Category: Financial

the other instrument that an be invested in is Kisan Vikas Patra (KVP). Year Compound Interest Tenure (in 6 months) Principal Amount (in Rs.) 8% Interest compounded at Tenure period (in Rs) Overall Interest Earned by the end of Tenure (in Rs.) Overall Return at the end of Tenure (in Rs.) Actual (Yield) Interest Earned (in %) 1 1 100000 4000 4000 104000 4.00% 1 2 104000 4160 8160 108160 8.16% 2 3 108160 4326 12486 112486 12.49% 2 4 112486 4499 16986 116986 16.99% 3 5 116986 4679 21665 121665 21.67% 3 6 121665 4867 26532 126532 26.53% 4 […]

Refer to the excel calculator sheet LeaveEncashment-Tax-Exemption-Calculator.  FTR, 10(10AA) MADRAS HC judgement. Quick tabular for your reference is below: No of Days Leave Encashed 25 Leave Encashment Received (amount in INR) 100,000 Basic at time of Resignation or Retirement (last 9 months) 37,000 9 333,000 Basic in Last December (one month) 37,000 1 37,000 370,000 Calculation of Leave Encashment Exempted (1) Leave Encashment (in INR) 100,000 (2) Statutory Limit 300,000 (3) Average 10 mths basic 370,000 37,000 (one month) (4) Cash equivalent of 30 days salary for every completed year of service 30,833 (Average Basic * No Of Completed Yrs […]

for all Forex traders in IST…here is a quick list of world trading hours that fall in IST zone. World Markets Trade Hours in IST NUD     01:30 am  to  09:30 am     Wellington, New Zealand     (9 am to 5 pm local time: GMT+12) AUD     03:30 am  to  11:30 am     Sydney, Austrila            (9 am to 5 pm local time: GMT+10) JPY     05:30 am  to  01:30 pm     Tokyo, Japan                (9 am to 5 pm local time: GMT+9 ) HKD     06:30 am  to  02:30 pm     Central Hong Kong, China    (9 am to 5 pm local time: GMT+8 ) SGD     06:30 am  to  02:30 pm     […]