India Against Corruption

 

When searching corruption on Google, the results are littered with information about India against corruption. On initial assumptions one might posit that India is riddled with corruption and they would not be wrong in assuming that. The fact is corruption is everywhere, in every nation on earth.  The fact that you see so much information on corruption in India is not because India is a cesspool of corruption but because India is at the forefront of anti-corruption.

  

In India, an India against corruption is a slogan. The Indian society is armed and has taken up against corruption. With the advent of technological advances in communications and electronics, we have seen it easier to expose corruption and market that information.

  

India against corruption

 

The Internet is a prime example. The Internet has given power to a powerless segment of society and allowed them, with a bit of hard work, to take matters into their own hands and do something about it. You can give information, organize and discuss, in a low-cost effective medium, strategies to not only combat corruption but compiles realistic statistics on the actually corruption level.

 

 

Advancements in electronics and communications impact many different industries.  Surveillance equipment invariably benefits from these advancements. Microphone and video qualities in situations that used to be difficult, dark situations or loud environments are not an issue any more. In addition, the sizes of these devices have gotten smaller and changes to materials used in the construction of equipment have modified designs.

 

 

Capturing a corrupt activity as evidence to fuel sanction and prosecution is easier now. In the past, physical evidence of corrupt acts was rare and only for the privileged and this contributed to a virtual black out of corruption based convictions. This evidence is also acting as a demotivation for corruptors for future corrupt acts.

 

 

A real benefit of a comingling of empowerment and technology in the fight against corruption, as seen in India, is the advent of creative measures to document, publicize and influence an aware society, of which corruptors are a part of.  In India, there are websites like ipaidabribe.com that allow society to report instances of abuse. The incidents are investigated and any actions required from the results are taken.

 

India Against Corruption Cartoon

 

India against corruption could very well stop corruption in its tracks as well as change the social perception of corruption in general. The world has a lot of learn from this era in India and, if successful, you might read in the next paragraph on corruption that an India against corruption organization will be working in your very country in the near future.

 

Fast against Corruption

Income Tax Slab for AY 12-13

The following are the details of the Income Tax Slab for AY 12-13.  These figures were released by RDA & Associates on March 16 2012 and are verbatim.

Income Tax Slab for AY 12-13

New Income Tax Slabs for ay 12-13 for Resident Senior Citizens above 60 years (FY 2011-12)

S. No.

Income Range

Tax percentage

1

Up to Rs 2,50,000

No tax / exempt

2

2,50,001 to 5,00,000

10%

3

5,00,001 to 8,00,000

20%

4

Above 8,00,000

30%

New Income Tax Slabs for ay 12-13 for Resident Senior Citizens above 80 years (FY 2011-12)

1

Up to Rs 5,00,000

No tax / exempt

2

5,00,001 to 8,00,000

20%

3

Above 8,00,000

30%

Income Tax Slabs for ay 12-13 for Resident Women (below 60 years) (FY 2011-12)

1

Up to Rs 1,90,000

No tax / exempt

2

1,90,001 to 5,00,000

10%

3

5,00,001 to 8,00,000

20%

4

Above 8,00,000

30%

New Income Tax Slabs for ay 12-13 Others & Men (FY 2011-12)

1

Up to Rs 1,80,000

No tax / exempt

2

1,80,001 to 5,00,000

10%

3

5,00,001 to 8,00,000

20%

4

Above 8,00,000

30%

For normal category the simple calculation is as follows
Taxable Income in 10% slab maximum tax will be Rs  34000
Taxable Income in 20% slab maximum tax will be Rs  34000 + Rs 60000 total Rs 94000
Taxable Income in 30% slab minimum tax will be Rs  94000
Education and other cess will be in addition to this (RDA & Associates, 2012)

There are substantial tax concessions in this Income Tax Slab for AY 12-13, however, please keep in mind that as a taxpayer you are required to have a PAN card and on entering your PAN it and you are subject to PAN number verification also known as NSDL PAN Card Verification where by your number is verified to ensure your correct data and validity of your account.

Works Cited in this document:

BIBLIOGRAPHYRDA & Associates. (2012, April 29). INCOME TAX SLAB RATE APPLICABLE . Retrieved August 4, 2012, from RDA & Associates: http://rdaindia.com/inctaxfy1112.pdf

Income Tax Slab for AY 11-12

The following are the details of the Income Tax Slab for AY 11-12.  These figures were released by RDA & Associates on May 31 2010 and are verbatim.

