'Some are born great, some achieve greatness and some have greatness thrust upon em'
PREM....LOVE AS MUCH AS U CAN ……… i just want to live upto my name and wish to inspire others in any manner.. i'm just like any ordinary person with dreams and aspirations in my eyes and an urge to accomplish something in life for which i may b remembered forever.
Now a days, TDS is deduced at applicable rate OR 20% whichever is higher is deducted where PAN is not registered with Bank. Some banks have made PAN compulsory for opening of fixed deposits exceeding Rs.50,000/-
If one feels that your total interest income for the year will not fall within overall taxable limits, then one should inform his / her bank not to deduct TDS on deposit, by submitting a form as per the provisions of the Income Tax Act. The forms required for different categories have been listed below:
Category of Account
Form Required
Individual
15H
Trusts
15AA
Remember that : -
(a) You have to obtain 15AA Form from the Assessing Officer of Income Tax department.
(b) Even if you submit the 15H / 15AA Form, the tax which has already been deducted by way of TDS during the year prior to submission of 15H Form, is usually not refunded by the ban as they are under obligation to deposit this TDS within a time bound period. . However Certificates will be issued to the customers which can be used while filing his/her tax return.
15H/15AA Forms are valid only for the particular financial year in which they are issued.
Usually banks ask that a fresh15H form is needed to be furnished for each deposit that is placed with the Bank
However, if the depositor furnishes form 15H (which is available free of cost from all banks) and therein declares he / she does not have tax liability at all, the bank will not deduct any TDS from the interest earned by the depositor.
Thus, the above, in a nutshell indicates that if the interest income from a bank branch is more than Rs.10,000/- (and you have not submitted form 15H), the Bank will deduct the TDS. For any TDS deducted by the bank, it will issue a Form 16A which can be used while filing the income tax returns. Such TDS is also reflected in the AS26 form which can be generated from income tax website.
Thus, in case you do not want the TDS to be deducted, you can split your Bank Deposits in two or more Banks or branches so that the total interest earned at one branch is less than Rs.10,000/-. (However, remember this does not mean that income earned from such deposits is exempted from income tax. You have to club all such interest income and add to your other income, and pay the tax while filing the income tax return.)
People prefer to deposit their savings in fixed deposits as such deposits earn higher rate of interest than normal savings account. However, they face the problem of TDS (Tax Deducted at Source) by banks for fixed deposits.
In Income Tax law, one of sources of the income is "Interest Income" and thus directions issued by income tax authorities have to be followed by all bankers.
What are the rules for deducting tax on fixed Deposit ? When do the bank deduct TDS on a fixed deposit? :
Banks deduct tax (TDS), if the total interest earned on all your fixed deposits in the bank is greater than Rs.10,000/- during a financial year. The tax liability for the purpose of TDS was earlier determined at the branch level. The bank branches used to check interest on your fixed deposits at a particular branch only as it was impossible to club the interest earned in other branches. However, after introduction of CBS, some banks are able to club such interests at different branches if Customer ID is same. Thus, if interest earned on fixed deposits in different branches exceeds the threshold, the TDS will be deducted by the system. TDS is also deducted on interest accrued (but not yet paid) at the end of the financial year viz. 31st March every year. The rate at which TDS is deducted varies according to the category of account holders
The form 15G and 15H are submitted to banks by depositors who DO NOT want that TDS be deducted from their interest earned on fixed deposits. A person who is below 65 years can file the Form 15 G . However, only a person of 65 years or more is eligible to file Form 15 H .However, this is not the only difference, but some other major issues relating to 15G and 15 H. are discussed below:-
15G CAN NOT BE filed by any person who gets AGGREGATE income from Dividend or Interest or Interest other than Interest on securities or on Securities or withdrawal or surrender value of pension plan of insurance for which deduction u/s 80CCA was availed,
exceeds Rs 1,00,000 (maximum exempt) ; or
tax on estimated total income including the income for which 15G is submitted of is NOT nil.
In nutshell we can say that anybody whose tax on estimated income is not NIL or having income from interest or surrender value of pension plan above Rs 1,00,000/-, can not file DECLARATION u/s 15G .This is clear from the point 3 & 4 of the of From 15 G .
