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Archive for the ‘Salary’ Category

Funds during Emergency- how to get

Posted in Bank, Investment, Salary, Saving on October 5, 2008 | Leave a Comment »

We all need emergency funds in our life. We never know when we need it but we all know that we need it some time or other. There was a detailed post on CNN some time back on how to get hold of emergency funds when we need them. I have adapted it to the [...]

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Do’s & Don’ts for credit cards

Posted in Bank, Credit Card, Salary on September 26, 2008 | Leave a Comment »

I have a list of Do’s & Don’ts for credit cards and I agree on all of them.

Learn to read the fine print. Read the legal stuff when you fill out the application, when you receive the card, and on any future mailings. Credit card terms and conditions can be confusing. If you don’t understand [...]

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Salary Hike- Pay Revision for PSU Staff

Posted in Pay Commission, Salary on September 7, 2008 | Leave a Comment »

Over 210,000 executives in estimated 240 central public sector undertakings are in for a bonanza with a pay revision committee recommending a massive hike in their annual cost-to-company. The hike ranges between 379 per cent at the highest level and 57 per cent at the lowest across companies and levels.

This is assuming the maximum possible [...]

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6th Pay Commission Arreas calculator

Posted in Pay Commission, Salary on August 26, 2008 | Leave a Comment »

Kindly find below a file to download for Pay Commission Arreas calculator.
http://rapidshare.com/files/140248002/Pay-Commission-Arrears-after-Cabinet-Approval.xls.html

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Tax Smart Ways for Salaried persons

Posted in Salary, income Tax on August 23, 2008 | Leave a Comment »

1. Exemption on soft furnishing expensesSec. 10(14) [of the Income Tax Act] offers exemption for expenses (and not allowances) incurred wholly, necessarily and exclusively in the performance of the duties. There are two distinct arguments to render soft-furnishing non-taxable.The first one is to claim that the employee needs to entertain guests at his residence for [...]

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Salary Calculator 6th Pay Commission

Posted in Pay Commission, Salary on August 16, 2008 | 5 Comments »

Justice Srikrishna has submitted the much-awaited sixth Pay Commission report to Finance Minister P Chidambaram. According to media reports,Justice B. N. Srikrishna has recommended over 40 percent hike in the basic salary for the government employees at the senior level.There will be a substantial hike for government employees in other categories as well. The hike [...]

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