other than companies. In case of Individual, Hindu Undivided Family, Association of Persons and Body of Individuals, it applies only if Adjusted Total Income exceeds Rs. 20,00,000. Adjusted Total Income is computed by increasing Total Income by any Deduction claimed under chapter VIA [Sec. 80-IA to Sec. 8ORRB (Except Sec. 80P)] and Sec. 10AA.
AMT would be computed at the rate of 18.5% on adjusted total income. Surcharge has been increased from 10% to 12% where the adjusted total income exceeds Rs. 1,00,00,000. Education Cess is applicable at the rate of 2%. Secondary and Higher Education Cess is applicable ® 1% on income tax.
Securities Transaction Tax (STT) Rates for Financial Year 2015-16

STT is levied on the value of taxable securities transaction as under:

Sl. No.	Transactions	Rate	Payable by
1	Purchase/Sale of equity shares (delivery based)	0.1%	Purchaser/ Seller
2	Purchase of units of equity-oriented mutual fund (delivery based)	Nil	Purchaser
3	Sale of units of equity-oriented mutual fund (delivery based)	0.001%	Seller
4	Sale of equity shares, units of equity-oriented mutual fund (non-delivery based)	0.025%	Seller
5	Sale of an option in securities	0.017%	Seller
6	Sale of an option in securities, where option is exercised	0.125%	Purchaser
7	Sale of a futures in securities	0.01%	Seller
8	Sale of unit of equity oriented fund to the Mutual Fund	0.001%	Seller

Commodities Transaction Tax (CTT)
CTT is levied on the value of taxable commodities transaction:

Transactions	Rate	Payable by
Sale of commodity derivative (other than agricultural commodities) entered in a recognised association	0.1%	Seller

Dividend Distribution Tax (DDT) for Financial Year 2015-16

Dividends distributed by an Indian Company are exempt from income tax in the hands of all shareholders. DDT shall be computed on the amount determined after grossing up dividend paid by the rate of tax (excluding Surcharge and Cess) on such dividend.
Grossing up needs to be done only of the Basic Rate and not of the Effective Rate. The rates of DDT are as below:

DDT Rates for Companies for Financial Year 2015-16

Basic Rate	Effective Rate*
17.647	20.358

*including Surcharge of 12% & Education Cess
DDT Rates for Mutual Fund” (MF) for payments to –

Particulars	Basic Rate	Effective Rate*
(1)   Distribution by MF under an Infrastructure Debt fund scheme to a non-resident	5.263	6.071
(2)   To an individual or HUF excluding (1) above	33.33	38.449
(3) To any other Person excluding (1) a (2) above	42.85	49.432

*including Surcharge of 12% & Education Cess
# Excludes equity oriented funds
(Republished with Amendments)

Tags: CA Sandeep Kanoi, income tax rate, income tax rate chart, Income Tax Rates, tax rate changes, tax rates

Determination

You have the determination to plant seeds of change now, and the wisdom to wait for the fruits to emerge.

Congratulation

श्री वीरेन्द्र कुमार वर्मा जी (Advocate High Court - Punjab & Haryana) को संस्थान द्वारा "प्रदेश विधिक सह सलाहकार - हरियाणा प्रदेश" पद पर मनोनीत किये जाने के सुअवसर पर पूरे ABSSVSS परिवार की ओर से हार्दिक बधाई एवं शुभकामनाएं ।।

A.R. Rahman

HAPPY B'DAY: ऑस्कर विनर A.R. Rahman का आज 49वां बर्थडे है।

Hydrogen Bomb

North Korea claims successful testing of hydrogen bomb; International community condemns the act; United Nations Security Council to hold an emergency meeting today.

All India Radio News

BK Shivani

चलने की कोशिश तो करो,
दिशाएँ बहुत हैं!
रास्तों पे बिखरे काँटों से न डरो,
तुम्हारे साथ दुआएँ बहुत हैं!
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बेशकीमती तोहफा

