How much should you get paid? (Correctly for serious workers)
Here is the link
http://www.nytimes.com/2007/03/03/technology/03money.html?ex=1330578000&en=c1a30630cc357c86&ei=5089&partner=rssyahoo&emc=rss
Enjoy!
If you make more money, send me some! (to give to poor of course!) ;-)
Saturday, March 03, 2007
Thursday, March 01, 2007
Bill Clinton and Monica Lewinsky
I recently read on a blog that, Bill Clinton and Monica Lewinsky are the key words searched and more web hits......
I wonder whether it is due to Hillary Clinton, running for the Prez post?
I bet my blog would get the same hits! ;-)
I wonder whether it is due to Hillary Clinton, running for the Prez post?
I bet my blog would get the same hits! ;-)
Suggested MF Portfolio
Suggested MF Portfolio for a 3 to 5 year Horizon to invest at your own risk.
Funds % Allocation
DSPML Opportunities-G 5.40
DSPML T.I.G.E.R.-G 4.12
Franklin India Bluechip-G 5.66
Franklin India Flexi Cap-G 5.89
Franklin India Prima-G 6.30
HDFC Equity-G 14.08
HSBC Equity-G 9.30
Kotak 30-G 6.00
Kotak Mid-Cap-G 2.46
Reliance Diversified Power Sector-G 3.37
Reliance Equity-G 3.44
Reliance Growth-G 15.59
Reliance Tax Saver-G 6.38
Reliance Vision-G 12.01
Total 100
Please note that the above MF Portfolio for a 3 to 5 year Horizon to invest, is at your own risk.
My FP's joke = if you make more than what you expect, then give me 25% of it please! If not , I dont know you!
Funds % Allocation
DSPML Opportunities-G 5.40
DSPML T.I.G.E.R.-G 4.12
Franklin India Bluechip-G 5.66
Franklin India Flexi Cap-G 5.89
Franklin India Prima-G 6.30
HDFC Equity-G 14.08
HSBC Equity-G 9.30
Kotak 30-G 6.00
Kotak Mid-Cap-G 2.46
Reliance Diversified Power Sector-G 3.37
Reliance Equity-G 3.44
Reliance Growth-G 15.59
Reliance Tax Saver-G 6.38
Reliance Vision-G 12.01
Total 100
Please note that the above MF Portfolio for a 3 to 5 year Horizon to invest, is at your own risk.
My FP's joke = if you make more than what you expect, then give me 25% of it please! If not , I dont know you!
Lunch with Chidambaram on NDTV Profit
Today I watched a program on NDTV Profit during lunch with FM P Chidambaram.
He did mean that the dog food is a joke, and talked about after life....
He did admit that unemployment ratio was well balanced during 1999-2004 (BJP rule) at around 3%, and this UPA government is also maintaining that but with better growth!
He was beating around the bush on bringing the pulses cost.... but with limited option of imports = meaning, self sustained country is the answer. Grow More and do less Commodity Trading!
The Dividend Distribution Tax DDT, is the best bet for long term investments...
Also 25% DDT is tough on Liquid Funds. With the current rate around 7.5%, the effective yield after expenses at 0.5% would be only 5.25%, less than the easy fixed deposits of 6 months rate at 7.5% (taxable at 33.99% is effective 4.95%)...not bad... only 0.3% more than earlier rate of 6.06%, with the given 3 days to pay, it works out OK.
Also he did explain that the MAT on 10 A/B co's (IT) without sops, with low hardware prices etc... would be spending little more than 1.5% of annual turnover, that is nothing! (with a rate of 11.33%).
But ESOP is still being worked out. Might become law in Sept. The explanation, who pays that tax? It would be at 33.99% and already TCS, Wipro and Satyam have issued statements by HR Heads, that it would be borne by the employee.
I am fascinated on becoming the FM one day. I really want to do good to people.
He did mean that the dog food is a joke, and talked about after life....
He did admit that unemployment ratio was well balanced during 1999-2004 (BJP rule) at around 3%, and this UPA government is also maintaining that but with better growth!
He was beating around the bush on bringing the pulses cost.... but with limited option of imports = meaning, self sustained country is the answer. Grow More and do less Commodity Trading!
The Dividend Distribution Tax DDT, is the best bet for long term investments...
Also 25% DDT is tough on Liquid Funds. With the current rate around 7.5%, the effective yield after expenses at 0.5% would be only 5.25%, less than the easy fixed deposits of 6 months rate at 7.5% (taxable at 33.99% is effective 4.95%)...not bad... only 0.3% more than earlier rate of 6.06%, with the given 3 days to pay, it works out OK.
