Finance, Projects and Charity

Reserve Bank Can't Decrease The Interest Rate: Indian Finance Minister Do not know “What is the Status of Indian Economy” and trying to pressurize RBI Governor Raghuram Rajan to decrease the Bank Rate [ie., Interest Rate in Whole concern”], which will be helping the industries, but what about the lack of monsoon led agriculture sector. How can we decrease the interest rate [Bank Rate] supporting the reason that Indian economy is having low inflation rate, Crude prices have come down and India’s growth factor.  India’s Inflation Factor: Last year Arhar dal was of the price of Rs. 60 – Rs. 80 per kg and now it’s zooming around Rs. 112 – Rs. 120 per Kg. Moong is also heading to Rs. 80/kg. Masur has increased to about Rs. 75/kg. Only Chana dal has increased by Rs. 5/kg. Cooking Gas has increased to Rs. 645 per Cylinder. Cooking oil [taking the example of Ruchi Oil] has increased to Rs. 80/litre, which was about Rs. 65/Litre.  Tomato is on the sky with

It's not simple to save a tax. But you can do it, but structurally. But calculation must be good and perfect. For a person who's earning about 4  Lakhs can do lot of savings for the year 2013 - 2014, if taxes are provided in advance. Total Income                                      Rs. 400,000 Tax net                                              10% after 2 Lakhs Balance in tax net                               200,000 x 10/100 = Rs. 20,000 Tax Credit                                         Rs,. 2000 [ 10%] Balance                                             Rs.18,000 Educational Cess                               3% of 18,000 - Rs. 540 Total to pay to Govt                          Rs. 18,540 Normal person will be paying Rs. 18,540 to the Government as Income Tax. But for a person who's having the same salary, financial consult will be doing like this:- Total tax income to pay from the- same income