Sunday, September 17, 2017

Email Mistakes You're Probably Making And Need To Stop Immediately!

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Now a days, email has become the easiest and most popular means of communication. But most of us fail to get it right. It is rather easy to send ineffective, unnecessary emails and end up creating a wrong impression. Much easier to understand the dos and don'ts of email instead!

Here are 9 email mistakes that we should stop to make the mail simple and effective.

1. Using unclear subject lines

Email is most effective when your message is simple, short and to the point. Thus, the subject should be written in such a way that people instantly get an idea on what to expect when they open it.

2. Sending unnecessary email
Remember that email is not a substitute for face-to-face communication. One can avoid sending too many emails if they only choose to talk to each other. There’s no denying that emails are impersonal.

3. Using the wrong tone
Nobody wants to come across as offensive in their business emails. But the very nature of email can get you in trouble. An off-the-context or humorous comment may not be taken jokingly in an email. The smart approach is to draw a line between being too courteous and too friendly. Sarcasm is a big no as well.

4. Failing to use an email greeting
You shouldn't randomly just start an email. A simple ‘Hi’ or ‘good morning’ is enough to break the ice and keep courtesy intact.

5. Not reviewing an email before sending it
Reviewing an email before you send it can help ensure that its tone, meaning and length are correct. Additionally, it can help you keep a tab on your spelling, grammar and punctuation and that you've selected the right recipients.

6. Using BCC too often

It’s important to understand that using BCC is like talking behind someone’s back. Be careful when, and for what reasons, you are using BCC.

7. Emailing the wrong person

It is common for us to use ‘auto-fill,’ predictive text and ‘threads’, which increases the risk of sending emails to the wrong person. So keep an eye out!

8. Forwarding senseless emails

We're hoping that the era of forwarding emails has gone away. Forwards are just like spam. You might find them hilarious, but it might not be funny to the next person. Thus, there’s no need to spam everyone’s already full inboxes.

9. Writing too much

A verbose(containing more words than necessary) email can be a big turn off. Thus, keep it brief.

Source:http://www.indiatimes.com/lifestyle/self/9-email-mistakes-you-re-probably-making-and-need-to-stop-immediately-254120.html

Friday, September 15, 2017

New Passport Rules in India

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In order to streamline, liberalize and ease the process of issue of passport, the Ministry of External Affairs has taken a number of steps in the realm of passport policy which is expected to benefit the citizens of India applying for a passport. 

The details of these steps are given below:-

DOCUMENTATION FOR PROOF OF BIRTH
  • As per the earlier rules, submitting a birth certificate was compulsory for all applicants born on/after 26th January 1989. But the new rules have bought in a relaxation in this regards. Now, any of the following documents containing the DOB of the applicant will suffice:
  • Birth Certificate (BC) issued by the Registrar of births and deaths or the Municipal Corporation or any other prescribed authority whosoever has been empowered under the Registration of Birth & Deaths Act, 1969 to register the birth of a child born in India
  • Transfer/school leaving/matriculation certificate issued by the school last attended/recognised educational board
  • PAN card
  • Aadhar card/E-aadhar
  • Copy of the extract of the service record of the applicant (only in respect of Government servants) or the pay pension order (in respect of retired government servants), duly attested/certified by the officer/in-charge of the administration of the concerned ministry/department of the applicant
  • Driving license
  • Election Photo Identity Card (EPIC) issued by the Election Commission of India
  • Policy bond issued by the public life insurance corporations/companies

DETAILS OF PARENT/LEGAL GUARDIAN:
In a welcome move, the new passport rules has done away with the mandate requiring names of both parents at the time of application. An applicant now only needs to provide the name of either one of the parents or the legal guardian. This makes it easier for children with single parents or orphans to apply for a passport. Provisions have also been made for spiritually oriented people (Sadhus/Sanyasis) who can now mention the name of their spiritual leader instead of their biological parents.
ANNEXES
The total number of annexes has been bought down from 15 to 9. Annexes A, C, D, E, J, and K have been removed and some of them have also been merged. Lesser annexes means less trouble for you to collate documentation.
ATTESTATION
While all annexes needed attestation from a Notary/Executive Magistrate/First Class Judicial Magistrate previously, henceforth all these annexes can now be in the form of a self-declaration from the applicant on plain paper. This will spare you all the running around for attestation that you would have had to do previously.
MARRIED/DIVORCED PERSONS
The need for a marriage certificate has been discontinued (along with annexure K). Also, in case of a divorce the applicant will not be required to provide the name of their spouse. This is another interesting change that has been made taking into consideration changing societal norms.
WORK RELATED URGENT PASSPORTS
For urgent passports, if a government employee is unable to procure the NOC (no objection certificate) or identity certificate from their employers, they can submit a self-declaration stating that they have given a prior intimation letter to their employer informing that they are applying for an ordinary passport to a passport issuing authority.
Overall, this move is set to make the application process easier and hassle-free for everyone. A welcome move, we say!