However, if you are eligible and also fulfill the condition , the payer can not deduct the tax even if it is above 10,000
Senior Citizen who are only eligible to file the Declaration in Form 15H has no such conditions .This form can be submitted by senior citizen only if tax on estimated income of the senior citizen is NIl. This is clear from point 4 of the form 15H, which reads as under:-
" 4. that the tax on my estimated total income, including *income/incomes referred to in the Schedule below computed in accordance with the provisions of the Income-tax Act, 1961, for the previous year ending on relevant to the assessment year _____________ will be nil"
FORM NO. 60 :[See second proviso to rule 114B] : Form of declaration to be filed by a person who does not have a permanent account number and who enters into any transaction specified in rule 114B. Form of Declaration to be filed by a person who does not have either a Permanent Account Number or General Index Register Number and who makes payment in cash in respect of transactions specified in clauses (a) to (h) of rule 114B
FORM NO. 61: [See proviso to clause (a) of rule 114C(1)]. Form of declaration to be filed by a person who has agricultural income and is not in receipt of any other income chargeable to income-tax in respect of transactions specified rule 114B. Form of Declaration to be filed by a person who has agricultural income and is not in receipt of any other income chargeable to income tax in respect of transactions specified in clauses (a) to (h) of rule 114B
The basic premise of Ladder Theory is that all men gauge women on an I-would-have-sex-with-this woman/how-likely-is-she-to-have-sex-with-me scale.
Women apparently have two ladders:
Potential sexual partners, and
Platonic partners - those she would never have sex with.
Given that women are arguably a lot more more complex than men, then that figures..
Classification and ranking (for both sexes) is described as a 'Ladder' hence the name Ladder Theory.
Allegedly, the higher up on someone's ladder you are the more likely you are to get laid.
The following (basic) table sets out how men and women apparently make their initial mental assessment of each other.
ladder theory male/female assessment factors
men
%
women
%
How attractive is she
60
How much money/power does he have
50
How soon she will have sex with me
30
How attractive is he*
40
Other aspects
10
How much women say and don't mean (e.g., I prefer a man with a sense of humour, a sensitive man, etc)
10
* Attractive (40%) to women is broken down as follows:
50% - Physical Attraction
20% - Competition (is he someone else's, does he ignore me, I-want-what-I-can't-have, etc..)
20% - Novelty (women it appears lay some kudos on men being 'novel')
10% - Other (we can only guess..)
men's ladders
Based on the above, a man will place a woman highest on his ladder if (he judges) she is willing to have sex with him and he finds her attractive.
It could be said that most men and women would not find that statement ground-breaking.
Men apparently classify women as follows:
Top - (of course) is the woman he really/most fancies.
Next - the women who he would have sex with and admit to.
Last - those women he would have sex with but never admit to it (or be too drunk to remember who she was). Too much alcohol can as we know make even the most unattractive woman (and man) appear desirable.
As an aside it should be remembered that beauty is subjective, and (often) superficial, especially when applied to women (although some men also prefer not to be to seen without their make-up or other physical enhancements).
Men, as stated in the Ladder Theory, do not have a ladder for 'Platonic' females since the theory works on the premise that all men basically evaluate women as sexual objects.
women's ladders
Women as stated earlier have two ladders - Potential Sexual Partners and Platonic Partners.
The first problem here for men is that they often don't know which ladder they are on.
When they do get it wrong they can come to an 'abysmal' end.
Women place Money/Power as a man's most attractive aspect.
This is borne out by how many 'not very attractive' powerful rich men have beautiful women companions. (If the cap fits..)
Do not stand at my grave and weep, I am not there, I do not sleep.
I am a thousand winds that blow. I am the diamond glint on snow. I am the sunlight on ripened grain. I am the gentle autumn rain.
When you wake in the morning hush, I am the swift, uplifting rush Of quiet birds in circling flight. I am the soft starlight at night.
Do not stand at my grave and weep. I am not there, I do not sleep. Do not stand at my grave and cry. I am not there, I did not die!
Do not stand at my grave and weep. I am not there, I do not sleep.
I am the song that will never end. I am the love of family and friend. I am the child who has come to rest In the arms of the Father who knows him best.
When you see the sunset fair, I am the scented evening air. I am the joy of a task well done. I am the glow of the setting sun.
Do not stand at my grave and weep. I am not there, I do not sleep. Do not stand at my grave and cry. I am not there, I did not die!
