Sachin donates entire salary of Rs 90 lakh to Prime Minister’s Relief Fund

Sachin Tendulkar has donated his entire salary and allowances that he earned as a Rajya Sabha MP to the Prime Minister’s Relief Fund. In his term of six years as Rajya Sabha MP, Tendulkar has drawn nearly Rs 90 lakh in salaries and other monthly allowances. This information was revealed after the Prime Minister Office released a letter of acknowledgement which thanked Tendulkar for his gesture.

“Prime Minister acknowledges this thoughtful gesture and conveys his gratitude. These contributions will be of immense help in providing assistance to the persons in distress,” the letter of acknowledge stated.

During his term, Tendulkar has been criticised a lot for his poor attendance in the Parliament all these years. He, however, has made good utilisation of MP Local Area Development fund. Other veterans like actress Rekha has also been criticised for her attendance in Parliament.

According to data released by Tendulkar’s office, he has claimed to have sanctioned 185 projects across the country with Rs 7.4 crore out of his allocated Rs 30 crore being used for educational and related structural development, including building and renovation of classrooms.

Tendulkar also adopted two villages under the Sansad Gram Adarsh Gram Yojana Scheme, including Puttam Raju Kandriga in Andhra Pradesh and Donja in Maharashtra.

Source by:- indianexpress

LTCG tax, other Budget proposals to kick in from April 1

Several budget proposals including the reintroduction of tax on long term capital gains(LTCG) exceeding Rs 1 lakh from sale of shares will kick in from April 1, the beginning of 2018-19 financial year.

Besides, other tax proposals like reduced corporate tax of 25 per cent on businesses on turnover of up to Rs 250 crore and a standard deduction of Rs 40,000 in lieu of transport allowance and medical reimbursement will come into effect from Sunday.

While the exemption limit on income from interest for senior citizens has been raised five times to Rs 50,000 per year, the limit of deduction for health insurance premium and medical expenditure has been raised to Rs 50,000 from Rs 30,000 under section 80D of the I-T Act. For senior and very senior citizens, the tax deduction for critical illness will be Rs 1 lakh from April 1, as against the existing limit of Rs 60,000 for senior citizens and Rs 80,000 for very senior citizens.

In the last regular Budget of the present NDA government, Finance Minister Arun Jaitley had retained the 10-15 per cent surcharge on super-rich, while raising the health and education cess, levied on all taxable income, to 4 per cent from 3 per cent at present.

These proposals too will come into effect from Sunday.

The 2018-19 Budget had after a gap of 14 years reintroduced 10 per cent tax on LTCG exceeding Rs 1 lakh from sale of shares.

Currently, 15 per cent tax is levied on capital gains made on share sale within a year of purchase. However, it is nil for shares sold after a year of purchase.

However, indexation benefit for computing tax liability on sale of shares listed after January 31 will be available, which will come as a relief to investors. In July 2004, the government had abolished LTCG tax on shares and replaced it with the securities transaction tax (STT) – a same-day tax credit system that continues.

Keeping the income tax rates and slabs unchanged, the Budget introduced a Rs 40,000 standard deduction for salaried employees and pensioners in lieu of the present exemption in respect of transport and medical expenses.

The standard deduction, which is provided to salary earners, was discontinued from the assessment year 2006-07. Presently, no tax is applicable on Rs 19,200 of transport allowance and medical expenditure of up to Rs 15,000. This has now been subsumed into the new standard deduction of Rs 40,000 which may mean very little benefit in tax saving considering that health and education cess has gone up.

With regard to corporate tax, the Budget has lowered the rate to 25 per cent for companies with turnover of up to Rs 250 crore in 2016-17.

The changes will benefit the entire class of micro, small and medium enterprises which accounts for almost 99 per cent of companies filing their tax returns.

In 2015 Budget, Jaitley had promised to reduce corporate tax from current 30 per cent to 25 per cent over four years.