Monday, August 7, 2017

Things in our home which requires regular cleaning



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We all would like to have a home that’s free of germs, fungus, mold, and other pests, but there are some places /things  we don’t know  or even realize that they require a serious cleaning.

 Here is the list of such household  things which require regular cleaning.

1. Toothbrushes

Things to Clean

Did you know that your toothbrush is mostly infested with hundreds of thousands of bacteria even after the first time you use it? To clean your toothbrush just pour a cup of vinegar  and dip your toothbrush in it for 15-30 minutes.

2. Toothbrush Holder

Things to Clean

After you’ve cleaned your toothbrush, you shouldn’t put it back in a filthy holder. A 2011 study from the University of Massachusetts found that the toothbrush holder is the 3rd-dirtiest object in our home. To clean it, rinse it in hot water and dry with a clean cloth. If the insides are hard to reach, you can use a pipe-cleaner. Make sure you get any and all traces of toothpaste from it, then fill it up with mouthwash and leave it that way for 2 minutes. Rinse again and let it air dry.

3. Vacuum Filter

Things to Clean

Is your vacuum cleaner releasing unpleasant smells when your turn it on? This may indicate a contaminated filter. Buying a new one can cost you a pretty penny, but you can save the money by running the filter in the dishwasher. First, manually remove as much dust and particles off of it as you can, and then run it in the dishwasher and let it air dry for a couple of days.

4. Smartphones

Things to Clean

Smartphones are a breeding ground for bacteria – it’s near our mouths, in our hand, and most people take it with them to the toilet. To clean your smartphone, use a cleaning cloth lightly soaked in multi-purpose cleaner (don’t apply the liquid directly onto the device). After you’re done, use a rag dipped in alcohol to clean the microphone and speaker. It’s highly recommended that you do this after you’ve been sick.


Things to Clean
The great majority of people, you probably don’t clean your shower curtains or bathmats regularly, thinking “they’re in cleanest place in the house”. Sadly, this is a misconception – the washing room is a hot, humid place, which is exactly what fungus and bacteria love. To thoroughly clean them, wash them in the washing machine with a cup of baking soda and use the gentle cycle.

6. TV Remote

Things to Clean

It’s possible that since you got your TV, you haven’t cleaned the remote control even once. This doesn’t mean you’re lazy or dirty, it’s often the case because people don’t know that they should, or how to do it. Web MD reported on a University of Virginia study that "showed the remote control's surface is among the germiest" in a modern home. Researchers found that half of the remote controls tested were positive for cold viruses. 

Read More: http://www.thelist.com/42439/things-in-your-house-you-probably-never-think-to-clean/?utm_campaign=clip

To clean the remote, begin by removing the batteries. Use a dry toothbrush to clean between the buttons. Dip a rag in a 1:1 water/alcohol solution and wipe the remote. Finally, dip cotton buds in the solution and clean between all the nooks and crannies. Finally, dry it with a clean rag and you’re done.

7. Down Blankets

Things to Clean

Before you stow it away for the winter, take the opportunity to clean your favorite blanket from all the sweat and stains it collected while warming us up in the winter. Due to its size, most washing machines and dryers can’t handle it, but you can clean up particular stains by using a little bit of water and stain-remover. Make sure not to wet the down feathers inside, and dry the spot with a hairdryer.

8. Pillows

Things to Clean

Did you know that your pillows are probably home to dust mites? (About 10% of a 2-year-old pillow’s weight is dead dust mites and their excrements).
Synthetic filling – Synthetic filling can usually be put through the washing machine, but make sure you read the label for cleaning instructions. If you want to keep the pillow’s shape in the machine, toss in 1 or 2 tennis balls.
Memory Foam or Down Feathers – Clean in the same way as the down blanket from #7.

