How much money is alloted to the MP Welfare fund in India?Is there any penalty if this amount is not utilised?
603968
One Crore Rupees per annum. No penalty, even if they don't spent a penny. ijay Malya, Anil Ambani are latest who spent Rs. 0 from fund.
673136
Well So long as official receipts are given and the donations transactions are transparent there is nothing wron basically from even ethical angle.\nWhat is worrying is that the amount demanded is beyond the means of many and not justified as to earn that much amount by normal earnings is beyond the imagination of many and would only result in charging exhorbitant amounts in turn if it is medical profession.\nBut the way the IIM IIT people get campus selection at fabulouws salaries makes one wonder about such offers disturbing the norms in INDIAN industries.\nToday even to get admission in nursery schools demands are ,made based on the name of the school.\nOf course charging donations does not mean watering down the prescribed minimum requirements applicable to one and all.\n\nPlease remember one thing people who have money are not going to accept that their children are dull but would like to give them the best education by hook or crook.\n\nConsidering the huge capital needed in infrasturcture facilities in establishing colleges etc and the restrictions in admissions and the salary sturctures etc even the donations may not be sufficient without any government subsidy and in the first ten twenty years of establishment. \n\nYou have to see from both angles.
951065
it depends what you want the money for and how much, for example there is a small grants fund usually run by your local authority which can give up to £750 and the form is really easy.\n\nit's called the Sportlot Community Chest. Hope this helps
367184
Nothing is Free.  Someone has to pay for it.  Usually, it is money taken from one person and given to another person, who has a greater need , or the government thinks has greater merit.
173455
If your friends are indian tax payers. And your trust is registered in india, and with the Income tax Department. Your friends will get tax benefit in india. {Section 80G of the Income Tax , 1961}
1018568
The new tax return form 2F is not bad.  It asks you much information in that financial year.  90% of the persons dose not pay correct Tax.  For example, how many employees are paying correct taxes.  The are just paying taxes on their salary but not on other income like house rent they earn and the interest they earn on FDs and from capital gains.  \n\nAlmost all the political people will face problems in filling this form.  If they fill this form each year, then they cannot tell stories for their properties later.  \n\nIn my view, the new form is the right one for Indians.  But I am sure that this form will be withdrawn due to political people pressure. (Saying that due to public demand the form is withdrawn.).  We must watch what will happen.\n\nN.J.Reddy\n\nneswarareddy@yahoo.com
523192
PF rule is -\nEmployees' share of contribution is Minimum 12% of Basic +DA.\nEmployers' share is 12% of B+DA, out of this 8.33% of B+DA (maximum-6500) goes to EPS (Penstion fund) with the Govt.and, the balance to your PF a/c.\nYou can close the account by filling Form 19 ,and,if the employer is exempted unit then by Form 10-C (if the total period is less than 10 years) for EPS amount and by an application to the Employer for PF amount. \nIf the period is more than 10 years then EPS amount can not be drawn but at the age of 51-58 you can fill Form 10-D to get pension from the Govt. (RPF Commissioner)\nfor further details you can chat with me.
410923
I'm curious why are there so many people from India on this website? As for the question...\nyes but\non an income basis.
151304
refer v.k.singhania's students' guide to income tax\na.y-2006-07
958104
Rs.45000 minimum ( thats about 1000 US $)
1015011
The answer is in the second picture from this site:\n\nhttp://www.metacafe.com/watch/20557/only_in_india/
771176
Income upto Rs.100000 was exempt from tax .Remaining 110000 we can deduct portion of educational loan repaid.For eg if u reapaid rs.50000 then u can deduct 50000 from rs.110000 if u didn't repaid any amount then u cannot claim.\nAfter deducting the portion of educational loan tax amount is calculated as\nFor first 50000@10%\nFor next 100000@20%\nFor remaining amount @30%
52140
wow 70% that would be a large payment!!!!!\n\nI can not believe people still think we get these "checks" for money and all these benifits.  First off how did you people calculate the "70%".  \n\nHer parents would have to be registered indians, and her grandparents and her grandparents parents.\nAnd then wow she can be called an Indian and really find out what it's like, and live in poverty like 70% of us do.