Source by:- moneycontrol

10 new WhatsApp features you should try

WhatsApp is the most popular messaging app which is used by millions of users. The developers keep on rolling new features regularly to improve the user experience. Recently, WhatsApp has launched many features. Not many of us are aware of these features. Those who are unaware of these features are losing its experience.

Here’s the list of the top 10 new WhatsApp features that you should try to enhance your messaging experience in the app.

Pay via WhatsApp

WhatsApp has finally rolled out its payment feature which is connected with UPI. This makes the entire transaction process easy. One should have the UPI payment option open for utilising this feature.

Delete your sent messages

Delete your sent messages

We often end up sending a message that we shouldn’t. Earlier we didn’t have the option of undoing this mistake. But now you can delete the sent messages for everyone.

Describe your group

Describe your group

We traditionally used to name a group after creating it on WhatsApp. But now you can give a description to the group that you have created. You can use this feature to give details about the group.

Group video calling

Group video calling

One on one video chat was previously available for the WhatsApp users. But now just like group chat, you can have a group video. You can now simultaneously have a video chat with four people.

Use WhatsApp for your business development

Use WhatsApp for your business development

WhatsApp now allows the business owners to have a proper interaction with their customers on the platform. The business profiles are verified, and the app also offers important features like greeting messages and quick replies.

Share photos with location and time stickers

Share photos with location and time stickers

The location and time sticker feature enables you to add location and time to the photographs while sharing them with your friends.

Switch between voice and video calls

Switch between voice and video calls

While making a voice call, you can easily switch to video call and vice-versa. The users need to pull a hidden switch to make them jump. However, both the users have to give the consent for switching it.

Play YouTube videos from your WhatsApp chat window directly

Play YouTube videos from your WhatsApp chat window directly

Now you can play the YouTube videos directly on the WhatsApp chat windows. The YouTube video will be displayed in a tiny bubble and you will increase and decrease its size depending on your requirement.

Change the look of your WhatsApp icon

Change the look of your WhatsApp icon

Android Oreo supports the adaptive icon feature, and now WhatsApp supports it too. Through this feature, you get the freedom to choose a WhatsApp logo that you like. You can also choose the shape of the logo too.

Share your location with your friends

Share your location with your friends

WhatsApp allows you to share live location with your friends. And then you can also share your real-time location with the user. One needs to keep the GPS on to activate this feature. Similarly, you can receive

Wrap Up

Use these features and enhance your texting, audio and video calling on your WhatsApp messenger.




Source by:- gizbot

How to Apply Online for a Business or Tourism Visitor Visa to the U.S.

If you are planning a brief visit to the U.S. for business or tourism, you might need to apply for a visitor or a transit visa. These are the steps you should take:

1. Find out if you need a visa.

Check to see if your country participates in the U.S. Visa Waiver Program (VWP). If you don’t see your country listed, you will need a nonimmigrant visa to visit the U.S.

2.  Determine which visa you might need for your visit.

Most business and tourism travelers use B-1 and B-2 visitor visas.

  • B-1 visa classification is for business travelers to consult with business associates, attend a conference, settle an estate, or negotiate a contract.
  • B-2 visa classification is for tourists on vacation and people coming for medical treatment, a social event, or participation in amateur contests for no pay.

Transit visas are less common.

  • Transit C visa classification is for foreign nationals traveling through the U.S. to another country and stopping briefly in the U.S. as part of their travel to the next foreign destination.
  • Transit C-1, D, and C-1/D visas are for crewmembers of sea vessels or international airlines traveling to the U.S.

3. Apply for a visa.

The process of applying for a visa will vary depending on the U.S. Embassy or Consulate where you apply. Follow the specific instructions for the country that you’re in.