Also he did explain that the MAT on 10 A/B co's (IT) without sops, with low hardware prices etc... would be spending little more than 1.5% of annual turnover, that is nothing! (with a rate of 11.33%).
But ESOP is still being worked out. Might become law in Sept. The explanation, who pays that tax? It would be at 33.99% and already TCS, Wipro and Satyam have issued statements by HR Heads, that it would be borne by the employee.
I am fascinated on becoming the FM one day. I really want to do good to people.
Beyond AJAX
Here is the link for the article. Very well written. (c) knownow.com
http://www.knownow.com/products/docs/whitepapers/KN-Beyond-AJAX.pdf
http://www.knownow.com/products/docs/whitepapers/KN-Beyond-AJAX.pdf
Wednesday, February 28, 2007
Found on the Net! What the heck on IT?
Now what is a budget? If you are in a majority and thus an aam aadmi, to you budget (read monthly budget) would be something like this:
Roti (Ration/ pani) : Rs. 5 - 7000/-
Makan (rental etc.) : Rs. 7 - 9000/-
Bijli ( water telephone) : Rs. 3 - 4000/-
Dawai (medical) : Rs. 1 - 2000/-
Padai (education cost for two): Rs. 5 - 7000/-
Sadak (tranportation) : Rs. 2 - 3000/-
Total (monthly) budget : Rs. 23000/- to Rs. 32000/-)
This is what are compulsory and minimum expenses. Now even if you are to leave out the optionals (of minimum Rs. 5000/- monthly expenses on clothing/ outings/ holidays / car maintenance etc.), then you are still left with an annual budget of Rs. 2,50,000/- at the minimum and that with a family of four only!
Thereafter, to repeat, if you an aam aadmi, are you left with anything to pay??? Then, is there any point in taxing someone with an income >Rs.2,50,000/- p.a.??!! Chidambaram must consider this as well! Sometimes, atleast!!
Roti (Ration/ pani) : Rs. 5 - 7000/-
Makan (rental etc.) : Rs. 7 - 9000/-
Bijli ( water telephone) : Rs. 3 - 4000/-
Dawai (medical) : Rs. 1 - 2000/-
Padai (education cost for two): Rs. 5 - 7000/-
Sadak (tranportation) : Rs. 2 - 3000/-
Total (monthly) budget : Rs. 23000/- to Rs. 32000/-)
This is what are compulsory and minimum expenses. Now even if you are to leave out the optionals (of minimum Rs. 5000/- monthly expenses on clothing/ outings/ holidays / car maintenance etc.), then you are still left with an annual budget of Rs. 2,50,000/- at the minimum and that with a family of four only!
Thereafter, to repeat, if you an aam aadmi, are you left with anything to pay??? Then, is there any point in taxing someone with an income >Rs.2,50,000/- p.a.??!! Chidambaram must consider this as well! Sometimes, atleast!!
New Budget Tax Implication for Salaried
Well if you are making 2.4 lakhs as salary (forget the IT Fresher is making 3.6 Lakhs....) you will end up saving a cool amount of Rs 1030 or 0.43% (in case of IT Fresher it is 0.29%) extra from FY 2007-08 onwards! Great PC work!
| Salary | 240000 | 360000 | |||
| PF | At 12% | 11520 | 17280 | ||
| Medical | 15000 | 15000 | |||
| Transport | 9600 | 9600 | |||
| Tax Deductions/Savings | 100000 | 100000 | |||
| Total Deductions | 136120 | 141880 | |||
| Taxable Income | 103880 | 218120 | |||
| Exemption | 110000 | 100000 | |||
| 1.1 to 1.5 Lakhs at 10% | 40000 | 4000 | 4000 | ||
| 1.5 to 2.5 Lakhs at 20% | 53880 | 10776 | 33624 | ||
| Above 2.5 Lakhs at 30% | 0 | 0 | 0 | ||
| Cess and Or Surcharge | 3.00% | 443.28 | 1128.72 | ||
| Total Tax | 15219.28 | 6.34% | 38752.72 | 10.76% | |
| Take Home | 213260.7 | 303967.3 | |||
| Monthly | 17771.73 | 25330.61 | |||
| Retirals (PF Deposit) | 11520 | 17280 | |||
| Old Tax FY 2006-07 | 16249.28 | 6.77% | 39782.72 | 11.05% | |
| Extra Savings | 1030 | 0.43% | 1030 | 0.29% |
What Budget? BS?