एक राजा ने दूसरे राजा के पास एक पत्र और सुरमे की एक छोटी सी डिबिया भेजी।पत्र में लिखा था की जो सुरमा भिजवा रहा हूँ वह अत्यंत मूल्यवान है।
इसे लगाने से अंधापन दूर हो जाता है।
राजा सोच में पड़ गया। वह समझ नही पा रहा था कि इसे किस किस को दे।
उसके राज्य में नेत्रहीनों की संख्या अच्छी खासी थी, पर सुरमे की मात्रा बस इतनी थी, जिससे दो आँखों की रोशनी लौट सके।
राजा इसे अपने किसी अत्यंत प्रिय व्यक्ति को देना चाहता था ।
तभी राजा को अचानक अपने एक वृद्ध मंत्री की स्मृति आई वह मंत्री बहुत ही बुद्धिमान था मगर आंखों की रोशनी चले जाने के कारण उसने राजकीय काम काज से छुट्टी ले ली थी और घर पर ही रहता था ।
राजा ने सोचा कि उसकी आंखों की ज्योति वापस आ गई तो उसे उस योग्य मंत्री की सेवाएं फिर से मिलने लगेंगी ।
राजा ने मंत्री को बुलावा भेज दिया था और उसे सुरमे की डिबिया देते हुए कहा था इस सुरमे को आंखों में डाले आप पुनः देखने लग जाएंगे ।
ध्यान रहे यह केवल दो आंखों के लिए है मंत्री ने एक आंख में सुरमा डाला उसकी रोशनी आ गई उस आँख से मंत्री को सब कुछ दिखने लगा फिर उससे फिर उसने बचा हुआ सुरमा अपनी जीभ पर डाल दिया यह देख कर राजा चकित रह गया उसने पूछा यह आपने क्या किया अब तो आपकी एक ही आंख में रोशनी आ पाएगी, लोग आप को काने कहेंगे । मत्री ने जवाब दिया राजन चिंता ना करें मैं काना नहीं रहूंगा ।
मैं आंख वाला बनकर हजारो नेत्रहीनों को रोशनी दूंगा । मैंने चखकर यह जान लिया है कि सुरमा किस चीज से बना है मै अब स्वयं सुरमा बनाकर नेत्रहीनों में बाटूंगा ।
राजा ने मंत्री को गले लगाया और कहा यह हमारा सौभाग्य है कि मुझे आप जैसा मंत्री मिला । अगर हर राज्य के मंत्री आप जैसी हो जाए तो किसी को कोई दुख नहीं होगा।
Moral:
इसलिए हमें न केवल अपना ही हित सोचना चाहिए बल्कि सबके हित के बारे में सोचना चाहिए। दूसरों का हित करने से ख़ुशी मिलती है।
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Join with => BK Shivani
www.facebook.com/BKShivaniSis

Record Inflows

Strong inflows to fixed income and equity MF schemes swelled the asset under management of the domestic MF industry to a record high for the ninth consecutive quarter in a row.

CRPF

CRPF will soon deploy about 300 women commandos for undertaking anti-Naxal operations.

BK Shivani-To take control of situations first take control of yourself.

In every situation instead of checking what is right for the situation or the other person, first take care of what is the right way for me to be in this situation.
Going out of control means disconnected from your natural self of purity, peace, love and happiness.

One wrong has no right to correct another wrong, and no power to change them. We have to be in the right before inspiring others to change.
If family or friends are in pain, hurt or anger, we have to first take care of ourselves, remain stable and then help them to come out of it.
When we use love as the way of working, our internal strength, makes people - want to respect us for our inner power, rather than - have to respect us for our position.

आबिद बने WIPRO के CEO

इंदौर/ नीमच. आबिद अली नीमचवाला देश की तीसरी सबसे बड़ी आईटी कंपनी विप्रो के सीईओ बनाए गए हैं। वे 1 फरवरी से नए रोल में काम करेंगे। मध्य प्रदेश के मालवा इलाके के नीमच जिले में जन्मे आबिद के पिता इसी शहर में एक छोटा-सा जनरल स्टोर चलाते थे। उनके परिवार के कई लोग आज भी यहीं रहते हैं।

कहां हुई आबिद की पढ़ाई-लिखाई...

- आबिद अली का परिवार अब भी नीमच में रहता है। उनके 5 चचेरे भाई हैं। उनकी बोहरा बाजार में बर्तन की दुकान है।
- आबिद के भतीजे हातिम अली के मुताबिक उनकी स्कूल की पढ़ाई नीमच में ही हुई।
- उन्होंने रायपुर एनआईटी से इलेक्‍ट्रॉनि‍क एंड कम्‍युनि‍केशन इंजीनि‍यरिंग की है।
- उन्‍होंने आईआईटी, मुंबई से इंडस्ट्रियल मैनेजमेंट में मास्‍टर डि‍ग्री हासि‍ल की।

कहां थी आबिद के पिता की दुकान?

- आबिद अली के पिता का नाम जैनुद्दीन लाइटवाला था।
- नीमच के पुस्तक बाजार में अम्बर स्टोर्स एंड स्टेशनर्स के नाम से उनका एक जनरल स्टोर और स्टेशनरी शॉप भी था।
- बचपन में आबिद अपने पिता का हाथ बंटाया करते थे।

3 हजार रुपए थी पहली कमाई

- पढ़ाई के दौरान ही उन्होंने अपने कुछ दोस्तों के साथ मिलकर एक केमिकल कंपनी के लिए एक सॉफ्टवेयर डिजाइन किया था। उसके लिए उन्हें 3 हजार रुपए मिले थे।
- इस सॉफ्टवेयर के स्ट्रक्चर को देखकर उस समय उनके प्रोफेसर ने कहा था- तुम एक दिन दुनिया में नाम करोगे।