9. Shower Loofa (the fibrous matter of the fluid-transport system of a marrow-like fruit, which is dried and used as a bath sponge.)

Image result for loofah meaning

It’s always covered in soap, so it should be clean, right? WRONG. Loofahs trap bits of dead skin, providing bacteria with a delicious meal. To clean it, fill a bucket with water and add a ¼ cup of bleach. Leave the loofa in the bucket for 5 minutes and you should be good to go.

10. Fabric Lamp Shades

Things to Clean



Things to Clean

If you forget your thermos in your car, you’ll often find it reeking, and a regular wash simply won’t cut it. To thoroughly clean it, pour boiling water into it, seal it and leave it in overnight, and then rinse it in the morning. Alternatively, you can add two teaspoons of baking soda to lukewarm water and fill it up with the solution and leave it for a few hours.

12. Ice Trays

Things to Clean

Most ice trays are dishwasher-safe, but some require extra cleaning. Silicon ice trays get slowly covered by a layer of calcium sulfide. To clean the tray, place in a solution if water and vinegar for 2 hours.

13. Drying Rack

Things to Clean

We use it to dry our clean dishes, but we hardly ever clean it too. The best way to clean a drying rack is by dipping it in a sink full of water, adding a ¼ cup of bleach per every gallon of water. Leave the rack in for 20 minutes, and  then use a cloth to remove any remaining mold or stains. Once you’re done, rinse the rack again, and let it air-dry for a day.

14. Bath Toys

Things to Clean

If you give your kids a bath and let them play with toys while in there, then make sure you wash these toys once you’re done. The toys may be breeding mold, so mix a ½ cup of vinegar in a gallon of water and soak the toys in it for an hour. Once you’re done, rinse the toys and let them air dry.

15. Baby Booster Straps

Things to Clean

You should be cleaning the chair itself with ease every time, but what do you do when the straps get dirty? Simply make a bleach and baking soda solution. Use a toothbrush to clean the strap with the cleaning solution, and then rinse the whole chair.

16.Light switches

I don't want to scare you, but the dirtiest spot in your home isn't your toilet seat. It's likely the light switches in the kitchen, bathrooms, and common spaces.

Unless you have one of those old 80s "clap on, clap off" hands free light devices, or a smart home system set up, then you are definitely spreading germs through touching your light switches. Healthline.com recommends wiping down all light switches with a disinfecting cloth once a week.

Read More: http://www.thelist.com/42439/things-in-your-house-you-probably-never-think-to-clean/?utm_campaign=clip

17.Yoga and exercise mats

Think about how much sweat, oil and grime gets on your yoga mat during normal use, before you even think about hot yoga or Bikram classes. You roll that thing out onto strange floors, and if your yoga teacher is like mine, she won't mind jumping on your mat with her bare feet to show you some killer move — and then it's time to go face down on the mat.

Sky Meltzer, CEO of Manduka, a major yoga mat retailer, says (via SafeBee) that you can wipe down your mat with a cloth and "equal parts water and apple cider vinegar in a spray bottle."

Read More: http://www.thelist.com/42439/things-in-your-house-you-probably-never-think-to-clean/?utm_campaign=clip

Wednesday, August 2, 2017

Should Diabetics Avoid Sugar Completely?

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Should Diabetics Avoid Sugar Completely?

Answer is NO. Sugar doesn't give you diabetes. 
The myth that sugar causes diabetes is commonly accepted by many people. This is a complicated issue. Eating sugar has nothing to do with developing type 1 diabetes. Type 1 is caused by genetics and other unknown factors that trigger the disease.

One of the biggest risk factors for type 2 diabetes is being overweight, and a diet high in calories from any source contributes to weight gain. However, research has shown that drinking sugary drinks is linked to type 2 diabetes, and the American Diabetes Association recommends that people limit their intake of sugar-sweetened beverages to help prevent diabetes.

In the past, people with diabetes were told to completely avoid sugar. Experts thought that eating sugar would raise blood glucose levels very high.
Research around this issue has shown that while the type of carbohydrate can affect how quickly blood glucose levels rise, the total amount of carbohydrate you eat affects blood glucose levels more than the type. 

Now experts agree that you can substitute small amounts of sugar for other carbohydrate containing foods into your meal plan and still keep your blood glucose levels on track.

That doesn't mean you can eat all the sugar you may want. 

Most sweets contain a large amount of carbohydrate in a very small serving. So you need to be sure to have a small serving.