Now what is a budget? If you are in a majority and thus an aam aadmi, to you budget (read monthly budget) would be something like this:
Roti (Ration/ pani) : Rs. 5 - 7000/-
Makan (rental etc.) : Rs. 7 - 9000/-
Bijli ( water telephone) : Rs. 3 - 4000/-
Dawai (medical) : Rs. 1 - 2000/-
Padai (education cost for two): Rs. 5 - 7000/-
Sadak (tranportation) : Rs. 2 - 3000/-
Total (monthly) budget : Rs. 23000/- to Rs. 32000/-)
This is what are compulsory and minimum expenses. Now even if you are to leave out the optionals (of minimum Rs. 5000/- monthly expenses on clothing/ outings/ holidays / car maintenance etc.), then you are still left with an annual budget of Rs. 2,50,000/- at the minimum and that with a family of four only!
Thereafter, to repeat, if you an aam aadmi, are you left with anything to pay??? Then, is there any point in taxing someone with an income >Rs.2,50,000/- p.a.??!! Chidambaram must consider this as well! Sometimes, atleast!!
Roti (Ration/ pani) : Rs. 5 - 7000/-
Makan (rental etc.) : Rs. 7 - 9000/-
Bijli ( water telephone) : Rs. 3 - 4000/-
Dawai (medical) : Rs. 1 - 2000/-
Padai (education cost for two): Rs. 5 - 7000/-
Sadak (tranportation) : Rs. 2 - 3000/-
Total (monthly) budget : Rs. 23000/- to Rs. 32000/-)
This is what are compulsory and minimum expenses. Now even if you are to leave out the optionals (of minimum Rs. 5000/- monthly expenses on clothing/ outings/ holidays / car maintenance etc.), then you are still left with an annual budget of Rs. 2,50,000/- at the minimum and that with a family of four only!
Thereafter, to repeat, if you an aam aadmi, are you left with anything to pay??? Then, is there any point in taxing someone with an income >Rs.2,50,000/- p.a.??!! Chidambaram must consider this as well! Sometimes, atleast!!
Monday, February 26, 2007
What to expect in our National Budget 2007?
What to expect in our National Budget 2007?
To make thing simple, remove the surcharge.... for the super charged economy..
Hike the PF contribution to 15%, while allocating 5% to social security.
This social security should pay 18 months salary, till the person finds another job, for equal or greater pay. Later at reduced proportions, to ensure people are getting trained for a new job, limiting to 50%.
Medicare should be governed by government fund, for the poor.
Increase the pension and mediclaim exemptions.... to 50 K from the current 15 K.
Increase the transport exemption allowance from Rs 800 a month to atleast Rs 1500 a month.
Altenate minimum tax including the software companies to 15% revising to 17% in next year!
I propose 4 different tax structures (for individuals and corporates).
(1) Upto 1.5 lakhs nil ( For Senior Citizens and Women at 2 Lakhs )
(2) 1.5 Lakhs to 2.5 Lakhs @ 20%
(3) 2.5 Lakhs to 4 Lakhs @ 25% and
(4) Above 4 Lakhs @ 30%
Remove FBT and add it to max tax rate at 2% extra.
Family based exemption for people, to tune up the standard deduction. This should be inflation based. (Casino effect)
May be the 2% cess can be removed too, right now giving about 5000 crores, which can be mopped up easily.
Found on the net.... (author unknown)
VDIS. Make a law that IT officers are non abusive with their power, by restricting to the onus of honesty exhibited by tax payers, ensuring only last 5 previous years of income shall be accounted and the rest taxed at 40% minus any tax paid. As an example, if a persons current net cash asset is worth Rs 1 crore and the current FY income is 20 lakhs, for the rest of 80 lakhs, make him pay 40% at 32 lakhs minus any TDS. For salaried, a leniency for the act of non filing can be given, with a small penalty, but with existing tax rates for those FYs. I can dream that our entire trillions deficit will be wiped out.
To make thing simple, remove the surcharge.... for the super charged economy..
Hike the PF contribution to 15%, while allocating 5% to social security.
This social security should pay 18 months salary, till the person finds another job, for equal or greater pay. Later at reduced proportions, to ensure people are getting trained for a new job, limiting to 50%.
Medicare should be governed by government fund, for the poor.
Increase the pension and mediclaim exemptions.... to 50 K from the current 15 K.