In general, you will need:

  • To complete online form DS-160, the nonimmigrant visa application form
  • A photo
  • A visa application fee
  • To schedule an interview

Waiver Program for Tourists and Business Travelers

International travelers for business or pleasure who are citizens of one of the 38 countries that participate in the U.S.’s Visa Waiver Program (VWP) can get a visa waiver. While you do not need a visa to come to the U.S. for your business meeting or for vacation, you must get an approved travel authorization prior to your trip to the U.S.

How to Apply and Get Approval to Travel to the U.S.

  • Check the list of 38 countries that participate in the VWP.
  • You must have an e-Passport to use the VWP. This type of passport is also known as an electronic passport and has an embedded chip in it.
  • Fill out the Electronic System for Travel Authorization (ESTA) online application. ESTA determines the eligibility of a visitor to travel to the U.S. under the VWP.
  • The processing fee is $4.00 and if you are approved, there is an additional $10.00 authorization charge. Learn how to pay for your ESTA fee.
  • When you fill out your application, you will get an ESTA application number. Use this number to check the status of your application if it has been accepted to travel to the U.S.

Visitors traveling to the U.S. for tourism or business meetings or conferences under the VWP can stay for up to 90 days without a visa.

Student and Vocational Training Visas


An international student can apply for a student or exchange visitor visa only after being accepted by a school certified in the Student and Exchange Visitor Program (SEVP). Students’ records are kept in the Student and Exchange Visitor Information System (SEVIS). Learn more about SEVP and SEVIS, and about the SEVIS fee.

Types of Educational Visas

Your course of study, the school you plan to attend, or the exchange program you will be with will determine the type of student visa you will need.

The most common student visas are F-1 and M-1 visas.

  • F-1 visa classification is for a full-time international student pursuing academic studies.
  • M-1 visa classification is for a full-time international student pursuing vocational studies.

Check out the differences (PDF, Download Adobe Reader) (PDF, Download Adobe Reader) between F-1 visas and M-1 visas and how to apply.

  • J-1 visa classification is also known as the exchange visitor program (EVP) and is for foreign nationals approved to take part in work or study-based exchange programs. Examples include visiting scholar, camp counselor, or research assistant.

Learn how to apply for a J-1 visa.

The duration of stay for J-1 visa holders depends on the agreement between you and your Department of State approved sponsoring organization. Find a Department of State approved sponsoring organization or program.

Learn more about studying in the U.S.

North American Free Trade Agreement (NAFTA) Professional Visa


Only citizens of Canada and Mexico are eligible for a nonimmigrant North American Free Trade Agreement (NAFTA) Professional visa to work in the U.S. The NAFTA Professional visa classification is TN and grants the holder temporary entry into the U.S. to work in business activities at a professional level for an initial period of up to three years.

How to Apply

After getting a letter from your future employer confirming your offer of a position, the application processes varies for Canadian and Mexican citizens.

Canadian Citizens: a NAFTA Professional (TN) visa is usually not required. You can go directly to a U.S. Customs and Border Protection (CBP) port of entry, with your documentation for an interview to be admitted to the U.S. as a nonimmigrant who can legally work in the U.S.

Mexican Citizens: a NAFTA Professional (TN) visa is required. Complete the online visa application form DS-160, print out the confirmation page, and bring it to your interview. If you are applying in Mexico, a photo is not required for your application.

Learn more about the process of applying for a TN nonimmigrant visa.

Prepare for Your Interview

Review this list of what you will need to bring to your in-person interview including what details need to be in your letter from your prospective employer.

Getting a Job in the U.S. as a Foreign Worker

Based on your skills, circumstances, and the job that you intend to do, you may be able to come to the U.S. as a temporary or permanent foreign worker or as a temporary visitor for business. Under certain circumstances, you may also be able to work in the U.S. if you’re a foreign student or an exchange visitor.

Work Visas

As a foreign worker, you will need a visa to be employed in the U.S. Each type of visa has unique requirements, conditions, and time limits.

  • Visit the U.S. Citizenship and Immigration Service’s (USCIS) Working in the U.S. website for an overview of each worker category and type of visa.
  • Use the Department of State’s visa wizard to find the visa you need, the application process, fees, and estimated wait time for a visa interview.