It is only when one is diabetic that they are asked to cut down on sugar and foods that have high sugar content. This is a part of diet restrictions that comes with this disease. However, it is not advisable to avoid sugar completely. That can lead to deficiency and further problems. A balanced diet has never harmed anyone, plan yours based around your diabetes

Planning balanced diet
1. Never be empty-stomach  
This will lead to subsequent drop in blood sugar levels which in turn can possibly lead to major complications. It is important to keep eating from time to time. So, if travelling or at work, make sure you carry snacks to be eaten between meals.

2. Take small but frequent meals 
Schedule your day such that you eat at regular intervals. Since you are not supposed to go hungry, make it a point to eat small meals frequently. Portion control is important here.

3. Add more proteins to your diet 
While proteins are important for everyone, they hold special importance for a diabetic's diet.

4. Eat whole grains  
Whole grains that are rich in fiber are also good for diabetics as they are packed with nutrition. Since the glucose takes longer to break down, these types of foods keep you fuller for a longer time.

5. Take sweet when your sugar level dips  
There might be times when your sugar level dips. For unprecedented events like this, always carry something sweet in your body as a precaution. Diabetics should not avoid sugar completely. If at any time one feels giddy or uncomfortable, a bite of something sweet is what is helpful.

6. Do not cut off all foods with sugar 
Our body gets sugar from natural foods too, so negating sweet completely would mean you stop eating almost everything. Your aim should be to eat right and not abstain completely.

Courtesy:
Dr. Shradha Doshi
Diploma in Diabetology, MBBS · Endocrinologist · 

Monday, June 26, 2017

How to file IT return online in India and Ten facts to know about filing income tax return this year

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How to file IT return online in India? 
Filing of Income tax return online is very easy now a days and most of the IT payers in India adopt the method  of filing the IT returns online.

The first criteria for filing IT returns online is to create a Profile in the Website for filing Income Tax return online. PAN number of the IT payer is the User ID.User has to create a Password and remember it.


After login to the site, the user has to follow the steps given in the following link for filing IT return online by anyone  of the two methods mentioned therein.

Ten facts to know about filing income tax return this year

Here we are taking a look at ten facts which you need to know about filing income tax return this year for the last financial year:

1.Due date for filing return
The due date for filing your income tax return is 31st July 2017. If you need to get a tax audit done, the due date is 30th September 2017. Filing before the due date is important if you want to carry forward any loss incurred by you during the year.

2.Mandatory return filing
It is mandatory to file income tax return if your taxable income before any deduction exceeds Rs 2.5 lakh. “The limits are 3 lakh and 5 lakh for senior citizen and super-senior citizen, respectively. Also, filing of ITR has been made mandatory if one has Long Term Capital Gains from sale of shares or mutual funds of more than Rs 2.5 lakh in a year,” says Archit Gupta, Founder & CEO, ClearTax.in.

3.Change in law w.r.t. revised return
Till last year, a revised return could be filed only if the original return was filed within the due date. Starting from this year, a return can be revised even if filed after due date, i.e even if a belated return is filed.

4.Linking of Aadhaar card with PAN
Based on a Supreme Court ruling and the rules announced during Budget 2017, it is now mandatory to link your Aadhaar Card with your PAN if you own both PAN and Aadhaar. 
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An interim relief has been provided by the SC only to those who may have PAN but not Aadhaar. However, your Aadhaar number or the Aadhaar Enrolment ID number will now be mandatorily required for filing of income tax returns as well as for applications for PAN from July 1 this year.

5.Dividend Tax
There has been a new rule regarding dividends. “Any person who receives dividend above Rs 10 lakh has to pay an additional income tax of 10% (on amount in excess of Rs 10 lakh). Dividend here includes dividend on equity shares or mutual fund units,” says Gupta.

6.Return filing mandatory even if TDS deducted
There is a misconception that a return has to be filed only when any tax is due. Return filing is now mandatory irrespective of TDS deducted on your income if your income exceeds Rs 2.5 lakh.

7.TDS and Form 26AS
Form 26AS is a Tax Credit Statement that contains details of all TDS deducted against your income. It is a good practice to check the TDS figures in Form 26AS before filing the income tax return.

