Just out of curiosity and to learn more, for past few years, I have been calculating tax, making whatever extra payment other than TDS online, filling return forms and submitting tax return myself. I am always excited to try new ways government implements.

I registered myself 3 years back to view tax credits paid by my employer as TDS. You can also register here : Check you tax credits. You can also download Form 26 AS here and see how much tax has been deposited on your name from your employer or any other firm.

Recently I saw a new education website StudyTimes.com. Amazingly they have more or less copied pasted design/creatives from another website Studyplaces.com, which is there from past two years.

At some places (http://www.studytimes.com/studyabroad/), They even copy-pasted same internal banners as on StudyPlaces. See screenshot below:

StudyTimes - same creatives used as on StudyPlaces.com

WTF, Is there not any legal issue in this. You can get inspired from others on web but can you just save someone’s creative images and use on your site.

Read Full Article Here >>

आदमी आज़ाद है, देश भी स्वतंत्र है, राजा गए रानी गयी, अब तो प्रजातंत्र है
जन के लिए जन के द्वारा जनता का राज है, प्रजातंत्र सबसे बड़ा हम सबको नाज़ है

Finally much awaited Indian election results are out.

Indians eventually have thrown out power traders, dividers and self acclaimed king makers.

Its a win of India and its people.

They do not want any regional and small party to blackmail government and stop their country’s progress.

They want development, jobs, infrastructure and quick recovery from recession.

Bye Bye Maya, Lefties, Lalu, Paswan and Mulayam !

For recession hit corporate India, the big bang reforms may be coming soon. India Inc. is full of Hope.

All parties are trying to catch voter at younger stage. Every party trying to project that they have younger leaders which connect to youngsters.

Congress have many young faces. Buy did they actually projected them?
Last time at election, they had Murli Dewra, Sachin Poilet, Jyotiraditya Scindia won the elections, but old party did not believe in giving them ministership and did not gave them a chance to manager India Inc.

Congress may claim that they have younger leaders but they are not ready to give them power and their old aged politicians want to suck blood from Indians first. Is it not double fascism. At time to votes, they ask votes in name of young leaders and when they win, they do not care for young leaders.

I strongly believe that Indian need CEOs to manage the country and not the 80 years old politicians.

In current economic conditions, recession and jobless environment, younger generation have become restless and frustrated. They need somebody who can lead them to good future and not play caste, religion and reservations based politics.

Next generation, Come out and change the country and this world. Throw these age old politicians out of the world. Bring a change !

Samsung LED TV has been launched a series of energy-efficient LED technology-based televisions in the Indian market. LED TVs use the latest technology by cascading millions of LEDs (Light emitting diodes) together to produce brilliant quality pictures, where as LCD TVs use Liquid Crystal Display.

Visit the Samsung India Site to see and compare them.

Models:
Models are currently offered in series 6 and 7 series range.
In 7 series range, Samsung has come up with model numbers UA46B7000 (46 inch), UA40B7000 (40 inches). In 6 series range,  model numbers UA46B6000 (46 inch), UA40B6000 (40 inches) are available.

Specifications:
Resolution: 1920 x 1080
Sound System: SRS TruSurround HD
Woofer : Yes (only in 46 inches)
Other features: Mega Dynamic Contrast Ratio, Wide Color Enhancer, Sleep Timer, Still Picture, Auto Channel Search, Auto Power Off, Picture-In-Picture, USB2.0 support, Wireless LAN Adaptor Support, 4 HDMI Ports, PC Input, LAN port

Special Features:

• Picture Perfect – Mega Contrast Ratio feature brings out all the shades of gray. A Wide Colour Enhancer Pro with LED gamut ensures every entire pixel is robust and vibrant. This enables the TV to display a wider range of natural colours and provide greater depth. Also Its 100Hz Motion Plus technology removes edge-blur.
• Crystal Design – Slimmest TV in the world. Actual Width is only 2.99 Cms. Just like a picture frame, can be hung on wall with a single screw.
• Green Technology: It has very low carbon footprint so good for nature earth. LED TV use low electricity and are made of environment-friendly products.
• Connectivity: Can be connected to computers and other data devices thru Wireless LAN, USB, Lan connection or a direct connection to PC/Laptop.

Samsung has always been at the forefront of TV technology and is known for its award winning innovations. Lets see how successful these new innovations become.

Once upon a time, I used to believe in a party, BJP (Bhartiya Janta Party). At that time, they had leaders who were capable, with clean image and educated.

But Now, they seems like too hungry for power and fighting among themselves. They do not have any issues and just try to make issue out of anything. The ideology is finished. They can tie up with any tom, dick and harry party if needed.

Even this election is not over and they are speculating for next prime minister candidate. Earlier I used to think that they think for this country. But that thought don’t come now. BJP has become red-faced. I don’t believe in what they say anymore.

They don’t even have now any young face to which I can connect to or inspire from. They are playing cheap politics.

I firmly believe that if region and caste based politics is removed from this country, it can very fast become a developed country.

People like Mayawati thinks that by gaining 40-50 seats they can become prime minister of India.

For choosing a country’s prime minister, regional parties should not even be allowed to take part in election. Lalu, Paswan, Mulayam, Left parties etc become traders after elections. They decide who will become prime minister. Have they ever think about National interest. They can not rise above their dividing and caste/religion based politics. They see only their money interests.