Your Rights and Protections

  • As a temporary foreign worker in the U.S., you will not be denied a visa or be punished by the U.S. government because you have exercised your rights under U.S. laws. Learn your rights and protections.
  • If you violate the terms of your work visa, it could be revoked and you could be removed from the U.S. (deported), arrested, or denied reentry into the U.S.
  • If you suspect you or someone you know is being brought to the U.S. for the purpose of human trafficking, get help now.

Immigration Questions

If you’re in the U.S. and have questions about visas and immigration, contact the USCIS National Customer Service Center. If you’re in another country, contact your nearest international immigration office.

The K-1 or Fiancé(e) Visa

If you’re a citizen of another country engaged to be married to a U.S. citizen, and you plan to marry and live in the United States, your fiancé(e) can petition for a K-1 visa for you. The K-1 visa allows you to travel to the United States to marry your fiancé(e) within 90 days of arriving. After you marry, you may apply for an adjustment of status to permanent resident and receive a Permanent Resident (Green) Card.

The K-1 visa expires after 90 days and cannot be extended. If you don’t marry within that time, you must leave the country immediately or face possible deportation.

  • Find step-by-step instructions on the Department of State K-1 visa page for petitioning and applying for your K-1 visa.
  • Download forms from the U.S. Citizenship and Immigration Services fiancé(e) visas page for your fiancé(e) to petition for your visa and for you to apply for authorization to work .




Source by:-

Now Aadhar card is mandatory for cars after phone, bank accounts and other things

Aadhar card, which is constantly becoming mandatory for a various number of services in India including bank accounts, phones, PAN cards among many other things. According to the latest development, the ministry of home affairs (MHA) panel has been given the task of drafting a comprehensive policy to link car registration numbers to the Aadhar card. The linkage of both the things will supposedly secure the Indian highways.

The recommendation is among many other recommendations made by MHA’s Working Group on Highway Security, which was formed in July 2017 and headed by director general of Bureau of Police Research and Development (BPR&D).

The recommendation is aimed at reinforcing the security against incidents such as Maoist attacks and militant attacks on the highway. The database of country-wide vehicles will be liked to the Unique Identification Number (UID), which will help in tracing the owner of vehicles easier. The panel has not directly recommended linking of Aadhar number with the motor vehicles but has suggested the creation of a new body called Central Repository Body (CRB) at the government level.

The group of people who have suggested the change comprise of representatives from the ministry of road transport and highways, MHA and director generals of police from six different states – Punjab, Maharashtra, Uttar Pradesh, Bihar, Tamil Nadu and Assam.

The centre had also proposed linking of driving license with the Aadhar Card sometime back. This move was set to filter fake licenses from the real ones. Centre informed Supreme Court that a new software is being readied and it will be put in place soon. The software will cover all the states on the real-time basis, which will make it impossible for people to fake their driving license.

It is not known if the challans will be also linked to the same system in the future. Many states have started the point based challan system, which issues points against every challan and after gaining a certain number of points, the license is cancelled.

The ‘Thak Thak’ made headlines after a series of broad daylight scams in the areas of Delhi-NCR and other major cities of the country. Police have captured the 48-year co-founder of the gang who goes by the name ‘Guruji’. The accused was caught with stolen cash of Rs. 8 lakh, which belonged a businessman. The accused was nabbed on his journey back from Kolkata after a series heists.

According to the cops, Kanhaiyan is the real name ‘Guruji’ and he belongs from Madurai. The operations took place from Inderpuri, Delhi. Kanhaiyan sent his gang members to various potential states for frauds and scams and would fly there once a large amount of fraud money was collected by them.

The gang has been caught several times on the CCTV cameras and used various techniques to distract the drivers of the vehicle and steal things from the vehicle. The gang also had females that made it easier for them to blend in.

