Income taxes deductions in India.

Every year one has to pay taxes on earnings, Here I am only mentioning about earned income for an individual who works in an institution. ( for year 2011-2012)

The most commonly deductions are :

There are 4 most commonly used deductions that most people can avail of. These are popularly known by the section of the Income Tax Act under which they appear. Click on each of them to get more details.

80C deduction: Up to Rs.1 lakh, and used towards certain investments, payment of insurance premium, repayment of home loan principal amount, provident fund etc.

80D deduction: Up to Rs.15,000, and used towards annual medical expenses

80E deduction: Deduction of entire amount of interest paid on higher education loan for any family member

80G deduction: Deduction for contribution to charitable organization

In addition to these, there are numerous other deductions that are less common or that might not usually apply to you. Please check with your tax advisor if you might be eligible for any other deductions.

This is a cut and paste from one of the sources I found on the Internet.

http://www.itrust.in/content/tax-planning/What-are-the-most-commonly-available-deductions

http://www.topfinancearticles.info/income-tax-slab-rate

 

Fw: Fwd: This Is Attitude

 

Regards,
Shashi

----- Forwarded Message -----
From: satya srinivas <kushi424@yahoo.com>
To: arati suresh <asuresh23@gmail.com>; shashi <kiranshash@yahoo.com>; shyamala ganesh <shyganesh@yahoo.co.in>; rajini rajani ramkumar <casaflora@yahoo.com>; Veena Harish <veeshahar@yahoo.com>; kamala vijayan <vijayanfamily@gmail.com>; Sindhu Shivapuja <sindhu.shivapuja@gmail.com>; Preethi Murthy <preethimurthy@hotmail.com>; mollamma peter <merinpeter07@gmail.com>; Shilpa Bagamane <shimmer78@rediffmail.com>; Ravi Kiran <rkiran3@yahoo.com>
Sent: Wednesday, February 22, 2012 8:57 PM
Subject: Fw: Fwd: This Is Attitude

 

satya

Sent from my iPad

Begin forwarded message:

From: Gurkirpal Singh <gurkirpal_singh@hotmail.com>Date: February 22, 2012 11:01:19 AM GMT+05:30To: Himamshu <himamshu_jyothi@yahoo.co.in>Subject: Fwd: This Is Attitude

Singh <drgurmit@yahoo.com>Date: 22 February 2012 0:40:31 GMT+05:30To: gurkirpal_singh@hotmail.comSubject: Fwd: This Is Attitude

 

 

This is attitude IF AN EGG IS BROKEN BY AN OUTSIDE FORCE, A LIFE ENDS. IF AN EGG BREAKS FROM WITHIN, A LIFE BEGINS. GREAT THINGS ALWAYS BEGIN FROM WITHIN.           This is attitude   IT'S BETTER TO LOSE YOUR EGO TO THE ONE YOU LOVE, THAN TO LOSE THE ONE YOU LOVE BECAUSE OF YOUR EGO.                     This is attitude   WHY WE HAVE SO MANY TEMPLES ,   IF GOD IS EVERYWHERE? A WISE MAN SAID : AIR IS EVERYWHERE, BUT WE STILL NEED A FAN  TO FEEL IT.                 This is attitude   When you trust someone, trust him completely without any doubt. At the end, you would get one of the two; either a lesson for your life or a very good person. (The picture shows Edmund Hillary and Tenzing Norgay.)                     This is attitude   LIFE IS NOT ABOUT THE PEOPLE WHO ACT TRUE TO YOUR FACE. IT'S ABOUT THE PEOPLE WHO REMAIN TRUE BEHIND YOUR BACK.                   This is attitude   SOLDIER : SIR, WE ARE SURROUNDED FROM ALL SIDES BY ENEMIES. MAJOR : EXCELLENT ! WE CAN ATTACK IN ANY DIRECTION.                   This is attitude   THE WORST THING IN LIFE IS 'ATTACHMENT'. IT HURTS WHEN YOU LOSE IT. THE BEST THING IN LIFE IS 'LONELINESS' BECAUSE IT TEACHES YOU EVERYTHING AND, WHEN YOU LOSE IT, YOU GET EVERYTHING.                     This is attitude   "You never conquer a mountain. You stand on the summit a few moments; then the wind blows your footprints away." -Arlene Blum                   This is attitude     "I hear and I forget. I see and I remember. I do and I understand." -Chinese proverb                   This is attitude   "The greatest waste in the world is the difference between what we are and what we could become." -Ben Herbster

 

--

PREETI GANGOLY

DK havanoor -Infantry officer and the article on mules in J & K

Nice article - enjoy.

http://timesofindia.indiatimes.com/home/opinion/edit-page/Arms-and-the-mule/articleshow/11952176.cms

Searching for Reality - Nice article in TOI - by Osho

-- Found this article in the speaking tree column in today's paper. -- 

This is difficult! Nobody has ever been able to know it - because, love is a game. That is its reality! So if you are waiting, watching, thinking and analysing whether the woman is just playing a game, you will never be able to love any woman - because love is a game, the supreme-most game.

Why ask for it to be real? Play the game! That's its reality. And if you are too much of a seeker for reality, then love is not for you. It is a dream! It is a fantasy. It is fiction, romance, it is poetry. If you are too much of a seeker for reality, obsessed with reality, then, love is not for you; then you meditate.

There is no way to judge. We are such strangers and our meeting is just accidental. Suddenly we have come across each other, not knowing who we are, not knowing who the other is. Two strangers meeting on a road, feeling alone, hold each other's hands and think they are in love. They are in need of the other, certainly, but is this love?

People feel lonely; they need somebody to fill their loneliness. They call it love. They show love because that is the only way to hook the other. The other also calls it love because that is the only way to hook you. But who knows whether there is love or not? Real love happens only when you don't need anybody; that's the difficulty.

That's how banks function. If you go to a bank and you need money, they will not give you any. If you don't need money, you have enough, they will come to you and they will always be ready to give you.

When you don't need a person at all, when you are totally sufficient unto yourself, when you can be alone and tremendously happy and ecstatic, then love is possible. But even then you cannot be certain whether the other's love is real or not. You can be certain about only one thing: whether your love is real. How can you be certain about the other? But there is no need for this constant anxiety. If you agonise over whether the other's love is real or not it shows that your love is not real. Why be worried about it? Enjoy it while it lasts! Be together while you can be together. You need fiction. Nietzsche said that man is such that he cannot live without lies, he cannot live with truth. Lies, in a subtle way, lubricate your system. You both are trying to use each other as a means.

Don't create anxiety. And try to become more and more awake.

One day when you are really awake you will be able to love - but then you will be certain about your love only. But that's enough! Because right now you want to use others. When you are really blissful on your own, you don't want to use anybody. You simply want to share. You have so much, you are overflowing, you would like somebody to share it. And you will feel thankful that somebody was ready to receive. Finished! That is the full point. A Sudden Clash of Thunder, courtesy Osho International Foundation, www.osho.com

Follow Osho on our website, www.speakingtree.in

http://timesofindia.indiatimes.com/life-style/spirituality/new-age-insight/Lets-play-the-game-of-love/articleshow/11873417.cms