तीन बच्चों के पिता हैं आबिद, रहते हैं यूएस में

- आबिद पत्नी हसीना व तीन बच्चों मुस्तफा, मुर्तजा और बेटी फातिमा के साथ यूएस में रहते हैं।
- दो साल पहले पिता का निधन होने पर वे नीमच आए थे। उस दौरान वे तीन घंटे ही परिवार के साथ रहे थे।
- वाट्सऐप के जरिए आबिद नीमच में पूरे परिवार से जुड़े रहते हैं।

टीसीएस में रहे 23 साल

- आबिद अली 23 साल तक टाटा समूह की कंपनी टीसीएस में रहे हैं।

- 31 मार्च, 2015 को 48 हजार करोड़ रुपए का रेवेन्यू हासिल करने वाली विप्रो को आबिद ने पिछले साल ज्वॉइन किया था।
- उन्हें ग्लोबल आईटी मार्केट और सर्विस सेगमेंट का एक्सपर्ट माना जाता है।

http://www.bhaskar.com/news-fbo/c-8-1305105-id0504-NOR.html

Jennifer Weiner

I have learned a lot this year… I learned that things don’t always turn out the way you planned, or the way you think they should. And I’ve learned that there are things that go wrong that don’t always get fixed or get put back together the way they were before. I’ve learned that some broken things stay broken, and I’ve learned that you can get through bad times and keep looking for better ones, as long as you have people who love you.

सफलता का सबसे प्रमुख अवरोधक क्रोध है

सफलता का सबसे प्रमुख अवरोधक क्रोध है। क्रोध मनुष्य का एक बहुत खतरनाक अवगुण है। क्रोध वह कीड़ा है जो सूक्ष्म रूप से मनुष्य के अंदर घुसता है और यदि उस कीड़े पर तुरंत नियंत्रण नहीं किया जाए तो वह विकराल रूप धारण कर लेता है और मनुष्य को विनाश के मार्ग पर धकेल देता है।
क्रोध के बढऩे पर मनुष्य का मन, बुद्धि आदि उसके वश में नहीं रहते। क्रोध मनुष्य को असफलता, अपराध और गलत निर्णय की ओर ले जाता है। प्रख्यात वैज्ञानिक जगदीश चंद्र बसु ने कहा है-''नाड़ी मंआ आघात क्रोध से होता है। क्रोध बढ़ा तो आघात भी बढ़ा। जरा-सा क्रोध भी पीड़ा का कारण है। भय से नसें नष्ट होतीं हैं, ताप से और चिंता से झुलसती हैं। क्रोध को जीतना मृत्यु पर विजय है।ÓÓ क्रोधी मनुष्य आवेश में हत्या या आत्महत्या तक कर लेता है। उसके सोचने-समझने की शक्ति समाप्त हो जाती है। क्रोध प्राय: साधारण कारणों से उत्पन्न होता है और साधारणत: ही उसे समाप्त भी किया जा सकता है। क्रोध मनुष्य को असफलता के पास तो पहुंचाता ही है, साथ ही उन लोगों को भी आहत करता है जो उसकी क्रोधाग्नि की चपेट में आते हैं। क्रोधी व्यक्ति का मानसिक संतुलन कभी ठीक नहीं रहता। क्रोध करने वालों से लोग दूर भागने लगते हैं। उनसे बात करने में कतराने लगते हैं। ऐसा इसलिए, क्योंकि न जाने कब वे भड़क जाएं और झगड़ा हो जाए। एक तरह से ऐसे व्यक्ति समाज से कट जाते हैं जो उनकी सफलता के लिए अत्यंत घातक होता है।
अक्सर क्रोध पर नियंत्रण करने के लिए मु_ी भींच लेने या उल्टी गिनती करने की बात कही जाती है। क्यों क्रोध के समय में इंसान विवेक खो देता है? स्वभाव में चिड़चिडापन आ जाता है। बेसब्री में सही निर्णय लेना व उचित व्यवहार असंभव हो जाता है। इस तरह के व्यवहार से लोग खिन्न होते हैं। समस्याएं सुलझने की बजाए उलझ जाती हैं। क्रोध के समय शांत रहने और सब्र रखने में ही भलाई है। धीरे-धीरे समस्याएं सुलझने लगेंगी। एक शांत मस्तिष्क ही सही फैसले और उचित व्यवहार कर सकता है। इसी संदर्भ में किसी विद्वान ने कहा है कि अक्रोध से क्रोध को जीतें, दुष्ट को भलाई से जीतें, कृपण को दान से जीतें और झूठ बोलने वाले को सत्य से जीतें। क्रोध को वश में कर लेने पर क्रोध बढ़ता है और आवेश को आत्मबल के रूप में परिवर्तित किया जा सकता है।
Written by: ज्योतिषाचार्य “पंकज कुमार” 

Positive Thought

Take a few minutes today to reflect on how was 2015, what were the learnings and achievements. Prepare for 2016 with a renewed energy and faith that all will be well.