The ‘thak thak’ gang distracted the drivers by scattering money on the road or claiming they had a flat tyre. The gang members also used to spill black oil under the vehicle and used to signal to the driver about the faulty engine. Creative methods like intentionally hitting a car with a motorcycle were also used to distract the drivers. Once the driver was distracted, other gang members would make a move in and steal phones, cash and other valuables from the vehicle. The gang members even used to steal from parked vehicles by breaking the window.

DCP Bhisham Singh says that many teams were alerted after a tip-off was received that he would be coming to the New Delhi Railway Station. The accused was nabbed as soon as he deboarded the Howrah-Rajdhani train. A pistol was also seized from him. He is currently being interrogated about the heists and location of his gang members.

The accused confessed that he taught his techniques to other people which then led to the formation of the gang. If any gang member was arrested, he would not name Kanhaiyan and in return, he would provide legal aid to the gang member.

Source by;-cartoq

Paytm Mall – Get Rs 200 Cashback on Purchase of Rs 299 or more

Paytm Mall – Get Rs 200 Cashback on Purchase of Rs 299 or more (All users). Paytm is offering an awesome offer on Shopping at Paytm Mall App, Get Flat Rs 200 Cashback on Shopping of Rs 299 or more. Maximum Cashback is Rs 200 per user. This promocode can be used only once per user. This promocode is valid for a Limited time only. So Hurry up and avail this offer now !!

How to Get Rs 200 Cashback on Rs 299 Shopping at Paytm Mall:-

1) First of all, Visit Paytm Mall website and Search for the product which you want to buy. Valid on almost all products except some grocery and FMCG category products.

2) Click on “Buy Now.

3) Add the Product to your Shopping Cart.

4) Apply Coupon:-  ONCEAMONTH to Get Rs 200 Cashback on Rs 299 or above for All Users.

Note:- This Coupon will give you Rs 200 Cashback on Non- Daily need products and will give you Rs 100 Cashback on Minimum purchase of Rs 299 or more. You can see Your Cashback details by Applying Coupon code.

5) Once your Coupon code is applied successfully.

6) Enter / Update your Shipping address.

6) Now Make the Payment using any of the Payment mode. You will get the Rs 100/200 Cashback to your Paytm wallet with 24 hours of order for prepaid orders and after 24 hours of delivery for Cash on delivery.

Terms & Conditions:-

1) This promocode is applicable only on the Paytm Mall App

2) This promocode can be used only once per user

3. By using this promocode, customer can avail Flat Rs 200 Cashback.

4. This promocode is valid only ……

5. This promocode is valid for a Limited time only.

6. This promocode is not applicable on Mobile Recharge and select products of the ‘Daily Essentials’ (FMCG) category

8. The offer is applicable subject to the availability of products
Paytm E-commerce Pvt. ltd. reserves the right to withdraw this offer on select products and in change/modify/stop the campaign without any prior notice

9. Cash back acquired from this promocode to be credited within 24 hours of your product being shipped

10. Cash back received will be credited to your Paytm wallet

11. Promo-code is not applicable for Cash on Delivery (COD) mode of payment.

12. If product purchased on EMI payment mode, Cash back gets credit post return policy.

13. If product comes under no return policy, Cash back gets credited post 7 days of delivery date.This cash back offer is being extended by One97 Communications

14. Limited for using “Paytm Payments” on marketplace run and operated by Paytm E-Commerce Private Limited. It can be used to pay for anything on merchants accepting “Paytm payments” platform.
Source by:-rechargetricks

ITR filing: Income Tax Department has a message for taxpayers

The Income Tax (I-T) Department today said it “trusted” the taxpayers and asked them to file their returns without “fear” by March 31, the deadline for all companies and those who deposited “large amounts of cash” post demonetisation. The department and the CBDT (its policy-making body), in a public advertisement, said “We trust you.” “So why fear? File your income tax return now,” it said. The tax department buttressed its statement by saying that it selects “less than one per cent returns for scrutiny or investigation” and that the system to select these cases is totally computer-based and devoid of any human interface.

