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Showing posts from January, 2014

Submit 15G or 15H in your Bank - avoid TDS

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How to avoid TDS ( Tax Deduction from Source ) on the interest in Bank Account Deposits in India. Submit Form 15G/H if you have Fixed Deposit or Recurring Deposit Tax Deducted at Source (TDS) as per Income Tax Rules is applicable for Fixed Deposit interest accumulated / earned in excess of Rs. 10,000/- in a Financial Year except NRE fixed Deposits TDS is applicable if Domestic Fixed deposit interest earned / accumulated in a financial year is Rs. 10,000/- and above. TDS can be avoided by submitting Form 15G / 15H, if Fixed Deposit Interest Income is less than Rs. 2 Lakhs. If Fixed Deposit Interest Income is above Rs. 2 Lac, TDS will be compulsorly deducted from that account. Download the  Form 15G (For Ordinary Individual) and Form 15H (For Senior Citizens) ; request you to submit the original signed forms to your bank before 28.02.2014. If PAN number is not submitted to bank account,  request you to link the PAN number with your account

KeralaPolice installs 100 speed cameras - expects fine of 40 crore rupees in 2014

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UPDATE JAN 2018: "Kerala police to soon use camera to camera speed detection system. With the introduction of this new system, speed between two camera points will be calculated accurately. The system will compare the time required to cover the distance between two camera points to the actual time taken by a vehicle." reports FinancialExpress.com UPDATE: Install an app called Trapster/Waze from AppStore or Playstore to get voice notification of approaching speed cams. The Hi-Tech Traffic Enforcement Control System Inaugurated by Chief Minister of Kerala is going to take people for a ride... The integrated 24 hour control room is located at Thycaud, Thiruvananthapuram, Kerala could  monitor 100 camera feeds. The camera could monitor and capture number plates of  over-speeding vehicles or vehicles making traffic violations even at night. There are 100 cameras along six different highway stretches. The stretches are Kovalam-Kottiyam (NH) Venjarammoodu-Chengannoor (SH) Sa