Java 1.6 was released to overcome a few shortcomings and provide enhanced features when compared to Java 1.5
Details of 1.6 are mentioned below.
Advantages to running applications on Java SE 6 Applications run faster on the desktop and servers New 'Dynamic Attach' diagnostics simplify troubleshooting Expanded Solaris DTrace support provides additional value on Solaris Improved 'native' look and feel across Solaris, Linux, and Windows First Java platform with full support for Windows Vista Benefits in upgrading developer environments to Sun's Java SE 6 JavaScript integrated and included with the platform Scripting languages framework extends support for Ruby, Python, and other languages Complete light-weight platform for web services, right out of the box Simplified GUI design and expanded native platform support Full JDBC4 implementation providing improved XML support for Databases Java DB included with the JDK, a free to use and deploy Java Database Full support by NetBeans IDE 5.5 Sun Developer Services available to help build more robust applications Improved User Experience
Look-and-feel updates to better match underlying operating system Improved desktop performance and integration Enhanced internationalization support Improved performance Upwards binary compatibility
Security Features and Enhancements
Native platform Security (GSS/Kerberos) integration. Java Authentication and Authorization Service (JAAS) login module that employs LDAP authentication New Smart Card I/O API Native security services technical article » Find out more
Integrated Web Services
New API for XML digital signature services for secure web services New Client and Core Java Architecture for XML-Web Services (JAX-WS) 2.0 APIs New support for Java Architecture for XML Binding (JAXB) 2.0 XML home page » Find out more
Scripting Language Support (JSR 223)
New framework and API for scripting languages Mozilla Rhino engine for JavaScript built into the platform Scripting for the Java Platform technical article » Find out more
Enhanced Management and Serviceability
Improved JMX Monitoring API Runtime Support for dTrace (Solaris 10 and future Solaris OS releases only) Improved memory usage analysis and leak detection Monitoring and Management technical article
Increased Developer Productivity
JDBC 4.0 support (JSR 221) Significant library improvements Improvements to the Java Platform Debug Architecture (JPDA) & JVM Tool Interface
Collections Framework Enhancements
This page summarizes enhancements to the collections framework in Java SE 6. This release saw fewer API changes than 5.0, but there was more of a focus on the accuracy and clarity of the specification. We recommend using the Java SE 6 specification even when writing programs for older releases. The primary theme of the API changes was better bi-directional collection access. These new collection interfaces are provided: • Deque - a double ended queue, supporting element insertion and removal at both ends. Extends the Queue interface. • BlockingDeque - a Deque with operations that wait for the deque to become non-empty when retrieving an element, and wait for space to become available in the deque when storing an element. Extends both the Deque andBlockingQueue interfaces. (This interface is part of java.util.concurrent.) • NavigableSet - a SortedSet extended with navigation methods reporting closest matches for given search targets. A NavigableSet may be accessed and traversed in either ascending or descending order. This interface is intended to supersede the SortedSet interface. • NavigableMap - a SortedMap extended with navigation methods returning the closest matches for given search targets. A NavigableMap may be accessed and traversed in either ascending or descending key order. This interface is intended to supersede the SortedMap interface. • ConcurrentNavigableMap - a ConcurrentMap that is also a NavigableMap. (This interface is part of java.util.concurrent.) The following concrete implementation classes have been added: • ArrayDeque - efficient resizable-array implementation of the Deque interface. • ConcurrentSkipListSet - concurrent scalable skip list implementation of the NavigableSet interface. • ConcurrentSkipListMap - concurrent scalable skip list implementation of the ConcurrentNavigableMap interface. • LinkedBlockingDeque - concurrent scalable optionally bounded FIFO blocking deque backed by linked nodes. • AbstractMap.SimpleEntry - simple mutable implementation of Map.Entry • AbstractMap.SimpleImmutableEntry - simple immutable implementation of Map.Entry These existing classes have been retrofitted to implement new interfaces: • LinkedList - retrofitted to implement the Deque interface. • TreeSet - retrofitted to implement the NavigableSet interface. • TreeMap - retrofitted to implement the NavigableMap interface. Two new methods were added to the Collections utility class: • newSetFromMap(Map) - creates a general purpose Set implementation from a general purpose Map implementation. There is no IdentityHashSet class, but instead, just use Set