The advertisement said it was the final call for taxpayers who have to file belated or revised ITRs for assessment years 2016-17 and 2017-18.
“If you have deposited large amounts of cash in your bank account/made high value transactions, please consider the same while filling your ITRs. “Non-filing or incorrect filing of return of income may result in penalty and prosecution,” the public advisory said. The government had declared the demonetisation of the existing Rs 1,000 and Rs 500 currency notes on November 8, 2016.

The advertisement also cautioned eligible trusts, political parties and associations to file their income tax returns by the final deadline. Individuals and Hindu Undivided Families having income of over Rs 2.5 lakh and senior citizens with income of over Rs 3 lakh (60-80 years of age) and Rs 5 lakh (over 80 years of age), too, need to file their returns for the mentioned assessment years by March 31, it said. It urged the taxpayers to file their returns “easily and securely” over the official e-filing web portal of the department.

Source by:- financialexpress

You can earn upto Rs. 50,000/month from Reliance-Jio. Here’s how!

jio image


Reliance Jio took the telecom sector by storm when it launched in 2016, starting a price war.

While it does offer the best mobile prepaid plans, Jio subscribers still face problems like call drops and network disconnections.

To boost network quality, Mukesh Ambani-owned Jio is offering up to Rs. 50,000/month as rent to those who install towers on their property.

Here’s all about it.

What exactly is Reliance Jio offering?

Reliance Jio, which is now planning to improve its network quality, would reportedly pay up to Rs. 50,000 as monthly rent to anyone installing a tower on their roof or land.

However, the rent to be paid by the company depends on several factors like location of the property (urban or rural area), how weak or strong is Jio’s network in a particular area.

How to apply for Jio tower installation on your property?

Those interested in installing mobile towers either need to have a plot measuring at least 2,000sqft or a roof with a minimum area of 500sqft to be eligible.

Indus Towers, which is responsible for the installation of towers of most Indian telcos, is in charge of Jio’s, too. Those interested can apply for installation on Indus Towers’ website on the Property Owners’ page.

How much can you earn per month?

While Jio has not officially announced any rates as part of this offer, a rough estimation was provided by some reports.

The reports suggest that by becoming a part of the “Jio Tower Installation” process, owners of properties in the rural areas can earn up to Rs. 20,000-30,000 while those in urban areas can make Rs, 35,000-50,000 per month as rent.

Which documents are required?

Those applying installation of Jio towers need to produce the proof of property ownership and also a “No Objection Certificate” (NOC) from the concerned civic body.

They will have to submit copies of land papers, a valid identity proof of the applicant/owner, and an expression of interest letter from the owner.

The company has to be provided with the recent land survey report.

Jio to install 1 lakh towers by spending Rs. 50,000cr

Indus Towers’ website shows that all the telecom players in India are its customers, including Airtel, Vodafone, Idea, Telenor, MTNL, BSNL, and Jio among others.

Bharti Airtel earlier said it spent Rs. 16,000cr on network infrastructure; it would invest an additional Rs. 24,000cr to improve quality.

Meanwhile, Reliance Jio said it will spend Rs. 50,000cr on installing one lakh mobile towers in next fiscal.

But, is installing mobile towers safe?

While Reliance Jio’s mobile tower installation offer is really a great way to make some extra money every month, without even spending anything or doing anything, research does suggest that people living near the cell towers may suffer from health issues because of the radiation from them.

Such tower radiation not only affects people but also causes ecological harm.




Source by:- newsbytesapp

Indian Passport for New Born Baby or Minor – Photo, ECNR, Education – FAQs

We have written an article in the past with on Process to apply for passport for a minor or new born baby in India. There are many questions asked by users that one would encounter during application process, thought of putting them as FAQs for everyone’s benefit.

