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2016

Taxes

  1. Relief under Section 87A proposed to be increased from Rs. 2,000 to Rs. 5,000.
  2. Deduction under Section 80GG for individuals paying rent but not receiving HRA proposed to be increased from Rs. 24,000 to Rs. 60,000.
  3. 44AB limit amended from 1 Crore to Rs. 2 Crore & for Professional from Rs. 25 Lakh to Rs. 50 Lakh with minimum income shown 50%.
  4. Corporate tax reduced to 29% for small business having turnover less than Rs. 5 Crores.

2016

How to Send Messages To All Facebook Friends At Once

Steps To Send Messages To All Facebook Friends At Once :

  1. First of all you must have the latest version of Google chrome as the extension we are going to discuss right here might not work perfectly with the older version of Google chrome.
  2. Now in your Google chrome add the extension Social Media Toolkit For Facebook there are some features in extension that are actually paid and that is why we have given the tutorial to activate this extension all for free.
  3. After getting this extension in your browser login to your Facebook account where you want to send a single message to each and everyone.

2016

Union Railways Minister Suresh Prabhu on Thursday presented his second Railway Budget in Parliament.

Here are some of the key points:

  • Three pillars of change: New source of revenues, new norms and new structures
  • Operating ratio in 2016-17 92 percent (90 percent in 2015-16)
  • Capital Expenditure in 2016-17 at Rs 1.21 lakh crore
  • Savings through efficient operation in 2015-16 at Rs 8,720 crore

2016

Fiscal Deficit

What is Fiscal deficit?

  • Fiscal deficit is essentially the difference between what the government spends and what it earns.
  • It is expressed as a percentage of GDP
    Fiscal Deficit = Total Government Expenditure – Total Government Revenue

Reasons for Fiscal Deficit

  • Government spending, inflation and lower revenue are among some of the main factors that point to fiscal deficit.

2015
  • Becoming parents is a turning point in our lives. As their guardians, it is our duty to plan for their future and invest wisely so that they receive the best possible facilities that in turn will materialize as better opportunities in a competitive world. Such a goal requires early and intricate planning, dedicated devotion to the goal and taking calculated risks sometimes to generate good returns.
  • Children’s secure future mostly depends on a strong education which becomes a foundation to find new avenues in the future and be successful. The ever increasing education cost and tuition fees have put a shadow of uncertainty on the future of your child. Here we look at some of the options of investment that can ensure their happiness and provide them with possibilities for a sound education in future.

Insure Yourself

  • Yes, insure yourself! Savings will only last for some period and may get exhausted during unavoidable circumstances, but an insurance policy of a parent is the second roof for his dependents. Such a scheme would help your child with his educational needs that would otherwise be hard to cover in the absence of insurance. Some child plans also offer a fixed amount once the child attains the age for higher education which takes care of his higher education costs.

2015

Q 1. MICR code consists of how many digits?

9 digits. (First three digits denotes city, next three digits representing the bank and the last three digits representing the bank branch).

Q 2. What is the minimum limit in RTGS system?

Rs. 2 lakhs (there is no upper limit in RTGS).

Financial Management