jobsssssssssssss

We have opened up avenues
for

&
2 0 0 9
Engineering Graduates
The walk – in process is scheduled on Sunday 12th July 09
@ St. Josephs Indian High School. (Entry only on prior registrations)

Eligibility
B.E /B.Tech only from
• Computer Science
• Electronics & Communication
• Electronics & Instrumentation
• Telecommunication
• Information Science
Consistently secured 65% in academics (SSLC/PUC/Engineering)
No MS/ M.Tech/ MCA candidates

Registration Procedure & Venue.
Eligible & Interested candidates need to register at the below mentioned
venue between 8.00 a.m. to 6 p.m. on Friday, 10th July 09.
All candidates need to carry a copy of resume, passport size photograph and a photo id proof
Global Edge Software Limited
(Basement) 218, J P Royale
Sampige Road
Malleshwaram
Bangalore

Walk in Venue Details on 12th July 09.
St. Josephs Indian High School
adjacent to Mallaya Hospital,
Vittal Mallaya Road,
Bangalore








________

tax

FBT gone? Your take-home pay may be less now!

Fringe Benefit Tax was introduced in 2005 to be charged on the value of certain benefits offered by employers to their employees.

However, it turned out that the amount of tax collected by the government was not enough and the pain caused to corporates by way of compliance and paperwork was enormous. Under the 2009-10 Budget, FBT has been abolished.

Announcing the decision of the government to do away with FBT, Finance Minister Pranab Mukherjee said in his Budget speech that "this tax has been perceived as imposing considerable compliance burden. Empathising with these sentiments, I propose to abolish the fringe benefit tax."

While the abolition of FBT is going to be received very favourably by the finance departments at companies, the impact on your personal finances might not be the most optimal for you.

The removal of the FBT means that perquisites will be taxed in the hands of employees at the marginal rate of tax applicable to them...we will have to await the valuation rules applicable to perquisites.

All about tax proposals

Here's some analysis to show you why.

As you will see in the table below, we have considered the case of an employee -- earning an annual CTC (cost to company) of Rs 750,000 -- under the current scenario and the proposed scenario. The annual fringe benefits offered to the employee are just under Rs 300,000.

Assuming that under both scenarios the taxpayer is using their full Rs 1 lakh (Rs 100,000) 80C deduction, the net annual taxable salary under the existing scenario is Rs 368,000 and under the proposed scenario is Rs 644,996.

The new tax slabs

You will see that under the existing scenario, the take-home salary (i.e., CTC less income tax and FBT on fringe benefits provided) is Rs 700,418 (93% of CTC) whereas under the proposed scenario it will be Rs 649,576 (87% of CTC).

As this highly stylised example demonstrates, your personal taxation might be worse off under the proposed rules.

	EXISTING		PROPOSED UNDER BUDGET
	ACTUAL (Rs.)	TAXABLE	ACTUAL (Rs.)	TAXABLE
Basic Salary	25,000	25,000	25,000	25,000
House Rent Allowance	10,000	10,000	10,000	10,000
Special Allowance	4,000	4,000	4,000	4,000
Fringe Benefits from Employer
Club Membership	4,000	-	4,000	4,000
Tour and Travel Reimbursement	5,000	-	5,000	5,000
Hotel / Logding Reimbursement	2,000	-	2,000	2,000
Personal Conveyance Reimbursement	10,000	-	10,000	10,000
Gift Vouchers	2,500	-	2,500	2,083*
Monthly CTC	62,500		62,500
Annual CTC	750,000		750,000
Taxable Salary Per Month		39,000		62,083
Income Tax Computation
Total Annual Taxable Salary (Per Month x 12)		468,000		744,996
Less: 80C Deduction		100,000		100,000
Net Taxable Salary		368,000		644,996
Tax on Above (assuming applicable tax slabs)		22,454		100,424
Take-home Salary
CTC		750,000		750,000
Less: Deductions by payroll
Income Tax		22,454		100,424
FBT on Fringe Benefits Provided**		27,128
Take-home salary		700,418		649,576
Take-home pay as a percentage of CTC		93%		87%
* Gifts up to Rs 5,000 P.A. is exempt.
** This is paid by the employer, but the charge is passed on to the employee

జోక్స్...........

What is knowledge

During work, Raman and Narayan were chatting:


Raman: Narain, I've been attending night classes for 5 months now and I have an exam next week.
Narayan: oh!


Raman: For example, do you know who is Graham Bell?
Narayan: No
Raman: He's the inventor of the phone in 1876; if you take night Courses you would know this.


The next day, the same discussion took place:


Raman: Do you know who Alexander Dumas is?
Narayan: No
Raman: He's the author of "The 3 Musketeers", if you take night courses, you would know this.


The next day, once again:


Raman: And do you know who Jean Jacques Rousseau is?
Narayan: No
Raman: He's the author of "Confessions", if you take night courses, you would know this.


This time, Narayan got irritated and said: And you, do you know who is Balakrishnan Kuppuswamy?
Raman: No
Narayan: He's the guy roaming with your wife!! If you stop night courses, you would know.

jobssss

Hi,

Greetings from G.E.T Power Pvt. Ltd, Chennai.
(Formerly G.E.T Engineering Constructions Private Limited)

We are a fast growing company in infrastructure development in the core business of Electrical transmission, EHT, Sub-Stations, Power Plant, Distributions, Wind Energy, Rural and Industrial Electrification etc .

We are strengthening our team with qualified, experienced and committed professionals in similar industries for the following positions .

CURRENT OPENINGS

1. PROJECT MANAGER / ENGINEER /CO ORDINATOR- ELECTRICAL & CIVIL
(SUB STATIONS , LINE WORKS – 33/11 KV, 220 KV,400 KV)

2. ENGINEER / MANAGER - VENDOR DEVELOPMENT AND SOURCING (PURCHASE)

3. ENGINEER / MANAGER - TENDERING AND BUSINESS DEVELOPMENT

INTERVIEW SCHEDULE

DATE : 11th July 2009 (Saturday)

TIME : 09:00 AM TO 12:00 PM

VENUE

G.E.T. POWER PVT LTD.,
5th Floor, Apex Plaza,
No: 03, Nungambakkam High Road,
Nungambakkam,
Chennai - 600 034

Kindly bring with you the following documents :

1. Hard copy of your updated resume;

2. Hard copy of your academic and professional credentials;

3. Pay slip for the last two months and One passport size photo


Please confirm your availability(time) through mail for attending interview and send your updated word format profile to umadevi_d@getpower.in


NOTE :
Pl. ignore this mail if you have already applied. Refer your friends for other positions if they have similar experience.
For more details please visit : www.getpower.in