Modern Cart

Tipz For Guyz For A Gal

I have no idea from where it originated, but I received it in the mail and it’s simply tooooo goood..

Silent Inspiration

Love-4-U

Salaried to shell out more in tax

NEW DELHI: All income earners, including the salaried and the self-employed, will soon have to fork out more tax. The Centre has finally relented on the long-standing demand from states to enhance the ceiling for tax on professions from the current level of Rs 2,500 to Rs 7,500 per year.

The tax on professions, trades, callings and employments, is a tax that the Constitution assigns to state governments/local bodies. In eight states, the state government itself collects the tax while in several others with active panchayats, the local bodies levy and collect the tax. Article 276 puts the ceiling on the tax at Rs 2,500.

The Constitution has been amended in the past to raise the tax level to bring it to the present level. Many states have been demanding that the Article should be amended again to hike the tax level to Rs 7,500 a year.

Eight states, including Maharshtra, Tamil Nadu, Karnataka, Gujarat, Madhya Pradesh, Andhra Pradesh and West Bengal, levy this tax on an annual basis. An increase in the ceiling is expected to substantially help these states in overcoming their revenue constraints.

A proposal in this regard is likely to be taken up by the cabinet soon. The present level of Rs 2,500 was fixed in 1988 though the 60th amendment. This time, the Centre wants to carry out another amendment though which it wants to retain the executive power to enhance the ceiling as and when required without having to go to Parliament for the same.

The amount paid to a local body/state government as tax on professions, etc is eligible for deduction from income while computing income tax payable to the central government. Therefore, a hike in the tax level could adversely impact personal income tax collections. States collect close of about Rs 3,000 crore by way of professional tax.

But, States feel that since the economy is booming and income tax collections are also on rise, this move would not have much impact. Earlier, when the proposal was mooted, centre had showed willingness to raise it to Rs 5,000 only. States want the additional revenues for meeting expenditure for creation of social infrastructure, including primary schools and hospitals.

Me & My Bro (Kind Of.)….

Developer’s Life

Developer’s Life

Microsoft makes MSDN library free to download

If you decide to download the MSDN, make sure that you have a relatively decent size chunk of hard drive space. It requires a minimum of 900 MB, and a full installation needs 1.9 GB. The download itself comes in three ISO images totaling about 1.6 GB.

If you have an old version of the MSDN installed, this new edition will update it. Microsoft’s Rob Caron said that, including the May 2006 release, all future versions of the MSDN will be freely available. One response to his announcement has already asked, “How about setting up a Torrent for this so we can all share the love?” Microsoft wouldn’t do it for Windows Vista, so I doubt they’ll do it for the MSDN. It is a great thought, though.

Orkut Profile…

About me: I think I am changing the world, but I am not. I think I am contributing to the Indian economy, but I guess I am not. I think I love my work, but I do not. I think I hate all people who made me earn my engineering degree, and I do. I think I am living, but and most importantly, I am LOOKING for someone!! Ok…I won’t be funny anymore. I am a cool guy with a zeal to enjoy life (If you know me–> “Just stop laughing!!”)

Relationship status: what?

Birthday: The day my PL is about to fire me

Age: 10111

Here for: web browsing in company hours

Children: can’t be (hey, don’t get me wrong here!!)

Ethnicity: Programmer

Languages I speak: Java, C/C++, 010101110101

Religion: I get holidays on all religious festivals, so I love all religions.

Political view: the guy sitting beside me is a pig!!

Humor: weekly

Fashion: Ask my company HR. Btw, I like jeans, t-shirt & a cross-bag.

Smoking: The second greatest pleasure on the earth

Drinking: The first is this.

Pets: Yeah, my PL looks like a dog.

Living: Cummon, this is a stupid one. How can this be asked to a software
engineer? Believe me, I am living!!

Hometown: My company (Oh God! Please bring my appraiser to this page)

Webpage: http://naukri.com, http://jobsahead.com

Passions: searching for the cheapest pub around, cursing my company, looking for another company, remembering my good old college days, worrying about my future

Sports: quake, CS (Counter Strike), computer chess

Activities: Are you crazy?

Books: “How to lose weight in 20 days?”, “How to live a happy life?”, “101 ways to attract a girl”, “Java Unleashed”, “C++ at your footsteps”, Others censored

Music: Metallica, Pink Floyd, Nirvana, ACDC, & anything depressing

Tv shows: can’t afford one

Cuisines: Bread Butter, Maggi, anything available within 200 metres of home

VIA: Shijo Joseph Chiramattel

Indore-Pune-Coimbatore Trip (1)