 

Text version:

Income tax slab for ay 11-12

New Income Tax Slabs for ay 11-12 for Resident Senior Citizens 65 Plus (FY 2010-11)

S. No.

Income Range

Tax percentage

1

Up to Rs 2,40,000

No tax / exempt

2

2,40,001 to 5,00,000

10%

3

5,00,001 to 8,00,000

20%

4

Above 8,00,000

30%

Income Tax Slabs for ay 11-12 for Resident Women (below 65 years) (FY 2010-11)

1

Up to Rs 1,90,000

No tax / exempt

2

1,90,001 to 5,00,000

10%

3

5,00,001 to 8,00,00

20%

4

Above 8,00,000

30%

New Income Tax Slabs for ay 11-12 Others & Men (FY 2010-11)

1

Up to Rs 1,60,000

No tax / exempt

2

1,60,001 to 5,00,000

10%

3

5,00,001 to 8,00,000

20%

4

Above 8,00,000

30%

For normal category the simple calculation is as follows Taxable Income in 10% slab maximum tax will be Rs  34000 Taxable Income in 20% slab maximum tax will be Rs  34000 + Rs 60000 total Rs 94000 Taxable Income in 30% slab minimum tax will be Rs  94000 Education and other cess will be in addition to this (RDA & Associates, 2010).

 

There are substantial tax concessions and exemptions in the Income Tax Slab for AY 11-12. You are required to have a PAN and can only take advantages of these exemptions and concessions if your PAN account is in good standing order. In addition, you are subject to PAN number verification also known as NSDL PAN Card Verification where by your number is verified to ensure your correct data and validity of your account.

 

Works Cited in this document

BIBLIOGRAPHY RDA & Associates. (2010, May 31). Income Tax Rates/Slab for Assessment Year 2011-12 . Retrieved August 4, 2012, from RDA & Associates: http://rdaindia.com/inctaxfy1011.pdf

PAN Card Enquiry

In India, a PAN Card Enquiry is the operation of either checking your own or someone else’s PAN to ensure the validity, accuracy and current status of the PAN Account. A PAN is Permanent Account Number and every Indian citizen is required to have on if they pay income tax. In addition, corporations will check the status of their returns quarterly so as to minimize overall work requirements.

PAN Card Enquiries don’t always mean typing a request, it’s deciding on the criteria of the data you want as you want it and then easily and accurately retrieving it. Reporting on quarterly tax balances, current status of card whether individual or corporate and filing tax returns are considered enquiries of a different magnitude than one usually associates an enquiry to.

As a PAN holder you can perform many different types of enquiries as well as actions in regard to your PAN account and reporting of Tax data. Some actions include applying for a PAN card for the first time, applying for a new reprint of a lost, stolen or destroyed card or applying for reprint because of data corrections in regard to the card data.

In addition to applying for PANs online, you can also check your NSDL PAN Card Status online easily and securely. On the government website you can also enquire directly to a human via an email form directly requesting the information you need or the process as to how to get it.

PAN CArd

A PAN Card Enquiry is more than simply contacting an employee by email on the Government of India’s Income Tax Department web portal, it’s seeing your current account balance with  all transactions from both the government and you, applying of information, applying for new numbers or cards and updating information.

Income Tax Slabs

Income tax slabs is a term used in India to indicate a market segment where investment or participation in results in higher opportunities and success in securing rebates, special tax incentives and fluctuating tax rates. In a nutshell, tax benefits.

These market segments can include but are not limited to long term savings accounts, infrastructure bonds, medical insurance, tax write-offs on interest payments on loans/charity, approved pension funds, Senior citizen savings accounts, mortgages, life insurance, government 401k type pension funds, government bonds, medical expenses, donations to various charities and funds, and tax breaks on income paid on rent for non-home owners.

Announcements of new or modification to existing income tax slabs attracts a lot of interest amongst the Indian public.  Although some policies have been liked more than others, the overall intent of the income tax slabs is to help and improve the economy. Tax Slab changes are usually announced every year by the government.

Criteria for the modification or implementation of tax slabs takes place before the beginning of the fiscal year the slab will take effect allowing the public to plan accordingly. No matter how great the incentive is, you cannot take advantage of income tax slabs unless you have a PAN card.

You can apply for a PAN card online and once the application is submitted check your NSDL PAN Card Status to ensure hassle-free processing of your application. In addition, once you have your PAN Card, you can utilize the PAN Card Verification tool on the website.

The Pan Card Verification will allow you to verify your PAN data or number. As well authorized institutions can utilize a paid verification process to validate PAN holder’s confidential information. No matter how much of a cumbersome process the PAN card acquisition task is, it’s still worth it in order to benefit from Income Tax Slabs.