In every state, we have regional parties ruling and they tie up and bargain in Loksabha elections everytime its there. Akali Dal in Punjab, Shiv Sena in Maharashtra, Biju Janta Dal in Orissa, Janta Dal united in Bihar, Left in West Bangal, .
None of these parties open their cards before elections and trade afterwords. Does Indian voters do not feel cheated as these regional parties decide their candidate after election.

God, Please save India from regional parties and their politics !!

To minimize online transaction frauds in India, RBI has come out with more safer guidelines for online transactions. As per RBI, both credit and debit card holder have to validate their identity while performing an online transaction.

There can be multiple ways thru which identity validations can be done. One option is to send a transaction code as SMS to user’s mobile on each transaction, using which the transaction can be completed. Another option is to provide users a code generator device.

SBI, ICICI, Kotak Mahindra Banks and Citibank sends one time code as SMS to mobile for authenticating the transaction. HSBC provides a digital code generator which has to be used for any transaction online. HDFC uses a image and text to validate the user which has to be configured at time of net banking registeration.

Its difficult for a hacker to have access of everything including username, password, mobile phone or code generator.

Most of the banks do validation one time only at the time of activating third party beneficiaries. In all future transaction with activated third party accounts are not authenticated.

In case of credit card, Both MasterCard (called MasterCard SecureCode) and Visa (called Verified by Visa) uses password for authenticating online transactions. Some credit card have a feature of limiting the amount maximum of which a transaction can be done online.

New Pension Scheme (NPS)

PFRDA (Pension Fund Regulatory and Development Authority), India has opened New Pension Scheme (NPS) to all Indian citizens starting today, on 1st May, 2009.

Its a safe, flexible and portable scheme introduced by Indian Goverment’s cell PFRDA; to replace the existing System of Pension System in the country.

PFRDA was established by the Government of India to promote old age income security by establishing, developing and regulating pension funds, to protect the interests of subscribers to schemes of pension funds.

Initially it was decided that it will be open for public from 1st April, 2009, but the launch date has been postponed due to the model code of conduct for the general elections coming into effect.

Read Full Article Here >>

IIT (Indian Institute of Technology) JEE (Joint Entrance Examination) was held on April 12th, 2009.
Over 4 lakh students in India took examination for admission into 15 IITs, the IT-BHU and Indian School of Mines University, Dhanbad; In total all have around 8,000 seats.
As per sources, paper was bit difficult this year so cut-offs are expected to be lower than previous year.
Exam results is expected to be announced on May 25,2009.

Solutions for IITJEE exam can be found here : IITJEE  2009 Solutions

Results for the IIT-JEE can be found online at the following websites:

1. IIT Delhi JEE 2009 – Results Link : www.jee.iitd.ac.in/
2. IIT Bombay JEE 2009 – Results Link : www.jee.iitb.ac.in/result.htm
3. IIT Guwahati JEE 2009 – Results Link : www.iitg.ernet.in/jee
4. IIT Kanpur JEE 2009 – Results Link : www.jee.iitk.ac.in
5. IIT Kharagpur JEE 2009 – Results Link : www.iitkgp.ernet.in/jee
6. IIT Madras JEE 2009 – Results Link: www.jee.iitm.ac.in
7. IIT Roorkee JEE 2009 – Results Link : www.jee.iitr.ernet.in/

Most of people like me (employed in different organizations) need to know how much tax will be deducted every month as TDS (Tax deducted as source) by their employer.

To help all of us, I have create a small but powerful income tax calculator using which one can find out how much In hand he will get, how much HRA proof he needs to provide make HRA non-taxable, whats the total tax he will have to pay for a year. After you calculate your taxes, you should also read How to file income tax return online.

  Income Tax Calculator for Financial Year 2008-2009 (71.0 KiB, 2,083 hits)

  Income Tax Calculator for Financial Year 2009-2010 (70.5 KiB, 5,118 hits)

Today heard of layoffs in Sapient Gurgaon Office.

Heard that all meeting rooms are covered with black clothes.
Doctors, ambulances and extra cabs are arranged. People were sent packing in cabs in batches.

Must be very sad mood out there. Feeling very bad about guys there.

Somebody please save this world from recession.

Stay here for more details later!

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easycabs 011-43434343
quickcabs 011-45333333
Delhi Cabs 011- 44333222, 44222222
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From now on, Employee will not have to submit proofs as evidence, to their employers for getting LTA (leave travel allowance) reimbursement.

Supreme court of India gave ruling that employers, while reimbursing LTA claims of their employees, are under no statutory obligation to collect  evidence and provide them to tax authorities.

As per Income tax rules of India, if transport bills for LTA are not provided, the amount will be taxed. E.g. If an employee has LTA allowance as Rs 50,000 in his CTC(cost to company), and he provides proofs of Rs 40,000 (boarding pass, air tickets, taxi vouchers) then income tax will be deducted for rest of the Rs 10,000. Does not matter whats the amount of LTA in an employee’s package, income tax laws only permits domestic air tickets only for LTA claim.

This court order came after a hearing of case between Larsen & Toubro and income tax department of India. Income tax department had argued that employer has to collect proofs from employee for LTA. Rejecting this, the supreme court in its order said: “The beneficiary of exemption under Section 10(5) (of the Income Tax Act) is an individual employee. There is no circular of Central Board of Direct Taxes (CBDT) requiring the employer under Section 192 to collect and examine the supporting evidence to the declaration to be submitted by an employee(s).”