8.Savings Bank Interest Income
Interest earned on savings bank account balance should be declared in the income tax return. Also, “a deduction of Rs 10,000 is available u/s 80TTA for income from interest. This means that savings interest income up to Rs 10,000 is indirectly exempt in the form of a deduction. This income can be calculated from the bank statement. The interest is usually paid quarterly or half-yearly,” says Gupta.

9.Schedule AL
A statement of assets and liabilities has to be provided by every assessee whose income is more than Rs 50 lakh, This statement also includes the cost of acquisition of movable properties held such as jewellery, vehicle or cash.

10.E-Verification of Income Tax Returns
It is now possible to E-verify your income tax return instead of sending ITR-V by post. This makes the verification process easier. This is an important step that is required to complete the process of online income tax return filing.

Monday, June 12, 2017

Depression and tips to overcome Depression


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Depression is a state of low mood and aversion to activity that can affect a person's thoughts, behavior, feelings, and sense of well-being.


Depression (major depressive disorder or clinical depression) is a common but serious mood disorder. It causes severe symptoms that affect how you feel, think, and handle daily activities, such as sleeping, eating, or working. To be diagnosed with depression, the symptoms must be present for at least two weeks.


People with a depressed mood may be notably sad, anxious, or empty; they may also feel notably hopeless, helpless, dejected, or worthless. Other symptoms expressed may include senses of guilt, irritability, or anger. 


Further feelings expressed by these individuals may include feeling ashamed or an expressed restlesness. These individuals may notably lose interest in activities that they once considered pleasurable to family and friends or otherwise experience either a loss of appetite or overeating. Experiencing problems concentrating, remembering general facts or details, otherwise making decisions or experiencing relationship difficulties may also be notable factors in these individuals' depression and may also lead to their attempting or actually committing suicide.


Types of Depression:


Some forms of depression are slightly different, or they may develop under unique circumstances, such as:

  • Persistent depressive disorder (also called dysthymia) is a depressed mood that lasts for at least two years. A person diagnosed with persistent depressive disorder may have episodes of major depression along with periods of less severe symptoms, but symptoms must last for two years to be considered persistent depressive disorder.

  • Perinatal depression is much more serious than the “baby blues” (relatively mild depressive and anxiety symptoms that typically clear within two weeks after delivery) that many women experience after giving birth. Women with perinatal depression experience full-blown major depression during pregnancy or after delivery (postpartum depression). The feelings of extreme sadness, anxiety, and exhaustion that accompany perinatal depression may make it difficult for these new mothers to complete daily care activities for themselves and/or for their babies.

  • Psychotic depression occurs when a person has severe depression plus some form of psychosis, such as having disturbing false fixed beliefs (delusions) or hearing or seeing upsetting things that others cannot hear or see (hallucinations). The psychotic symptoms typically have a depressive “theme,” such as delusions of guilt, poverty, or illness.

  • Seasonal affective disorder is characterized by the onset of depression during the winter months, when there is less natural sunlight. This depression generally lifts during spring and summer. Winter depression, typically accompanied by social withdrawal, increased sleep, and weight gain, predictably returns every year in seasonal affective disorder.

  • Bipolar disorder is different from depression, but it is included in this list is because someone with bipolar disorder experiences episodes of extremely low moods that meet the criteria for major depression (called “bipolar depression”). But a person with bipolar disorder also experiences extreme high – euphoric or irritable – moods called “mania” or a less severe form called “hypomania.”
Examples of other types of depressive disorders newly added to the diagnostic classification of DSM-5  include disruptive mood dysregulation disorder (diagnosed in children and adolescents) and premenstrual dysphoric disorder (PMDD).
Signs and Symptoms
If you have been experiencing some of the following signs and symptoms most of the day, nearly every day, for at least two weeks, you may be suffering from depression:

  • Persistent sad, anxious, or “empty” mood
  • Feelings of hopelessness, or pessimism
  • Irritability
  • Feelings of guilt, worthlessness, or helplessness
  • Loss of interest or pleasure in hobbies and activities
  • Decreased energy or fatigue
  • Moving or talking more slowly
  • Feeling restless or having trouble sitting still
  • Difficulty concentrating, remembering, or making decisions
  • Difficulty sleeping, early-morning awakening, or oversleeping
  • Appetite and/or weight changes
  • Thoughts of death or suicide, or suicide attempts
  • Aches or pains, headaches, cramps, or digestive problems without a clear physical cause and/or that do not ease even with treatment

Not everyone who is depressed experiences every symptom. Some people experience only a few symptoms while others may experience many. Several persistent symptoms in addition to low mood are required for a diagnosis of major depression, but people with only a few – but distressing – symptoms may benefit from treatment of their “subsyndromal” depression. The severity and frequency of symptoms and how long they last will vary depending on the individual and his or her particular illness. Symptoms may also vary depending on the stage of the illness.
Source :
https://en.wikipedia.org/wiki/Depression_(mood)
https://www.nimh.nih.gov/health/topics/depression/index.shtml?utm_source=BrainLine.orgutm_medium=Twitter

How to overcome depression? Some Tips:
1. Get some Sun.