Do you need to take appointment online for new born baby or minor ? Can I do a direct walk-in to any PSK in India ? 
This totally varies by the passport office. Some Passport Seva Kendras ( PSKs) allow direct walk-ins, some do not. You need to check with the specific passport office for the details. I have taken appointment to avoid issues. While some have had luck with walk-in, some had bad experiences without having appointment. I highly recommend everyone of you take appointment to avoid any last minute issues. It is better to have the appointment, than face issues at the PSK.

 Do you need to physically take new born baby or take minor child to the Passport office for the appointment of passport ?
Yes, you will need to carry the baby or take your child to the passport office. They take fingerprints, even for new born they try to take.

 Do you need to carry passport photo for the new born baby or small baby ? 
Yes, you need to carry a passport photo for baby or small child. It has to be in white background. If you read your Passport appointment letter, it will clearly tell, if you need to carry the passport photo.

What should you select for education online for minor/ baby during passport application ?
You should select “5th Pass or Less”, if the baby is new born or studying and under 5th standard. If more education, you can select the same class they are in.  Also, if you are using the PDF form or online as well, the ECNR status will be set to ‘No’, you will need to change that to ‘Yes’

Does minor or new born baby fall under ECNR or ECR ?
All minors under 18 years of age fall under ECNR (Emigration Check NOT required ). During application process, if the system auto fills the status as ‘NO’ for the question “Are you eligible for Non-ECR category?”, then you need to change to ‘ YES’

Do both parents need to be there at Passport Office during appointment ? 
Yes, both parents are expected to be there at the PSK during submission of the passport application for your baby/ minor. If not, you will need have the right documentation for the same ( see below)

My spouse  ( wife or husband) is abroad, can I apply for passport for my new born baby myself ?
Yes, you can. But, you will need to get the affidavit signed by your spouse in front of the consulate officer at nearest Indian Embassy / High Commission in the abroad / foreign country and get that affidavit attested by them. For example, check  Indian Consulate Chicago Affidavit,  Child Passport Affidavit Singapore .   You need to carry the actual original signed and attested affidavit with you, when you visit PSK.  Also, you need to carry the original Annexure D signed by your spouse and then add your signature on it.

Can Guardian Apply for Passport, if Parents are not available in India for passport issuance or extensions for Minors ?
Yes, it is possible. But, you will need to get the above mentioned attested and signed affidavit for Indian child passport from their parents and as they need to visit nearest Indian embassy ( similar to above ) and also Annexure D signed by both of them.

Source by:- redbus2us

Income tax on mind? 10 incomes you need not pay any tax on

It is believed that death and taxes can’t be avoided in life. There is also a common perception that only income falling under the basic exemption limit (ie, Rs 2,50,000 for individuals of less than 60 years) is tax free. However, very few people know that apart from this basic exemption limit, taxpayers also get tax benefits on certain incomes. Yes, you heard it right! The incomes which are tax-free are governed by the Section 10 of the Income Tax Act — some of which are wholly exempt, while some are partly exempt.

Here we are taking a look at 10 incomes which are tax free, wholly or partly:

1. Income from Gratuity:

As per section 10(10) of the Income Tax Act, if an employee of the Central Government, State Government or local authority, on death or retirement, receives gratuity, then it is fully exempt from tax. However, in case of a private sector employee, gratuity received from one’s employer is exempt from tax up to a maximum of Rs 10 lakh, subject to conditions specified under the Income Tax Act. Good news is that the government is going to enhance the ceiling of tax-free gratuity to Rs 20 lakh from Rs 10 lakh soon, and Lok Sabha has already passed the related bill.

2. Amount received under Voluntary Retirement:

As per Section 10(10C) of the Income Tax Act, if a person receives any compensation at the time of voluntary retirement or termination of his service, then such amount shall be exempt from tax, but subject to the limit of Rs 5,00,000. The compensation amount, which is received under this scheme, is determined in accordance with guidelines prescribed under Rule 2BA of Income-Tax Rules, 1962.

