Earlier today I has posted on my fb wall that paying tax is like buying blood diamonds, you eventually put money in wrong hands and I still stand by my statement.
I can't believe I'm paying so much tax :( I really do feel like the old man in the picture . Good job Akshay ..It's going to help a lot of people like me .
When I was planning on buying a car. I thought I'll buy a used car. Although I was fully aware of George Akerlof 's theory about second hand car market, I decided to take a shot at it. Because the "reasonable man" , that we so often read about in economics, often has reasons beyond economics. Reasons like : Leaving the country; don't know what to do with the car; Bought a new car there is no place to park my old car; This car is jinxed! So I downloaded data from Cardheko and few other sites and started my cherry hunt. I was convinced that I could use analytics to pick my cherry. Penny (to the Blogger): "Honey, I know you think you are explaining yourselves but you are not." Ok, George Akeflof's Nobel winning theory suggest that there will be no good cars in a used car market because they don't fetch a fair price. And he refers to good cars as a Cher...
Get a home loan save tax. Yes, I'll elaborate on it later but now some quick notes Get a home loan and if you live in it you get up to 1.5Lakh of interest deducted from your taxable income Get a home loan and rent it out; all the interest is delectable form your taxable income. Get your spouse to be a co-applicant on the loan both of you can enjoy the deductions. Up to 1 Lakh of Principle is delectable from your taxable income (this falls under 80C so your PPF, ULIP, MF etc. is wasted) (Rented out or self-occupied) Use the interactive Tableau dashboard (change the numbers in the boxes) to see how the numbers work for you and what saves most taxes for you. Learn About Tableau You will notice that you will have better tax savings when you rent out your property and stay in a rented house yourselves. when you rent out all your Interest is tax deductible) But if you stay in it yourselves - you only get up to Rs 1.5 lakhs of deductible amount per year. [indirect me...
Employees from across industries and domains frown when their managers ask them for a report. Reporting, in the eyes of many, is not a productive activity. Nonetheless, every organization maintains a fleet of reporting / MIS analyst, Business analysts, BI tools etc. For most companies the reporting and analytics fleet will remain an overhead unless the core business of the company is analytics, BI or reporting. Despite its auxiliary nature, reports are very powerful. They help those at the helm to call the shots which can make or break the future of a company, and those associated with it. People providing reports are always the first to see information, like a sailor atop the mast. The reporting team will have the results of a company even before the CFO sees it. In many companies, members of the reporting team are prohibited from trading in shares. And the power of these reports puts its creators in a very responsible spot. Like my Manager rightly reminded me, a wrong repor...
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ReplyDeleteI can't believe I'm paying so much tax :( I really do feel like the old man in the picture . Good job Akshay ..It's going to help a lot of people like me .
ReplyDeleteThanks Shravya.
ReplyDeleteTotaly Axed... Khushi aagodu yeenadru post maadi Akshay... :( :(
ReplyDeletehe he...hudki hakonanthe....
ReplyDelete