Tuesday, January 22, 2008

Income Tax - Save today

It's Tax time!
Invest & Save Tax and make the best use of your money!
Tax Calculator - http://www.laws4india.com/calculator-i.asp (Excel)


PS: Consult your Financial Advisor for more details.

Tax Calculation (
ASSESSMENT YEAR 2008-2009)
RELEVANT TO FINANCIAL YEAR 2007-2008
I TAX RATES FOR INDIVIDUALS OTHER THAN II & III

Upto 1,10,000 - Nil
1,10,000 to 1,50,000 - 10% of the amount exceeding 1,10,000
1,50,000 to 2,50,000 - Rs.4,000 + 20% of the amount exceeding 1,50,000
2,50,000 & above - Rs.24,000 + 30% of the amount exceeding 2,50,000

II TAX RATES FOR RESIDENT WOMAN BELOW 65 YEARS

Upto 1,45,000 - Nil
1,45,000 to 1,50,000 - 10% of the amount exceeding 1,45,000
1,50,000 to 2,50,000 - Rs.500 + 20% of the amount exceeding 1,50,000
2,50,000 & above - Rs.20,500 + 30% of the amount exceeding 2,50,000

III TAX RATES FOR INDIVIDUAL RESIDENTS AGED 65 YRS AND ABOVE

Upto 1,95,000 - Nil
1,95,000 to 2,50,000 - 20% of the amount exceeding 1,95,000
2,50,000 & above - Rs.11,000 + 30% of the amount exceeding 2,50,000


Related Websites:
http://incometaxindia.gov.in/
http://www.taxmann.com/
http://www.laws4india.com/
http://www.incometaxbangalore.org/taxinfo/taxrates.htm
http://www.mutualfundsindia.com/
http://www.amfiindia.com/
http://en.wikipedia.org/wiki/Income_tax_in_India

Thursday, January 10, 2008

Tata Nano Car

Tata Nano - 1 Lakh Car

Ratan Tata rolls the window down and talks about the vision and conviction, the innovation and improvisation, and the leap of faith that went into creating the
People’s Car

Tata Nano - Petrol (Standard & Luxury versions will be available)
Tata Nano - Diesel is the Next to come...







Tata Nano - Petrol - 1 Lakh (Ex-showroom price)
* Specifications:
- 623cc, 33 HP,
rear mounted multi-point fuel injection (MPFi) petrol engine which can speed upto 90km and fuel efficiency at 20kmpl.
- ECO friendly? - Nano not complaint with Bharat Stage III or Euro IV.
* Nano Phnomenon: http://www.tata.com/tata_motors/media/20080111_nano.htm

What do you think:
* Will it replace Auto Rickshaw or Call Taxi?
* How does this address traffic conditions in major cities?
* Will it replace two wheelers and move to Nano?

* What's next: RENAULT YENI - Mahindra lauching this year - Rs. 1,30,000/-

Links:
Tata People's Car: http://www.tatapeoplescar.com/tatamotors/
Tata Motors: http://www.tata.com/
Interview: http://www.tata.com/0_media/features/interviews/20080110_one_lakh_car.htm
Moneycontrol Interview: http://www.moneycontrol.com/india/news/business/nanos-diesel-version-to-be-launched-soon-ratan-tata/14/10/320684
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