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Sunday 29 December 2013

How to search mail from the sender in gmail?

Well - There are many times when you need to filter only those mails that have come from particular sender. Gmail provides search feature where you can filter only those messages that have come from specific name or mail address.



As you can see in above image, we have entered from:magicbricks in gmail search box. When you click on the search button, the mails that have come from only magicbricks will be shown in the inbox.

You can also search by email address.

Example -

from:sagar.salunke@gmail.com




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Friday 6 December 2013

How to Save income tax for salaried person in india?

You can save tax in India by below ways.
  1. Rent  - (from 20k - 2lac)
  2. Housing Loan Interest - upto 1.5 lac
  3. Chapter VIA - (Section 80C/80CCC/80CCD(1)  - upto 1.2 lac
Popular options to save tax are 
  1. Rent (If you are staying on rent) - Total amount of rent paid during financial year.
  2. Housing Loan Interest - Interest paid during the financial year.
  3. Chapter VIA  - This includes life insurance policies, Home Loan Principal, Stamp duty and registration.
Example -
Suppose your annual salary is 10 lacs. Let us calculate your tax liability.

Tax Exempted Income under section 10 and 17.
Some part of your income is exempted from tax like House Rent Allowance, Conveyance Allowance, Medical Allowance. So let us assume that 80k is tax exempted income.
So your taxable income is 9.2 lacs.

Suppose you did not utilise the tax saving options at all, your total tax will be 1.09 lacs.
25k(10% slab) + 84k(20% slab) = 1.09 lacs

Now let us try to save this tax using below options.

  1. Suppose you claim for the Rent amounting to Rs. 96k.(If you are not staying on rent and have a housing loan, you can claim tax benefit on interest amount upto 1.5 lacs)
  2. Suppose you saved 1.5 lacs using Chapter VIA.
Total taxable income will be 9.2 - (.96 + 1.5) = 6.74 lacs
Your tax liability will be 25k(10% slab)+34.8k(20% slab) = 59.8k
So in this case, we saved almost Rs. 50k by utilising the proper tax saving options.

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