Total Income (INR)Extant Rates (per cent)Proposed Rates (per cent)Up to 250,000NilNilFrom 250,000 - 500,00055From 500,001 – 750,0002010From 750,001 – 1,000,00015From 1,000,001 – 1,250,0003020From 1,250,001 – 1,500,00025Above 1,500,00030While offered as a simple tax relief, many from the astute middle class are left pondering as to whether they should buy in to the new low tax regime. For the salaried class, the key deductions and exemptions required to be foregone include house rent allowance, leave travel concession, standard deduction, interest on housing loans, etc. For the business class these deductions also include tax incentives provided for special economic zones, incentives for investing in specified business, additional depreciation claims, etc. … [Read more...] about Budget 2020|Personal tax rate cuts – to elect or not to elect?
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Foster transparency, but don’t be invasive Openness, trust, and liberal sharing of information are the lifeblood of healthy organizational cultures and thriving teams. When people feel in the loop and trusted, they tend to behave in a more trustworthy way. When they have access to crucial information, they can be more proactive, innovative, and effective in their roles. This applies to work-oriented details, but also the goings-on of their lives. For example, if an employee’s wife is sick, and he has to miss critical client meetings or deadlines, it’s helpful if team members are aware. This way, they can support him, rather than assume he is slacking. … [Read more...] about This is the leadership style that helps cultivate work-life harmony
In July, New Harvest will bring all these disparate parts together at the nonprofit’s first-ever Experience Cellular Agriculture conference. The one-day meetup will include the founders of New Harvest’s companies as well as big names in the sustainable, alt-food arena like Hampton Creek CEO Josh Tetrick and Alexander Lorestani, founder of alt-gelatin maker Gelzen. For the first time, some of the brightest minds in cell agriculture will share a stage. … [Read more...] about Meet The Woman Sciencing The S&%t Out Of Lab-Grown Animal Products
Savings Schemes under Post Office Investments:Savings account: This is similar to bank savings accounts, offering 4 per cent interest on balances. The advantage here is the minimum balance is quite small, at Rs. 500. However, if this balance is not maintained, you’ll have to shell out Rs. 100. The account offers cheque and ATM facility, and online banking is possible through Intra Operable Netbanking as well as mobile banking. These might seem a little rudimentary compared to large banks, but this is an account that works best for people in rural and remote areas, who may not have much use for online banking.Five-year Recurring Deposit Account: If you want to save small amounts on a regular basis, a recurring deposit could work well for you. The interest offered on five-year post office deposits are at 7.2 per cent, which is what most banks offer. You can open an account for minors to inculcate the savings habit in them. You can withdraw up to 50 per cent of the balance after one … [Read more...] about Post Office Scheme – Know All Types Of Post Office Saving Scheme
He also announced that the ministry of coal will introduce an award to recognize and appreciate best practices in coal production, productivity, sustainability etc., by coal companies.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about Mining Minister Pralhad Joshi announces India to stop thermal coal import by FY24