Expose yourself to sunlight at least 15 minutes of every day.

Sunlight is known to boost your mood and that might just make you feel a lot better. Be it a morning jog or gardening or hiking or taking a stroll outside during your lunch break, it will surely help you feel a bit better.

2. Reach out to people.

When you are depressed, you tend to withdraw and isolate yourself by cutting off from friends, family and the outside world in general.

However, you must realize that it is important to reach out to people to heal the pain that you are going through for it will only uplift your mood and spirit.

Be it in the form of talking to a friend or anyone who you think understands you better or joining a class or volunteering in a social event, being around people will certainly do the required healing.

3. Indulge in things that make you happy.

What is it that you really enjoy doing - painting, yoga, playing a musical instrument, reading, writing?

While you can’t force yourself to have fun but you can certainly push yourself to do things you like doing, even when you don’t feel like it, even when its difficult.

4. Have some physical activity in the day.

When you are fighting with depression, even getting out of your room can be a big task, forget indulging in a work out session.

But try and do some physical activity, be it as small as moving up and down a flight of stairs or walking because exercise is a powerful depression fighter and it will certainly make you feel a lot lighter and better about yourself.

5. Eat healthy.

Indulge in healthy eating, for the food you eat has a direct bearing on how you feel.

Grab a bowl of muesli with some yoghurt topped with fresh fruits instead of a burger with loaded cheese fries. Once you start taking care of your food habits, you will surely find a difference in your mood.

6. Think healthy and positive.

Thinking about the past isn't going to change anything. It's only going to make you feel more depressed. You will only end up hurting yourself and spoiling your present and eventually your future.

Don’t do that to yourself.

Take charge of your happiness and your life and start focusing only on the good and you will eventually attract all the great things back into your life.

7. Make it a point to go out at least once in two days.

Treat yourself to your favorite ice cream at the nearby ice cream parlour or go for grocery shopping or go for a walk in the park for it will only infuse some positivity and color into your life.

8. Find ways to distract yourself.

Whenever you feel that bout of depression coming, do something that uplifts your mood. Be it talking to someone whom you are fond of, playing a guitar, cooking, listening to music, watching your favorite series on Netflix and don’t let that pain take you in its grasp.

The tips to beat depression are given in brief in the following diagram:
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Medical treatments for depression


The main medical treatment for depression is antidepressant medication. There's a lot of misinformation about antidepressant medication and while there is no simple explanation as to how it works, it can be very useful in the treatment of moderate to severe depression and some anxiety disorders.
If you're experiencing moderate to severe depression your doctor may prescribe antidepressant medication, along with psychological treatments. Antidepressants are sometimes prescribed when other treatments have not been successful or when psychological treatments aren't possible due to the severity of the condition or a lack of access to the treatment.
People with more severe forms of depression (bipolar disorder and psychosis) generally need to be treated with medication. This may include one or a combination of mood stabilisers, anti-psychotic drugs and antidepressants.



Friday, May 26, 2017

Income tax for Individuals for the Annual Year 2018-19(Financial year 2017-18) and Eligible deductions

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How Income Tax is charged in India?

Income tax in India is charged based on one’s income, more the income more the tax. India has four  income slabs or groups.Tax slabs keep on changing from year to year. Over and above tax, surcharge and education cess is also charged.  These are announced in budget by the Finance Minister every year.

Income tax for Individuals for the Annual Year 2018-19(Financial year 2017-18)

New Income Tax Slabs for FY 2017-18 (AY 2018-19) have been provided based on the Finance Budget introduced by the Hon’ble Finance Minister on February 01, 2017. 