Increase the transport exemption allowance from Rs 800 a month to atleast Rs 1500 a month.
Altenate minimum tax including the software companies to 15% revising to 17% in next year!
I propose 4 different tax structures (for individuals and corporates).
(1) Upto 1.5 lakhs nil ( For Senior Citizens and Women at 2 Lakhs )
(2) 1.5 Lakhs to 2.5 Lakhs @ 20%
(3) 2.5 Lakhs to 4 Lakhs @ 25% and
(4) Above 4 Lakhs @ 30%
Remove FBT and add it to max tax rate at 2% extra.
Family based exemption for people, to tune up the standard deduction. This should be inflation based. (Casino effect)
May be the 2% cess can be removed too, right now giving about 5000 crores, which can be mopped up easily.
Found on the net.... (author unknown)
VDIS. Make a law that IT officers are non abusive with their power, by restricting to the onus of honesty exhibited by tax payers, ensuring only last 5 previous years of income shall be accounted and the rest taxed at 40% minus any tax paid. As an example, if a persons current net cash asset is worth Rs 1 crore and the current FY income is 20 lakhs, for the rest of 80 lakhs, make him pay 40% at 32 lakhs minus any TDS. For salaried, a leniency for the act of non filing can be given, with a small penalty, but with existing tax rates for those FYs. I can dream that our entire trillions deficit will be wiped out.
Super Railway Budget
The Railway Minister, has doen a very great job! hats off Laluji!
Super Railway Budget!
Fare cuts, to cut inflation...
Petrol & Diesel co's and the transporters can get a 5% cut...
AC fares cheaper by about 3 to 6% and Slepeer class fares cut by 4%, really economy is booming....
Super Railway Budget!
Fare cuts, to cut inflation...
Petrol & Diesel co's and the transporters can get a 5% cut...
AC fares cheaper by about 3 to 6% and Slepeer class fares cut by 4%, really economy is booming....
Are you looking for a US $100K job?
Are you looking for a $100K job? The only catch is you should be making $ 75K and above now! (All figures in USD)
http://hr.theladders.com/reg/ppcladder?pl=gt-hr&cr=gchr111&source=gopaid
http://hr.theladders.com/reg/ppcladder?pl=gt-hr&cr=gchr111&source=gopaid
Daylight Saving Time
Note that the Daylight Saving Time, is going to give more money for Indian Software companies. Thanks Mr Bush on behalf of India! There should be more H1B numbers in the offing soon! (Spring session!)
Here is the list of the new DST for USA.
How it works? At 2 am in the morning USA, changes the clock forward.... by 1 hour. From 2007 onwards 3 weeks early starting by March 3rd week Sunday and ending on 1st week on November, to save energy it seems! (giving more time for people at home!)
United States European Union
Starts/Ends at 2 a.m. Starts/Ends 1 a.m. UT
Year DST DST Summertime Summertime
2003 6-Apr 26-Oct 30-Mar 26-Oct
2004 4-Apr 31-Oct 28-Mar 31-Oct
2005 3-Apr 30-Oct 27-Mar 30-Oct
2006 2-Apr 29-Oct 26-Mar 29-Oct
2007 11-Mar 4-Nov 25-Mar 28-Oct
2008 9-Mar 2-Nov 30-Mar 26-Oct
2009 8-Mar 1-Nov 29-Mar 25-Oct
2010 14-Mar 7-Nov 28-Mar 31-Oct
Here is the list of the new DST for USA.
How it works? At 2 am in the morning USA, changes the clock forward.... by 1 hour. From 2007 onwards 3 weeks early starting by March 3rd week Sunday and ending on 1st week on November, to save energy it seems! (giving more time for people at home!)
United States European Union
Starts/Ends at 2 a.m. Starts/Ends 1 a.m. UT
Year DST DST Summertime Summertime
2003 6-Apr 26-Oct 30-Mar 26-Oct
2004 4-Apr 31-Oct 28-Mar 31-Oct
2005 3-Apr 30-Oct 27-Mar 30-Oct
2006 2-Apr 29-Oct 26-Mar 29-Oct
2007 11-Mar 4-Nov 25-Mar 28-Oct
2008 9-Mar 2-Nov 30-Mar 26-Oct
2009 8-Mar 1-Nov 29-Mar 25-Oct
2010 14-Mar 7-Nov 28-Mar 31-Oct
ITS CALLED FAITH
ITS CALLED FAITH
There was a young man who went overseas to study for
quite a long time. When he returned, he asked his
parents to find him a religious scholar or any
expert who could answer his 3 Questions. Finally,
his parents were able to find a Muslim scholar.