704643
INCOME TAX REBATE ON TUITION FEES DEPENDS ON THE FOLLOWING TERMS AND CONDITIONS OF THE I.T.ACT.1961 WHICH ARE AS UNDER :\n1 IT AVAILABLE  FOR TUITION FEES PAID BY THE PARENTS FOR HIS/HER CHILDREN ( MAXI. TO 2 CHILDREN )\n2. TOTAL OF ALL OTHER SAVINGS \nLIKE NSC PURCHASE,NSC INTEREST REINVESTED,PPF,CPF,EPF,LIC PREMIUM,INCLUDING AMT. OF TUITION FEES FOR CHILD'S EDU.IS LIMITED TO RS. 1 LAC
822552
Answer is need not to pay Tax\n\nGift Tax shall not be charged in respect of gifts made by a person :-\n\n\nbeing a non-resident individual to any person resident in India, of foreign currency or other foreign exchange , remitted from a country outside India during the period from 26th October, 1965 to 28th February, 1966 or such later date as the Central Government may, by notification in the Official Gazette, specify in this behalf – Section 5(1)(iia) \nbeing a person resident outside India out of moneys standing to his credit in a Non-resident(External) Account in any bank in India-Section 5(1)(iib) \nbeing a non-resident Indian to any of his relatives in India, of convertible foreign exchange remitted from a country outside India- Section 5(1)(iic) \nbeing a non-resident Indian to any of his relatives in India of property in the form of any foreign exchange asset-section 5(1)(iid) \nregarding one time gift made out of any deposit held by him under the Non-Resident(Non-repatriable) Rupee Deposit Scheme, 1992 of the Reserve Bank of India-Section 5(1)(iie) \nto any of his relatives in the form of notified NRI bonds specified under Section 10(15)(iid) of the Income tax Act- section 5(1)(iie) \n\n\nIncome which do not form part of total income  \nAn Exemptions exclusively for non-residents/ foreigners\n\n\n\nAny Interest on or premium on redemption of such bonds or securities as the Central Government may notify. \nInterest on Non-Resident (External) Accounts in any bank in India by NRIs. The exemption is valid only so long as the individual resides outside India. When he returns to India, he will no longer be entitled to such exemption. However, if he applies to the RBI to maintain or continue the NRE account, the exemption will be available so long as the permission remains valid-Section 10(4)(ii). \nInterest on Foreign Currency Non-Resident Accounts \nInterest on Foreign Currency ( Ordinary Non-Repatriable) Deposit Scheme \nInterest on Non-Resident ( Non-Repatriable ) Rupee Deposit Scheme \nDividend on units of Unit trust of India provided the units are purchased from proceeds of foreign exchange remittance or from balances held in NR(E). FCNR accounts of the investor. \nInterest on specified Saving Certificates received by Non-Resident Indian citizens or Persons of Indian Origin provided such certificates have been subscribed in convertible foreign exchange remitted from outside India through official channels. \nAny allowance or perquisite paid or allowed as such outside India by the Government to a citizen of India for rendering services outside India- Section 10(7). \nTax on remuneration to a non-resident technician- tax paid to the Central Government by the employer ( being the Government, local authority, any corporation set up under special law or any approved institution or body carrying on scientific research), on remuneration payable to a technician ( being an individual) not resident in India in any of the four financial years immediately preceding the year in which he arrived in India and whose service as such commences after 31.3.1993, shall be exempt for a minimum period of 48 months commencing from the date of his arrival in India.- Section 10(5B) \nIncome exempt in respect of foreigners: \n\n\nPassage money- Section 10(6)(I) \nRemuneration of an official of an Embassy, High Commission, Legation, Affairs, Commissioner, Consulate or Trade Representative of a Foreign State or as a member of Staff of any of these officials.- Section 10(6)(ii)(iii)(iv)(v) \nRemuneration received by employee of foreign enterprises- Section 10(6)(vi). \nSalaries to non-residents employee on a foreign ship- Section 10(6)(viii). \nIncome of individuals engaged in research work in certain cases- Section 10(6)(x) \nRemuneration received by certain foreigners, on traveling in certain establishments. – Section 10(6)(xi) \n\n\nTax paid on behalf of a foreign Company- the amount of tax paid by Government or an Indian concern on behalf o
859001
There is a list of allowances and pay on the Parliament website. Remember are you including the basic pay, or the expenses they can claim for (such as office costs, staffing costs, equipment costs, blah blah)???\n\nAn MPs parliamentary salary is £60,277 from 1 November 2006.\nThe PM gets  £187,611 a year, before allowances.\n\nHow much are Ministers, the Prime Minister, the Leader of the Opposition, the Speaker in the Commons and office-holders in the Lords paid?\n\nMinisters’ pay is made up of two elements, the parliamentary salary (Members’ pay) and a ministerial salary. The table below shows the combined salary entitlement for Ministers and other office-holders for the last complete financial year:\n\nMinisters and office-holders in the Commons: including Parliamentary salary (£60,277 from 1 Novermber 2006)\nFrom 1 November 2006:\nPrime Minister - 187,611\nCabinet Minister - 136,677\nMinister of State - 99,908\nParliamentary Under Secretary - 90,358\nGovernment Chief Whip - 136,677\nGovernment Deputy Chief Whip - 99,908\nGovernment Whip - 85,782\nAssistant Government Whip - 85,782\nLeader of the Opposition - 130,312\nOpposition Chief Whip - 99,908\nDeputy Chief Opposition Whip - 85,782\nAssistant Opposition Whip - 85,782\nSpeaker - 136,677\nChairmen of Ways and Means - 99,908\nFirst Deputy Chairman - 95,108\nSecond Deputy Chairman - 95,108\nSolicitor General - 126,846\nAdvocate General for Scotland - 126,846
269599
Why not start by writing ur local Congress representative? Also, many charities have crises & family grants & loans. Try getting info. abt ur local ones from ur local social worker/ advice centre.