While the income tax slabs have been kept unchanged, some interesting changes have been made which will have an impact on the tax liability of Individuals.
Individuals Below 60 Yrs – Income Tax Slab 2017-18 (AY 2018-19)

Income Tax SlabIncome Tax Rate
Income upto Rs. 2,50,000Nil
Income between Rs. 2,50,001 – Rs. 500,0005% of Income exceeding Rs. 2,50,000
Income between Rs. 500,001 – Rs. 10,00,000Rs. 12,500 + 20% of the amount by which the taxable income exceeds Rs. 5,00,000
Income above Rs. 10,00,000Rs. 1,12,500 + 30% of the amount by which the taxable income exceeds Rs. 10,00,000
Surcharge :
  • 10% of the Income Tax, where taxable income is more than Rs. 50 lacs and upto Rs. 1 crore. However, the amount of Income Tax and Surcharge shall not increase the amount of income tax payable on a taxable income of Rs. 50 lacs by more than the amount of increase in taxable income.
  • 15% of the Income Tax, where taxable income is more than Rs. 1 crore. However, the amount of Income Tax and Surcharge shall not increase the amount of income tax payable on a taxable income of Rs. 1 crore by more than the amount of increase in taxable income.
Education Cess : 3% of the total of Income Tax and Surcharge.

Income Tax Rebate Reduced

The income tax rebate continues but it is reduced now. The income tax rebate came down to 2,500. Last year it was ₹5000. Not only the reduction, the threshold for this rebate also came down. Now, the income upto 3.5 lacs is eligible for this rebate. Earlier, income upto ₹5 lac was eligible for the income tax rebate.
Because of this provision, those who earns up to Rs 3 lacs are not required to pay any tax. Rather, if a person uses the all available deductions, the income up to Rs 5 lacs can become tax-free.
Senior Citizens (60-80 yrs) : Income Tax Slab 2017-18 (AY 2018-19)

To avail the benefit of senior citizen’s income  tax slab of 2017-18, one should be born on or after 1st April 1937 but before 1st April 1957. These dates are applicable for the income tax slab rate of the financial year 2017-18.

Income Tax SlabIncome Tax Rate
Income upto Rs. 3,00,000Nil
Income between Rs. 3,00,001 – Rs. 500,0005% of Income exceeding Rs. 3,00,000
Income between Rs. 500,001 – Rs. 10,00,000Rs. 20,000 + 20% of the amount by which the taxable income exceeds Rs. 5,00,000
Income above Rs. 10,00,000Rs. 1,20,000 + 30% of the amount by which the taxable income exceeds Rs. 10,00,000

Education Cess

Senior citizens are also required to pay education cess similar to other individuals. The 3% cess is charged on the income tax of senior citizens. Due to this the effective income tax slab rate increases.

Super Senior Citizens ( above 80 yrs) : Income Tax Slab 2017-18 (AY 2018-19)

The senior citizens of above the age of 80 gets maximum tax concession from the government. They get this concession considering increased medical and healthcare expenses.
To get the benefit of this income tax slab rate, one should be born before 1st April 1937.
Income Tax SlabIncome Tax Rate
Income upto Rs. 5,00,000Nil
Income between Rs. 500,001 – Rs. 10,00,00020% of Income exceeding Rs. 5,00,000
Income above Rs. 10,00,000Rs. 100,000/- + 30% of the amount by which the taxable income exceeds Rs. 10,00,000/-.

Any NRI or HUF or AOP or BOI or AJP

Income Tax :
Income SlabsTax Rates
i.Where the taxable income does not exceed Rs. 2,50,000/-.NIL
ii.Where the taxable income exceeds Rs. 2,50,000/- but does not exceed Rs. 5,00,000/-.5% of amount by which the taxable income exceeds Rs. 2,50,000/-.
iii.Where the taxable income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-.Rs. 12,500/- + 20% of the amount by which the taxable income exceeds Rs. 5,00,000/-.
iv.Where the taxable income exceeds Rs. 10,00,000/-.Rs. 112,500/- + 30% of the amount by which the taxable income exceeds Rs. 10,00,000/-.
  

List of Income Tax Exemptions FY 2017-18 / AY 2018-19 (Chapter VI-A deductions list)

Income tax deductions list Income tax exemptions tax benefits Fy 2017-18 AY 2018-19 Section 80c limit 80D 80E NPS Home loan interest loss

For full details of Income Tax exemptions click the following link:

Sources:

To know about Income tax for Individuals for the Annual Year 2017-18(Financial year 2016-17) and Eligible deductions click the link given below