“Unlike gratuity, which is exempt for government employees without any limit, the voluntary retirement scheme is taxable for the government employees over and above Rs 5,00,000. One thing to be kept in mind is that this exemption can be availed only once in a lifetime i.e. once allowed for any assessment year, then no exemption shall be allowed for any other assessment year,” says CA Abhishek Soni, Founder,

Further, where any relief u/s 89 has been availed of in respect of the amount received under the voluntary retirement scheme, no exemption under Section 10(10C) shall be allowed in that relation. In other words, an individual can claim either exemption under Section 10(10C) or relief u/s 89, but not both together.

3. Allowance for foreign services:

As per Section 10(7) of the Income Tax Act, if an Indian resident renders services outside the country and receives any perquisites outside the country, then it is tax free. This section specifically exempts the allowances for government servants which they might receive when working outside India.

4. Dividend income from shares & equity-oriented mutual funds:

As per section 10 (34) of the Income Tax Act, any dividend received from investing in the shares of an Indian company is not liable to tax up to Rs 10 lakh. The reason for the same is that the I-T department has already received tax from the company on that income. Likewise, dividend income from an equity-oriented mutual fund is also exempt from tax.

5. Agricultural Income:

India is primarily an agrarian economy. So, as per Section 10 (1) of Income Tax Act, agriculture income in terms of rent or from any agriculture produce is exempt from tax. The objective of this move is to encourage the agricultural sector. However, “agricultural income exceeding Rs 5,000 will have to be added to one’s total income for the determination of the income-tax slab of the individual. Further, any capital gain on the sale of an agricultural land in a rural area is not chargeable to tax as per section 2(14) of the Income Tax Act. Additionally, as per section 10(37) of the Act, compulsory acquisition of agricultural land is exempt from tax,” says Soni.

6. Pension received by certain awardee:

As per section 10(18) of the I-T Act, income received by an individual or any member of his family by the way of pension or family pension is exempt from tax if such individual has been in service of the Central/state government and has been awarded Param Vir Chakra or Maha Vir Chakra or Vir Chakra or any such other gallantry award.

7. Share from a partnership firm:

As per Section 10(2A), for a partner in a partnership firm the share of his income from the total income of the firm is completely exempt from income tax. In simple words, you will not have to pay any tax on your share of profits from a partnership firm.

“For this purpose, the partner and the firm are separately assessed and tax is levied on the income of the firm as a whole keeping the partner out of the purview of tax in respect of his share only. However, interest income, remuneration etc are taxable for partners as per the provisions of the Income Tax Law,” says CA Vertika Kedia, Co-Founder,

8. Receipts from Hindu Undivided Family:

As per Section 10(2) of the Income Tax Act, if you are a member of a Hindu Undivided Family (HUF) and receive or inherit any money then it is exempted from income tax. The provisions state that if any amount is received out of family income or out of impartible estate by the member of such HUF, then it is exempt from tax.

9. Interest received from government notified bonds:

The government issues some specified bonds to raise money for infrastructure projects. As per section 10(15) of the Income Tax Act, the income that you earn from such bonds is exempt from tax. Further, unlike interest that you will receive on these bonds, the gains made by selling these bonds before maturity is taxable as capital gains.

10. Life insurance receipts on maturity:

If you receive any amount under a life insurance policy specified under section 10(10D) of the Act, then it is exempt from tax. However, the premium paid should not exceed the prescribed limits in respect of actual capital sum assured. The limit is as under:

“For policies issued until March 2012, the premium can’t exceed 20 per cent of the actual sum assured and for policies issued on or after April 1, 2012, the premium can’t exceed 10 per cent of the actual sum assured. If the amount received during the financial year is more than Rs 1 lakh and the premium exceeds the above limits, then tax deducted at source (TDS) at the rate of 1 per cent will also be applicable,” informs CA Kamal Murarka, Head-Tax Research Team,

Source by:- financialexpress

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