Young man: Who are you? Can you answer my questions?
Scholar: I am one of Allah (SubHana Wa At`Ala )'S
slaves and Insha-Allah (God willing), I will be able
to answer your questions.
Young man: Are you sure? A lot of Professors and
experts were not able to answer my questions.
Scholar: I will try my best, with the help of
Allah(SubHana Wa At`Ala).
Young Man: I have 3 questions:
1. Does God exist? If so, show me His shape.
2. What is thaqdir (fate)?
3. If shaitan (Devil) was created from the fire, why
at the end he will be thrown to hell that is also
created from fire. It certainly will not hurt
him at all, since Shaitan (Devil) and the hell were
created from fire. Did God not think of it this far?
Suddenly, the Scholar slapped the young man's face
very hard.
Young Man (feeling pain): Why do you get angry at
me?
Scholar: I am not angry. The slap is my answer to
your three questions.
Young Man: I really don't understand.
Scholar: How do you feel after I slapped you?
Young Man: Of course, I felt the pain.
Scholar: So do you believe that pain exists?
Young Man: Yes.
Scholar: Show me the shape of the pain!
Young Man: I cannot.
Scholar: That is my first answer. All of us feel
God's existence without being able to see His
shape... Last night, did you dream that you will be
slapped by me?
Young Man: No.
Scholar: Did you ever think that you will get a slap
from me, today?
Young Man: No.
Scholar: That is takdir (fate) my second
answer........ My hand that I used to slap you, what
is it created from?
Young Man: It is created from flesh.
Scholar: How about your face, what is it created
from?
Young Man: Flesh.
Scholar: How do you feel after I slapped you?
Young Man: In pain.
Scholar: That's it. This is my third answer, Even
though Shaitan (Devil) and also the hell were created
from the fire, if Allah wants, insha-Allah (God
willing), the hell will become a very painful place
for Shaitan
There was a young man who went overseas to study for
quite a long time. When he returned, he asked his
parents to find him a religious scholar or any
expert who could answer his 3 Questions. Finally,
his parents were able to find a Muslim scholar.
Young man: Who are you? Can you answer my questions?
Scholar: I am one of Allah (SubHana Wa At`Ala )'S
slaves and Insha-Allah (God willing), I will be able
to answer your questions.
Young man: Are you sure? A lot of Professors and
experts were not able to answer my questions.
Scholar: I will try my best, with the help of
Allah(SubHana Wa At`Ala).
Young Man: I have 3 questions:
1. Does God exist? If so, show me His shape.
2. What is thaqdir (fate)?
3. If shaitan (Devil) was created from the fire, why
at the end he will be thrown to hell that is also
created from fire. It certainly will not hurt
him at all, since Shaitan (Devil) and the hell were
created from fire. Did God not think of it this far?
Suddenly, the Scholar slapped the young man's face
very hard.
Young Man (feeling pain): Why do you get angry at
me?
Scholar: I am not angry. The slap is my answer to
your three questions.
Young Man: I really don't understand.
Scholar: How do you feel after I slapped you?
Young Man: Of course, I felt the pain.
Scholar: So do you believe that pain exists?
Young Man: Yes.
Scholar: Show me the shape of the pain!
Young Man: I cannot.
Scholar: That is my first answer. All of us feel
God's existence without being able to see His
shape... Last night, did you dream that you will be
slapped by me?
Young Man: No.
Scholar: Did you ever think that you will get a slap
from me, today?
Young Man: No.
Scholar: That is takdir (fate) my second
answer........ My hand that I used to slap you, what
is it created from?
Young Man: It is created from flesh.
Scholar: How about your face, what is it created
from?
Young Man: Flesh.
Scholar: How do you feel after I slapped you?
Young Man: In pain.
Scholar: That's it. This is my third answer, Even
though Shaitan (Devil) and also the hell were created
from the fire, if Allah wants, insha-Allah (God
willing), the hell will become a very painful place
for Shaitan
Microsoft Changes Daylight Savings time
Here is the update from Microsoft on Daylight Savings time....
lots of programming changes in the offing for Dot Net users/coders.
http://msdn2.microsoft.com/en-us/vstudio/bb264729.aspx
lots of programming changes in the offing for Dot Net users/coders.
http://msdn2.microsoft.com/en-us/vstudio/bb264729.aspx
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